{"id":2427,"date":"2024-05-02T10:00:00","date_gmt":"2024-05-02T10:00:00","guid":{"rendered":"http:\/\/138.197.200.24\/resources\/blog\/onboarding-metrics\/"},"modified":"2026-08-06T10:23:54","modified_gmt":"2026-08-06T10:23:54","slug":"onboarding-metrics","status":"publish","type":"blog","link":"https:\/\/www.smartkarrot.com\/resources\/blog\/onboarding-metrics\/","title":{"rendered":"Top 5 onboarding metrics to track customer onboarding"},"content":{"rendered":"
When a new customer begins using your product, they are not completely convinced until they start realizing the value from it. Onboarding is not just about getting your customer familiar with the product. It is also about hand-holding the customer in the initial usage which fits right in their context. They need to start finding value from the product to make sure that their ROI is soon and easily recovered. Hence, onboarding metrics help you gauge if your customers are able to attain those results or not.<\/p>\n
Customer onboarding<\/a> is the phase when your customer is beginning to use your product for the first time after the purchase. Every company wants their customers to pass through this stage as soon as possible. This is because they want their customers to reach that stage soon where the product usage becomes a part of their regular routine.<\/p>\n Onboarding is one of the primary phases in a customer journey<\/a>. It is the time when all the promises made by the sales and marketing are put to test. The customer might already be quite apprehensive about the brand. This is the time when you prove your worth and start cementing your relationship with them. Hence, it has to be orchestrated skillfully for the customer to realize the value from the product within no time.<\/p>\n Using the customer onboarding metrics is crucial because only through this you can measure the efficiency of your onboarding process and identify the areas that need improvements. Onboarding is the most usage-sensitive time for your customer because only during this phase, most of the customers decide whether to continue with the product or not. If onboarding fails, there is no way you can expect your customer to continue their subscription for the next renewal cycle.<\/p>\n So, let us begin looking at the five most important onboarding metrics that reveal the efficacy of your onboarding process.<\/p>\n You can give all the great experiences to the customer during the marketing and sales phases. You can have an outstanding interaction with them during the onboarding phase as well. But until they start finding value from your product, your onboarding is not considered as complete and successful.<\/p>\n First time value is the point during the onboarding phase when the customer realizes the value of your product in their business context. And Time to first time value<\/a> is the time taken for them to reach that result.<\/p>\n Now, when you are setting up your product in their technical environment you may have to do the following:<\/p>\n While these are all part of the onboarding, they are not to be confused with the first time value. Even after doing all these setup, the customer has not yet realized the First time value.<\/p>\n They would do so only when, after all these setup, they start using the product in their production environment and reach the desired result for the first time.<\/p>\n Now, this desired result is contextual that can be measured in various ways, like cost or time saved in their workflow, or number of transactions executed in a given time. This measurable figure would give them a clear value that is attained through the product. And the amount of time taken to reach this measurable goal after the sales was closed is called the Time to first time value.<\/p>\n So, naturally, your goal for a successful onboarding is to reduce the onboarding metrics of Time to first time value.<\/p>\n Making your product available for free trial is one of the most common marketing strategies in the subscription economy<\/a>. While it gives you leverage in acquiring new customers, measuring its efficacy through this onboarding KPI to convert the free customers into paid ones is most important.<\/p>\nWhy to use onboarding metrics?<\/h2>\n
1. Time to First time Value<\/h2>\n
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2. Free Trial to Paid Conversion<\/h2>\n