FWIW this is the part I'd be concentrating on a
lot more:
QUOTE
Over time, our quality of traffic is better and or leads are better.
My reasoning being that too often people fall into the trap of thinking more traffic is better. This is especially true of people who don't truly understand SEO or Marketing (read Bosses.)
If the quality of traffic goes up, quality leads go up and conversions go up the gross amount of traffic is a fairly useless statistic upon which to rely.
I always look at it this way...
If I can average converting 100 people per day into being paying customers, why should I care that I only got 200 visitors to my site? Personally I'd much rather have a 50% conversion rate, be able to really focus on those visitors individually and get to spend less on hosting & bandwidth costs than I would waste a lot of money on window shoppers and have to get 1,000,000 visits per day to get those same 100 customers.
So your quality of traffic and quality of lead is better. Now would be a good time to really focus on making sure you're speaking to those people's individual needs and make sure you show them how you can provide them with the solution they're looking for. Quality is a lot easier to convert, but it still takes a little work and thought.