The demand for fast and versatile shipping options has led to a shortage of 51,000 truck drivers. More businesses than ever are transitioning away from brick-and-mortar stores. Instead, they’re selling their inventory online.
Whether your business is small or large, at home or nationwide, it’s likely that you rely on delivery services to get your products to your customers.
If you always opt for standard delivery options without considering the alternatives, it could cost you money. Expedited shipping is a delivery option that should be in the arsenal of every business.
But what is expedited shipping, and what are its benefits? We’ll cover that and more in this comprehensive guide.
1. What is Expedited Shipping?
To expedite something is to make something faster. When we talk about expedited shipping, we’re talking about a delivery service that is faster than a standard delivery. The standard time delivery of most delivery services varies from around 5 to 10 business days.
Expedited shipping can be confusing because most delivery services have their own names for this service. Same-day delivery, next-day delivery, and express delivery are all types of expedited shipping.
No matter who delivers your packages, you can expect their expedited shipping options to be a faster alternative than their standard offerings. But of course, the increased pace and convenience comes at a higher price.
2. When Should You Use Expedited Shipping?
Now that we’ve cleared up what expedited shipping is, you’re wondering why you’d ever use it. That depends on the needs of your business and your customers. It’s not cost-effective to always use expedited shipping, but it can save you a headache in certain situations.
Many retailers have delivery windows. If you miss the delivery window you can expect to pay a fine and receive a charge-back on a portion of the order. When you realize you’re running late on an order, expedited shipping can get the product to the retailer in time, avoiding this fine.
Expediting your packages is often safer than standard delivery. Are you shipping an expensive item? When you choose expedited shipping, your package is on the road for less time and for fewer hand-offs, meaning it’s less likely to be damaged, lost, or stolen.
Sometimes a client or customer may be in a time-sensitive situation, where they need your product right away. This might be a hospital or medical facility experiencing a shortage. It could also be a manufacturer in need of a critical device to continue normal operations.
No matter what you’re selling, you should always offer your customer the choice of expedited shipping. More customers than ever are looking for fast, same-day delivery options. To be competitive in this cutthroat market, every retail business needs expedited shipping.
3. How Fast is Expedited Shipping?
The delivery timeframe for expedited shipping varies by company. You can expect most providers to deliver the item within two to three days, which is several days faster than standard shipping services. If the item isn’t already in the warehouse of your delivery provider, same-day delivery isn’t likely.
To see which expedited shipping options are available, most delivery services offer automated quotes to help you come to the most economical decision.
And just like standard shipping services, providers offer expedited tracking. In fact, when a delivery is expedited, many delivery services make an effort to update the status of your package the moment it’s delivered. If you’ve splurged on expedited shipping, they know you have a vested interest in the shipment being delivered on time.
4. What Are the Benefits of Expedited Shipping?
Nowadays, offering expedited shipping is no longer a pleasant perk. It’s a necessity to remain competitive in the market. Amazon has understood this most of all. It is creating fulfillment centers across the country to increase its shipping coverage.
To stay competitive against Amazon and other massive companies, it’s in your best interest to rely on third-party delivery companies and their own robust shipping lines.
Why do customers even want expedited shipping anyway? Can’t they just wait for the package? The reality is they could — but if someone else offers a similar product without the wait, it’s likely they’ll jump ship to a competitor.
When you offer expedited shipping to your customers, you’ll increase your customer loyalty. Believe it or not, customers know how difficult it is for stores to ship their products quickly and efficiently. The faster you get it in their hands, the more impressed they’ll be.
This will improve the metrics and ratings for your business and will also earn you loyal customers that return to your storefront often.
Few customers are simply impatient. The reality is they truly might need something as fast as possible, such as a new outfit for a spur-of-the-moment interview or pictures for an unexpected house-staging. If you don’t offer expedited shipping, you’ll be losing out on customers that need a last-minute item.
Stay Competitive With Expedited Shipping
What is expedited shipping for your business? It can mean the difference between eking out a profit or having to throw in the towel. We know how important punctual and efficient delivery is to the success of your business.
By plane, freight, or truck, our expedited shipping services are guaranteed to get your packages to their destination on time. Take a look at our varied shipping services to see which one is right for you and your business. And with our app, staying up-to-date on your deliveries has never been easier.