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 Combine Traditional and Modern Furniture With Style
Are you in love with both traditional and modern furniture styles? Do you feel like you can’t decide between those...
How to Organize Your Garage
Do you have so much stuff in your garage, your car is left out in the cold? Keep reading. Your...
Tips On Preventing Accidents In The Workplace and Keep Your Employees Safe
Preventing accidents in the workplace is both the moral and ethical responsibility of every employer. Knowing that there’s a safety...
4 Surprising Ways SaaS Can Be A Game Changer For Small Business
The World Wide Web will never run out of tips and strategies on how to grow your business. These days,...
Understanding SaaS, PaaS, IaaS Prior to Selecting One For Your Business
Summary: Cloud Computing is rising at a faster pace, and it’s crucially important for organizations to move to the Cloud...
5 Tips to Avoid Federal Tax Penalty For Taxpayers
When you are undergoing a tax issue, then it is vital to have knowledge of what are you up against...
Spy App For Android A Tool For Keeping Workplace
Dealing with routine matters has been a lot easier and stress-free thanks to modern technology. Want to order food, use...
How to Create A Backyard Zen Oasis
The lifestyle of the modern era usually depletes one’s energy by the time they get home from work. Whether or...
Mistakes You Need to Avoid When Preparing Your CV
Writing a CV can be hard. You have to somehow condense all your experience into 1 or 2 A4 pages....
Home Decor Trends For 2021: What You Can Expect
This year, the Covid pandemic has had a huge impact on many different industries and sectors and one which has...
5 Ways to Protect Your Teeth This Christmas
Christmas is just around the corner and the preparations are well underway for the festive day, even if it is...
How to Create A Referral Marketing Program In 6 Easy Steps
You may have heard of the benefits of a referral program. Besides helping you attract more traffic to your website,...
5 Important Web Design Considerations to Make For Better SEO
Ever since the birth of search engines, practices in optimising websites for better search rankings have changed considerably. Where it...
4 Reasons For Your Teeth Becoming Sensitive
Having sensitive teeth can be a common issue for many, but it can also be a sign that you have...
How To Keep Your Business Clean & Sanitised
If your business offers any kind of public-facing services, then you will likely be thinking a lot more about the...
- 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