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. 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. 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. How is Spocket different from other platforms? Here, you’ll find all the answers you need. We’ll look into its features, prices, and pros and cons. Spocket may be right for you.
Not an avid reader? We got you covered! This video by Knowledge by Marcus on YouTube also explores Spocket’s features. Spocket is a great tool for sharing information.
But if you prefer to read, then let’s get right to it!
Spocket: A brief overview How To Set Up Your Spocket
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. It can also help reduce the time it takes to ship your order.
But why is it so popular, and how different is it 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. If you’re not sure about their quality, Spocket allows you to ask for a sample first to check the quality of the product. 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. 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.
Almost everything is becoming digitized. This is not only more convenient but also leaves 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 is a core function and perhaps the most prominent feature of their products. Why? It’s the most important feature in your business.
Like any dropshipping platform, they allow you to customize the procedure. 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.
Also, customers are updated and notified as soon as the suppliers release their orders until they are delivered to their doorstep.
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.
They also have an expanding product database. Currently, there are already a ton of different products you can sell through this platform. But, they’ve mentioned that they’re still planning 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. About 60% of the suppliers are based in these regions. This could be a problem if your customers are mostly located in other regions. You can still ship them overseas, but shipping and fulfillment might not go smoothly.
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.
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. That’s why Spocket has a challenging 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. 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 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. They also included a step to increase merchant security: product samples.
Get 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. 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. You may also want to integrate with another platform to help you run your business. These are some of the platforms 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. 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 take a look at the differences between each plan.
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. These 14-day free trials can be very useful!
The 14-day free trial allows you to use Spocket’s standard, pro, or enterprise features. You can use their 24/7 chat support and the AliExpress Dropshipping feature.
The Starter Plan might be a good option if you want to boost your sales. 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. Moreover, you’ll have 24/7 customer support and be subject to 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. By the way, they also allow you to have branded invoicing.
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. 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.
- 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.
- Products are converted to your store’s currency.
- Allows you to have your branded invoice.
- The onboarding process for suppliers is strict and requires a lot of verification and background check.
- Updated inventory levels.
- Offer real-time notification.
- Through updated inventory management, it will help you sell discontinued products or out-of-stock items.
- 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.
- Spocket is the only way to contact suppliers.
- The final price does not include taxes and duties from customs.
Is Spocket Right for You? – The Final Verdict
Spocket is a good option if you’re looking for a platform for your dropshipping business. Spocket is ideal for European and American markets. There are other options if your customers live elsewhere. How To Set Up Your Spocket
The integrations are also 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 To Set Up Your Spocket
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. 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. Spocket can be integrated with other platforms to make dropshipping easier.
FAQ How To Set Up Your Spocket
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 be sent directly to your account. Spocket will send you an email notification every time your order comes in.
Can I cancel my Spocket subscription?
You can cancel it anytime you want. Spocket subscriptions are not subject to monthly contracts.