The Negative Impact of Slow Page Speed on Conversion Rates
In today's fast-paced world, people expect instantaneous results. We want information and we want it now. This need for instant gratification has led to a decrease in patience, especially when it comes to website page speed. Studies have shown that even a one-second delay in page load time can lead to a 7% decrease in conversion rates. For companies that rely on their website for sales, this can have a significant impact on the bottom line.
So why is page speed so important? Let's take a look at some of the reasons why people abandon slow-loading websites.
1. People are impatient.
We live in a world where we expect things to happen instantly. If we have to wait more than a couple of seconds for something to load, we get frustrated and move on to something else.
2. Slow pages are often indicative of other problems.
If a website is taking too long to load, it could be an indication that there are other issues such as poor code quality or hosting problems.
3. Slow pages lead to higher bounce rates.
When people leave your website after only viewing one page, this is known as a bounce. The longer someone has to wait for a page to load, the greater the chance they will bounce from your site entirely.
4. Slow pages negatively impact SEO rankings.
Search engines like Google consider page speed when determining where websites should rank in search results. So, not only will fewer people see your website if it loads slowly, but those who do see it will likely find it further down the page—if it appears at all.
5. Slow pages cost you money in lost revenue.
A study by Kissmetrics found that 40% of people will abandon a website if it takes more than three seconds to load and that every second delay can cost you 7% in conversion rates..
6. Slow pages damage your brand reputation..
In today's competitive marketplace, first impressions are everything.. If someone visits your website and it takes forever to load, they're not likely to come back or recommend you to others..
7. People are less likely to trust slow websites.
A recent study showed that users were significantly less likely than before 2008 to trust websites with long loading times. In fact, 66% of respondents said they would not return to a site that had previously loaded slowly for them..
8. Your competitors are benefiting from your slow pages.
If your competitor's website loads faster than yours, they're going to get the sale—plain and simple..
9. You're losing out on potential customers.
Mobile devices account for more than 50% of internet traffic, but if your website doesn't perform well on mobile devices, you're missing out on a huge chunk of the market..
10. Your employees are wasting time waiting for things to load.
Your employees aren't just customers—they're also humans who get frustrated by slow loading times. If your website is taking too long to load, chances are good that your employees are getting frustrated and wasting time waiting for things they could be using more productively elsewhere.. https://www.wordstream.com/blog/ws/2019/01/22/page-speed-performance
As you can see, there are many negative impacts of having a slow loading website. Not only does it frustrate users and cause them to leave without converting, but it also hurts your brand reputation and costs you money in lost sales. If you want to be successful in today's competitive marketplace, you need to make sure your website loads quickly and efficiently.