Factors to Consider to Lower the Shipping Cost for Your Business
As an entrepreneur you may find that the cost of shipping is the biggest expense in your business. You may consider trimming the cost of shipping expenses and thus saving more. Herein are some important tips that you can consider to reduce the cost of shipping for your business. First you may consider to do negotiations with different shipping companies or carriers so that you can compare their shipping schedules as well as the rates.You should also be aware of the location of where you are shipping so that in case you ship in one region you may consider working with regional shipping companies that 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. By using the packaging provided by the carrier you can save on shipping costs that may be incurred when your package exceeds the required size. 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. Have your customers pay for delivery charges that you can add to their bills so that you do not have to deal with the expensive shipping costs and also to help you to cut some of the costs that you incur during the shipping of the goods.
You can also consider reusing the package so that you don’t have to struggle to pay for packaging of your products. If you have registered your business with a business or professional organization you may check whether they are offering discounts with carriers. Make sure that you have made your calculations with the carrier rates by using the accurate weight and description of your shipment. Know your boxes’ size so that you can know which is the appropriate box to deliver your shipment. 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.
Purchase your own label printer to save on the cost o buying slips that stick outside the box. 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. You should also package your goods more efficiently so that your goods sit in the packaging comfortably also without leaving too much space. 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.