Factors to Consider to Lower the Shipping Cost for Your Business
As an entrepreneur you may find that the cost of shipping is the biggest expense in your business. Cut the cost of your shipping to make more profit. There are some options that you may opt to put in place to reduce the shipping costs. Negotiate with multiple carries so that you can compare the rates they are offering and settle for the best. Know the specific region which you send your shipment to so that you can utilize the favorable rates offered by the regional carriers. Use express delivery of goods that are required in the short term.
Another way of cutting your shipping costs is by shipping online to reduce the costs at the post office, and the deliveries since by shipping online the supplier takes care of the carrier services and your good are directly brought to your business. If your packages exceed the required dimensions, you should opt to use the packaging offered by the carrier to reduce the cost of the extra dimensions of the package. Purchase insurance from other companies other than the insurance offered by your carrier in case you are dealing with expensive items. You can also consider adding some of the shipping costs to the customers’ receipts so that you do not have to pay for the cost of shipping alone.
Do not throw away the package instead you can reuse it again to avoid paying for packaging. Belong to a professional organization that is offering discounts from major carriers. Before shipping your goods, you should make sure that you have the accurate weight and description of your shipment and make your calculations with the rates that the carrier is offering. Ensure that you have the appropriate box size so that your shipment can be made by ground or freight. Outsource your shipment to other companies that offer carrier services to save you some costs that may be incurred when shipping your own goods.
Purchase your own label printer to save on the cost o buying slips that stick outside the box. Pay in terms of the actual size of the box and distance the package is traveling which is cheaper than price based on weight. You can also choose to consolidate your packages to reduce the cost per parcel. You should make sure that you utilize the packaging space very well and in a smart way.It is also advisable to do your shipping in bulk to save on the cost of shipping since shipping often and in smaller quantities incurs you a great cost.