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. 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. It can be challenging, but it can be done.
Spocket is attempting to solve this problem. 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. We’ll help you figure out if Spocket is right for your business.
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 Spocket Inc
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.
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. 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.
You can find numerous suppliers on this platform. 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’re glad you are here to learn if Spocket is right for your business. To help you, let’s look into the key areas Spocket helps your business in the next section.
How can Spocket help you?
Spocket offers many features. 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.
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. 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.
Like any dropshipping platform, they allow you to customize the procedure. 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.
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. 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. About 60% of the suppliers are based in these regions. 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.
If your market is in these areas, however, you are 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.
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!
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 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 may not be what you expected. 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. Spocket may not allow you to do some things. 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’s 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. 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?
Sprocket currently offers four pricing plans: The Free Trial (Starter, Pro, or 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? 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. Those free 14 days can come in handy!
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. At $24.99, you can use 25 products from Spocket and email support.
This plan allows you to import up 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
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
- Profit margins of 30% to 60%
- Enables you to request product samples from potential suppliers.
- Most suppliers are located 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.
- Updated inventory levels.
- Offer real-time notification.
- 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 aren’t supported.
- 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. There are other options if your customers live elsewhere. Spocket Inc
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. Spocket Inc
Spocket is reliable and convenient, even if you consider all the other aspects. It has an easy-to-use 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 Spocket Inc
Are there 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 subscription?
It is possible to cancel your subscription at any time. There are no monthly contracts when you subscribe to Spocket.