Today world’s largest cab company “Uber” does not own a single cab. World’s largest accommodation company “AirBNB” does not own a single hotel. Similarly lot of eCommerce companies don’t own any inventory and just operate as a marketplace. If you ever had a dream to start a eCommerce business this is the best time and drop-shipping platforms like Spocket can help you jump-start.
Spocket is a platform for “Dropshipping U.S & European products, Risk-Free”. If you didn’t understand that sentence, don’t worry. I will be breaking down this new trend in online marketing so that you too can get started.
There are 2 parts to this equation.
1. What is drop-shipping?
2. What is Spocket?
What is drop-shipping?
Drop-shipping was started to solve a basic problem of retailers: storage and shipment.
Imagine that you want to start an e-commerce store selling plastic flowers. You have two options when it comes to delivery.
- Order the products from the distributor after a purchase
While this may seem prudent, it will increase the time of delivery by 200%. If you’re sourcing from China and your client is in Canada, it will a month to reach you and another month to reach your customer. With wait times this long, you will never have a customer and definitely not a return customer.
- Store large orders of the products in bulk.
This will reduce delivery time by half. But storage costs are not cheap. And if the product fails, you’re stuck with dead weight making a hole in your wallet. And all this doesn’t take into account the cost of shipping!
The ideal solution is for everyone to do exactly what they are good at. Manufacturers are good at production and shipping, the retailer is good at selling and the customer, well, is good at buying (I guess). Suppose the manufacturer handled all the shipping, while the retailer only did the selling; The products would go straight from the factory to the customer. The retailer would get a percentage of the purchase. This drastically lowers the cost of doing business for all involved. And the best part, it reduces the cost for your customers.
With these advantages, drop-shipping has become a norm in the e-commerce markets of today.
Drop-shipping lets you set up shop without the additional overheads of rent, storage and transport. However, there is a catch. Distributors may take any time from 1 week to 2 months to deliver products. They wait for bulk shipment before shipping out. Which means that until they reach a large enough number of shipments, they are going to wait. This elastic timeline is not great for a customer and consequently, not great for you as a seller. So how does one solve this problem?
What is Spocket?
Spocket is an app for WooCommerce/Shopify that makes drop-shipping easier and risk-free. They boast of reduced delivery times and better products that are sourced from the US and European countries.
The best part is you can try out the products before selling. Request a sample and they will send it over for your approval.
Saba Mohebpour, CEO & Founder of Spocket, asks this question –
Why drop-shipping with Spocket, while you can drop-ship Chinese products using AliExpress and Alibaba?
US & Europe is where you can make more money drop shipping. He goes on to explain that there are 2 main reasons for doing so –
- Delivery times to US & Europe are much shorter; approximately 5-12 days.
- Products are unique and of a better quality which means you can charge more for them.
Basically, Spocket takes care of the entire process of drop-shipping good-quality, unique products to anywhere in the world, leaving you with more time to sell without worrying about process and operations.
What are the damages to my wallet?
Spocket is an app developed for e-commerce platforms. At the moment, it is supported on WooCommerce and Shopify. WooCommerce is a free plugin for WordPress.
The basic Shopify plan is $29 a month or $ 350 a year. This may seem expensive, but you get the whole shebang.
– Online store and website (which means you don’t have to host your own)
– Unlimited products
– 24/7 support
– Multiple sales channels and more.
Once your e-commerce store and website is set up, head on over the Spocket website to get the latest version up and running.
The forever free plan of Spocket comes with –
– 25 products
– unlimited orders
– Real-time Inventory Update
– Currency Exchange
– Global Pricing Rules
– Shipment Tracking Number
– Email support
To quote the CEO again –
“Spocket is the future and the best way to run your online commerce.”
Spocket has already caught on with many entrepreneurs. You can read about their successes on their website. Head on over to their website at spocket.co if you’re interested.
Opportunities for entrepreneurs abound in the online marketplace. Spocket makes it easy to convert opportunities into sales!