From a P&L perspective, shipping costs are typically the 3rd largest line item just behind merchandise and labor cost. On average, e-commerce merchants spend 10% of their revenues on shipping costs. The financial investment of shipping product to customers means that auditing shipping spend and invoices is crucial to a business.
FedEx and UPS recently increased their rates. Merchants are now paying more ever! Here are some tips on how to lean out your shipping operation to reduce costs.
For many entrepreneurs, selling online to a worldwide market is an exciting yet challenging prospect. Acquiring an expansive product catalog at an affordable price and through a reliable supplier is one of the more difficult aspects of maintaining an online store.
For children, countless occasions call for the unwrapping of presents, with the appearance of mystery boxes igniting anticipation and deftly nimble finger movement. The box, the wrapping, the ribbon, the bow – all of these elements, by definition a barrier between a child and their desired product, serve to create a profoundly memorable unboxing experience that’s just as enjoyable as the product itself.
Guest post by Jose Li Founder & CEO of 71lbs What is the #1 source of pain felt by most e-commerce merchants? Shipping costs. We all need help reducing them. But how can the average merchant cut costs while FedEx and UPS keep increasing rates and the USPS threatens to close branches and slash personnel? Unless you ship at Amazon-level volumes, it can be difficult to gain leverage and cut a break with your shipping carriers.
By Ben Ocken, Associate Marketing Manager at Endicia Running an ecommerce business may seem as simple as producing and selling a fantastic product. But in order to be truly successful, you’ve got to know how to ship.
But shipping can seem intimidating, and it’s often hard to know where to start. That’s why we’ve mapped out five key things you need to consider to get your ecommerce shipping off the ground.
When you're running an online business, it's certainly a MUST that you have an amazing shipping partner you can rely on. For some online stores, it's not only one but several different companies that take care of shipping their products to customers.
What can even be more taxing in the long run is when you've expanded to various sales channels online and you need to log in to different platforms to manage all the orders.
But what if you can actually integrate all these selling venues into[...]
Do you know that you can actually make money from FedEx and UPS for a change? Most of the time, a lot of online businesses that make use of their shipping services never find out that there may actually be refunds from these companies that they can retrieve.
Yep, you heard it right. You can actually get money from FedEx and UPS through refunds. You'll be surprised how much money you can save over time from even little amounts every month!
International eCommerce has been a steadily growing portion of retail, even throughout the global economic downturn. Economic figures have stated that international eCommerce surpassed $1 trillion in 2012. For this reason, many U.S. Retailers are considering international expansion.
U.S. eCommerce retailers who aren’t currently shipping internationally should consider taking international orders. The growth rate for international e-Commerce exceeds domestic growth figures exponentially. U.S.[...]
Shipping & Fulfillment | 0 min read
Shipping is key to running a successful online store. Customers expect a seamless end-to-end online shopping experience and you need efficient and automated tools to fulfill orders.
There is no greater time then in this year of 2014 to jump on the e-commerce business trail. eMarketer recently announced that global B2C ecommerce sales will hit $1.5 Trillion this year and ecommerce sales will increase by 20.1%, a 2.1% rise from 2013.
Internet businesses can be faced with many challenges as the e-commerce arena broadens with more players and competition from traditional brick and mortar retailers, such as Kohl’s, enter the cyber market. Kohl’s have put their new store[...]
When customers purchase a product from an eCommerce business, they often have to pay for more than the product itself. Shipping is necessary for transporting the product from its storage location to the customer’s doorstep. However, this service is rarely, if ever, free for store owners. As a result, they have to add a shipping rate to the purchase.
The question that emerges here is how much to charge a customer for shipping. The answer can be trickier to reach than one might believe. This[...]
Why Merchants Should Act Now To Stop Shipping Errors
How Much A Faulty Address Will Cost You
Our friends at ShipStation have created a useful guide for remembering all of the important holiday shipping dates coming up in the next couple months. Their infographic reminds merchants that FedEx, UPS, and USPS all have some special closures and rules for shipping over the next few weeks and even provides a super useful “ship by” calendar so that you can get all your packages get to customers on time.
(PRLEAP.COM) To enhance shipping for small and midsize customers,OrderCup today announced a tight integration with leading ecommerce software provider 3dcart to provide a hosted shipping management service that handles shipping, order tracking, returns and more through leading carriers USPS, UPS and FedEx.
For savvy online shoppers, finding “free shipping” is like discovering buried treasure. But can shipping really be free? Someone has to pay that shipping charge, and if you’re experimenting with the phrase “free shipping” in your marketing plan, that someone is bound to be you.
It all starts with a shipping philosophy or approach that works for you. You may not know what the right one is at the outset, but there are basically three schools of thought when it comes to shipping – break-even, make money and free (which is really lose money and you have to recover it elsewhere). We do not have the space here to go into the pros and cons of each approach, but here are a few key points:
In today’s eCommerce arena, discounted or free shipping from online stores is not only sought after by customers, it is expected. eCommerce retail is a growing industry, primarily because of the advantages in convenience, variety, and price. Shipping costs are a major consideration to consumers shopping online, because price-hunting online only makes sense if prices are lower than they are at your local store. Not forcing consumers to pay for shipping provides an important value[...]
By Nate Gilmore of Shipwire e-commerce product fulfillment service Many entrepreneurs get started by selling a product online on a web store like 3dcart. For these entrepreneurs, one of the biggest challenges to growth is finding a shipping solution that will scale with their business, offer business flexibility, be cost effective and not become a distraction from the marketing and sales efforts.
A good rule of thumb is that warehousing and shipping can run about 10% of costs for an[...]