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What do we mean by SEO results?

The results of your investments in search engine optimization aren’t just rankings or dashboards full of green arrows. It’s about how they contribute to your business goals—such as revenue, visibility in your market, brand building, and customer trust.

To accurately measure SEO results, we distinguish between primary KPIs and trend lines. These are also known as lagging and leading indicators. One group (primary KPIs) shows the direct impact of SEO, while the other (trend lines) tells you whether you’re heading in the right direction.

Many SEO specialists focus primarily on measurable end results. But in our view, monitoring trend lines is also part of measuring SEO results. It is precisely those trend lines that give you insight into where the project is headed. If you see a positive trend line, the end result will naturally follow.

Why Trend Lines Are More Important Than Snapshots

In SEO, growth is almost never a straight line upward. Today’s success might turn into a dip in a month. Furthermore, many updates are rolled out, and your competitors are likely working on SEO as well. That’s why we prefer to look at structural trends in the data. An upward trend in the number of impressions, visibility, or the number of search terms is often a better predictor of success than a spike in revenue or traffic.

Trend lines help you identify early on whether your work is having an impact. They provide direction, support strategies, and help explain why the “big numbers” (such as revenue or ROI) are trending the way they are.

The Complexity of Attribution in SEO

SEO is harder to measure effectively than, for example, Google Ads. Purchases often have a longer lead time, and attribution in tools like GA4 isn’t always accurate. For example, organic traffic is sometimes not properly recognized, or purchases made through Organic Shopping are incorrectly attributed.

In addition, SEO isn’t just about direct conversions, but also about visibility, brand recognition, maintaining rankings, and it has an impact on other marketing channels. That value is difficult to capture in a single number. That’s why it’s important to always view attribution in context and to conduct additional measurements where necessary, for example, through Merchant Center or Search Console.

11 KPIs That Actually Mean Something

To accurately measure SEO results, it’s important to focus on the right KPIs—not only to gauge the final outcome, but also to track direction and progress. Below, we share the KPIs that we at SmartRanking actively use and monitor. The combination of these metrics provides a reliable and comprehensive picture of your SEO performance.

The most important KPI remains what SEO delivers: revenue, inquiries, or leads. But keep in mind: SEO has a delayed effect. That’s why we also measure Return on SmartRanking (ROS), our own take on ROAS.

Just like with ads, this is an indication of return on investment. But SEO isn’t just about growth. You also want to preserve what you’ve built. That protective aspect of SEO takes time and money, but it’s just as important.

Here’s a practical tip: for example, filter out the revenue from your homepage from your dataset. That traffic is often branded and can skew the results. This will give you a more reliable analysis.

Especially when it comes to new content or tapping into new keyword clusters, the number of impressions—and, more specifically, the growth in that number—is a good indicator. In this context, the trend line is more telling than the absolute number.

Logically, new content doesn’t rank right away. When it’s eventually included in AI Overviews or displayed in the SERP, impressions are attributed to the page. That said, you’ll hardly get any clicks if you rank at the bottom of the page. However, the increase in the number of impressions is a good indicator of whether your pages are gaining traction or not.

Please note: An increase in impressions is great, but it’s only truly relevant if it ultimately contributes to conversions or visibility among the right target audience.

We track how many search terms appear in specific positions, but we focus primarily on the trends. An upward trend in the number of top-10 positions often says more than a slight shift in average position.

So we don’t use the data regarding the positions as an end in itself, but rather—once again—as an indicative trend line.

AI Overviews are changing the SERP and impacting both search behavior and traffic to your website. When it comes to AI Overviews, we recommend tracking the following two KPIs:

  • For how many search terms an AI Overview is displayed;
  • How often a customer is mentioned in them (the “AI Overviews owned”).

This is a newer and increasingly important KPI, especially when it comes to the future of SEO.

SOV indicates what share of the search market you hold within a specific cluster or domain. We use tools like AccuRanker for this. The advantage? SOV is more reliable than an average position because it takes into account search volume, your position in the SERP, and the layout of the search results. For example, there are search terms that are frequently searched for, but if four ads are displayed, a large portion of users will already click on an ad. In that case, it’s not possible to reach all searchers through SEO.

The value of Share of Voice lies in the fact that you can also compare it to your competitors. This allows you to measure and monitor your market position—even dynamically. You can then use this information to effectively set your priorities.

The number of visitors coming from SEO is still important, but it does need to be put into context. Because of AI Overviews and AI Mode, people are less likely to click through to your website.

That’s why the conversion rate of SEO traffic is just as important. It shows whether your traffic is high-quality and whether your website conveys enough trust and credibility.

This is a trend line that’s particularly useful for technical monitoring. If we see a sudden drop or increase in the number of indexed pages, we’ll investigate. Not to take corrective action, but to stay on top of things.

Backlinks are not an end in themselves, but an important indicator of authority. We track how many referring domains are added or removed. Significant deviations often warrant further investigation.

In GA4, the numbers often differ from what you see in GSC. That’s why we compare these data side by side. The click data from Google Search Console provides a stable basis for trend line analysis. The data from Google Search Console comes directly from the index itself and is not affected by ad blockers or rejected cookies. That’s why this source is more reliable than GA4.

Please note: The Google Search Console interface displays a maximum of 1,000 rows. You can export all data from Google Search Console using the API or tools such as Search Analytics for Sheets. In that case, no filtering takes place.

For e-commerce, we specifically look at clicks and purchases from Organic Shopping. We retrieve that data from Merchant Center, because attribution in GA4 often falls short in this area.

This is a valuable addition to standard SEO metrics, especially for clients with high traffic to their product pages.

SEO hasn’t been about those 10 blue links for a long time now. You can increase your visibility in the SERP through various features, such as:

All these different components of the search results matter. Do you want to maximize your visibility? Then it’s important to rank well in these features as well. This increases the likelihood that your target audience will see you as an authority. We automatically track where you are and aren’t visible and what that means for your chances of generating additional traffic and building your brand.

How AI Overviews and AI Mode Are Changing the Way We Measure

The introduction of AI Overviews and AI Mode means that SEO traffic is declining. This is initially evident for informational search terms, where in some cases the number of clicks drops by as much as 40%. After all, users are getting answers more quickly right in the search results themselves and therefore no longer have an immediate need to click through.

You might see it as a threat, but that doesn’t mean SEO is becoming less valuable. However, it is important to look at your KPIs differently and, therefore, to measure SEO in a different way:

  • Conversions are more important than visitor numbers.
  • Visibility in AI overviews and SERP features is becoming a new success factor.
  • You need to take an even closer look at trend lines and the impact of your work.

The initial reaction of many marketers to the changes surrounding AI Overviews is that they pose a threat. That’s understandable, since many organizations place a strong emphasis on the amount of traffic generated through SEO. Nevertheless, AI Overviews also present opportunities, precisely because a whole new playing field has emerged. Within that playing field, much remains unknown, and many companies are still in the dark. SEO specialists can capitalize on this to increase the visibility of the products they work on.

What Not to Do When Measuring SEO Results

When measuring SEO results, it’s all about the big picture. Yet in practice, we often see that companies and marketers are guided by incomplete insights or a single metric. This leads to incorrect assumptions about the success (or failure) of SEO. Pitfalls you definitely want to avoid include:

Rankings mean nothing without context. You might rank #1 for a keyword with low search volume or limited relevance, while a #6 ranking for an important commercial search term is much more valuable. Furthermore, rankings are constantly changing due to updates, competition, and personalization.

A high number of visitors doesn’t automatically mean success. What matters is whether that traffic generates results. A low conversion rate on SEO traffic can be a sign of irrelevant content, poor UX, or a lack of trust.

A report containing only monthly figures is worthless without insight into the underlying fluctuations and trend lines. Is traffic increasing on a structural basis? Are there dips in specific clusters? Is new content being picked up or not? The trend over time often says more than the figure for a single month.

No single tool tells the whole story. Combine data from Search Console, GA4, Merchant Center, and other tools relevant to your product. Don’t focus on just one metric: it’s the relationship between KPIs and trend lines that shows how well you’re doing.

Avoiding these mistakes is just as important as properly defining your KPIs. By taking a nuanced look at the numbers, considering the context, and maintaining a critical mindset, you can truly focus on results and make the right choices for future growth.

Want to measure SEO results? Look at the big picture

SEO is an underrated, important, and strategic channel for the sustainable growth of your website. It takes time, requires vision, and is all about the long term. So you don’t measure results with a single number or a single KPI, but by looking at the big picture: revenue, visibility, traffic quality, and your market position within the broader context.

Are you tracking the right KPIs and trend lines? If so, you’ll have a clear picture of whether you’re taking the right steps and where you need to refine your strategy. And remember: if you see that you’re heading in the right direction, growth will often follow naturally.

Jarik Oosting

This article is written by Jarik Oosting

With a passion for SEO and an unmatched drive for results, Jarik Oosting is the driving force behind SmartRanking. With over 15 years of experience in the field, he has built an extensive body of knowledge spanning technical SEO to complex site migrations. As the founder of SmartRanking, he has assembled a team of like-minded SEO specialists who help businesses achieve sustainable online growth.

His academic background in information science at the University of Groningen, with a specialization in natural language processing, gives him a unique perspective on the world of SEO. For Jarik, it’s not just about visibility in search engines, it’s about sharing knowledge and guiding businesses toward sustainable online success. That mission also led him to write a Dutch book about GEO.

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