Money Saving Tips Businesses Can Use to Cut Shipping Costs

I was wondering whether or not to start shipping coffee beans from a really good coffee roaster that I know. I haven’t worked out the shipping costs yet, so when this guest post came through, I read it eagerly for advice.

If you’re setting up an online store, I’d suggest working your way through this article, too.

Weather it’s a person selling on eBay or a business that runs a complex supply chain, shipping costs are a cause for concern because it can account for a large percentage of a business’s operational costs. While it’s impossible to cut out this expense completely, there are things that business owners, both small and large, can do to save on shipping costs.

Find a Company That Works With Small Businesses

While there are lots of shipping solutions out there, not all of them cater to small business owners. David Kiger’s profile, who is the CEO of Worldwide Express, talks about the need for small companies to find advanced freight and shipping options that will help them reach their goals.

This becomes even more helpful when small companies start trying to ship overseas. Advanced freight and shipping services help protect small businesses by keeping them informed about international shipping and customs laws that they might not have otherwise known.

Avoid Guesswork of Shipping Costs

Another problem that small companies have, especially for those that are just starting out, is that they never know how much shipping they will be doing. They don’t know the size, weight or the shipping cost.

Not knowing this information turns out to be an added expense later. The result is that companies often overpay for shipping because they aren’t really sure what the price should be. Removing the guesswork from the equation can save a lot of money.

Use Shipping Tools When Provided

Some companies try to figure out what shipping will be by themselves. However, many shipping solution providers offer free online tools that they can use to help determine the cost. These providers offer the tools because they want to draw in more business by being as helpful and upfront as possible.

Most of the online tools will help companies calculate their shipping costs for both international and domestic shipments. Other tools allow them to track shipments, print forms or even standardize addresses.

Watch Those Hidden Fees

When shipping internationally, there are a number of fees that companies might not be aware of and that end up hurting their businesses. For example, export compliance and proof of delivery all come at an added cost. Additionally, taxes and customs duties alone can often amount to nearly 30 percent of the total shipping fee on international shipments.

It’s important to know which party is responsible for paying these fees because it can affect the bottom line of a business.
While all of these tips are good, the only way for any of these tips to be helpful is to do the research to determine what the appropriate costs will be for the business’s shipping operations. Understanding these costs will help companies like yours more effectively manage the pricing, the budget, and profit margins.

How did you manage to control your shipping costs, especially with items that were unexpected by you or the client?

Useful Resources

Screencast: How the Shipping Cost Calculation Works in  your WordPress eStore

YoutubePayPal Shipping Calculator

Stock investment strategies: Can they make a difference?

Following The Stock Market Timeline Through The Great Recession

The past twelve years have made successful stock trading difficult and many stock investing strategies obsolete for most people: a quick look at the chart of the Dow Jones from 1998~2010 reveals only part of the reason why.

Let’s face it: It’s been a Roller Coaster Ride for most Stock Investment Strategies


Chart of the Dow Jones Industrial Average: 12 years

Summary 1998 ~ 2010

In January 2000, the market peaked and started sliding as the Dot Com Bubble came to an end in panicked selling as the air was sucked out of those stocks. But it wasn’t until the last quarter or 2001 when the Dow Jones hit its first of four troughs at around 8000 points that many stock investing strategies came undone.

In March 2003, we then saw a bull market that ran the stock market index from just south of 8000 to a peak of 14093 in October 2007, a rise of almost 75% or more. But of course, that represented a double top, indicating markets had nowhere to go but south.

Within 2 years, the market had headed south of 7000 as institutional sellers flooded the market with sell orders and found few buyers. Prices plummeted to a 12 year low before rebounding as the fear subsided, and confidence returned.

With 20-20 hindsight, those doing successful stock trading or stock investment strategies would have made a killing. Would have. Why didn’t we? In truth, volatile times make certain types of trading more profitable but wipes out portfolio values where more traditional buy and hold investing approaches hold sway.

For those investors tossed by the waves of uncertainty, buying high and selling low has only compounded the difficulties of their portfolio surviving the unsettling storms of the times.

A Personal Example of My Failed Stock Investment Strategies

During this twelve year stretch, my own portfolio invested soared to over $21,000 then dipped, then climbed again before falling back to only 1/3 of that amount. Right now, it’s treading water at a little more than 54% of its high point, and I’m sure that total performance has been much worse.

Many investors also saw their portfolio value in the money and on sale during these ten years, and it didn’t help a lot seeing the hard-earned savings disappearing in a puff of virtual smoke. I know. I’ve been there.

What’s your excuse?

And, like me, you’ve probably been either too busy or too scared to know what stock trading to do during these volatile times in the past ten years. Too busy because your career or profession precluded you from taking the time to really study your investment strategy; too scared because, if you were at all like me, you found out that stocks can really go to $0. Thanks, AtHome.

I’ve been writing about stocks, personal finance, and stock investment strategies for more than four years during this time, and I’ve tried to get a handle on the basics. That combined with extensive reading and owning my own business have helped me to focus on the real essentials of investing.

And yet…

… even now, I’m convinced that if you (I?) can manage successful trading stocks, then you will find that they are a rewarding part of your investments for the long term, whatever trading style you choose to adopt.

However, for many people, stock investment strategies are like a lottery: you buy a stock because you like the stock name, the product or the boss… but very often there is no real rational between the purchase of these stocks. In the end, it’s a lottery. But it needn’t be that way, if you know how to …

Choose your stock investment strategies

Broadly, stock trading strategies can be divided into those bought after a technical analysis of the stock and those purchased as the result of a fundamental analysis. So what’s the difference?

Fundamental analysis is usually based on analysis of historical and present data, with the aim of trying to determine both current and future value of the stock. Assessments of stocks using this means are a favorite of investors like Warren Buffett; and are often used to determine whether the actual or ‘intrinsic’ value of a company is currently undervalued or fairly-valued or over-valued.

As an example, looking at the chart above, you may determine that dow jones stocks were somewhat overvalued prior to 2008, but were on sale during much of 2008-9.

Technical analysis, on the other hand, looks at the future direction of stock prices through the study of past market data, especially pricing and volume. While there are many schools of thought, the general goal is to determine the direction and strength of a future stock price by looking for patterns in the stock price movements.

A quick look at the chart shows in 2007 a double top pattern, where the index twice reached a high of around 14000, and to technicians as a bearish signal in the market.

My Own Experience

Over the past twelve years, I’ve had some wonderful successes and abysmal failures in stock trading, all of which I will be happy to share with readers of Successful Stock Trading!

In time I learned from my many mistakes and became a better at stock trading. I also discovered other reasons why stock trading is such a great investment vehicle. One of the ones that occurred to me recently is that there is a…

The Stock Market Reaches Into Everyone’s Lives

Though there is risk in stock trading, “Yes, I do love the risk,” there are a few other things that I enjoy about trading as well, such as how the stock market seems to impact everything in our daily lives; and how everything in our daily lives seems to have an impact on the stock market.

Think about it…

…every day you spend money. Everyone spends money differently than the next person. And everyone spends it on different things. The one thing that unites our spending is…

…you guessed it, the stock market. So, next time you pull into a gas station or are at the check out line at the grocery store, think to yourself how your purchase will affect the stock market and how the stock market affects the product or service that you will be purchasing.

There is Risk

With each different type of trading, there is a different amount of risk. When you buy a stock long, you can only lose the money that you put in. There is a little bit more risk with selling short.

Buying Short and Selling Long

Even with that risk however, I have come to prefer (along with many others) short selling. There are two reasons why I prefer short selling. The first is that stocks can go down faster than they go up.

The second isn’t necessarily a preference to short selling. I just like to know that I have the option to make money when I think a stock is going to go down. And not just when its going to go up.

So, with buying short and selling long there is not much risk. However, with more advanced trading strategies you will encounter more risk. So, you should be comfortable with the basics before you dive in to these other methods of trading.

The other advanced forms of trading that you may want to check out when you master the basics include stock options and buying on margin.

Stocks, Options and Margin

Investing in stock options is a more advanced form of stock investment strategies. Individual investors issue options and other individual investors purchase them. The issuer is betting that a stock will do something and the purchaser is betting that it will do the opposite. This is a very lucrative investment strategy but one that takes lots of practice to master.

Finally, buying on margin. This is as simple as it sounds. Buying on margin is when your borrow money from your stock broker in order to purchase more stocks. If you borrow money elsewhere, say a bank or a friend, it’s pretty much the same thing. And it is just as risky. Of course, like with any time you take out a loan, you will want to get the best rate possible.

A Solid Investment Vehicle

Win the lottery and people will most kindly inform of all the ways that you could invest your money. There are many different legitimate investments, lots of stock investing strategies and not a few that are shady. But, I have come to find that stock trading can be one of the most rewarding and educational ones you could pursue.

Loans in Tough Times: Banks can make it just that much harder

Trying to apply for a loan in a tough economy can often be a challenge. People with bad credit reports and scores have difficult times in securing loans for small amounts. Banks simply do not trust certain people with poor credit history.

Less Formal Lending

Fortunately, there are some institutions and companies that are willing to provide loans without any major hassles and problems. Some companies can lend money by taking any form of collateral from burrowers. For example, a burrower that has an expensive home entertainment system can get a loan for placing such property security for a loan.

Similarly, a vehicle can be used as collateral for a loan that involves thousands of dollars. You can visit for more information on applying for a loan from alternative sources.

Easier to process

These days, loans can be given out online by filling out simple surveys. Loan companies ask potential borrowers a few quick questions. An automated system checks the official information of a client and then accepts or rejects a request for a loan.

Loans that are given out with personal property as collateral usually come with lower interest rates compared to some banks and credit unions. Anyone that has a car title can essentially apply for a quick loan that would be very difficult to obtain from local financial institutions.

Check the interest rate before you borrow, and don’t be seduced by the lowest tier rates. They are teaser rates, for good reason… you could end up paying much more.

Considerable Caveats

There are some considerable caveats that you should note when borrowing finance like this, however.

Firstly, your car (almost any car) is a depreciation asset. In other words, over time your car is becoming less valuable, not more valuable. Therefore, should you be forced to sell your car to repay the loan, it will be worth less than when you borrowed. Check your car resale value yourself so that you can determine how much it is worth, and how quickly the value is depreciation.

Secondly, if you are forced to sell the car to repay the loan, it is likely that the fire sale will reduce the sale value even more as you have to sell in a hurry. And if the company that owns the car title sells the car … well then, as long as they get their money back, they won’t worry too much about the excess value.

Thirdly, and as a consequence of the first point, your interest rate will be higher than a secured loan on a property that you own; because the value is on a depreciating asset, the total amount is lower in value, and therefore the profit margins for the lender will be lower too. You might not want to know this, but this will result in a higher interest rate, and bigger potential penalties for late payment, etc.

However, if you are stuck for short-term funding, and family & friends can’t, then this kind of loan might make a lot of sense, even though the cost & risk is much higher for you.

So cover your a$$ first

You need to make sure you can make the payments! Don’t repeat this kind of borrowing, the interest rates over long periods will skyrocket! And, NEVER EVER, roll the loan over or borrow another loan to repay this one.