The New Reality of SEO Performance
Flat traffic numbers provoke anxiety among stakeholders, especially when SEO investment is substantial. However, these numbers don’t always reflect failure. In the past year, some successful campaigns reported stagnant or declining traffic yet increased conversion rates and total leads. This trend signals a shift in how we assess SEO effectiveness.
The Role of AI Overviews
Google’s AI Overviews synthesize information directly within search results, reducing the need for users to click on links. A report indicates that zero-click searches surged from 25% to 65% in recent years, with AI Overviews appearing in about 16% of searches. This shift creates an attribution problem, as organic click-through rates dropped by 61% since mid-2024 when AI Overviews are present according to Search Engine Land.
Rethinking Key Performance Indicators
Organic traffic should no longer dominate your KPI dashboard. Instead, focus on metrics that reflect actual business results, such as revenue per visitor (RPV) and conversion rates. For instance, tracking high-intent keywords can yield valuable leads despite lower overall traffic figures. This requires a strategic pivot, especially towards middle-of-funnel (MOFU) and bottom-of-funnel (BOFU) terms that trigger fewer AI Overviews.
Alternative Metrics to Consider
- Revenue per visitor (RPV): Assess profitability per visitor to gauge SEO success.
- Conversion rates by landing page: Identify which pages are driving conversions, even if overall traffic is flat.
- High-intent keyword rankings: Monitor positions for terms that indicate purchase readiness.
- Share of voice in AI Overviews: Use tools to track how often your content appears in AI results.
- Lead quality scores: Focus on the qualification of leads obtained through organic channels.
The Great Decoupling: Visibility vs. Clicks
This phenomenon, dubbed “the great decoupling,” illustrates that higher visibility in SERP features doesn’t always translate to increased clicks. As users receive answers on the SERP, they may remember your brand, leading to direct visits or branded searches later, but these interactions often go untracked in traditional analytics.
Strategic Adjustments for Stakeholders
Educating stakeholders about this shift is crucial. Adjust strategies to prioritize keywords that are less likely to trigger AI Overviews, focusing on those that align with user intent. This tactic not only helps improve traffic but also attracts more qualified leads, ultimately aligning SEO efforts with business objectives.
Looking Ahead
Over the next 6 to 12 months, expect to see further shifts in how search behavior impacts traffic and conversions. Companies that adapt to these changes will likely find new ways to measure SEO success beyond traditional metrics. As the focus shifts from clicks to overall brand presence and conversion quality, those clinging to outdated metrics will fall behind.


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