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.
No matter what dropshipping model or business model you are using, it is important to ensure that you have enough resources to keep your business 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. But how is it different from the other platforms? You’ll find all the information you need here. We will examine its features, pricing, and pros and cons. Spocket may be right for you.
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!
Spocket: A brief overview How Much Is Spocket Dropshipping
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.
Although it is very popular in the USA and Europe, it can be used anywhere. This tool can be used by anyone from any country to help you grow your business. Moreover, it can help you cut down your shipment’s ETA.
But why is it so popular, and how different is it 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.
Not every platform is right for every business. We know you’re here to find out if it’s right for you. To help you, let’s look into the key areas Spocket helps your business in the next section.
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. For now, we’ll go over their highlights.
Almost everything is becoming digitized. This is not only more convenient but also leaves less room for error. Spocket offers automated services not just to help you with your sale but with almost every process along the way. 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.
Like any dropshipping platform, they allow you to customize the procedure. They make sure everything is streamlined. 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. 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 also allows you to define your standard 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. 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.
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. It’s possible that your customers are located near these fulfillment centers. You’ll be able to keep track of everything between your customers and suppliers while lessening the parcel’s ETA.
It can be frustrating to sell a product that doesn’t hold up to its quality. It may look nice in the photo but very different when the customer receives it. Spocket is a difficult process for suppliers.
It is not possible for everyone to just sell their products online. Merchants have to go through a process that can take a while. 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 legitimate companies can sign-up for this. If you are one, that doesn’t mean you already passed. There’s a lot of verification during the application.
They will be back and forth many times with you. They need to make sure that you meet all of their requirements. They will verify your qualifications, pricing, quality, availability, and 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. They also included a step to increase merchant security: product samples.
Get 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. Spocket makes it easy to request a sample from potential suppliers before you make big orders.
Spocket has everything you need to manage your dropshipping business. But, not all entrepreneurs want to take it to the next level. Some tools help you do certain things that may not be within Spocket’s cope. Or it could be you want to use an additional platform to support your business. Below are the platforms that you can integrate.
- KMO Shops
What is the profit margin?
Drop shipping margins can be anywhere from 15% to 45%. Numerous companies offer these rates. But if you’re looking to maximize your revenue, Spocket offers a 30% to 60% profit margin. 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? You can start with a 14-day trial to see if Spocket is right for you before you decide to buy a plan. It’s also a good option if you want to save on costs. 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. 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. You’ll also have access to 24/7 customer support and complete product orders.
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.
The Empire plan may be the right choice for you if 250 import products are too small for your company. You can have up to 10,000 unique and premium products through this plan. This plan is a huge leap from 250 and it’s why it costs $99.99. This option allows you to grow your business at a very high price.
Summary: Pros and Cons
Let’s now look at Spocket’s Pros and Cons and see if it’s the right platform for you dropshipping business.
- Spocket offers a 14-day free trial.
- It can integrate 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
- Through updated inventory management, it will help you sell discontinued products or out-of-stock items.
- Shipping outside Europe and the US can take more time and cost more
- 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 an excellent platform for dropshipping businesses. Spocket is ideal for European and American markets. If most of your customers are elsewhere, then there would be other options you can choose from. How Much Is Spocket Dropshipping
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. How Much Is Spocket Dropshipping
But considering everything else, Spocket is very convenient and reliable. Not only that, it has a user-friendly interface. It gives you access to all the tools that you need to grow your company.
Spocket’s best feature is their strictness with suppliers. This means that anyone who has submitted an 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.
Overall, Spocket is recommended, especially if you’re just starting with dropshipping. It can be integrated with other platforms, making everything easier for you.
FAQ How Much Is Spocket Dropshipping
Do you have bulk export options?
Yes. You can do this by exporting all your orders in 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 be sent 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.