Google has kept the working of this page very simple

1. Type in your web page address on http://pagespeed.googlelabs.com
2. Google will show what rules the website is currently following and will score the site out of 100.
3. In addition to this Google will also give suggestions on how you could improve your website's speed. To make it simpler for webmasters the suggestions are categorized and ranked as High, Medium or Low which in a way tell you how much work you need to do on your site to improve its performance.

Here is how the results appear for the Wall Street Journal's home page.

Page Speed Online has also been made available for mobile websites as Google realizes that mobile device CPUs have their own limitations as compared to the powerful desktop CPUs.

So now website owners can significantly benefit from the suggestions of page speed online to prominently reduce their mobile CPU consumption. This includes reducing the amount of JavaScript parsed during the page load and making a landing page redirect cacheable.

The simplistic approach to Page Speed Online has already made it an instant hit amongst website owners who are getting an easy and quality analysis of their website performance and are optimizing their websites accordingly for their mobile customers, specifically Smartphone users. On the user end you will not have to go through the frustration of waiting for ever for a site to load.

While it has been repeatedly proved that the performance and load time of a page has direct correlation with the sales and revenue of a website, Google's latest tool Page Speed Online, keeps the company in lead of being the champion in making searching a faster experience.