Even though more and more Internet users switch to broadband every year, a large portion of the web's population is still running on good old dialup connections. It is therefore unwise to count them out of the equation when you're designing your website, and a very major consideration we have to make for dialup users is the loading time of your website.
Generally, all the text on your website will be loaded in a very short time even on a dialup connection. The culprit of slow-loading sites is mainly large pictures on your website, and it is very important to strike a delicate balance between using just enough pictures to attract your users and not to bog down the overall loading time of your site.
You should also go to a greater length and optimize every picture on your site to make sure it loads in the least time possible. What I really mean is to use picture editing software to remove unnecessary information on your pictures, and thereby effectively minimizing the file size of your picture without affecting its appearance.
If you own Photoshop, it will be obvious to you that when you save a picture as a JPEG file, a dialog box appears and lets you choose the "quality" of the JPEG picture -- normally a setting of 8 to 10 is good enough as it will preserve the quality of your picture while saving it at a small file size. If you do not have Photoshop, there are many free picture compressors online that you can download and use to minimize your picture's file size.
On the other hand, you can opt to save your pictures in PNG format to get the best quality at the least file size. You can also save your pictures in GIF format -- the picture editing software clips away all the color information not used in your picture, hence giving you the smallest file size possible. However, saving in GIF format will often compromise the appearance of your picture, so make your choice wisely!