In Blog by Josh Carter / June 30, 2015
Researchers at Google determined that when a page loads in less than 100 milliseconds, the response feels instantaneous. This is because the visual sensory memory processor in our brain only handles 100 milliseconds at a time. After this amount of time, the Occipital lobe in our brain (visual processing center) stops storing sensory memory and begins receiving information from the eyes. So, how does this quick neuroscience lesson relate to eCommerce site optimization?
Whether your shoppers are looking to download freeware, sign up for an email list, or buy a new pair of flip flops, their likelihood of conversion is directly related to the time it takes for them to load pages on your site. Forty-seven percent of internet users expect page load time to be 2 seconds or less, and according to Blue Triangle’s data, roughly 45% of users abandon most sites if their landing page is slower than 4 seconds. (see graph below) It is important to note that each site is different in regard to how page speeds impact conversion rates.
For eCommerce retailers, cart abandonment is one of the most serious issues plaguing the industry. Imagine walking into a clothing store and seeing 2/3 of shoppers tossing their clothes on the floor and walking out. In the same way, Baymard Institute’s research shows that 67.45% of online shopping carts are abandoned. Some of the reasons why shoppers say they leave without paying are that they were presented with unexpected costs or found a better price elsewhere. But oftentimes, page load time is the deciding factor whether shopper knows it or not. According to Unbounce, one in every five shoppers leave your site if your pages are too slow. What can you do to avoid this mess?
There are many ways to optimize your site that will decrease load times and increase conversions. We listed a few general surface-level solutions in a previous blog post, but here are a few that are more strategic:
Moving from general to strategic web optimization is vital for any eCommerce retailer. If you need to speed up your site to increase conversions, you need to know which specific pages need to be optimized so you don’t waste money focusing on the wrong things. It is important that you optimize your content dynamically so that you can be strategic with optimizations. Have a business case for investing in web performance. Check out our solutions; we help increase conversions.