|The next update, "Aardvark."|
Just kidding, Google.
Some people think that Google has gone too far with this update. Little people who have been making good original content have been impacted in many cases, as I have read in anecdotal accounts on The Warrior Forum and in other places.
People who are still not disappointed and deterred, to the point of quitting this game, are doing various things to help recover their rankings. Here are some of the things that are being discussed:
1.) If you have more than one link to a domain in an article, remove the excess.
2.) Using the same ip number for all of your related websites may be a killer for sites that have been targeted. Diversify your ip addresses in that case.
3.) Instead of using Google Analytics (some see it as an intrusive and damaging insight into your sights), use other resources.
4.) Inspect your sites and remove spammy backlinks. Have links in contexts that are relevant as well. If you can't remove backlinks, relaunch your site and build the links organically.
5.) Increase the quality of your articles that you are marketing. Update them with current content and get rid of out-of-date articles. Freshen up!
6.) In keeping with point #5, update your sites regularly with fresh content (this is something that has worked in the past as well). Current content is king.
7.) Instead of exact match anchor texts, use partial match anchor text. Here is a video that explains very well this concept which makes linking look more natural:
8.) In keeping with the general idea of exact match vs. partial match, don't overuse exact match domains. If you have overlapping domain names as sources for back links it may be a good idea to start up new domains to make them fit within the partial match category.
9.) Don't participate in reciprocal linking or in linking networks, which can be easily detected by Google. If you have, remove these links. Cutts has made two videos that discuss how to clean up your act in this regard.
10.) Sometimes the best thing to do is non-action. Some are advising against over-reaction, as there may be problems with the Penguin release, rankings for those who have been following the rules may go back up again after an update. But, if you feel your site(s) have been wrongly targeted by the algorithm, Google has made a simple form that you can fill out and submit.
Check out this article on SEO Hackers as well, which explains some of the technical considerations in the Penguin update, particularly regarding calculated ratios: