Discover the Secrets to Lowering Your Shipping Costs

It's all about the bottom line, no matter what you're selling - fancy vases or cheap party favours for toddlers. At the end of the day, all businesses want to make money. When budgeting, they figure out how much it costs to make the product and where they can find the cheapest materials and possibly relocate to reduce shipping costs. But many don't think about how much the cost of shipping could be eating up their profits. Here are some tips on saving money when it comes to shipping.

Look for the Best Carrier Options

DHL and FedEx are names we all know when it comes to shipping, but there are plenty of options to compare and get a better deal. If your delivery is to a rural area, on the weekend, hefty, and you qualify for an account, then it might be beneficial to look into Royal Mail. At the same time, don't forget to monitor rates, as they are continuously changing. Last year, DHL, FedEx and Royal Mail all increased their prices.

Make Custom Labels

Shipping doesn't have to be complicated, even if you don't have an in-house department. Check out the resources online to find ways to compete with the big companies. You can print out your own labels and save money, plus look into arranging pickups at your location - that'll save you time from taking the package to the post office.

Create Perfectly Tailored Boxes for Your Product's Unique Size

I can't stress how important it is to get your packaging right. Weigh and measure your items to get the correct dimensions and use the minimum necessary material to keep them safe. Custom shipping boxes can help you save on space, weight, and cost. And don't forget to invest in a good scale - every ounce counts!

Insurance

Better safe than sorry - but don't risk your profits. Think carefully about whether insurance is really worth it for you. Usually, the shipping company won't end up damaging or losing items, but if the goods aren't too valuable, you should skip out on insurance since it can add up.

Shipping Discounts

If you're a small business, why not team up with other companies and take advantage of similar benefits that larger companies get, like insurance offers and shipping discounts. Joining a professional organization could give you access to these great deals!

Third-Party Solutions

You don't have to do it all yourself! Consider the rates associated with different places in the UK and find one that works best for you. Research all the different companies out there for shipping so that you can get the best rate to send your items wherever they need to go.

Conclusion

If you're a retailer for the future, shipping is an inevitable cost. You don't have to get stuck with high shipping fees, though. You can look into it and do your research to find ways to reduce it, like using different packaging or teaming up with other companies to get the best prices. Taking those steps can result in significant savings on your expenses, meaning more money in your pocket.