Last Updated: August 13, 2024
What kind of ROI should you expect from an SEO campaign? Using proprietary data from SEO campaigns that took place between Q1 2021 and Q1 2024, we’ve broken down the answer to this question by industry, further segmenting it by return on advertising spend (ROAS), ROI, and time to break-even.
SEO ROI Statistics by Industry
The following ROI statistics represent the ROAS and ROI of SEO averaged over a three-year period. The SEO campaigns that generated this data were thought leadership-based, meaning they involved ongoing publishing of keyword-targeted, high-quality website pages, split ~65/35 between blogs and landing pages.
While ROAS isn’t a commonly calculated statistic for SEO campaigns, we wanted to provide a direct comparison against a commonly used PPC statistic. We calculate SEO ROAS using the following formula: Gross Return on SEO Campaign ÷ SEO Campaign Costs.
Typically, the costs of an SEO campaign are what a company pays our agency (~$120,000 / year) plus a share of the salary of all the people interacting with our firm on the client side. The final ROAS number is a ratio of how much gross revenue should be generated from every dollar spent on SEO.
Likewise, we calculate SEO ROI using the following formula: Net Profit from SEO Campaign ÷ SEO Campaign Costs. We then multiply by 100 to get the percentage return you can expect to see from SEO.
We’ve also included a time to break-even statistic, which is the number of months it takes for your net revenue from an SEO campaign to exceed your spend on that campaign.
SEO ROI by Industry (3-Year Average)
| Industry | Return on Advertising Spend (ROAS) | ROI | Time to Break-Even |
| Addiction Treatment | 8.90 | 736% | 8 months |
| B2B SaaS | 8.75 | 702% | 7 months |
| Biotech | 9.20 | 788% | 8 months |
| Construction | 7.40 | 681% | 5 months |
| eCommerce | 3.65 | 317% | 16 months |
| Financial Services | 11.10 | 1,031% | 9 months |
| Higher Education & College | 10.40 | 994% | 13 months |
| HVAC Services | 8.15 | 678% | 6 months |
| Industrial IoT | 9.85 | 866% | 7 months |
| Commercial Insurance | 9.05 | 758% | 9 months |
| IT Staffing | 7.00 | 612% | 10 months |
| Legal Services | 6.15 | 526% | 14 months |
| Manufacturing | 9.50 | 813% | 9 months |
| Medical Device | 12.85 | 1,183% | 13 months |
| Oil & Gas | 10.55 | 906% | 10 months |
| PCB Design & Manufacturing | 12.40 | 1,101% | 11 months |
| Pharmaceutical | 9.85 | 826% | 9 months |
| Real Estate | 15.10 | 1,389% | 10 months |
| Solar Energy | 9.20 | 770% | 9 months |
SEO ROI Statistics by Service Type
When a marketing leader is setting expectations for the ROI their company will receive on an SEO campaign, they must consider the comprehensiveness and quality of the SEO campaign itself. Below are the three most common SEO services along with their ROAS, ROI, and time to break-even.
A technical SEO campaign is one in which an SEO consultancy enacts technical fixes to your website, typically relating to speed, security, and mobile optimization; performs keyword research; and rewrites the title tags on your website using the results of their keyword research.
A basic content marketing SEO campaign is one in which an SEO agency performs cursory keyword research using an online tool such as SEMrush; and produces ~4 blog articles per month of average quality relative to your competition.
A thought leadership SEO campaign is one in which an SEO agency creates a strategic SEO plan, rank ordering keywords by value and organizing them into hubs and spokes; researches your target audience’s needs and pain points, transactional behavior, and search intent; and produces 6-8 high-quality content pages per month with an aim toward producing new MQLs.
| SEO Service | Return on Advertising Spend (ROAS) | ROI | Time to Break-Even |
| Technical SEO (Technical fixes, keyword research, title tag rewrites) |
1.35 | 117% | 6 months |
| Basic Content Marketing (Average quality keyword research & blog articles ~4x/mo) |
1.05 | 16% | 15 months |
| Thought Leadership & SEO (Strategic planning, high end content ~8x/mo, focus on marketing KPIs) |
9.10 | 748% | 9 months |
SEO ROI Timeframe
Positive ROI in an SEO campaign is achieved over a 6-12 month period, with peak results in the second or third year of the campaign. Here is what a typical B2B SEO campaign looks like in terms of gross revenue generated on an annual basis:
Seeing this kind of ROI is a result of content quality remaining high throughout an SEO campaign, a strong adherence to search intent, and the lifetime value of a customer being relatively high ($10,000+). The best candidates for thought leadership-style SEO are companies with high-value clients, such as those in financial services, industrial manufacturing, real estate, or B2B SaaS.
Achieving a High SEO ROI: Next Steps
We hope the above statistics are useful to you in establishing benchmarks for your own SEO campaigns. If you’re concerned about your ROI meeting your standards for an SEO campaign, you may wish to contract with an agency such as ours to conduct a thought leadership SEO campaign. You can reach out to us here.
If you’d like a pdf copy of this report, reach out to us here.
Further Reading
To help you achieve the above ROIs, we recommend reading our reports and guides on SEO benchmarks and conversion rates:
