Round it up to the nearest dollar and that’s your price. This is a hugely attractive option for online shoppers and will boost sales!Īs for how to set the rate itself? Simply take your average monthly shipping costs and divide it by your average number of monthly orders. This cuts time and costs on the eCommerce store’s behalf, while still protecting profits.Īnother option is to use a flat rate shipping price for same-day delivery. Using this plan will take into account the cost of the space the packages take up in the delivery vehicles. Of course, you can offer one rate for all packages, but it might make more sense to have a more individualized plan.įor example, the weight of the package might be removed from shipping estimates but the size of the package isn’t. While the basic idea of flat rate shipping is that which is found above, that doesn’t mean there isn’t room for variation. If fewer orders are abandoned, and less time is spent calculating shipping costs, that means more orders, more time, and – best of all – more money! How to Set Your Own Flat Rate Shipping Price Knowing that a large number of customers abandon their orders after seeing high shipping costs, flat rate shipping could be the way to keep those customers and orders. Hence, it can be a very popular option with online shoppers and eCommerce stores! This takes away the need for awkward and time-consuming calculations to be made for each package. Put simply, flat rate shipping is a simplified shipping plan where all packages regardless of size, weight, or destination cost the same to ship. So, what can eCommerce stores do to solve this problem? Read on to find out! What is Flat Rate Shipping? New research has shown that 28% of customers have cancelled a purchase when presented with unexpected shipping costs.
What’s the most common reason for online shoppers abandoning their purchase from eCommerce stores at checkout? That’s right, shipping costs.
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