Penguin update... is this a good idea?

[samerk]

I have one site that got hit by the latest google updates. Penguin and EMD.

The site was making me nice income but now with the traffic drop its not.  I was going to 301 to a new domain but was reading that if it works to bring it back in the serps it would only last 3-4 weeks...

then i though just get a domain and add the content over time and get rid of the old domain. + take care and build better links.

I bought website that already ranks and been around since about 2003 online.  Not hit by the updates and has few goood links. Would it be a better idea to move content to this site and make it grow?

Not sure what to do..

[Francisco_Meza]

I don't think a 301 would help out your situation. If I were in your situation, I would go through GWT and contact all the shady sites to remove the links. Also, I would build kick ass content ASAP to offset grey hat marketing. If you need to buy some authority, get a membership at BBB.org and your local chamber of commerce. Real companies have these memberships anyway, spammer don't.

You should read Ryan Kent's (the #1 guy on SEOMOZ) post about Identifying Link Penalties. http://www.seomoz.org/blog/identifying-link-penalties-in-2012

[samerk]

Anyone else feel that "get a membership at BBB.org" will cause google to act diffferently?