Why Performance Matters
The benefits of performance optimization are well-documented. In short, performance matters because users prefer faster websites. But it’s more than a qualitative assumption about user experience. There are a variety of studies that directly link reduced load times to increased conversion and revenue, such as the now decade-old Amazon study that showed each 100ms of latency led to a 1% drop in sales.
PAGE SPEED, BOUNCE RATE & CONVERSION
In the data world, poor performance leads to an increased bounce rate. And in the mobile world that bounce rate may occur sooner than you think. A recent study shows that 53% of mobile users abandon a site that takes more than 3 seconds to load.
That means if your site loads in 3.5 seconds, over half of your potential users are leaving (and most likely visiting a competitor). That may be tough to swallow, but it is as much a problem as it is an opportunity. If you can get your site to load more quickly, you are potentially doubling your conversion. And if your conversion is even indirectly linked to profits, you’re doubling your revenue.