what is a best way to generate traffic ?

Social bookmarking is effective way to generate more traffic.

To get traffic to your website you should do SMO (Social Media Optimization) on facebook, twitter and stumbleupon.

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I read the all reply post and suggest them marketing of the Social Media Sites ok.but I suggest only high pr do follow create back link.
thanks

it depends on what exactly you want. if you want the traffic in no time after you built up a new website, adwords is the best or ads on a already famous website.
otherwise you can concentrate on good organic SEO

Start to do work on social media sites.

I also think that social media sites helps to increase traffic to website. Facebook and twitter website increase traffic to website.

Well al the off page activities will give you traffic and result. But nowadays the trend of SMO is works well, so my suggestion is that g for the SMO.

do a blog first, promote and advertise it. once it get a lot of visitors, linked it to your website. it works.

SMO is the best method used for site promotion.

Getting the Back links on reputed sites will make to gain high traffic for a particular website.

An effective content creation process would be the way. When you have amazing content writing skills, or a skilled writer under your wing, it's going to be easier for you to gain traffic. Just pass it across the different social media websites out there.

Simply you can do SMO to generate traffic like Twitter, Facebook & Google+