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I’m in a similar situation, although my site is 8 months old. I’ve followed the general advice of “get lots of links” and have heard the opinions that only ‘related links’ count, as well as the contrary opinion that 'all links' count.
I’ve been through the cycle enough times now to be convinced that too many links, too quickly will push you farther down in SERPs for your primary keyphrase. I had reached #31 a couple of months back. Today I was sent from #56 to #71.
This has happened almost every time that a bunch of new links come in, or at least within a few weeks of it. I tend to think that the ‘related links’ theory seems to work for the wrong reason. I think most would agree that if you are after a very specific group of links, they are going to come more slowly than if you were indiscriminate.
For a site launched in October, you’re probably doing well. My suggestion is to add links very slowly. If you have more than competitors do now, I’d slow to a crawl. Make the on-page changes you were planning, and see where you are in a month or two.
It seems to me that the ‘too many’ links penalty does seem to last about 30 days, but that’s really tough to nail down. BTW: I’m not an SEO professional, so understand this advice is from another guy just trying to make his business site visible.
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