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. 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. 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? You’ll find all the information you need here. 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. You’ll find all you need to know about Spocket here.
But if you prefer to read, then let’s get right to it!
Spocket: A brief overview List Of Spocket Tems
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.
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. Some suppliers offer discounts if you purchase 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. 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.
In the next section, we’ll discuss the features that you can use for each pricing plan. 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 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. Everything is also automated, including order shipping, tracking and coordination of the supplier’s location to fulfillment center.
Don’t worry about losing track of them if you have tons of orders. 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. Spocket also offers a Mark-Up tool, which allows you to calculate your profit using certain 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.
However, you should note that most of their products are within the US or Europe. These regions account for approximately 60% of suppliers. If your customers are mainly based in other areas, this may be one of its negative aspects. 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. 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. It may look nice in the photo but very different when the customer receives it. That’s why Spocket has a challenging process for suppliers.
It is not possible for everyone to just sell their products online. It can be a lengthy process for merchants. Spocket’s criteria don’t apply to you.
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. 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. It’s a lengthy process, but that just means they make sure their marketplace isn’t selling dodgy products.
This should make you feel more confident about the quality of your products if you are a merchant. 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 may not be what you expected. 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. 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. 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%. These rates are offered by many companies. Spocket has a 30%-60% profit margin if you want to maximize your revenue. 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?
Currently, Sprocket offers four pricing plans – The Free Trial, Starter, Pro, and Empire. Let’s look at each of their differences.
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. If you are looking to cut costs, it’s a great option. Those free 14 days can come in handy!
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.
The Starter Plan might be a good option if you want to boost your sales. At $24.99, you can use 25 products from Spocket and email support.
This plan allows you to import up 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. At $49.99, you’ll have more access to exclusive deals, premium products, and up to 250 products to import into your store.
There are also real-time inventory updates, tracking numbers, and global pricing rules. They also allow for branded invoices.
If 250 imported products are still too small for your business, then the Empire plan might be perfect for you. 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 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 14-day free trial.
- It integrates seamlessly with other platforms
- Offers a 30% to 60% profit margin
- This allows you to request samples of product from potential suppliers.
- Suppliers are mostly 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.
- Shipping to the USA and Europe can be more expensive and take longer.
- Integration is not always possible. Some eCommerce platforms aren’t supported.
- 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 an excellent platform for dropshipping businesses. Spocket is ideal for European and American markets. There are other options if your customers live elsewhere. List Of Spocket Tems
Moreover, the integrations are limited. You might have trouble if you don’t use them. You might have to make some changes. List Of Spocket Tems
Spocket is reliable and convenient, even if you consider all the other aspects. Not only that, it has a user-friendly 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. 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.
FAQ List Of Spocket Tems
Do you have bulk export options?
Yes. Export all orders to a CSV file. It can be uploaded 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. Spocket will send you an email notification every time your order comes in.
Can I cancel my Spocket subscription?
It is possible to cancel your subscription at any time. There are no monthly contracts when you subscribe to Spocket.