71lbs Grows 800 Percent Securing Big Shipping Refunds for Small Businesses from 2 Billion in Unclaimed Refunds

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With a customer base growth of 800 percent since launching in 2012, 71lbs.com is quickly becoming known as the “Robin Hood for SMBs”. With an average of 50 new sign-ups per week recently, the technology firm helps small businesses save money on shipping by providing them with tens of thousands of dollars in late shipment refunds from UPS or FedEx.

save money on shipping, shipping refunds, small business, start-up

71lbs is a new technology firm helping SMBs save money on shipping by focusing on tracking their shipments and capitalizing on FedEx and UPS’ money-back guarantee system.

“While other companies offer small businesses ways to save money on shipping, only 71lbs focuses on tracking shipments and securing tens of thousands of dollars in monthly refunds for our customers,” said Jose Li, CEO and Founder of 71lbs.

71lbs is a new technology firm helping small and medium-sized businesses (SMBs) save money on shipping by focusing on tracking their shipments and capitalizing on FedEx and UPS’ money-back guarantee system. More than 80 percent of 71lbs’ customers were previously unaware of the FedEx and UPS’ policy guaranteeing that shipments will arrive on-time or costs will be reimbursed – and as a result – more than two billion dollars are unclaimed annually. 71lbs’ automated web-based process is easy to implement. SMBs simply input their FedEx or UPS login credentials into the 71lbs website, which tracks their shipments and automatically files claims when their shipments are late – and refunds are credited to the customer’s account. There is no upfront cost for 71lbs’ service – it is a no-risk, contingency – the company makes money by collecting a percentage of the UPS or FedEx refund it gets back for its customers.

“The week after we signed up - 71lbs gave us $700 in refunds and I looked like my company’s shipping hero,” said Alex Fuller, logistics manager of Durham Brands.

“While other companies offer small businesses ways to save money on shipping, only 71lbs focuses on tracking shipments and securing tens of thousands of dollars in monthly refunds for our customers,” said Jose Li, CEO and Founder of 71lbs. “We only make money if we save our customers money – there are no sign-up fees and no monthly fees. We have experienced outstanding growth as more SMBs take advantage of the $2 billion in shipping refunds which are left unclaimed every year. Only 71lbs looks beyond shipping to utilize shipping insights which provide our customers with instant savings.”

“We had no time to monitor our late shipments,” said Mike Levi, director of operations for Vistar Corp. “Using 71lbs is like having an insurance policy without paying a premium. I only wished we would have signed up sooner.”

71lbs’ CEO and Founder Jose Li has 15 years of experience in the shipping, logistics, and e-commerce industry, including six years running FedEx’s retail and ecommerce practice. He started 71lbs to help democratize shipping and logistics for small businesses believing SMBs should have access to the same tools and resources as Fortune 500 companies. 71lbs’ technology enables SMBs to save money on shipping and become as efficient as their Fortune 500 counterparts. Averaging 50 new customer sign-ups per week, with additional shipping technology products in its pipeline for 2013, 71lbs is backed by leading investors including Chicago-based The Pritzker Group, OCA Ventures and Techstars Chicago.

Visit http://www.71lbs.com for more information.

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