SEO rankings have become the metric every client obsesses over. And right now, those rankings are shifting, organic traffic is down in places, and leads are meaningfully up. That combination is genuinely hard to explain to a business owner who was sold on 'get to page 1, get more customers.' But it's the new reality, and if we don't talk about it honestly, clients will keep making the wrong call based on the wrong metric.
A client said something recently that I haven't been able to stop thinking about. They used to advertise in the Yellow Pages. Then one day they looked around, noticed the world had moved on, and built a website instead. They adapted, grew, and never looked back.
Then they made a sharp observation: if people are still judging SEO purely on page 1 rankings, is that really any different to worrying about which page you were on in the directory? They're right. And it's the clearest way I've heard it put.
Because here's what's actually happening across our clients right now: rankings are shifting, organic traffic is down in places, and leads are up. Not by a little. Meaningfully up.
What's actually happening on a Google results page now
Open Google and search for something you'd actually buy. Probably an AI-generated summary at the top. A few featured snippets. Some local map listings. A People Also Ask box. Some paid ads. A forum thread from Reddit. Perhaps, somewhere below all of that, the traditional organic links you'd recognise.
A business can rank at position 4 and barely get a single click, because several other things have pushed them below the fold on most screens. Around 60% of Google searches now end without any click to a website at all. That's not a blip. It's the new normal.
And when Google's AI Overview appears at the top of results, it reduces the click-through rate for the top-ranking page by 58%. Position 1 used to mean something. Now it means considerably less. AI Overviews now reach 1.5 billion users every month across more than 200 countries. This isn't a test. It's the product.
People aren't just searching on Google anymore
ChatGPT. Perplexity. Google's own AI Mode. People are using these tools to ask questions, get recommendations, and decide who to call without a single traditional Google search happening. Google continues to be the starting point, but the willingness to click on traditional results has decreased dramatically.
And critically, these AI tools recommend businesses. By name. To people with real intent. We're seeing the evidence of this in Google Search Console. Branded search, where people search specifically for a business by name, is rising for clients who have built genuine authority and a solid online presence. Someone asks an AI tool "who does good SEO in Bristol?" and then Googles that agency directly. That's a branded search. That's a lead. And it doesn't show up in a rank tracker.
If you want to be visible in these AI-powered results, that's exactly what our AEO service is built for. The discipline overlaps closely with Answer Engine Optimisation and Generative Engine Optimisation. Google has now officially confirmed this shift. At Google I/O 2026, AI-generated answers became the default surface for search.
Why leads can go up when traffic goes down
Think about who used to visit your website from a generic Google search. A lot of them were just curious. Researching. Comparing. Kicking tyres. They arrived at your site with no real intention to enquire.
AI tools filter those people out. The person who just wanted a quick answer gets it without clicking anything. What's left are the people with real intent. So yes, traffic can drop. But the traffic that remains is often higher quality, more qualified and more ready to buy. That's not a failing SEO strategy. That's the strategy working differently to how the metric suggests.
The PPC parallel that explains everything
We also run PPC management for some of our clients, and there's a well-known frustration in paid search that mirrors this exact issue. A business owner searches for their own ad. Can't find it. Rings up to say it's not working.
What's actually happening is quite logical. Google's ad system learns over time. If a user has never clicked on that type of ad before, Google stops showing it to them. The ad is working. It's showing to the people most likely to click and convert. It's just not showing to the person who runs the business.
Rankings work the same way now. Your position varies by device, location, search history, and what AI layer is sitting on top. When a client Googles themselves from their desk in Bristol on a Friday afternoon, they're not seeing what a potential customer in Cardiff sees on a Tuesday morning on their phone. The pixel position on the screen, not the keyword rank, is what really matters.
What to track instead of SEO rankings
If rankings aren't the primary metric, what is?
- Enquiry volume and quality. How many genuine leads are coming in? Are they converting? This is the closest thing to a true north metric for most small and medium businesses.
- Visibility in AI answers. Is your business being cited when AI tools answer questions in your sector? Our AEO service specifically focuses on getting businesses featured in these answers.
- Local pack presence. For location-based businesses, appearing in the local pack map listings is often more valuable than traditional organic rankings.
- Click-through rate on the pages that matter. In Google Search Console, are the pages you care about actually earning clicks?
- Branded search volume. Are more people searching for your business by name?
- Conversion rate from organic. If traffic is lower but the conversion rate is higher, the channel is working.
If you're not sure where to start, a full SEO audit is often the cleanest way to understand what's actually happening versus what the surface-level metrics suggest.
The Yellow Pages moment
That client who used to advertise in the Yellow Pages didn't cancel their ad the first week Google launched. It took time. Things shifted gradually, and then all at once. SEO isn't dead. Far from it. But the version of SEO where you point at a rank tracker and say "see, position 2" as the primary evidence it's working? That moment is passing, in the same way the Yellow Pages did.
The businesses that adapt, that start asking "are we getting found by the right people in the right moments?" rather than "are we on page 1?", will be the ones that grow.
Does SEO still work in 2025 and 2026?
Yes. SEO is still one of the most effective channels for generating consistent, qualified leads. What's changed is how search works, not whether it works. The businesses seeing the strongest results are those who've adapted their strategy to account for AI-generated results, zero-click behaviour, and the growing role of tools like ChatGPT and Perplexity.
Why is my organic traffic dropping even though my rankings look the same?
Even without ranking changes, traffic can fall because of what's appearing above your result on the page. AI Overviews, featured snippets, local packs, and ads all push organic links further down. When an AI Overview appears, the click-through rate for the top result can drop by as much as 58%. Traffic down doesn't automatically mean SEO down.
Should I still care about page 1 rankings?
Ranking on page 1 still matters, but it's no longer the main indicator of SEO success. A more useful question is whether your business shows up in the right places: organic results, local map listings, AI-generated answers, and branded searches. If your leads are growing, your SEO is working.
What is AEO and why does it matter?
AEO stands for Answer Engine Optimisation. It's the practice of optimising your content and online presence to be recommended by AI tools like ChatGPT, Perplexity, and Google's AI Overviews, not just to rank in traditional search. As more people use these tools to find businesses, being the answer that gets cited is increasingly valuable.
How do I know if my SEO is actually working?
The most reliable indicators are enquiry volume, lead quality, branded search growth, and conversion rate from organic traffic. If these are moving in the right direction, your SEO is working, even if individual keyword rankings fluctuate. A full SEO audit can give you a clear, objective view.