There are several factors to consider when you’re running a dropshipping business. You always need to make sure your product has good quality and at the same time make sure that they can be delivered on time. Apart from that, you have to keep track of your orders, be consistent with your brand’s identity, and have a good marketing strategy.
Whatever dropshipping model you’re following, you need to be sure you have the right resources to keep everything up and running. But suppose you want to optimize your business. You will need to reduce your lead time and shipping times, and make sure your products are high quality. Although it may seem difficult, it is possible.
That’s what Spocket is planning to solve. But how is it different from the other platforms? You’ll find all the information you need here. We’ll look into its features, prices, and pros and cons. We’ll help you figure out if Spocket is right for your business.
Not an avid reader? We got you covered! Check out this video by Knowledge by Marcus on YouTube – they also delve into Spocket’s features. You’ll find all you need to know about Spocket here.
If you prefer to read, let’s get to it!
A Brief Overview of Spocket Best Spocket Products
Let’s take a look at Spocket before we get into the many features. Spocket was launched in 2017 as a dropshipping platform. It’s an all-in-one tool that can be used by drop shippers and eCommerce entrepreneurs.
It’s very popular in Europe and the USA, but that doesn’t limit its scope. Anyone from anywhere can use this tool to elevate your business. Moreover, it can help you cut down your shipment’s ETA.
It is popular because it is so different from other platforms.
Spocket helps entrepreneurs easily collect with their suppliers and customers. With a few clicks, they can sort their list of orders and send it to their fulfillment centers, which is one of the most complex and most complicated aspects of eCommerce.
This platform allows you to find many suppliers. Spocket lets you request a sample to verify the product’s quality. Some suppliers offer discounts if you purchase a certain amount.
However, not every platform is fit for every type of business. We know you’re here to find out if it’s right for you. Let’s take a look at the main areas Spocket can help your business in the next section.
How can Spocket help you?
Spocket has plenty of features available. Although their services vary depending on your chosen plan, the starter pack should help you get on track if you’re still starting with dropshipping.
We’ll look into the specific features you can use per pricing plan in the next section. We’ll now go over the highlights.
Virtually everything is being digitized. Not only is that more convenient, but it also has less room for error. Spocket provides automated services to assist you not only with your sale, but also with nearly every step of the process. This means that your pricing, checkout and fulfillment as well as shipping can all be automated.
It’s one of their core functions and possibly the most highlighted feature. Why? It’s the most important feature in your business.
They allow you to personalize the process, just like any dropshipping platform. Everything is made easy. Additionally, everything is automated, from order shipping, tracking, and coordinating the supplier’s location to the fulfillment center.
If you have a lot of orders, don’t worry about losing them. They will send you an email notification so that you’re in the loop when the supplier has received your order.
Customers are also notified when suppliers release orders, and they arrive at their door.
Spocket allows you to set your profit rate. They have a Mark-Up tool that helps you calculate your profit based on some metrics.
Finding the products you want to sell can be difficult, especially if you want to lessen the time browsing for the right one. It can also be annoying going through every one of them manually, especially if you’re selling multiple products.
Spocket offers a dashboard that makes it easy to order products in just a few clicks.
Moreover, they have a growing product database. This platform allows you to sell a wide range of products. They have stated that they are still looking to expand. Everything’s categorized, so you won’t have trouble finding what you’re looking for.
You should also note that the majority of their products are located in the US and Europe. These regions account for approximately 60% of suppliers. This could be a problem if your customers are mostly located in other regions. Although you can still ship them to other countries, your shipping processes and order fulfillment may not be smooth.
However, if your market is within these regions, you’re in luck. There’s a big chance that your customers live nearby those fulfillment centers. This will allow you to track everything between customers and suppliers, while reducing the parcel’s delivery time.
It can be frustrating to sell a product that doesn’t hold up to its quality. The product may look great in the picture, but it will be very different once the customer gets it. Spocket is a difficult process for suppliers.
Not everyone can just market their products here. It can be a lengthy process for merchants. Spocket’s criteria don’t apply to you.
First, if you plan to become a supplier on this platform, you have to establish yourself as one. Only legitimate companies can sign-up for this. Even if you’re one, it doesn’t necessarily mean that you have passed. The application requires a lot more verification.
Their team will go back and forth with you a lot of times. They need to make sure that you meet all of their requirements. They will check your credentials, products’ pricing and quality, their availability, and your supplying capabilities. It’s a lengthy process, but that just means they make sure their marketplace isn’t selling dodgy products.
If you’re a merchant, this should help you feel more confident with their quality. But, they also added another step to make merchants feel more secure – product samples.
Buying in blind is risky, despite having a credible supplier. Sometimes, the products they sell are good, but just not what you were expecting. Before you commit to big orders, Spocket allows you to order a sample first from your potential supplier easily.
Spocket has everything you need to manage your dropshipping business. But, not all entrepreneurs want to take it to the next level. Spocket may not allow you to do some things. You may also want to integrate with another platform to help you run your business. Below are the platforms that you can integrate.
- KMO Shops
What is the profit margin?
Usually, drop shipping margins are at 15% to 45%. These rates are offered by many companies. But if you’re looking to maximize your revenue, Spocket offers a 30% to 60% profit margin. Every time you complete an order as a retailer, you’ll generate more income without having to increase your operational costs.
How Much Does it Cost?
Sprocket currently offers four pricing plans: The Free Trial (Starter, Pro, or Empire). Let’s take a look at the differences between each plan.
Not sure if Spocket is right for you? Then you should start off with their 14-day free trial before you commit to a plan. If you are looking to cut costs, it’s a great option. These 14-day free trials can be very useful!
Spocket offers a 14-day free trial that allows you to try their standard, enterprise, and pro features. Spocket offers 24/7 chat support and AliExpress Dropshipping.
If you are looking to increase your sales, the Starter Plan may be a good choice. You can access 25 Spocket products and email support for $24.99
One of the perks of using this plan is that it allows you to import up to 25 Spocket products. You’ll also have access to 24/7 customer support and complete product orders.
Upgrade to the Pro plan if you are looking to add more than 25 products to your online store. You can import up to 250 products into your eCommerce store for as low as $49.99.
There are also real-time inventory updates, tracking numbers, and global pricing rules. They also allow for branded invoices.
The Empire plan may be the right choice for you if 250 import products are too small for your company. This plan allows you to have as many as 10,000 premium, unique products. This plan is a huge leap from 250 and it’s why it costs $99.99. This is the most expensive option, allowing you to expand your business.
Summary: The Pros and the Cons
So with all that, let’s summarize Spocket’s Pros and Cons to identify if this platform is what you need for your dropshipping business.
- Spocket offers a free 14-day trial.
- It integrates seamlessly with other platforms
- Profit margins of 30% to 60%
- Enables you to request product samples from potential suppliers.
- Suppliers are mostly in Europe and the US.
- The products are converted into the currency of your store.
- Allows you to have your branded invoice.
- Supplier onboarding is rigorous and involves extensive background checks and verification.
- Inventory levels updated.
- Provide real-time notifications
- Helps you from selling discontinued or sold-out products through updated inventory management.
- Shipping to the USA and Europe can be more expensive and take longer.
- Integration is not always possible. Some eCommerce platforms don’t support integration.
- Product branding and packaging cannot be customized.
- Suppliers can only be contacted through Spocket.
- Taxes and duties from customs are not included in the final price.
Spocket is right for you? – The Final Verdict
Spocket is a good option if you’re looking for a platform for your dropshipping business. However, it’s perfect for you if your market is based in the US and Europe. If most of your customers are elsewhere, then there would be other options you can choose from. Best Spocket Products
Moreover, the integrations are limited. If you’re not using those, you might end up having a hard time. You might have to make some changes. Best Spocket Products
Spocket is reliable and convenient, even if you consider all the other aspects. It has an easy-to-use interface. You have access to the tools you need to grow your business.
The best part about Spocket is that they are strict with their suppliers. This means that anyone who has submitted an application can be trusted. To verify that the quality of suppliers is consistent with their claims, you can ask for samples.
Overall, Spocket is recommended, especially if you’re just starting with dropshipping. Spocket can be integrated with other platforms to make dropshipping easier.
FAQ Best Spocket Products
Are there bulk export options?
Yes. Export all orders to a CSV file. You can upload it to your preferred shipping platform.
Are Spocket orders sent directly to my Spocket account or do they go through the other channels?
Yes. They will go directly to your account. Spocket will send you an email notification every time your order comes in.
Can I cancel my Spocket account?
You can cancel it anytime you want. There are no monthly contracts when you subscribe to Spocket.