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I think the site still has alot of potential to go back to the revenues per month like prior, you have almost all the groundwork done, and a nice touch, is that its all fairly aged.
I wouldnt rush to hire a seo company or guy without really looking into them and making sure they arent going to dampen your chances of picking it back up.
From your own descriptions Blum, it looks like the site slid because you let it slide. Billy above pointed out some definate factors that lead to the slump, but everything seems to focus around the fact it was neglected.
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