Resources to Grow Your Online Store in the Digital Age – Become Your Own Influencer

Medallion Fulfillment - a Fulfillment Company

The phenomenal explosion of social media has given rise to a new occupation: online influencer. People with a knack for promotion and a keen understanding of their audience can make a six-figure income.

Isn’t your money better spent on partnering with a fulfillment warehouse that can help you maximize sales and offer a stellar customer experience? Use our valuable tips to become your own influencer and control the narrative that shapes your brand.

1. Know your audience.

Before you do anything else, define the audience you want to reach. This is the core around which you’ll build your overall strategy.

Don’t stop at basic demographic data such as age and gender. Take a deep dive into who these people are and what motivates them. Where do they live? What are their interests? What are their preferred channels of communication? There are a number of analytics tools that allow you to gather this information.

2. Leverage your social media platforms.

Social media is not passive. It’s intended to create a connection between people who might otherwise not have the opportunity to interact. Boost engagement with followers through these tried-and-true methods:

• Post colorful, eye-catching pictures
• Share quirky videos that have the potential to go viral
• Include hashtags
• Conduct giveaways
• Incorporate user-generated content

3. Make content relevant.

This is where steps 1 and 2 intersect. The most professional, well-crafted content is all for nothing if it holds no interest for your audience. Target marketing, where you craft a program to reach your most likely consumers, is more successful and cost-effective than traditional mass marketing, which is the generic, “throw everything against a wall and see what sticks” method.

As an example, you probably wouldn’t get any results posting retirement-related content for a target audience of twenty-somethings. Many sellers use their customer data to build buyer personas that represent their ideal customers. This technique helps to humanize your audience and determine what content would be most appealing to them.

4. Follow a consistent schedule.

Random postings come off as an afterthought. When you follow a specific schedule, people will become accustomed to the rhythm and look forward to your posts. It also helps you get in the habit of planning your topics.

There’s another compelling reason to create a social media schedule. Instagram and many other platforms give preference to accounts that post on a regular basis.

5. Team up with a complimentary brand.

Cross-promotion is a great way to tap into an audience you may not be currently reaching. Look for a brand that appeals to a similar customer but is not a direct competitor. Activities can include anything from links and guest blog posts to co-sponsoring contests and giveaways.

Burger King is a high-profile example of a successful cross-promotion strategy. The fast-food chain has marketed tie-ins with a wide range of movies and TV shows, most notably The Simpsons and a number of Disney films.

6. Follow other influencers.

There’s no need to reinvent the wheel. It always helps to learn from the best. Follow some of the top influencers and pay attention to what they do. How often do they post? How do they interact with their audience? Also note what kind of posts generate the most response from followers.

Build Your Brand with First-Class Fulfillment Warehouse Services

No matter how well you market your brand, it means nothing if you can’t follow through with excellent delivery and service. We offer scalable, customizable fulfillment warehouse services that can grow along with your business.

Contact Medallion Fulfillment & Logistics to learn more about our programs, including our Amazon replenishment warehousing service.

New 2022 Rates for USPS, UPS, and FedEX

USPS Vehicle in New York City

Shipping in 2022 just got a tad more expensive starting as early as January 9, 2022. The United States Postal Service (USPS), United Parcel Service (UPS), and FedEX have all announced new rates for 2022. We’ve summarized the highlights below and have linked to the various websites and announcements if you want to do a deep dive into package sizes and time sensitive shipping updates.

United States Postal Service (USPS)

Still awaiting final price approval, but scheduled to take effect on January 9, 2022, the USPS expects to raise prices about 3.1% for Priority Mail and Priority Mail Express. See all the details at the USPS website.

Shipping for domestic Priority Mail Flat Rate packages will be also higher. See the summary table with the expected updates below.

Product Current Changed
Small Flat-Rate Box $8.45 $9.45
Medium Flat-Rate Box $15.50 $16.10
Large Flat-Rate Box $21.90 $16.10
APO/FPO Large Flat-Rate Box $20.40 $20.00
Regular Flat-Rate Envelope $7.95 $8.95
Legal Flat-Rate Envelope $8.25 $9.25
Padded Flat-Rate Envelope $8.55 $9.65

Although USPS published increase is an average of 3.1%, Shipware.com predicts that most shippers instead will see a rate increase of 5 to 8%.

“The announced average price change for Priority Mail is 3.1%, however, most shippers will realize a 4.9% increase (1-5 lbs), while ecommerce prices will increase an average of 6-8%.” Read the full article to check your impact.

United Parcel Service (UPS)

Bucking the trend UPS’ price rate increase takes effect just after the Christmas holiday on December 26, 2021. The rate increase will be one of the largest in UPS’ history. Expect a 5.9% average rate increase plus a hefty Fuel Surcharge.

Large package shippers will get hit again with a higher than average rate increase. Shipware.com say, “The large package surcharge will increase within a range of 8% to 16.7% and the additional handling charge for weight and dimensions will increase from 5.2% to 13.9% depending on zone.” Read the full article to check your impact.

For regular shippers the Fuel Surcharge is added to your weekly shipping statement. UPS describes the surcharge:

“UPS uses an index-based surcharge that is adjusted weekly. Changes to the surcharge will be effective on Monday of each week. The surcharge will be based on the National U.S. Average On Highway Diesel Fuel Price as reported by the U.S. Energy Information Administration (EIA) for the week that is two weeks prior to the adjustment, rounded to the nearest cent.”

The posted sample grid show a surcharge of 9.2% to 12.75% on the UPS website page for reference Your shipping may also be affected by Peak Surcharges for shipping into the US from overseas. View the table. Visit the Shipware.com website for a good summary of all the rate increases for UPS to get a high level overview.

FedEX

FedEx will increase shipping prices on January 3, 2022. A whopping 5.9% average increase is expected. with Fuel Surcharge increases to be factored in as well. This is the largest increase for FedEx in eight years. Most shippers will feel more than a 5.9% impact.

Additional information from the FedEx website show additional increases that will impact shipping costs in January.

• Effective Jan. 17, 2022, FedEx Freight will introduce a No Shipment Tendered surcharge that applies when a pickup is performed and no shipment is tendered to the carrier.

• Effective Jan. 17, 2022, the International Out-of-Delivery-Area Surcharge and International Out-of-Pickup-Area Surcharge rates will be determined based on the corresponding tier of the ZIP code, postal code, or city of the shipment’s origin and/or destination location for International Express Freight and Parcel services.

• Effective Jan. 17, 2022, a Delivery and Returns Surcharge will be assessed on packages that are delivered or returned using FedEx Ground Economy services.

• Effective Jan. 24, 2022, the Additional Handling Surcharge and Oversize Charge rates for U.S. Express Package Services and U.S. Ground Services will be determined based on the shipment’s zone”

You can read the full rate change notice on FedEx for more information. Or preview the rates now in a PDF from the FedEx website.

Shipware.com says this about the FedEx rate increase: “This is the first time since 2013 that the average parcel increase is greater than 4.9%.” For a high level summary of the new FedEX rates read the full article.

Rates May Change, But Medallion’s Customer-Focused Service Does Not

Medallion Fulfillment & Logistics knows that increases in shipping costs squeeze your bottom-line. You want to get value from the services you receive and keep your customers happy and loyal. Medallion understands this as your 3PL service provider.

Rest assured we do all we can do to keep our costs low and our prices affordable to boost your bottom-line.

How to Choose the Right 3PL Partner for Your Business

Handshake to do business with Medallion Fulfillment & Logistics

The rise of eCommerce and virtual storefronts has made 3PL a popular buzzword. Is a 3PL the solution to your operational challenges? Here’s a look at what a 3PL can and can’t do and how to make the right choice for your business.

What Is a 3PL?

Simply put, a third-party logistics company, commonly referred to as a 3PL, handles a wide range of services that make up the supply chain. This generally includes operational functions before and after the sale, such as warehousing, transportation and order fulfillment.

A business can outsource their entire operational “department” to a 3PL or engage the 3PL only for specific functions. According to a study by research and consulting firm Armstrong & Associates, Inc., as much as 86 percent of domestic Fortune 500 companies use a 3PL for an average of just under three different services.

Why Use a 3PL for Shipping and Fulfillment

• When you turn operations over to a 3PL, it frees you up to focus on sales, which is the lifeblood of your business.

• Money you don’t spend on warehouse space and staff can be invested in other areas of your company. In addition, 3PLs can negotiate much better rates with freight carriers than you can as a small or mid-size independent retailer.

• With same-day and next-day shipping becoming the norm rather than the exception, a 3PL’s expanded distribution network allows you to meet customer delivery expectations.

• While the 3PL handles shipping, you are still the face of the company and so retain control over your brand.

• You can leverage the locations of the 3PL warehouse to your benefit. For example, Medallion has an East Coast and a West Coast location – allowing for fast shipping nationwide when you store merchandise at both locations.

• Hiring a 3PL can be made easy when using the right partner. Even small businesses can benefit from using a 3PL partner such as Medallion Fulfillment – who has a special program for startups.

Tips for Choosing the Right 3PL Partner

1. How will you find the answer if you don’t know what the question is? Define your needs and expectations and how you will measure them. You’re sure to come across a few 3PLs that are perfectly fine providers, but if you’re not on the same page, a partnership is pointless.

2. Do some due diligence regarding potential 3PL providers. How long have they been in business? Are they financially stable? What does their performance over the last few years look like? If you commit to a 3PL and they suddenly go sideways, the whole bottom could drop out of your own business.

3. What is the 3PL’s reputation in the business community? Social media and online review sites make it easier than ever to get “word of mouth” reports on companies from a customer’s perspective. You can also solicit recommendations from your peers who may have experience with various 3PLs.

4. Does the 3PL demonstrate a willingness to address customer service issues? Some providers feel no responsibility to go outside the bounds of their specific duties. When a 3PL works with you to solve problems, that indicates desire to be a true partner.

5. Technology continues to progress at a rapid pace. Is the 3PL keeping up with current advancements, or are they content to hobble along on an outdated platform?

6. Where do you expect your company to be next year? In five or 10 years? Look for a 3PL provider that can scale along with you.

Coast-to-Coast Warehousing and Fulfillment Services

Medallion Fulfillment and Logistics has what it takes to be the right 3PL partner for your needs.

Whether you’re a small startup or a thriving eCommerce vendor, we have a program that fits your needs, including our innovative Amazon replenishment warehousing service.

Contact Medallion Fulfillment & Logistics to learn more our customized fulfillment options.

Amazon is Drawing Increased Attention as Antitrust Chatter Grows

In the world of online retailing, Amazon is the proverbial 800-pound gorilla. The one-time bookseller has become a global juggernaut, allowing consumers to shop for everything under the sun from the comfort of their own home.

With annual revenue approaching $400 billion, it may seem as though it’s Amazon’s world and we’re just living in it. Earlier this year, a group of independent-business organizations joined forces to take aim at monopolies, with Amazon at the dead center of their target.

Small Businesses Feel the Squeeze

Over the years, Congress has enacted various antitrust laws designed to maintain a level playing field. The purported goal of such legislation is to prevent monopolies and promote a competitive marketplace.

In reality, these laws are only as strong as their enforcement. Larger companies have the means to play Goliath to the smaller companies’ David. In 2020, Amazon alone spent approximately $18 million to lobby against stricter antitrust measures.

It may seem as though fighting the retail giants would be a tall enough order. Adding insult to injury, many small businesses feel that industry organizations such as National Retail Federation (NRF) pay lip service to the idea of equal representation while quietly favoring their largest members.

Standing Up for Market Equality

In a proactive effort to regain some equitable conditions, more than 20 trade and business groups formed a coalition under the name, “Small Business Rising.” Members include organizations such as the National Grocers Association (NGA), the American Booksellers Association (ABA) and Institute for Local Self-Reliance (ILSR), a vocal critic of Amazon’s dominance.

Small Business Rising announced their formation and goals in an April 2021 press release. Amazon was specifically cited by name several times, making it clear what the organization sees as one of their biggest obstacles. As Stacy Mitchell, ILSR co-director stated, “concentrated market power” is the toughest challenge facing today’s small business owner.

The organization’s objectives call on policymakers to do the following:

*Break up tech monopolies, such as Amazon, to prevent them from cornering the online market.

* Add teeth to antitrust laws by making them stronger and more enforceable.

* Put a stop to mega-mergers and set higher criteria for regular mergers.

In addition, Small Business Rising is leveraging the relationships local business owners have with power players in their respective hometowns. Members are organizing meetings, seeking out media coverage and waging letter-writing campaigns.

The Rich Get Richer

The unprecedented conditions of 2020 served to magnify the gap between Amazon and other e-commerce businesses. While COVID restrictions created a surge in online shopping, small online retailers faced corresponding supply chain and distribution difficulties, making it hard for them to accommodate demand.

On the other hand, Amazon was able to draw on its significant resources to weather the storm and emerge stronger than ever. The company spent a reported $4 billion on “incremental COVID-19-related costs,” enabling it to successfully adjust its processes and policies.

In the face of mounting criticism during the last few years, Amazon has tried to brand itself as a valuable ally to small businesses, especially with Amazon Marketplace, its third-party online sales platform. Companies have responded by pointing out how Amazon uses prohibitive fees and data access for competitive advantage.

Grow Your Online Business with Medallion Fulfillment & Logistics

Are Amazon’s arbitrary and restrictive fees and policies helping or hurting your e-commerce business? Medallion Fulfillment & Logistics works with you by offering a full assortment of services tailored to fit your needs.

Contact us to learn more about our flexible and cost-effective fulfillment solutions, including our innovative Amazon replenishment warehousing service.

The Technology Behind Successful Ecommerce Fulfillment

Fulfillment Warehouse

Online sales in the United States have more than surpassed expectations. In 2012, online sales hit a record $226 billion, and accounted for 7% of all total retail sales. Experts projected $327 billion by 2016, but they were wrong… Total online sales in 2016 were $394 billion! If your fulfillment company isn’t participating in the ecommerce segment, no doubt you know that you’re missing out on an exceptional opportunity!

In this article, I’ll focus on the technological capabilities a warehouse needs in order to implement an ecommerce fulfillment service. The article isn’t going to be about listing the pros and cons of the Top 10 software programs on the market, because I don’t know your current capabilities or strategic goals. Instead, I believe that the most productive approach is to breakdown the process to help you identify where you can improve your systems.

Let’s talk about process integration. Ecommerce clients will typically approach a fulfillment company with an established business infrastructure. Integration means adapting your systems to plug into those of your customer. The processes that are frequently affected are:

  • Order Capture & Management
  • Picking/Packing & Shipping
  • Synchronizing Order and Inventory Status
  • Visibility
  • Client & Customer Service

Order Capture & Management

There are more than 300 ecommerce shopping cart companies on the market. Your company needs to be technically capable of adapting to the wide variety of methodologies for communicating with those carts. Orders from carts need to be harvested on a regular basis, controlled to insure none are dropped or duplicated, and converted into a form that is compatible with your system.

I believe this area represents the greatest technical challenge for fulfillment companies in the ecommerce space. Your tool bag for interfacing with a client’s systems must include a wide array of technologies, including the ability to interact with flat files, Application Program Interfaces, Web Services, File Transfer Protocol, call center systems, and the occasional manual-order entry. IT resources to plan the implementation and support this process need to be broadly skilled and creative. Administrative resources that perform the daily-order harvesting routines need to be highly attentive to detail.

Picking/Packing & Shipping

This process is probably the most straightforward. Picking slips are generated, product is picked and boxed, and shipping labels are applied using traditional fulfillment methods. Although there may be special requirements for packing slip and box branding, those requirements don’t vary much from conventional fulfillment. It is essential to operate at a very fast past as ecommerce performance is measured in hours and the volume of orders is measured in thousands per day.

Synchronizing Order and Inventory Status

Ecommerce fulfillment requires that the client’s shopping cart has the most recent inventory and order status information. Your systems need to regularly communicate inventory availability to the cart to ensure that a client’s customer is made aware of out-of-stock situations before placing an order. Customers also need to be able to reference the shopping cart to find the status of their order. Process synchronization between your operation and that of your client is an absolute necessity.

Visibility

Ecommerce fulfillment is very fast moving! We used to joke that customers would press the “buy” button and run to the front door looking for the UPS truck! With Amazon’s latest experiments in same-day delivery, this joke is almost a reality. Given the speed of ecommerce, it’s important for your clients to be able to have a real-time window into your process and inventory. At a minimum, clients should be able to see orders and inventory in near real time. The leading-edge, ecommerce fulfillment companies have taken a more pro-active stance by publishing “alerts” when important events are happening in the fulfillment process. Alert examples might include: Product X is running low on inventory; a new shipment of stock has arrived; or a customer has returned an order.

Client & Customer Service

The fulfillment process is heavily impacted by fast-paced marketing and promotional decisions. Ecommerce client support typically requires a designated coordinator to represent the client’s requirements to the fulfillment organization and to coordinate program changes. The volume and minutiae of detail often warrant the implementation of “issue logging” and “project workflow” processes within the organization. Given the pace of the business, these processes are best automated.

Some clients, particularly the Entrepreneur and Offshore segments, may ask the fulfillment organization to manage customer support. This might involve call-center work, authorizing returns, handling the occasional complaint, and so on. These client groups often have too small a volume to outsource their work to large call center. Having an arsenal of exceptional customer-support tools, therefore, positions you to capitalize on a good revenue opportunity.

In summary, successful ecommerce fulfillment relies on solid technical foundations. Warehouses and 3PLs must understand that ecommerce clients have very different needs (and expectations) for the technical aptitude, agility and pace of their fulfillment partners.  To fully capitalize on the ecommerce segment, your fulfillment service must meet–and exceed–these requirements.