Factors to Consider to Lower the Shipping Cost for Your Business
Shipping cost is one of the greatest expense in business. Cut the cost of your shipping to make more profit. There are some factors that you may consider to help you cut the cost of shipping expenses. When you negotiate with several companies, they may compete by offering good carrier rates. Be aware of the regional carriers of the area you are sending your shipment so that you can see whether their rates are cheaper. Use air delivery only if necessary so that you can avoid wasted expenses.
Consider paying for your shipping online to reduce on the cost of your shipping via the post office. 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. In case you are shipping expensive items you may opt to third-party insurance companies that may offer better premiums in case of damage of your shipment during transit. 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. If you have registered your business with a business or professional organization you may check whether they are offering discounts with 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. You may also consider outsourcing your shipment to other companies that offer the same services to save you on some extra costs that you may incur when shipping on your own.
Print labels from carriers which you can customize for extra branding and save on labeling of the packages. Ship your boxes by cubic weight to get discounts from the carriers for your shipment. 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. Most companies offer better rates when shipping in bulk thus this will help you to do your shipping at once and also save you the extra shipping costs.