Dropship Spocket What To Do When Item Is Low Stock

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Dropshipping is a business that requires you to be aware of many factors. 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. You must also keep track of all orders, adhere to your brand’s identity and develop a marketing strategy.

Whatever dropshipping model you’re following, you need to be sure you have the right resources to keep everything up and running. Let’s say you want to optimize the business. In that case, you need to lessen your lead and shipping times and ensure your products have excellent quality. It can be challenging, but it can be done.

Spocket is attempting to solve this problem. How is Spocket different from 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! This video by Knowledge by Marcus on YouTube also explores Spocket’s features. You’ll find all you need to know about Spocket here.

But if you prefer to read, then let’s get right to it!

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A Brief Overview of Spocket Dropship Spocket What To Do When Item Is Low Stock

Before we delve into Spocket’s many features, let’s first look at what exactly it is. Spocket is a dropshipping platform launched In 2017. 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. This tool can be used by anyone from any country to help you grow your business. It can also help reduce the time it takes to ship your order.

It is popular because it is so different from other platforms.

Spocket helps entrepreneurs easily collect with their suppliers and customers. They can quickly sort and send their orders to their fulfillment centers. This is the most difficult and complicated aspect of eCommerce.

This platform allows you to find many suppliers. Spocket lets you request a sample to verify the product’s quality. There are even discounts for some suppliers if you buy from them 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.

Dropship Spocket What To Do When Item Is Low Stock

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How can Spocket Help You?

Spocket has plenty of features available. While their services may vary depending on which plan you choose, the starter pack will help you get started 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.

Automated Services

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. That means your pricing, checkout, fulfillment, and even shipping are all automated!

It’s one of their core functions and possibly the most highlighted feature. Why? Because it’s the feature that will make or break your business.

They allow you to personalize the process, just like any dropshipping platform. Everything is made easy. Everything is also automated, including order shipping, tracking and coordination of the supplier’s location to fulfillment center.

If you have a lot of orders, don’t worry about losing them. You will receive an email notification from them when your order has been received by the supplier.

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.

Cataloged Products

It can be hard to find the products that you want to market. It can also be annoying going through every one of them manually, especially if you’re selling multiple products.

Spocket has a dashboard that allows you to order your products with only a few steps.

They also have an expanding product database. Currently, there are already a ton of different products you can sell through this platform. 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.

However, you should note that most of their products are within the US or 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.

If your market is in these areas, however, you are in luck. There’s a big chance that your customers live nearby those fulfillment centers. You’ll be able to keep track of everything between your customers and suppliers while lessening the parcel’s ETA.

Qualified Suppliers

Selling a product that isn’t up to standard can be frustrating. 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. So, if you don’t qualify with Spocket’s standards, then you’re out!

You must first establish yourself as a supplier to this platform. Only legal companies are allowed to 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.

They will be back and forth many times with you. They will need to ensure that you fulfill all their requirements. They will check your credentials, products’ pricing and quality, their availability, and your supplying capabilities. Although it is a long process, they will make sure that their market doesn’t sell any questionable products.

If you’re a merchant, this should help you feel more confident with their quality. They also included a step to increase merchant security: product samples.

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Product Samples

Even if you have a reliable supplier, buying in blind can be dangerous. 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.

Integrations

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. Or it could be you want to use an additional platform to support your business. These are some of the platforms you can integrate.

  • Shopify
  • Alibaba
  • Wix
  • KMO Shops
  • BigCommerce
  • WooCommerce
  • AliExpress
  • Squarespace
  • Felex
  • Square
  • Ecwid

What is the profit margin?

Drop shipping margins can be anywhere from 15% to 45%. Numerous companies offer these rates. Spocket has a 30%-60% profit margin if you want to maximize your revenue. You’ll earn more income every time you place an order as a retailer.

What is the cost?

Currently, Sprocket offers four pricing plans – The Free Trial, Starter, Pro, and Empire. Let’s look at each of their differences.

Try it Free of Charge

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. Those free 14 days can come in handy!

The 14-day free trial allows you to use Spocket’s standard, pro, or enterprise features. Spocket offers 24/7 chat support and AliExpress Dropshipping.

Starter

If you are looking to increase your sales, the Starter Plan may be a good choice. At $24.99, you can use 25 products from Spocket and email support.

One of the perks of using this plan is that it allows you to import up to 25 Spocket products. Moreover, you’ll have 24/7 customer support and be subject to complete product orders.

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Pro

If you want to sell beyond 25 products to your eCommerce store, you should upgrade to the Pro plan. At $49.99, you’ll have more access to exclusive deals, premium products, and up to 250 products to import into your store.

You can also get real-time inventory updates and tracking numbers. There are also global pricing rules. They also allow for branded invoices.

Empire

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. It’s a giant leap from 250, which is why it’s priced at $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.

Pros

  • Spocket offers a 14-day free trial.
  • It integrates seamlessly with other platforms
  • Profit margins of 30% to 60%
  • This allows you to request samples of product from potential suppliers.
  • Most suppliers are located in Europe and the US.
  • The products are converted into the currency of your store.
  • You can have your own branded invoice
  • The onboarding process for suppliers is strict and requires a lot of verification and background check.
  • Inventory levels updated.
  • Provide real-time notifications
  • Through updated inventory management, it will help you sell discontinued products or out-of-stock items.

Cons

  • Shipping to the USA and Europe can be more expensive and take longer.
  • Integration can be limited. Some eCommerce platforms don’t support integration.
  • Product branding and packaging cannot be customized.
  • Spocket is the only way to contact suppliers.
  • The final price does not include taxes and duties from customs.

Spocket is right for you? – The Final Verdict

Spocket is an excellent platform for dropshipping businesses. 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. Dropship Spocket What To Do When Item Is Low Stock

Moreover, the integrations are limited. If you’re not using those, you might end up having a hard time. Otherwise, you might need to change a few things. Dropship Spocket What To Do When Item Is Low Stock

But considering everything else, Spocket is very convenient and reliable. It has an easy-to-use interface. It gives you access to all the tools that you need to grow your company.

The best part about Spocket is that they are strict with their suppliers. That means everyone who passed the application can be trusted. Apart from that, you can also ask for suppliers’ samples to make sure their quality is up to par with what they claim.

Spocket is a great choice, especially for dropshipping. It can be integrated with other platforms, making everything easier for you.

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FAQ Dropship Spocket What To Do When Item Is Low Stock

Do you have bulk export options?

Yes. Export all orders to a CSV file. It can be uploaded to your preferred shipping platform.

Do orders go straight to my Spocket account?

Yes. They will go directly to your account. Every time an order is received by Spocket, you will receive an email notification.

Can I cancel my Spocket account?

It is possible to cancel your subscription at any time. Spocket subscriptions are not subject to monthly contracts.

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