According to webpagetest, this is:
time required for negotiating DNS, sockets and SSL + 100 ms.
I liked @ ram1's answer, but I would like to add that it is also due to the performance of your server. This amount of time is common in shared hosts. There are two workarounds: change your hosting or add a CDN service.
Also, this will help if you have less redirects.
You should make better use of the cache, and for Chrome users you can apply the preliminary settings .
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