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.
How to Prevent Potential Hazards In a Lab
Unfortunately, lab accidents can happen. When they do, the consequences can be very serious. Some of the most common lab...
How to Extend Your UK Spouse Visa
The UK spouse visa is also known as a UK marriage visa. The UK spouse visa allows married partners of...
How Best Is Automation Helping The Retail Industry to Survive?
“In the post Covid-19 world, the only place cos are willing to invest is in automation. The return on investment...
Best Artificial Intelligence Trends to Watch Out In 2021
Technologies are getting advanced day by day, and according to that, the developers and the mobile app development companies should...
Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm
Many people all over the world have compared the cryptocurrency market to the wild West, largely because of the fact...
Which VPN Is Best For The Windows 10?
VPN is necessary whether you are doing personal or professional activities. Fully secure VPN for the Windows 10 are hard...
How to Deal With Aching Muscles After Exercise
Suffering from aching muscles and joints after exercise can be very common in many of us. Especially if you have...
How Can A Divorce Lawyer Help You Get Through Divorce?
Hiring a divorce lawyer can help you cope with more than just legal problems during your divorce. They can help...
Can I Open A Robinhood Account For My Child?
Your children are the topmost priority for you. What best you can do for your kid is to provide them...
Elevating Your Writing Skills With These Simple Steps
Writing skills are an essential part of communication and is not something that naturally comes from within. You have to...
When to Replace Your Car’s Tires and How to See The Warning Signs
Trying to get by with tires that may be long past their prime can lead to many problems. Worn tires...
4 Reasons Why Your Small Business Should Hire An SEO Company
Starting a small business is a very noble endeavor. It takes a lot of courage to step away from the...
What Effects Would Artificial Intelligence Have on the Future of Digital Marketing?
In the past few years, the wave of technology has drastically transformed digital marketing. From connecting with people to working...
Best Affiliate Marketing Software Of 2021
The best affiliate marketing software makes earning advertising revenue from your website quick and convenient. The next challenge is to...
When Is It Time For You to Declare Bankruptcy?
If you’ve reached a point where you can no longer pay your debts, you need to file for bankruptcy protection....
Tech6 years ago
Creating An e-Commerce Website
Tech6 years ago
Design Template Guidelines For Mobile Apps
Business5 years ago
The Key Types Of Brochure Printing Services
Travel9 years ago
Who Else Wants Also Nfl Hat
General6 years ago
Kobe Bryant With His Unique Nba Jerseys
Tech7 years ago
Why Small Businesses Can't Ignore Mobile Technology
Tech6 years ago
Climb Google Using These Checklists
Health7 years ago
Health Supplements For Sports Activities Nutrition