If you are an e-commerce shop owner, then you know that the secret to bigger profits is reduced costs. How can you cut the costs of your overhead without reducing quality for your customers? Here are three tips:
- Negotiate Fees from Your Credit Card Processing Company – Major credit companies like MasterCard and Visa are too massive to care if their fees cut into your profits, but the processing company that you use may be willing to work with you to keep you as a client. If you haven’t negotiated the fees recently or if you are currently searching for a processing company, compare fees to find the best rate. A company you have been doing business with for several years may be happy to give you a better rate to maintain your patronage.
- Ditch High-Risk Customers – Maybe you find that customers who ask too many questions in advance of making a purchase are more likely to return a product. You may start out by answering a question or two, but if a potential client keeps on pressing for more information, you could just respond that you can’t meet their needs. Let them bother someone else, so you don’t end up with a return or a negative review.
- Use the Right Suppliers – From the materials you need to make your product to packing supplies for shipping orders, be sure to work with the best companies. For example, Wholesale Packing Tape offers custom printed packing tape at great prices for e-commerce sites like yours. Contact us today at 760-652-9087, or you can request a quote from our tape experts via our website.