4 Ways to Reduce Costs for Your eCommerce Business

4 Ways to Reduce Costs for Your eCommerce Business

As an eCommerce business owner, one of the most significant expenses you’ll face is shipping costs. Shipping can be expensive, especially if you’re delivering to customers around the world. However, there are ways to reduce these costs and improve your bottom line.

Some tips that can get you started:

1. Offer free shipping above a minimum order value

This encourages customers to buy more, which can help increase your revenue and offset the cost of shipping.

When setting the minimum order value, make sure to take into account your product costs and the cost of shipping. You don’t want to offer free shipping and end up losing money on the sale!

2. Use packaging that fits your products snugly

Using packaging that fits your products snugly can help reduce shipping costs by minimising the size and weight of your packages. Make sure to use packaging materials that are appropriate for the size and weight of your products and avoid using excess packing materials.

4 Ways to Reduce Costs for Your eCommerce Business

3. Use shipping software to automate shipping

Shipping software can help automate the shipping process, calculating the most cost-efficient delivery routes while also reducing the time and effort required to manage your shipping operations.

GFS’ proprietary Enterprise Carrier Management technology can get you access to an integrated toolkit that streamlines every stage of the delivery journey, from shipping options at the checkout, to labelling, tracking and reporting.

4. Work with a multi-carrier partner

Through working with a multi-carrier partner, you get single access to a wide network of carrier services, allowing you to:

Compare rates from multiple carriers

Different carriers have different rates and fees for their services, and by working with a multi-carrier like GFS, you gain the power of choice! By comparing the rates of multiple carriers for different services, you can see which one offers the best value for your shipping needs.

Negotiate rates with carriers

Work with a partner who has the buying power to give you access to exclusive, competitive carrier rates, so you can be sure that you are getting the best deal on your shipping costs.

Use multiple carriers

Having access to multiple carriers means you won’t need to rely on a single carrier for all your shipping needs giving you greater flexibility to switch services on or off as needed – without the overheads of multiple carrier contracts or processes.

GFS Managed Multi-Carrier Partner

Streamline your shipping journey and give customers a best-in-class experience – every time

  • Single access to 1000+ services across 220+ destinations
  • Exclusive carrier rates thanks to GFS buying power
  • GFS Enterprise Carrier Management suite – power every stage of delivery from labelling and tracking to reporting and returns – with a one-time integration
  • GFS Operations – Collections, capacity planning and contingency – we’ve got you covered
  • Exclusive carrier rates thanks to GFS buying power
  • And more!

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