Nowadays, eCommerce buyers are impatient. The loading speed of a website is a crucial component that search engines evaluate when ranking each web page. As a result, every Magento owner should track the store's performance. This is the basis for Magento performance improvement. Installing performance-enhancing extensions will increase the performance of your Magento shop. These will improve user experience and, as a result, sales.
Mage Monkeys will cover details about how to improve Magento performance and ensure that you don't miss any revenue due to high dropout levels or unsatisfied customer experience.
Magento store owners can follow these tips to improve their Magento website:
• Latest Version
Keep Magento core and extensions up to date as developers patch these for a reason. Patches and improvements usually include bug fixes and changes in performance.
• Image Optimization
Images make up on average more than 60% of a page's weight. Compressing your images is very important! There are some good extensions that you can utilize for this. Also, ensure you upload smaller images, to begin with.
• Enable Flat Catalog
If you have a lot of products, Magento has a feature to flatten your catalog. This applies to your database. You can think of it as the same way you flatten layers in Photoshop.
• Content Delivery Network
Using a CDN can be one of the easiest and fastest ways to see large speed increases, especially if you have visitors from around the globe. KeyCDN has an easy CDN integration with Magento and Magento 2.
• Utilize Caching
Browser caching, expire headers, page caching are all things you should consider implementing.
• Fewer Extensions & Modules
This should be a no brainer, but just like any CMS platform, generally the fewer extensions and modules the better. Most of the include their own stylesheets and you will start to generate a lot of HTTP requests if you have a lot of them running.
• Concatenate (merge) CSS and Javascript Files
Combining your files becomes less important if you are utilizing HTTP/2, but Magento still has some options to concatenate and merge them.
• Enable Magento Compilation
Enable this feature to speed up Magento's performance. Some people have seen an over 50% increase.
• Choose Fast Web Hosting
There is nothing worse than a slow web host. There are Magento optimized hosts out there, and Digital Ocean/Linode/Vultr all make for speedy and affordable options. If you aren’t that tech-savvy you can even run ServerPilot on top of them for easier management.
• Clean Up Magento Database & Logs
Magento by default keeps its logs for 180 days. You can change this setting. Also, cleaning up old logs and getting rid of them from your database is important.
• MySQL Configuration
There are some settings in PHP you can apply to optimize your MySQL configuration for better performance.

FINAL THOUGHTS
As you can see there are many ways to optimize your Magento eCommerce performance. We hope our tips help you speed up the success of your Magento shop, contributing to improved consumer experience and consumer loyalty.