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. But suppose you want to optimize your 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.
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’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! Check out this video by Knowledge by Marcus on YouTube – they also delve into Spocket’s features. Spocket is a great tool for sharing information.
If you prefer to read, let’s get to it!
Let’s take a look at Spocket before we get into the many features. Spocket was launched in 2017 as a dropshipping platform. Spocket is a dropshipping platform that was launched in 2017.
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. Moreover, it can help you cut down your shipment’s ETA.
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. 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. While their services may vary depending on which plan you choose, the starter pack will help you get started 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.
Virtually everything is being 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. That means your pricing, checkout, fulfillment, and even shipping are all automated!
It is a core function and perhaps the most prominent feature of their products. Why? Because it’s the feature that will make or break your business.
Like any dropshipping platform, they allow you to customize the procedure. Everything is made easy. 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. 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 has a dashboard that allows you to order your products with only a few steps.
Moreover, they have a growing product database. This platform allows you to sell a wide range of products. But, they’ve mentioned that they’re still planning to expand. You won’t have any trouble finding what your looking for because everything is categorized.
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. You can still ship them overseas, but shipping and fulfillment might not go smoothly.
If your market is in these areas, however, you are 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. 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. 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!
First, if you plan to become a supplier on this platform, you have to establish yourself as one. Only legal companies are allowed to 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 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.
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 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.
Even if you have everything you need with Spocket to run your dropshipping business, some entrepreneurs want to kick things up a notch. 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. These are some of the platforms you can integrate.
- KMO Shops
What’s the Profit Margin?
Usually, drop shipping margins are at 15% to 45%. These rates are offered by many companies. 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
Are you unsure if Spocket is the right fit for your needs? 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. 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. You can use their 24/7 chat support and the AliExpress Dropshipping feature.
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.
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. 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. 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.
- Spocket offers a free 14-day trial.
- It can integrate seamlessly with other platforms
- Offers a 30% to 60% profit margin
- 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.
- 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 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.
Spocket is right for you? – The Final Verdict
Spocket is reliable and convenient, even if you consider all the other aspects. It has an easy-to-use interface. You have access to the tools you need to grow your business.
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.
Spocket is a great choice, especially for dropshipping. It can be integrated with other platforms, making everything easier for you.
Do you have bulk export options?
Yes. Export all orders to a CSV file. You can upload it to your preferred shipping platform.
Do orders go straight to my Spocket account?
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.