The eCommerce market is expanding really fast, reaching £259,928 million only in 2018 and only in Europe. And that’s not all! According to a research from Statista the revenues of eCommerce market are expected to reach £284.092 million in 2019 with 450.9 million users worldwide.
On the same research, it was found that China holds the first place with £477,154 million in 2018, following by United States with £378.507 million and United Kingdom with £64.851 million.
Choose a Shipping Rate Method Wisely
There are 3 different shipping rate methods you could use for your products.
- Free Shipping: Most companies use this shipping method for their products. Free shipping is supposed to be free for your customers but not for you. Keep in mind that if you want to choose this method, you will have to pay the fees out of your margins.
- Carrier Rates: In this method, you charge the carrier rates. You can pass the rates to your customers and let them choose the best option for them. Although this option, leaves you free of the shipping rates, it is likely that your customers will leave the cart without completing the purchase.
- Flat rates: Many small size companies use this shipping method. We cannot say that this method is the least expensive one, but it is certainly the most competitive. It works best if you have regular orders with products of almost the same size and weight.
My recommendation on which shipping method to choose, is to start with flat rates and then turn into free shipping or even carrier rates. When you establish your business to the market, you can choose whichever option you prefer, but in the meantime, you can start with something that is cheap, easy to use and effective.
Understand the Market
Before entering a market there’s one thing that you need to do, and that is research. Every country has its own policies and regulations regarding shipping and customs. You need to be sure that you are compliant with the law of each country and that you understand the fees and taxes that you have to pay when exporting your goods.
Work with a Freight Forwarder
Collaborating with a freight forwarding agency, can give you an advantage. The supply chain industry can be very complicated. A freight forwarder can handle all the processes without you having to care about the customs clearance. A linehaul sourcing specialist, such as Haulystic, can provide you with high quality logistic solutions, tailored to your needs and requirements. Haulystic freight services ensure transparency and simplicity with competitive rate cards.
Our subject matter experts have intensely worked for over 14 years in the eCommerce market, understanding our customers’ requirements and the market trends. We want to make shipping simple for you, so you can focus only on growing your business.