4 Tips to Lower the Cost of Shipping Jewelry
Tuesday, February 19, 2019
By Jewelers Mutual Insurance Group
Shipping jewelry has been a source of frustration within the industry for many years. Even with the ease of the internet, there are plenty of times when it doesn’t seem any simpler.
It's time consuming to coordinate logistics and shipments can end up being delayed. Merchandise can also get damaged in transit — or worse, it can be stolen.
To top it all off, the cost of shipping isn't cheap, either. Even if you’re satisfied with the rates you’ve been paying, there’s a good chance you can bring your cost down further without sacrificing timeliness or insurance coverage.
Consider these four tips next time you want to lower the cost of shipping jewelry.
1. Try various carriers to maximize the cost of shipping jewelry
Don’t be afraid to try a different shipping carrier, you could be missing out on cost savings.
One carrier may offer the best rate today for a package that needs to arrive at its destination in two days and fits in a medium-sized box. However, another carrier could have better rates tomorrow to fulfill the same shipment. There are a lot of factors that go into determining the cost of shipping for a carrier, so it's worth shopping around.
2. Use sensible packaging materials
The adage was to always double-box merchandise and use an adult-sized shoe box as the outer packaging. Other insurers or carriers may have different recommendations, but Jewelers Mutual Insurance Group believes that there are more effective packaging options.
If merchandise is layered in two secure packages, you're just as well off. It's better to use a box of any size for the outer packaging, but a tear-resistant envelope will work with protective internal packaging, too.
Next, consider the value of your shipment. If you're sending $1,000 in merchandise, you might feel comfortable saving a bit on packaging materials. If the amount is $10,000, it's probably worth paying more for a sturdier option.
When it comes to labeling, there should never be anything identifying the shipment as containing jewelry or going to a jewelry business.
3. Don't require an adult signature (most of the time)
Carriers up-charge for an "adult" signature service, but how many minors do you know working at a jewelry business?
The exception to this rule is if you're sending to a residential address, such as a consumer or home-based business.
4. Take advantage of the latest AGS member benefit
In case you haven’t heard, AGS members now have access to deeper shipping discounts through JM Shipping Solution™!
If you haven’t used this platform yet, it lets you compare options from different carriers and directly insure your packages, which adds to the other cost-saving tips and makes them easier to implement.
Visit JewelersMutual.com/shipping to learn more and start lowering the cost of shipping jewelry today!