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.
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.
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 will examine its features, pricing, 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 Picture Of Rim Spocket On Chainsaw
Before we delve into Spocket’s many features, let’s first look at what exactly it is. 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 allows entrepreneurs to easily collect information with 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.
You can find numerous suppliers on this platform. 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. 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. We’ll now go over the highlights.
Virtually everything is being 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. 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? It’s the most important feature in your business.
They allow you to personalize the process, just like any dropshipping platform. They make sure everything is streamlined. 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. 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 allows you to set your profit rate. Spocket also offers a Mark-Up tool, which allows you to calculate your profit using certain metrics.
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 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. You won’t have any trouble finding what your looking for because everything is categorized.
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. 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. 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. That’s why Spocket has a challenging 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!
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. 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 need to make sure that you meet all of their requirements. They will verify your qualifications, pricing, quality, availability, and supplying capabilities. Although it is a long process, they will make sure that their market doesn’t sell any questionable 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.
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.
Even if you have everything you need with Spocket to run your dropshipping business, some entrepreneurs want to kick things up a notch. Spocket may not allow you to do some things. 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’s 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? Then you should start off with their 14-day free trial before you commit to a plan. It’s also a good option if you want to save on costs. 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. 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.
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.
There are also real-time inventory updates, tracking numbers, and global pricing rules. By the way, they also allow you to have branded invoicing.
If 250 imported products are still too small for your business, then the Empire plan might be perfect for you. 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: 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 free 14-day 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.
- Products are converted to your store’s currency.
- 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.
- Offer real-time notification.
- 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 can be limited. Some eCommerce platforms don’t support integration.
- Packaging and branding cannot be customized.
- Suppliers can only be contacted through Spocket.
- Taxes and duties from customs are not included in the final price.
Is Spocket 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. Picture Of Rim Spocket On Chainsaw
The integrations are also limited. If you’re not using those, you might end up having a hard time. You might have to make some changes. Picture Of Rim Spocket On Chainsaw
But considering everything else, Spocket is very convenient and reliable. 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. 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.
Overall, Spocket is recommended, especially if you’re just starting with dropshipping. Spocket can be integrated with other platforms to make dropshipping easier.
FAQ Picture Of Rim Spocket On Chainsaw
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 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. Spocket subscriptions are not subject to monthly contracts.