building link schemes like linkwheel are highly discouraged by google, and don't do it until you are sure that what you have designed is highly undetectable by google algo. best linkwheel linking pattern used to be site1 -> site2-> site3 -> site4 -> ... and all of them having 1 link to core site, now this pattern is detectable by google.
Link wheel is the process to build a link chain among 4 to 5 sites. You can maintain your link stability through link wheel. It is the best way to generate the stable link results. In this process 'a' site gives link to 'b' , 'b' gives to 'c' & to business site also. This process will be continue till you reaches the starting point 'a'. You can view some of results of link wheel & got an idea how to create best link wheel. [TABLE] [TR] [TD]http://offshorewebdevelopment.blog....elopment-for-scalability-and-business-growth/ [/TD] [/TR] [TR] [TD]http://www.softwaredevelopmentcenter.info/2012/07/develop-your-own-personalized.html[/TD] [/TR] [TR] [TD]http://webdevelopmentcenter.info/2012/07/what-type-of-businesses-neeed-web.html[/TD] [/TR] [TR] [TD]http://webdevelopmentoutsourcingser...08/how-offshore-web-development-services.html[/TD] [/TR] [TR] [TD]http://ronaldjustin.tumblr.com/post/28903917041/valid-reasons-for-selecting-custom-net-development[/TD] [/TR] [TR] [TD]http://webdevelopershub.weebly.com/index.html[/TD] [/TR] [TR] [TD]http://dotnetdevelopmentservices.jimdo.com/[/TD] [/TR] [/TABLE]
Link Wheels died off a long time ago you should be looking to build a multi tiered link structure instead http://www.matthewwoodward.co.uk/tutorials/the-ultimate-guide-to-tiered-link-building-part-1/
it is better to build them randomly and not to interlink between them. and ofcourse it is very recommanded that you will update your blogs as well and even link to other sites like wikipedia.