Understand Your Shipping Spend to Save Money with New Analytics
There are lots of factors to think about when running an e-commerce business, from streamlining workflows and processes to optimizing costs – especially when it comes to shipping. According to last year’s State of Shipping Report, 58% of e-commerce merchants said the cost of shipping was the biggest challenge for their business, and our recently published E-commerce & Shipping Benchmarks Report showed that the average percent spent on shipping across all major product categories rose by 10% this year.
We know how important it is for your business to buy labels at the best rates and we want to provide you with the accurate data and insights you need to help decrease your overall shipping costs.
We’re excited to introduce our newly improved Analytics page, giving you a personalized display of your shipping trends during a given period of time. Access to this information will help you easily view your shipping-related expenditures, so you can analyze your patterns and potentially discover ways to save money and maximize your workflows.
See what’s new:
Total Spend for Shipping-Related Transactions
The new Total Spend tab shows the sum of your shipping expenditures, including the total dollar amount and the total number of transactions within a selected time period. We want to provide in-depth details to help you better understand your spend within Shippo and inform your decisions around shipping.
In the Total Spend tab, you’ll see a breakdown of the following information:
- Net Label Spend
- Address Validation Fees
- Subscription Fees
- One Off Credit
- Promo Credit
Net Label Spend for Instant View of Purchased Labels
Net Label Spend provides an overview of the number of labels you’ve purchased within a given period of time, minus refunds. Compare your label purchase over time through a weekly, monthly, quarterly, or yearly view.
In addition, you can also compare the labels you’ve purchased by:
- Service Level
These new charts let you better analyze your shipping trends and patterns so that you can explore new ways to make your processes more efficient and potentially lessen shipping costs.
The new Analytics page is available to all Shippo users. Simply navigate to Analytics on the left-hand side to view all your historical and current data (keep in mind that the data presented is not real-time data – it is delayed by 24 hours). Head over to our help center for additional information and tips.
New to shipping? Sign up for a free Shippo account today, and experience how Shippo can be the end-to-end shipping solution for your business.
Here at Shippo, we’re dedicated to building and improving our product to empower all e-commerce businesses and equip our merchants with the tools they need to nurture and grow their businesses. This is just the beginning of many new and exciting features we continue to work on. Stay tuned for more updates coming soon!