I am considering purchasing some ebooks (made for copying into blogs) and other material that I can simply copy/paste onto my site regularly. However since this material is already somewhere out there on the net, does that mean I can face penalty from Google, and will it or won't it push my PR higher? I know Google bots are incredibly intelligent but to the extent that if my content is somewhere out there already by someone who purchased the same material how will it effect my PR and possibility of penalty?
You will NOT get a Duplicate Content penalty from Google as there's no such thing, but your pr will probably not go up and your content may be filtered from search results.
NO PENELTY FOR DUPE CONTENT, Go to Google and read for your self! Sorry this topic has been beat to the ground in about 500 ways.
Google has whats called a duplicate content filter NOT penalty. Just look at all the ecommerce sites 90% of them are dupe content (all using the same product descriptions) including sites like amazon and ebay. Think before you speak.
it will surely effect ur site PR and if done in excessive like giving inbound link or cloaking will make search engines to ban u from their results..........