In simple terms page load speed is the number of seconds it takes for the content on your web pages to appear in front of visitors. As technology moves forward at lightening speed consumers are requiring faster responses to their clicks and if your website page load speed is slow it may cause visitors to leave your site possibly costing you sales. In addition, user behaviour on your website sends important signals to search engines which in turn can impact your ranking.
The page speed of your website is the first impression people get even before they have a chance to see your products and/or services. Visitors may get frustrated while they are waiting for your page to load and there is nothing more frustrating than waiting. Recent research found that 47% of people expect a website to load in two seconds or less, and 40% will give up if it takes more than 3 seconds to load so if your page speed is not fast the chances are you will have a high bounce rate and low time on page too.
If users get past the first page and start to browse around your website then are continually faced with delays again they will probably leave the site which ultimately will cost your company revenue.