5 Reasons Why You Should Use Economy Shipping
If you run an e-commerce business, you don’t want to go for an expensive shipping option as it can affect your profits. Since shipping is the lifeblood of e-commerce, finding affordable and cost-effective shipping solutions is essential to increasing your profit margins
There are different shipping services, including expedited shipping, standard shipping, and economy shipping. Each service has its benefits and drawbacks, depending on your customer's delivery expectations and how much you're willing to pay.
So, here comes the big question: should you use economy shopping? Mostly, consider economy shipping if you are dealing with packages that are not time-sensitive. It is the cheapest way to ship a package domestically or internationally.
This article examines the economy shipping and why you should use it.
What Is Economy Shipping?
This transportation method is less expensive than others and is often used for large or heavy items. It is popular with most couriers as an excellent delivery solution for less time-sensitive packages.
Sometimes economy and standard shipping are used interchangeably, but there is a small difference. Compared to standard shipping, economy shipping is slower. For example, it takes up to 5 business days to deliver in the United States, depending on the package destination. This means the delivery will take longer if you're shipping to an international destination.
Economy shipping is a way to offer customers low shipping rates on smaller orders. In economy shipping, delivery can happen either within one country or from one country to another.
During the shipping process, a courier will pick up your product from the assigned warehouse and move it to the post office or shipping company, which handles the final delivery of the products.
What are the Benefits of Economy Shipping?
As mentioned earlier, economy shipping is a popular shipping option for e-commerce businesses. It has many benefits compared to the drawbacks.
Here are some reasons to consider economy shipping.
1. It is the Most Affordable Shipping Solution
The primary benefit of economic shipping is that it's cheaper than other shipping methods and can help save money on shipping costs. It is the most cost effective shipping method if you are on a budget and a favorite for small and large parcels.
In addition, the price range of economy shipping can range from as little as $7 and includes a variety of collection, drop-off, and transit-covered options. This is cheaper than expedited shipping, which will cost $10 more than regular shipping fees.
2. Guarantees Consistency Of Delivery
Using economic shipping means you enjoy the consistency of your goods arriving at their destination within a specified time frame.
Whether you are shipping domestically to a remote area or internationally, you know where to get the delivery. You can always access full tracking to ensure you know where the parcel is, so you won't have to worry about delayed delivery.
At the same time, economy shipping ensures all items arrive on the agreed-upon time. Therefore, it is an excellent arrangement if you and your customers are not hurrying to receive the items.
3. Less Restrictive on Weight and Size
The economy shipping method is flexible compared to the other shipping methods in terms of bulk orders. It has less restrictive weight and size limits, which can benefit shipping large or heavy items.
Economy shipping method suits everyone who is not in a hurry to receive items that are not sensitive, such as gifts.
Sometimes you may struggle to ship bulky and irregularly shaped items. These cases usually increase the cost of domestic expedited delivery due to the bulkiness. With economy shipping, you can enjoy an excellent delivery of bulky methods without worrying about the cost.
While it is not as fast as standard or express shipping, it’s ideal for bulk shipping of up to 150 lbs, with your package arriving within 15 days.
4. More Environmental Sustainable Than Other Methods
Economy shipping is more environmentally friendly than other shipping methods because it involves consolidating shipments and using efficient transport methods. It helps in reducing the carbon footprint associated with shipping.
Moreover, the shipping method uses larger containers and transports more goods at once, which can reduce the carbon footprint. Since it ships high-volume goods, you will use less fuel to ship items.
5. Best Option for International Shipping
Shipping internationally differs from shipping domestically, with factors like tax, duty, and customs fees making international shipping more expensive.
Economic shipping is the best for international shipping because it allows you to operate in multiple countries for reduced shipping fees. Customers will likely explore economy shipping over other methods because it's more affordable for international shipping arrangements.
You can do economy shipping internationally if you keep a few things in mind.
First, since the package will spend some time in customs, transit time will be slightly longer than if you ship domestically. It'll take longer than using the same service to ship in the same state, taking up to 18 business days to deliver, depending on the destination.
Bottom Line
While an e-commerce business wants to offer customers the fastest delivery time frame, sometimes extending the time by a few days can save lots of money.
So, economy shipping can be an excellent solution for your shipping operations if you're still a startup business. It can help ensure you get a considerable profit margin for a start.
The best way is to list economy delivery as an option in an e-commerce site alongside other shipping methods. This allows customers to pick it as an option and save money without minding receiving the package a little late.