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. Apart from that, you have to keep track of your orders, be consistent with your brand’s identity, and have a good 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. But how is it different from the other platforms? You’ll find all the information you need here. We will examine its features, pricing, 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. Spocket is a great tool for sharing information.
If you prefer to read, let’s get to it!
A Brief Overview of Spocket Spocket Stock
Before we delve into Spocket’s many features, let’s first look at what exactly it is. Spocket is a dropshipping platform launched In 2017. 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. 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. 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. We’ll now go over the highlights.
Almost everything is becoming digitized. Not only is that more convenient, but it also has 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 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.
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.
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.
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 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.
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.
If your market is in these areas, however, you are in luck. It’s possible that your customers are located near these 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. The product may look great in the picture, but it will be very different once the customer gets it. Spocket is a difficult 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 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.
Their team will go back and forth with you a lot of times. They need to make sure that you meet all of their requirements. They will verify your qualifications, pricing, quality, availability, and 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.
Get Product Samples
Buying in blind is risky, despite having a credible supplier. Sometimes, the products they sell are good, but just not what you were expecting. 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. 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?
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. You’ll earn more income every time you place an order as a retailer.
How Much Does it Cost?
Sprocket currently offers four pricing plans: The Free Trial (Starter, Pro, or Empire). Let’s take a look at the differences between each plan.
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. It’s also a good option if you want to save on costs. These 14-day free trials can be very useful!
The 14-day free trial allows you to use Spocket’s standard, pro, or enterprise 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. 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.
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 is the most expensive option, allowing you to expand your business.
Summary: The Pros and the 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 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.
- 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.
- Provide real-time notifications
- 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 is not always possible. Some eCommerce platforms aren’t supported.
- Packaging and branding cannot be customized.
- Spocket is the only way to contact suppliers.
- Taxes and duties from customs are not included in the final price.
Spocket is 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 Stock
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. Spocket Stock
But considering everything else, Spocket is very convenient and reliable. Not only that, it has a user-friendly 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. 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. Spocket can be integrated with other platforms to make dropshipping easier.
FAQ Spocket Stock
Are there bulk export options?
Yes. Export all orders to 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 be sent 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. There are no monthly contracts when you subscribe to Spocket.