PhoneSale.com - technical SEO analysis
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We own and operate a site called: http://www.phonesale.com/
For the past 5-6 months, we have been working to recover our organic traffic which was hit heavily May 2012.
We have made many strides in terms of eliminating technical issues w/ the site as well as cleaning up our link profile to no avail.
Is there anything else that we can do to help get back into Google's good graces, both on page and off page?
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My first advice is that you continue to review all external links and determine which are paid or are coming from link farms and remove them by asking their Webmasters and the preparing a disavow file. Here's one example of a paid link to your site: http://directory.gtsee.com/Shopping/ . I'm simplifying a complex and tedious process, but there is a substantial amount of in-depth online assistance on this topic.
Please share all the steps you have taken and the percentage loss of traffic you are having.
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You need to diversify your anchor text. Only 10-20% of your links should have exact match anchor text in them, and of your 180 domains you have 50 with "unlocked cell phones." Plus, you have almost no benign links such as "click here" or "website." If you want to get rid of the penalty you need to either start building links, or start changing the anchor text on the ones you have.