I'm really sorry to hijack your thread SimaranSingh, but I've got the same problem. I've got my domain www.apple-bay.co.uk for more than 5 years now. I've been hit hard with the Panda update (Google) and actually right now, I'm slowly getting more audience. (According to Google Analytics).
The thing is, that now I've got a total of 679 Keywords in my site, and I can expect around 121 Visitors a day. I am trying to work on content for the site, but, I've been told that also optimizing my photos will help. But, what happens with this suggestion as my site is an ecommerce site? I mean, I have products like many other places on the internet, selling the same thing... So, what do I do? more unique content and how do I optimize photos? thank you so much for any suggestions. Patricia
PD: I forgot to mention, that only about 2 or 3 weeks ago, I have redesigned the whole website. but I left the permalinks, I mean, I have just redesigned the content not the actual pages.