I just got a Lenovo 300 Ideapad for home productivity. It's running speed is ... ok, but I'm curious about what I'd need to add to optimize its performance. Note: I'm not looking to turn this into a gaming computer.
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It depends on what you're upgrading it for. If it's streaming movies and Netflix, then your internet speed in 90% of the equation. If it's gaming, then more memory is the way to go....or an SSD drive like Bumrush said. Upgrading the graphics card can also make a big difference but that's not always an option on a laptop.
Looking at the specs, you have 8GB of RAM- bump that to 16 (if one slot) or 32 (if two slots). Graphics are onboard so you're stuck there, but the memory alone will make a big difference for less than $50.