Shipping and the packaging costs can really dig into your profits, eating them away like termites on wood. But it doesn’t have to be like this. To the contrary, there are several things that you can consider doing that will reduce your overhead costs and help you increase your profits. We’ll cover them for you in order from getting a postage discount to reducing packaging costs. So keep reading to learn how.
Buy Your Packaging in Bulk
The first step that you will want to take is with your packaging. Simply put: buy this in bulk. A number of online stores offer discount packaging for ecommerce operations. The more you buy, the more you save. Factor how many shipments you are sending each month and stock the shelves of your fulfillment department adequately. Spoiler alert: USPS will deliver free Priority Mail boxes and mailer to your house; you can order them online.
Expedite the Fulfillment Process
The longer it takes for orders to go out the door, the more money you are wasting in employee hours, plain and simple. Many ecommerce stores use a two-system method, where they generate shipping labels from one-system and packing lists from another. This contributes to shipping errors and costs you more time.
Instead, convert your fulfillment to a one-system method. This involves using all-in-one invoices, a one-system method, as opposed to the latter. These invoices print from your office laser or inkjet printer and contain your packing list/invoice and a peel-off shipping label for faster, more accurate fulfillment.
Offer Discounts on Shipping to the 48 Lower States
If you are offering a postage discount to customers to encourage more sales, congratulations – that’s a great way to get more conversions. But you could be eating it big-time if you are offering this discount to states like Hawaii and Alaska. Instead, limit any discounts to the lower 48 states and you can reduce your shipping costs exponentially; Alaska and Hawaii cost a lot more to ship to.
Integrate Shipping Cost into Price to Offer Free Shipping
If you really want to supercharge sales, eat the cost of shipping. Instead, view it as a marketing cost. Over 70% of consumers want free shipping or they won’t close the sale. Sure, you will make less money off each sale, but you will be rewarded with more sales as a result. In the end, it works out in your favor. Consider setting a minimum order value to offer free shipping and you will be sitting pretty.
Use a Postage Discount Service to Reduce Cost
Lastly, look for a postage discount service provider to reduce your shipping cost. There are ample ones that you can easily find online with a quick Google search. Most charge a small monthly account fee and then require that you only tender monies for the postage that you use as you use it. Boy that was easy.
By integrating these five simple methods, you’ll be shaving off drastic portions of your bottom line in no time at all. Use all the money you’re saving to increase your marketing budget. Or stash it for a rainy day or take a vacation. The choice is yours.
Should You Buy Real Estate At The End Of 2020
Experts analyzed the prospects and possible scenarios for the development of events. Residents of the US are warned about the...
How To Be A Confident Person
Attractive, confident, funny, charismatic. These are some characteristics that define an alpha individual. While we all know what the goal...
Why Do Cats Get Diarrhea?
If you’re a pet owner, then you’ll know that one of the most common problems you need to deal with...
Common Reasons For Visiting An Orthopaedic Surgeon
Have you suffered regular knee or back pain? Do you feel tired or stiff for a long time after resting...
Best Wholesale Beauty Product Suppliers In 2020
Beauty products include a range of goods that are used to care and enhance the appearance of your face, hair,...
Big Things A Digital Marketing Business Conducts
The customary word “ad” is defined as a communication procedure between the group of onlookers and the imminent business moving...
International Shipping In A Global Pandemic
The Covid-19 pandemic completely turned the world on its head, in more ways than one. Beyond the devastating medical challenges,...
8 Ways To Reduce Stoke Risk
Stroke is the fifth leading cause of death in the United States. To help you understand how severe and common...
Top Whey Protein Recipes To Lose Your Body Fat
Losing weight and keeping the kilos off is not an easy thing to do. Everything from what you consume to...
5 Amazing SEO Tools to Spy On Your Competitor’s Website
So, you’re running an online business, and you surely want your business to get the best results. But, there are...
Keep .eu Domain After Brexit
Domains are becoming as essential as someone’s own home in the world of internet. Internet users are always looking for...
How To Use Apple Cider Vinegar With Mother To Maximize The Health Benefits
Apple cider vinegar is used in many different household chores like floor washing, cleaning, doing dishes, vegetables and fruits washing,...
8 Tips from Dermatologists For Gorgeous Skin
We all wish of a flawless and glowing skin, but it’s not always easy to figure out the skin care...
Uterine Fibroids: What Are Its Causes, Symptoms, and Treatments?
Uterine Fibroids are non-cancerous tumors that develops in a woman’s uterus. They are also called leiomyomas or myomas and appear...
Electric Stove or Gas Stove? Which One is Better?
While remodeling your kitchen to include some kitchen essentials or buying a whole new house, you might be comparing electric...
- Tech5 years ago
Creating An e-Commerce Website
- Tech5 years ago
Design Template Guidelines For Mobile Apps
- Business5 years ago
The Key Types Of Brochure Printing Services
- Travel8 years ago
Who Else Wants Also Nfl Hat
- General5 years ago
Kobe Bryant With His Unique Nba Jerseys
- Tech5 years ago
Climb Google Using These Checklists
- Tech6 years ago
Why Small Businesses Can't Ignore Mobile Technology
- Health7 years ago
Health Supplements For Sports Activities Nutrition