i have recently setup a blog. if i direct baccklinks to this blog, will my subdomain receive pagerank, or will it go to blogger / google?
Why do you worry about page rank? Focus on off page seo and getting traffic.. and yes, subdomain will receive pagerank..
First You start seo for your homepage domain after sometime when u saw the front page come in ranking then proceed the next page
If you build backlinks to your domain - it will gain PR over time. It won't be visible until the next PR-update though.