How 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. Reduce the expenses incurred by shipping of goods to earn more. There are some options that you may opt to put in place to reduce the shipping costs. When you negotiate with several companies, they may compete by offering good carrier rates. 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.
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. You can also consider using the packaging provided by your carrier to avoid other additional fees that may come along with using your packaging. You may also opt to use third-party insurance since they offer cheaper premiums. You may also consider adding the extra shipping costs in your customers’ bills to avoid having to take care of the extra shipping charges.
Save on packaging by reusing your packaging. Join a professional organization since they offer good and lower rates from the carriers. Make sure that you have made your calculations with the carrier rates by using the accurate weight and description of your shipment. 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.
Print labels from carriers which you can customize for extra branding and save on labeling of the packages. Pay in terms of the actual size of the box and distance the package is traveling which is cheaper than price based on weight. Ship your products in few and in the best way as possible so that you can save on space and reduce the number of packages. 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.