This is the part that actually determines whether links help or hurt you, and almost nobody talks about it properly.
Most people think about anchor text as a keyword optimization decision. It's actually a risk management decision. Google is looking for a distribution pattern that matches how real, organic links naturally occur when nobody is controlling them.
Here is roughly how a natural profile actually breaks down.
Branded anchors (your site name or domain) should be your largest part, usually 40 to 50%. This is what happens organically. People link to "MajestySEO" or "majestyseo.com" far more often than they link using your exact target keyword.
Naked URLs (just the raw link, yoursite.com) make up a solid chunk too, often 15 to 20%. This is extremely common in real world linking and heavily underused by people building links deliberately.
Generic anchors like "click here," "this article," "learn more" should be another 10 to 15%. Nobody manually links with a keyword-stuffed anchor in real life. Real writers are lazy with anchor text.
Exact match keyword anchors, the ones people obsess over, should be the smallest slice. Something like 5 to 10% max. This is the one people over-optimize and it's the fastest way to trigger a manual action or algorithmic suppression.
partial match and related keyword variations fill the rest, maybe 15 to 20%. This is where you can still signal relevance without looking manipulated.
why this matters more than the number of links.
Google's spam systems aren't primarily counting how many links you have. they are pattern matching your anchor distribution against what natural profiles look like. A site with 50 links and a natural distribution is safer than a site with 500 links where 40% use the exact same exact match anchor.
the mistake almost everyone makes
They build in batches. Ten links this month, all exact match, because that's what the client asked to rank for. Then the algorithm sees ten new links in 30 days all using the same anchor text pointing at the same page. That's not how organic links form. Organic links trickle in over months with wildly inconsistent anchors because different people are writing them for different reasons.
What actually works
Track your anchor distribution as a running percentage across your entire link profile, not just what you're building this month. Before adding any new link, check what your current split looks like and deliberately fill the gap instead of always reaching for the money keyword.
This is honestly the difference between links that compound your rankings and links that eventually get you hit.