Important Tips to Consider to Lower the Cost of Shipping 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. Herein are some important tips that you can consider to reduce the cost of shipping for your business. 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 air delivery only if necessary so that you can avoid wasted expenses.
You can use an online store to ship your products so that you can take advantage of the free pick up services, mail delivery and confirmation of delivery services. 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. You may also opt to use third-party insurance since they offer cheaper premiums. 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.
You can also consider reusing the package so that you don’t have to struggle to pay for packaging of your products. If you have registered your business with a business or professional organization you may check whether they are offering discounts with carriers. Make sure that you have made your calculations with the carrier rates by using the accurate weight and description of your shipment. You should also make sure that you know the size of your boxes so that you can know the appropriate size to ship with. Allow other companies to deliver your shipment to avoid other extra costs such as warehouse bills and other payments.
Another way to reduce the cost of shipping is by printing your own labels so as to avoid buying expensive packaging slips from the carrier. Ship your boxes by cubic weight to get discounts from the carriers for your shipment. You should pack your goods in a single parcel to save on the shipping costs. You should make sure that you utilize the packaging space very well and in a smart way. The advantage of shipping in bulk is that it saves time and saves the costs since it is more cost-effective than shipping in small regular portions.