I have a site which has been hit by anchor text over optimisation algo penalty. Well, I think it has, if it hasn't then I would be stunned as the majority of links to the site are the same or very similar and are to just a few relevant pages. Google also rewrites the titles of nearly every page of the site with those keywords either at the end or the beginning of the title I provide.
It is not in the SERP's at all for the keywords, although will appear at number one for related searches. EG. It's number one for 'creating widgets', but not in top 500 for 'making widget' (my OOP keywords).
Most of the links were created pre 2004 by myself mostly contacting other website owners, having a chat and them ending up giving me a link for free (ahh, the good old days when people linked to other sites simply because the visitor would enjoy the content), I usually asked for the same anchor text to be used. I really don't want to lose them as it would be impossible to get links from those sites today.
The only links I bought were some forum sidebar sitewides using that same anchor text (I know, hangs head in shame, seemed like a good idea back then). Taking a quick look it seems most were abandoned a long time ago.
I haven't built any links to the site since around 2006 and people do link to it naturally (sometimes using, but mostly not using those OOP keywords) but all those old links still outweigh the new natural ones.
A link clear up is not going to happen, I know it can take months and I can't spend a lot of time on this site as it's one of my hobby sites and not a money maker. But I do love it and I am prepared to take a few more risks with it than I would with a 'business' site to get it back in the SERP's.
I am considering removing the sections not related to the keywords and moving it to an EMD of the over-optimised anchor text (which luckily I already own as it was a toss up when I started the site which name to use). I will then simply disavow those forum links I bought if the owners don't respond to my removal requests.
Has anyone tried this? Am I crazy? Seems too simple?