5 Simple Yet Effective Ways to Reduce Shipping Cost
According to the survey, 44% of customers abandon shopping carts because of high shipping costs or absence of a free shipping facility. Neither customers nor merchants want to bear shipping charges.
Earn Reward Points from Credit/Debit CardsUsually, eCommerce retailers make payment for bulk purchases with their debit or credit cards. Thus, eCommerce retailers are earning huge reward points for making purchases with Visa or MasterCard gift cards. ECommerce merchants can use such gift cards for paying shipping charges.
Offer Free Shipping with Minimum Purchase Order Value
Hire Different CarriersIt is not sensible to have flat shipping rates from one carrier. Various carriers offer different rates according to product types and characteristics like height and weight, fragility and build, and price. It is sensible to have different carriers’ ship different products that provided they are offering low shipping cost.
Set Product Price According to Product Cube ValueCarriers’ shipping rates depends on the space that taken by product on shipping vehicle. Thus, you may be losing money on large shipping products but of lighter weight. So, it is advisable to price smartly especially for larger products of lighter products.
Talk Carriers for Negotiated RatesIt is fact that the lowest shipping rates invite higher profit. You might be an excellent negotiator, but the carrier also wants to better incentives to offer you least cost. It is advisable to commit them to offer higher shipment volumes and they might be happy to provide you shipping at low cost.
Thus, these are some effective ways to reduce shipping cost and earn maximum profit. If you want to enhance shipping facility of your online store then hire Magento developer for adopting Magento eCommerce development services from us at the most competitive rates.