I started by just hand tying mine. I used nylon upholstery thread and then painted glue on on top of the thread to help protect the thread from fraying. It takes some skill to keep the feathers uniform. Years ago I switched to using this
http://www.3riversarchery.com/Bohning+Pro-Class+Fletching+Jig_i4081X_baseitem.html . I've used wood glue, slow set super glue, and contact cement to glue the feathers on before wrapping. The glue used depends on the finish you use on the arrows.
From everything I've read the Bitzenberger is great and I have a buddy that swears by his. I just went the cheaper option. I like to glue while watching tv.