How to cut down shipping costs and increase revenue? Shipping cost is one of the main issues that the logistic industry face. Customers are frustrated with the shipping changes. A small change in your regular workflow help to improve profit. To engage their clientele, they must alter their business structure.
Amazon is the biggest e-commerce company. Every day, they ship millions of items to customers across the world. As a result, it is not surprising that Amazon’s annual delivery costs will be over 6.1 billion in 2020. Meanwhile, shipping cost is the biggest issue in growing e-commerce businesses. However, the biggest companies like Amazon can bear the cost. But startup level and small/medium businesses can not afford it.
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According to figures, 73% of people like to shop online if it offers free shipping. Moreover, companies that offer free shipping have a 20% higher conversion rate. It is a clear message to the e-commerce industry.
“FREE SHIPPING IS EQUAL TO HIGHER SALES“
So reducing the shipping cost helps the companies to grow their business.
Tips to reduce shipping costs and increase revenue
Survey Multiple Carrier Rates
When you are shipping products. It’s good practice to check multiples option. Select the company that offers the best rates.
Weight Your Packages
More the weight, the higher the shipping cost or VICE VERSA. In addition, weight and dimension also drive shipping costs. So, don’t use unnecessary larger boxes to pack products. Some company designs custom box for their products.
Use Pre-Paid Shipping
Pre-paid shipping expenses are a convenient way to save money on shipment. If, the weights and sizes in your shipping order are the same.
Use Carrier Packaging
It is a great way to reduce shipping costs by using carrier packaging.
Other Tips are:
- Use Poly Mailers Instead of Boxes
- Try Third-Party Insurance
- Use Flat-Rate Shipping
- Hybrid Services
- Use Local Carriers
About KSL Logistics
KSL LOGISTIC SERVICES LLC was established in 2014 and currently has partners in major seas and airports worldwide. They specialize in Shipping services, Door To Door Cargo, Packaging, Express Cargo Services, Customs Clearance, Warehousing, and Freight Forwarding, including both Sea and Air Freight Services.
Moreover, they are reliable and offers timely services. Moreover, affordable pricing and offers various discounts on shipping. KSL logistics has provided freight forwarding services for many years across the globe. Our expert shippers can provide you with the best freight services, including sea freight, air freight, and road transport. For more information visite Contact Us