CainIV - 4:14 am on Mar 8, 2012 (gmt 0)
So, you bought a bunch of links to your website, took a hit, and now want to reveres it :P
Its usually reversible and here is how you might go about doing it. Do keep in mind the repercussions could be months - even up to a year depending on history of the domain and extent of the infraction.
1. Build quality links to the domain - contextual, editorial based links - and choke back on making them optimized. Simply point them as your business name or url.
2. Publish lots of quality content and internally link to strong category pages that are closely clustered, related to your homepage topic.
3. Build a bubble of brand rich signal pages around you. Research places where you can manually submit high quality content that is going to be seen and appreciated and publish
4. Build higher quality links to your homepage and stay away from competitive SEO altogether.
Link for the user.
Hope this helps