If you’re like most business owners, finding ways to save time and money is one of your top priorities. After all, a penny saved is a penny earned. One area you might not have paid too much attention to is shipping — and it’s prime for cutting costs and hassles. Use the tips below to save both time and money on shipping:
1. Avoid Guesstimating Your Shipping Costs
Chances are, you’ll overpay as you err on the side of caution. For example, your package may weigh less than a pound, yet you might estimate its weight at two or three pounds “just to be safe.” The same is true of a package’s dimensions. Over guesstimating a package’s weight or size could put you in a higher price range than necessary. Meanwhile, underestimating the package’s size or weight could result in time delays as the shipper returns your package for insufficient postage. This is a risky choice as shipping delays translate into unhappy customers (which is why most businesses overestimate their package sizes and shipping costs). Avoid overpaying by using a postage scale and a ruler to accurately weigh and measure your packages.
2. Do Your Research And Choose The Right Service
While one shipping company may have lower rates on smaller parcels, it may be the costlier choice for larger ones. It pays to compare prices. While you’re at it, choose the right type of service for the package. Is overnight service essential or would ground service be acceptable? Would an alternative shipping method, such as Greyhound Package Express or DHL Express, cost less?
3. Increase Sales By Offering Convenient Returns
Though offering to pay for return shipping may seem counterintuitive when you’re trying to cut your shipping costs, you may want to consider adopting such a policy. According to a Forrester Consulting study conducted for UPS, retailers that offer convenient, inexpensive returns are likely to see an increase in sales, customer loyalty, and incremental revenue.
4. Use Address Validation Software
Are you shipping your packages to the correct address? Address validation can flag you to a potential shipping problem, allowing you to correct the issue before you ship the package and find out the hard, expensive, and time-consuming way. By validating addresses before you ship your packages, you’ll have fewer packages returned to you as undeliverable, fewer upset customers wondering where their packages are, and lower shipping costs as a result.
5. Shop Around For Shipping Supplies And Buy In Bulk
Are you still buying your mailroom supplies at the local stationary or office supply store? Though convenient, you’re probably paying too much. Again, this comes down to doing your research and shopping around. Buying in bulk also reduces your shipping costs overall. The savings could be substantial.