seconds, 40% 2 sec or less - hostway€¦ · shopping cart abandonment major players &...

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= Why Performance Matters to Your Bottom Line One of the primary reasons to monitor your web applications is to ensure short load times and 100% uptime. Otherwise, you run the risk of operating a slow or broken site, which will result in lost revenues for your business. Rigor.com I 950 East Paces Ferry Rd., Suite 3300,Atlanta, GA 30326 I Phone - 877.474.4671 I Fax - 404.492.8409 I [email protected] Some Relevant Benchmarks The Impact of a 1 Second Delay Aberdeen Research found a 1 second delay to cause... 7% loss in conversions 11% decline in page views Improving the Speed of Your Site 2sec orless 40% After 3 seconds, 80% of these people will NOT return to your site 16% decrease in customer satisfaction For a $5,000 per day eCommerce site, a one second delay means a total loss in revenue of For a retailer making $1 million/year, this would be a sales increase of Online shoppers are impatient of visitors will abandon the page The Impact of Downtime Avoiding Downtime Shopping Cart Abandonment Major Players & Performance If you generate revenues of $5,000/ day, this means you are losing $40,000/yr If you make $1.8 million/year, you could save $208 per hour by avoiding downtime = $208.33 The average rate of shopping cart abandonment is 65% Google found that a half-second delay in page generation time resulted in a 20% drop in traffic Target lost $464,000 in just 150 minutes of downtime during its Missoni launch This equates to your site being down 8 days per year Walmart found that for every 100 ms of performance improvement made to walmart.com, incremental revenues on their site grew by 1% The industry average for site availability is 97.8% due to downtime $1.8 m 365 24 Sources: Forrester Consulting: http://www.slideshare.net/mbharath/consumer-reaction-to-a-poor-online-shopping-portal Aberdeen Research Group: http://www.aberdeen.com/aberdeen-library/5136/RA-performance-web-application.asp Microsoft & Google: http://www.techpresentations.org/Performance_Related_Changes_and_their_User_Impact Amazon: https://sites.google.com/site/glinden/Home/StanfordDataMining.2006-11-28.ppt?attredirects=0 Invesp: http://www.invesp.com/blog/cro/shopping-cart-abandonment-rate-statistics-infographic.html Akamai: http://www.akamai.com/dl/reports/Site_Abandonment_Final_Report.pdf Walmart: http://minus.com/msM8y8nyh/1e Mozilla: http://blog.mozilla.org/metrics/2010/03/31/firefox-page-load-speed-part-i/ Rigor Blog: http://rigor.com/2012/06/the-cost-of-website-downtime-caused-by-high-traffic/ $10,000 per year 100ms Page Load Sales 1% Decreasing the page load time of Firefox’s download page by 2.2 seconds increased Firefox downloads by 15.5% Average cost of an abandoned shopping cart: $116.58 For 46% of shoppers... a quick checkout determines their loyalty to a site The average online shopper expects your page to load in 11% Due to slow site Why Online Shoppers Abandon Carts 5% Due to website errrors and downtime $-127,750 per year

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Page 1: seconds, 40% 2 sec or less - Hostway€¦ · Shopping Cart Abandonment Major Players & Performance If you generate revenues of $5,000/ day, this means you are losing $40,000/yr If

=

Why Performance Matters to Your Bottom Line

One of the primary reasons to monitor your web applications is to ensure short load times and 100% uptime. Otherwise, you run the risk of operating a slow or broken site, which will result in lost revenues for your business.

Rigor.com I 950 East Paces Ferry Rd., Suite 3300, Atlanta, GA 30326 I Phone - 877.474.4671 I Fax - 404.492.8409 I [email protected]

Some Relevant Benchmarks

The Impact of a 1 Second Delay Aberdeen Research found a 1 second delay to cause...

7% loss in conversions

11% decline in page views

Improving the Speed of Your Site

2 secor less

40%After 3 seconds,

80%of these people

will NOT return to your site

16% decrease in customer satisfaction

For a $5,000 per day

eCommerce site, a one second

delay means a total loss in revenue of

For a retailer making

$1 million/year, this would be a sales increase

of

�Online shoppers are impatient �

of visitors will abandon the page

The Impact of Downtime

Avoiding Downtime

Shopping Cart Abandonment

Major Players & Performance

If you generate revenues of $5,000/

day, this means you are losing

$40,000/yr

If you make $1.8 million/year,

you could save $208 per hour

by avoiding downtime = $208.33

The average rate of shopping cart abandonment is 65%

Google found that a half-second delay in page generation time resulted in a 20% drop in tra�c

Target lost $464,000 in just 150 minutes of downtime during its Missoni launch

This equates to your site being down

8 days per

year

Walmart found that for every 100 ms of performance improvement made to walmart.com, incremental revenues on their site grew by 1%

The industry average for site availability is

97.8%due to downtime

$1.8 m 365 24

Sources:Forrester Consulting: http://www.slideshare.net/mbharath/consumer-reaction-to-a-poor-online-shopping-portal Aberdeen Research Group: http://www.aberdeen.com/aberdeen-library/5136/RA-performance-web-application.aspx Microsoft & Google: http://www.techpresentations.org/Performance_Related_Changes_and_their_User_ImpactAmazon: https://sites.google.com/site/glinden/Home/StanfordDataMining.2006-11-28.ppt?attredirects=0Invesp: http://www.invesp.com/blog/cro/shopping-cart-abandonment-rate-statistics-infographic.htmlAkamai: http://www.akamai.com/dl/reports/Site_Abandonment_Final_Report.pdfWalmart: http://minus.com/msM8y8nyh/1eMozilla: http://blog.mozilla.org/metrics/2010/03/31/�refox-page-load-speed-part-i/Rigor Blog: http://rigor.com/2012/06/the-cost-of-website-downtime-caused-by-high-tra�c/

$10,000 per year

100msPage Load

Sales

1%

Decreasing the page load time of Firefox’s download page by 2.2 seconds increased Firefox downloads by 15.5%

Average cost of an abandoned shopping cart:

$ 1 1 6 . 5 8For 4 6 % of shoppers...

a quick checkout determines their loyalty to a site

The average online shopper expects your page to load in

1 1 % Due to slow site

Why Online Shoppers Abandon Carts

5% Due to website errrors

and downtime

$-127,750 per year