followers 1 popularity
2
following 0

followers  view all

Groups
avitadcosta is not in any groups
avitadcosta

The Predictive Advantage: How to Manage Your Ecommerce Bottom Line by Projecting Shipping Costs

Feb 18th 2015 at 7:24 AM

Running a successful ecommerce store takes logistics. Ask any e-retailer what one of the greatest costs they have to absorb is, and most will answer that it is: shipping cost. Tantamount to this is the flipside, where customers have consistently demanded low cost shipping… or else they will take their business to another store.

With local retailers hard on the trail to defeat online retailer’s pricing segments, they also factor in. That’s because local retailers don’t have to worry about shipping prices. The customer simply leaves the store with the goods they bought at the time of purchase. Also, customers can try on clothing and test out devices, seeing and touching the products before they make a purchase.

In the highly competitive retail sector, how is an online store to wholeheartedly compete against such stiff competition? One way is by predicting your costs of shipping. Doing so can help you make small changes that result in more sales. A smart method that you shouldn’t overlook is by using a flat rate shipping calculator to determine how low you can go on your shipping cost.

Shipping Prices Attract or Detract Sales

The jury is out and the verdict is in: low shipping prices have been proven to attract more sales. In fact, 70% of all shoppers want shipping to be free or discounted. Most want an economy expedited shipping option to be offered. And nearly all of them want the shipping prices stated upfront and early during the checkout process. Do this, and offer low cost shipping, and you will attract more sales.

All Carriers Charge Differing Rates

One of the key reasons to offer low shipping is that you have choices between multiple carriers. You can use discount providers for USPS, like Endicia, Stamps.com or Express 1 to get discounted rates. Or you can opt to compare flat rate shipping prices between FedEx and UPS. The choice is yours.

Predicting Shipping Cost with a Flat Rate Shipping Calculator

Being able to predict shipping cost using a flat rate shipping calculator is something that all e-retailers should take advantage of. Doing so will give you the competitive advantage that you need to be able to earmark more sales and revenue. By predicting what it costs you to send certain package types, you can more easily adjust your numbers to inflect a more competitive rate. In some cases, you may even find that you are able to afford absorbing the cost of shipping into your bottom line in order to encourage more sales.

Being able to know what shipping costs you every month so you can better balance your bottom line… well that’s just good thinking.

 

0 comments
Please to comment

The Predictive Advantage: How to Manage Your Ecommerce Bottom Line by Projecting Shipping Costs

Feb 18th 2015 at 7:24 AM

Running a successful ecommerce store takes logistics. Ask any e-retailer what one of the greatest costs they have to absorb is, and most will answer that it is: shipping cost. Tantamount to this is the flipside, where customers have consistently demanded low cost shipping… or else they will take their business to another store.

With local retailers hard on the trail to defeat online retailer’s pricing segments, they also factor in. That’s because local retailers don’t have to worry about shipping prices. The customer simply leaves the store with the goods they bought at the time of purchase. Also, customers can try on clothing and test out devices, seeing and touching the products before they make a purchase.

In the highly competitive retail sector, how is an online store to wholeheartedly compete against such stiff competition? One way is by predicting your costs of shipping. Doing so can help you make small changes that result in more sales. A smart method that you shouldn’t overlook is by using a flat rate shipping calculator to determine how low you can go on your shipping cost.

Shipping Prices Attract or Detract Sales

The jury is out and the verdict is in: low shipping prices have been proven to attract more sales. In fact, 70% of all shoppers want shipping to be free or discounted. Most want an economy expedited shipping option to be offered. And nearly all of them want the shipping prices stated upfront and early during the checkout process. Do this, and offer low cost shipping, and you will attract more sales.

All Carriers Charge Differing Rates

One of the key reasons to offer low shipping is that you have choices between multiple carriers. You can use discount providers for USPS, like Endicia, Stamps.com or Express 1 to get discounted rates. Or you can opt to compare flat rate shipping prices between FedEx and UPS. The choice is yours.

Predicting Shipping Cost with a Flat Rate Shipping Calculator

Being able to predict shipping cost using a flat rate shipping calculator is something that all e-retailers should take advantage of. Doing so will give you the competitive advantage that you need to be able to earmark more sales and revenue. By predicting what it costs you to send certain package types, you can more easily adjust your numbers to inflect a more competitive rate. In some cases, you may even find that you are able to afford absorbing the cost of shipping into your bottom line in order to encourage more sales.

Being able to know what shipping costs you every month so you can better balance your bottom line… well that’s just good thinking.

 

0 comments
Please to comment

sign in

Username
Password
Remember Me


New to IM faceplate? join free!

Lost Password? click here