Small parcel shipment costs are only getting more expensive. Major shipping companies such as USPS and FedEx have announced that their shipping costs are rising even more in 2019. Lowering shipping costs is a major concern for many business owners.
How Can You Save Money of Parcel Shipment Costs?
While you can’t change standard small parcel shipment costs, you can make some changes in your shipping methods to save as much money as possible. Here are some tips for business owners to help save money on small parcel shipment costs. Click To Tweet
- Parcel Audit
- Modern Shipping Software
- A Flat Shipping Rate
1) Parcel Audit
Sort through your parcel invoices and track all of your expenses. More often than not, you will find some mistakes that will entitle you to a refund. You can do this in-house, but it can be time-consuming to manually go through each invoice. Consider outsourcing with a company experienced with parcel service refunds.
2) Modern Shipping Software
A transportation management system can be another way to save money on your shipping costs. A TMS tracks your shipments at every step. This can give you insight into competitors rates and allow you to print labels. Shipping software also has tracking solutions that show the progress of your shipments and keeps you updated on accurate delivery time.
3) A Flat Shipping Rate
While customers might prefer free shipping, this may not be the best, economical choice for your business. Depending on the size and quantity of the shipment, you may want to consider a flat shipping rate.
Pro Tip: Come up with a shipping price that will never cost your personal out-of-pocket money.
Don’t Lose Any More Money
With the increase in parcel shipment costs, don’t lose any more money. It’s critical to stay on top of your shipments to save your company money.
How do you feel about the increase in shipping costs? Join the conversation to discuss some cost-saving shipment tips.