Great Ways to Save Money in Your Business (Part 6)

Saving moneyIt’s been a few days, since my last entry, so I trust you spent some time evaluating your businesses. Are you doing what you need to do in order to save money in your business? Saving in one area will allow you to put that money to other areas…or put it in the bank for a rainy day. Let’s start today looking at Shipping.

Shipping
Shipping1. U.S.P.S. The U.S. Postal Service offers a lot of great value if you know what you need and what to ask them. Check out the various box sizes they have that allow you to ship any weight, as long it fits in the box. They can help you clean up you mailing lists, getting you zip codes + four numbers, bar codes, bulk rates, etc. Their international expedited rates are very competitive as well, but they don’t track door-to-door, as FedEx, UPS, etc. do.
2. Clean up your list. Are you sending duplicate marketing letters or ones to old, defunct addresses, or prospects that are a waist of postage (nonresponders). Evaluate, improve, and amend your list.
Freight3. If you ship internationally, talk to a rep from each of the major carriers. They will compete for your business and, in my experience, will provide solutions you probably didn’t think of. They get you set up online, with the software and equipment you need.
4. Don’t wait until the last minute. Obviously, you’ll save money when you’re not forced to ship overnight. If you offer free shipping in your business, make sure you’ve covered this expense elsewhere. It’s one of those costs that can easily get out of control.
5. If you ship on pallets, talk to various freight forwarders. Prices vary…radically. They offer a lot of different services – pickup, delivery, customs, taxes, etc. Don’t pay for what you don’t need.
6. Overseas manufacturer? HUGE savings if you don’t touch every product you ship. Can your manufacturer ship directly to your customers? Look into this.

If you’re interested in a consultation or have questions, please email me at Robert@RobertFinkelstein.com. If you have any comments, please write them below.

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