High shipping costs killing your sales? Discover how to craft a winning strategy that delights customers & boosts your online revenue.
Did you know that high shipping costs are the leading cause of abandoned shopping carts?
To succeed in online sales, you need a strategic approach to shipping that balances customer satisfaction with profitability. Here are key strategies to consider:
1. Free Shipping
- Customer favorite: While perceived as "free," someone always bears the cost.
- Options:
- Seller absorbs cost: Increase product prices slightly to cover shipping.
- Shared cost: Increase prices marginally + offer free shipping above a minimum order value (to encourage higher order value).
2. Tiered Shipping
- Offer various speed options: Cater to customers who need items urgently or are willing to wait for lower costs.
3. Flat Rate Shipping
- Ideal for products with similar weight and size: Simplifies pricing but can lead to over/undercharging for heavier/lighter items.
Choosing the Right Strategy
- Know your shipping costs: Compare rates across carriers using services like Parcel Daily to find the best deals.
- Consider becoming a Parcel Daily member: Unlock discounted, fixed rates for better cost planning and strategic decision-making.
- Enjoy free parcel pickups: Save time and money by eliminating trips to the post office or fulfillment centers.
By implementing these strategies and leveraging platform like Parcel Daily, you can create a winning shipping strategy that drives customer satisfaction and boosts your online sales.