5 Tips for Lowering Your Shipping Costs |

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5 Tips for Lowering Your Shipping Costs

shipping-costs

 

Many entrepreneurs and business owners face a huge hurdle when unlocking a larger market. While expanding your business and offering worldwide shipping is a surefire way to drive sales, it’s often a challenge to get a handle on your shipping costs. Of course, you want them to be as low as possible, so that your product has the potential to go anywhere, without being a burden.

It may or may not come as a surprise that shipping is an area within your business that accounts for a huge portion of your overall costs. We’ve compiled a list of things to look out for in order for you to save time and money on shipping.

1- Shop Around

Depending on the packaging and weight of your goods, you may be able to get a better price through a shipping provider. For example, USPS offers flat rate cartons that may work out cheaper than going with FedEx. This simply depends on your packaging needs, so inquiring with as many providers as possible is your best bet here.

Best yet, providers know it’s a pain to switch, so they will go the extra mile if you push them to. They will negotiate with you if they sense that you are going to be a long term client.

2- Go Flat Rate

Flat rate options are an industry standard. This is a great way to go because it standardizes the process across the board, maximizing efficiency. However, these rates are set by zones and/or distance traveled, so it’s important to clarify these things with the provider before you choose this method.

3- Consolidate Your Accounts

It is beneficial to ship as many goods on your account as you can– because your rate is typically based on the volume of goods that you ship. The good news is that this will include incoming shipments of materials and other items. This means that you can ask your vendors to ship their products to you on your account.

4- Don’t Skimp On Paperwork

One of the greatest slowdowns your shipping can experience is with shoddy paperwork. There’s no doubt that you will be slapped with long delays and extra fees and duties if you make a mistake here. Things like incorrectly writing an address, incorrect packaging, or inaccurate shipment weights will slow you down at the border.

5- Work With A Broker

Keeping your shipping costs at a low will keep you and your customers happy. Paying close attention to the details will end up saving you time and money. Understanding the elements that feed into the cost will help you work better with your provider.

A broker can guide you through the shipping transaction in order to make sure you’re making no missteps along the way. There are a lot of moving pieces in shipping logistics, and a broker is trained to expertly help you through the process.