HIGHER SEARCH RANKING
The quicker your website loads, the more Google will like it. The more Google likes it, the easier it is for customers to discover your site.
What’s the “science”?
In July 2021, Google released an algorithm update called the “Core Web Vitals Update”. Core Web Vitals are user-centric metrics that help users perceive a page as fast.
These Core Web Vitals measure three things:
- Loading: The time it takes to load the main content of the page (beautifully termed Largest Contentful Paint (LCP)). The goal is 2.5 seconds.
- Interactivity: The time from when a user first interacts with a page to when the browser can process a response to that interaction (First Input Delay (FID)). The goal is 100 milliseconds or less.
- Visual stability: How often users experience unexpected layout shifts (Cumulative Layout Shifts (CLS)).
Overwhelmed by odd terminology? In a nutshell, the faster your site speed, the easier it will be for users to find your website.
BETTER USER EXPERIENCE
First impressions count. That’s pure psychology. We consider fast websites to be professional and reliable. In the modern consumer’s mind, speed = efficiency, trust and confidence.
According to Kissmetrics, 47% of people expect a site to load in less than 2 seconds. And 40% of people will abandon a website entirely if it takes more than 3 seconds.
And it’s even more important on mobile, with 85% of internet users expecting a mobile site to load as fast or faster than on their desktop.
So there really isn’t a lot of room for manoeuvre!
BIGGER CONVERSION RATES
Here’s where the numbers get really juicy. Because site speed is key for your growth marketing strategy.
Skilled found that 79% of customers are less likely to repurchase from an online store if they were “dissatisfied” with the site’s speed.
And according to Google, a one second site speed improvement can increase mobile conversions by up to 27%!
Let’s put this into perspective. Retail giant Amazon did tests that showed they would lose $1.6 BILLION every single year if their site speed slowed down by just one second. Yes, you read that right. One point six BILLION dollars!