Authorize.Net partner, 71lbs, has made a name for itself by helping businesses optimize their shipping spend. We invited Christine Ridgely, partner manager at 71lbs, to share her thoughts as our guest blogger.
Why Understanding your Shipping is a "Merchant Must"
As a merchant, you may know how important it is to stay on top of your business transactions. Shipping spend influences your overall profit margin. However, analyzing shipping spend often goes undone.
If the details of your shipping activity are not reviewed and understood, it can be very difficult to fully capitalize on each transaction processed. Many businesses do not actively monitor their shipping because they lack the time and resources to do so. Others expect late deliveries to occur as a part of conducting business, so they don’t hold their shipping carrier accountable for service failures. Some are simply focused upon fulfilling orders and don’t look back, only forward. The fact is that businesses are doing themselves a disservice if they are not auditing their shipping activity and the associated costs.
By actively monitoring your shipping, you can ensure that your business not only pays for the service that is promised by the carrier but also optimizes your overall shipping spend. Are you aware that if you ship with FedEx or UPS, the service includes a 100% money-back refund when a package arrives late, even by 60 seconds?
The first step is to commit to tracking your shipments on FedEx.com and/or UPS.com and then cross reference deliveries. Once you identify a service failure, you must file a claim. Note that the process of manually filing a claim is highly intricate and difficult to successfully navigate. Claims need to be filed within 15 days of the package’s delivery and should include all necessary documentation and inspections.
Build your business smart and do not stand idle as it pertains to your shipping spend. It is more important than ever for merchants to stay informed about all facets of shipping, especially if refunds are involved. Whether you handle it internally or externally through a third party, you can and should identify and understand exactly where your shipping dollars go.
71lbs is a leading expert in helping businesses optimize what they spend on shipping. Their human-powered software solution monitors, identifies, and files claims on your behalf, allowing you to focus on your business and not use up valuable resources. All found refunds are credited directly to your FedEx and/or UPS account. No start-up or monthly maintenance fee is necessary.
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