How to Manage Your Finances When Sending Packages Abroad

Thanks to technology, it’s now easier than ever to expand your business internationally. However, one thing it doesn’t necessarily help with is the shipping costs involved.

Sending parcels abroad can work out quite expensive; especially if you make a mistake and you don’t familiarise yourself with the various rules and regulations involved. Here we’ll look at the best ways to manage your finances when sending packages abroad.

Focus on smart packaging

Did you know a lot of the costs involved incur due to the size of the parcel? Many businesses use far more packaging than they actually need and this can boost the costs up significantly. Always try to use the smallest amount of packaging needed, while still ensuring the goods are protected.

Pay attention to customs

Customs are a big factor to consider. If you don’t pay attention to customs regulations, you could end up not only paying more, but your parcel could end up drastically delayed. Ensure all paperwork is fully completed as this tells the authorities what is being shipped, how much it’s worth, and why the goods are being sent.

Also, keep in mind that when you send parcels abroad to countries such as the US, there will be a duty tax added at the point of entry. This means it isn’t always included in the courier quote.

Choose an affordable, reliable courier

Of course, the courier service you choose plays a huge part in how much you pay to send parcels abroad. It’s worth comparing different options and seeing which offer the best value for money. If you’re looking to send parcels to America, tends to have one of the best reputations and reasonable rates.

It’s really important to not just focus on cost here. While you obviously want to keep costs down as much as possible, you do need to ensure the courier is professional and reliable. There’s a lot of companies out there offering low prices but they don’t have the best track record for getting parcels where they need to be on time.

Overall, it can work out quite expensive sending parcels abroad. However, the tips above can help you to cut costs and better manage your budget. Above all else, be sure there aren’t any mistakes on your customs documents and that you are fully aware of the rules and regulations regarding imports in your chosen country.

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