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. Reduce the expenses incurred by shipping of goods to earn more. 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. Have your customers pay for delivery charges that you can add to their bills so that you do not have to deal with the expensive shipping costs and also to help you to cut some of the costs that you incur during the shipping of the goods.
Do not throw away the package instead you can reuse it again to avoid paying for packaging. 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. Outsource your shipment to other companies that offer carrier services to save you some costs that may be incurred when shipping your own goods.
Print labels from carriers which you can customize for extra branding and save on labeling of the packages. Use the cubic weight system to pay for your shipping which is cheaper than paying in terms of the weight of the box. You can also choose to consolidate your packages to reduce the cost per parcel. The placement of items in the box is important so as to maintain the quality and to make sure that the package is not damaged in transit.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.