Website speed refers to the time it takes for a web page to fully load and display its content. According to
Portent, for every ONE-second delay in page load time, conversion rates drop by a staggering 7%. And it's not just conversions; a slow website can also lead to high bounce rates, lower engagement, and overall poor user experience.
In fact, a study revealed that 40% of users will abandon a site if it takes more than THREE seconds to load (
Akamai). Let's break down exactly what that means for your business: