
Live chat is crucial to any business seeking higher customer attention and higher lead generation. Henceforth, these are the key metrics to track for live chat success.
1. First Response Time
First Response Time is the period a customer waits until the agent or chatbot gives the first response. It is one of the most critical KPIs since delayed responses are frustrating, which might cause a customer to abandon the chat. The use of automation for greeting and AI chat assistants introduces a conversation that reduces waiting time. Understanding the benefits of chatbots helps businesses implement automated greetings that improve this metric.
2. Average Resolution Time
Average Resolution time is the duration it takes to solve a customer's issue from the first message until they receive a final solution. When agents have to take more time than usual to resolve, it indicates they need better tools, quicker response, with predefined answers. Reducing average resolutions is helpful for customer satisfaction, as well as saving funds on redundant or duplicated support assistance.
3. Customer Satisfaction Score (CSAT)
CSAT applies quick rating surveys that are sent right after conversations to find out how satisfied the customers are with the support given to them. The low CSAT scores tend to reveal factors like slow replies, bad communication, or an unresolved problem.
4. Chat Abandonment Rate
Being the percentage of people who choose to quit a chat without help, chat Abandonment Rate represents the proportion of visitors who leave a conversation window without receiving support. A high drop-off rate means a chat system that is either not user-friendly or not fast enough.
5. Conversion Rate
Conversion Rate measures the proportion of chats that lead to a desired outcome, for example, purchase, booking, demo request, or registration. Chat performance is the main factor that determines revenue and business growth through this indicator. By tracking conversion through various chat types, campaigns, or landing pages, businesses can identify which conversations yield the best results. Learn how a strategic chat button can boost customer engagement and improve conversion rates.
6. Agent Performance Metrics
It is the major quartet of hand measurements, like the number of conversations handled, response correctness, resolution rate, and quality scores from chat review, that show the level of an agent's capability to deal with the workload and communication.
7. Chat Volume & Peak Times
The term Chat Volume refers to the count of conversations that take place within a certain time frame, while the investigation of Peak Time discloses the hours or days that have the most significant movement.
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