Onboarding Time (OT) measures the duration from a new customer's initial sign-up to when their account is fully operational. It includes account setup, training, and any customisation required.
This metric is critical in businesses where rapid value realisation is crucial to customer satisfaction and retention. It's used to refine the onboarding process, identify bottlenecks, and enhance user training. As companies scale, reducing Onboarding Time can significantly improve conversion rates and accelerate revenue growth, especially for consumer-facing businesses.
Count Onboarding Time
Onboarding Time (OT) is calculated from the moment a new customer signs up until their account is fully operational.
Track milestones within the onboarding sequence, segment users for more personalised insights, and consider qualitative customer feedback alongside Onboarding Time.
A shorter Onboarding Time isn't always better. Too rapid an onboarding can leave users confused with little knowledge of a product. It's not a one-size-fits-all metric; more complex products generally require longer onboarding times, and vice versa.