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.
That’s what Spocket is planning to solve. But how is it different from the 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! 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.
But if you prefer to read, then let’s get right to it!
A Brief Overview of Spocket Spocket Shopify
Let’s take a look at Spocket before we get into the many features. Spocket is a dropshipping platform launched In 2017. Spocket is a dropshipping platform that was launched in 2017.
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.
This platform allows you to find many suppliers. Spocket lets you request a sample to verify the product’s quality. 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 offers many features. 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. 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. 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. They make sure everything is streamlined. 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. They will send you an email notification so that you’re in the loop when the supplier has received your order.
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.
It can be hard to find the products that you want to market. If you sell multiple products, it can be frustrating to go through each one manually.
Spocket has a dashboard that allows you to order your products with only a few steps.
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. If your customers are mainly based in other areas, this may be one of its negative aspects. Although you can still ship them to other countries, your shipping processes and order fulfillment may not be smooth.
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.
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. 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 legal companies are allowed to sign up for this. Even if you’re one, it doesn’t necessarily mean that you have 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 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.
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.
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 is the profit margin?
Drop shipping margins can be anywhere from 15% to 45%. Numerous companies offer these rates. 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.
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.
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. 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. Spocket offers 24/7 chat support and AliExpress Dropshipping.
If you are looking to increase your sales, the Starter Plan may be a good choice. You can access 25 Spocket products and email support for $24.99
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.
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. This plan allows you to have as many as 10,000 premium, unique products. This plan is a huge leap from 250 and it’s why it costs $99.99. This option allows you to grow your business at a very high price.
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
- Enables you to request product samples from potential suppliers.
- Most suppliers are located 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.
- Inventory levels updated.
- Provide real-time notifications
- 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 can be limited. 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 an excellent platform for dropshipping businesses. 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 Shopify
Moreover, the integrations are limited. You might have trouble if you don’t use them. Otherwise, you might need to change a few things. Spocket Shopify
But considering everything else, Spocket is very convenient and reliable. 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. This means that anyone who has submitted an application can be trusted. To verify that the quality of suppliers is consistent with their claims, you can ask for samples.
Overall, Spocket is recommended, especially if you’re just starting with dropshipping. It can be integrated with other platforms, making everything easier for you.
FAQ Spocket Shopify
Are there 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.
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?
It is possible to cancel your subscription at any time. Spocket subscriptions are not subject to monthly contracts.