Creating a Shopify store could likely be the first thought that pops into your mind when you think about Dropshipping. An ongoing stream of customers with high-intent marketplaces offers an excellent opportunity to start sales and make the most of existing customers who visit large dot-com domains.
Most entrepreneurs begin with Amazon or eBay, but it might be beneficial for you to take a look at Walmart.
Walmart’s rapidly growing online Marketplace has generated $35.86 billion in revenue in the year before. Additionally, it was responsible for 6.7 percent of total US retail sales online. Walmart could comprise 7.1 percent of US online sales in the next few years. This implies that the utilization of Walmart as a means of marketing for dropshipping companies can generate substantial profit.
What is the process by which Walmart dropshipping functions? What are the benefits and drawbacks of dropping shipping in Walmart? What are the advantages and disadvantages of dropping shipping on the Walmart market? Is it worth it?
In this article, I’ll explain the possibilities dropping shipping on Walmart will result in success. How to dropship at Walmart and the best ways to help you create an impression on your experience on the Marketplace.
Does Walmart Allow Dropshipping?
Yes, you can dropship on Walmart in three ways:
- Become a Walmart Drop Ship Vendor
- Resell Walmart products on websites like Amazon as well as eBay
- Sell dropshipped products via Walmart’s Marketplace.
Why Dropship on Walmart?
Walmart is particularly beneficial for entrepreneurs operating on the internet. With Walmart, you have access to an established, trustworthy environment that provides high-quality goods, fast delivery times, and excellent customer service.
The most significant advantages of drop shipping at Walmart:
- Cost of operation is low: Walmart doesn’t have a price to set up the account or set up a store for selling items on its platform. You pay a fee for referrals every when you make a sale. Further details on the fee for referrals are in this article.
- Fast delivery: The logistics partners of Walmart can deliver goods directly to customers, offering delivery on the next day. Speedier delivery means satisfied customers, which will increase the likelihood of frequent purchases.
- Sell various items: Walmart has over 35 product categories you can sell within. Be sure that the item you’re selling isn’t within Walmart’s Prohibited Products list, which means you’re in good health.
- Easy to Start: Walmart drop shipping relieves the burden of branding and store design off your shoulders, meaning you can focus on developing the business you’d like to start.
Dropshipping at Walmart isn’t without its challenges. You’ll need to defeat many competitors to win customers’ loyalty.
In addition, there are some specific prices that you need to adhere to as Walmart is always striving to provide the lowest price possible to their customers.
But, a massive amount of customers and affordable operating costs can assist in overcoming the obstacles that new entrepreneurs have to face, as well as smaller businesses.
Who Is a Walmart Drop Ship Vendor?
Walmart marketplace. The phrase “drop-ship vendor” is, an individual supplier or manufacturer that stores their merchandise within their warehouses. After buying the items via Walmart’s Marketplace, they deliver them directly to customers.
Walmart has strict guidelines regarding the type of companies classified as suppliers. You may need to revise your application to comply with the company’s demands. For instance, Walmart requires those applying for DSV to satisfy the following criteria:
- A corporate address
- A clear legal identity (sole proprietor, corporation, etc. )
- DUNS number
- Complete the necessary insurance documents for your business
- A global location number
- Absolute security of the product as well as compliance testing
Please note that DSVs, affiliated with Walmart, deliver their goods directly to their customers, whereas regular Walmart suppliers have their interests via Walmart shops.
How to Dropship on Walmart
1. Locate Suppliers for Your Business
The first step is to do. Find the suppliers of the items you’d like to market.
Platforms like Oberlo are great ways to locate dropshipping companies for different items. There are vendors of women’s clothes, jewelry, accessories, garden and home games and toys, and many other categories.
Warehouses and fulfillment centers throughout the US are the most suitable option for Walmart dropshipping since they can provide products quicker.
Products you’ll be dropshipping. When deciding on which supplier to work with, consider their customer service and understanding of the products they sell. Suppliers with the highest satisfaction ratings and who has a long track record of selling their effects on the market are a great bet. Also, look into whether they’re willing to supply you with samples so you can test whether they’re of high quality. For more information, read the following guideline: Six Top Dropshipping Companies and How To Choose the Best One.
2. Register to Sell on Walmart
Whatever Walmart dropshipping method you choose, you’ll have to apply to your first dropshipping sale through Walmart.
Visit the Walmart Marketplace page to begin your application. Select”Request to Sell” and click on”Request To Sell.” Click on the “Request to Sell” option, and you’ll be presented with an application form that you need to fill out. Enter:
- Your business tax ID (SSN isn’t applicable)
- W8 (or W9) along with the EIN acknowledgment letter
- Your business address or the address of your company
- Planned catalog integration methods (e.g., API)
- Categories of primary products (e.g., size of catalog)
3. Complete Onboarding
If your submission is approved, Walmart will send you an email with a link to sign up. The link will bring you through the onboarding process when you click the link. To finish the process of onboarding, you’ll have to
- Set up an account by entering the details of your business and your address, and your bank account details.
- Accept the retainer agreement, which is a deal to retainers from Walmart.
- Complete tax forms.
- Fill out the form by providing your payment and shipping address details. Two payment options are available are Hyperwallet and Payoneer.
- Items to set up for uploading inventory
- Complete the Walmart Partner Profile. It is a complete listing of information that customers will see. It also includes details such as your business’s name and description, logo, and company guidelines.
4. Fulfill Orders
Walmart offers a 2-day delivery service that allows sellers to enhance customers’ experience.
It can be challenging to gain from this since delivery times can differ for dropshipping. If you don’t work with companies in the US that provide rapid nationwide shipping, it’s best to go with regular shipping.
Alternately, you may make your order through Deliverr.
Delivery, an authorized partner for Walmart’s TwoDay fulfillment program. Delivery ensures speedy delivery and better visibility for retailers.
They’ll choose the products you buy from suppliers and keep them close to your customers so that you can speed up delivery across the country.
Learn more about Deliverr’s Walmart fulfillment service here.
Do you think that Dropshipping with Walmart is worth it?
Similar to most business plans, you’ll benefit through Walmart dropshipping only the money you already invested into it. Walmart Marketplace Walmart Marketplace achieved an increase of 79 percent in sales through eCommerce from 2020 to 2021. This makes it among the top areas for sales. Walmart is close to becoming the leading eCommerce retailer on the planet, Amazon. Amazon.
Dropshipping through Walmart requires some level of precision. It is essential to understand the rules, figure out what method you’ll use, and continue working on improvements and improving. To ensure that Walmart drop shipping will benefit you, make sure you.
How to optimize Your Product Listings
Most online marketplaces have algorithms that determine what customers should see when searching for solutions tailored to their requirements. To distinguish yourself from the rest of your competitors, it is essential to upgrade your listings to satisfy Walmart’s SEO standards. For instance:
Be specific with the name of the product
Make use of the name of the product. An appropriate formula is the brand’s name plus the size of the product, particular features of the item, plus the name plus design. The best way to describe your product is to use less than 50-75 characters when describing your product.
Make use of images of high quality.
Use professional-looking images with good light and explicit angles. Photos with high resolution are the best, as are white backgrounds and minimal background space.
Other suggestions:
- Utilize multiple products to show your customer every feature you’ve included in your product.
- Crop and zoom so that the focus is on your work
- Make use of the background for every image in the item.
Highlight the key features of the description of your shelf
The most important benefit of your product by providing an attractive, helpful description. A description of your shelves is an excellent way to capture the reader’s attention.
Other suggestions:
- Keywords are often helpful in your shelf description.
- Highlight the primary benefits that your item offers (bullet points are best in this instance)
- Double-check all reports for grammar errors
Leverage your short description
The description beneath your shelf must be as easy as feasible. Create a compelling, emotionally rich, and rich in keywords free of keywords. It is possible to use 500-1000 characters.
Other suggestions:
- Highlight what makes your product unique
- Be sure that you are focused on the benefits for the clients you have
- Beware of duplicate or generic content.
Make use the lengthy description
On the description on your Marketplace page, your lengthy description should be between 250 and 300 words.
Other suggestions:
- The list of benefits can be as long as 10-30 benefits and features.
- Utilize a distinct voice and tone of the conversation
- Include details and guidelines to help you create your idea of the direction
Choose competitive pricing
Pricing is a crucial aspect of Walmart’s dropping shipping program. Check out your competitors to determine their prices and focus on avoiding stock-outs by creating a sound plan for managing inventory.
Select product attributes
On the left side of your Marketplace listing, your product’s attributes categorize your items to aid buyers in searching for results that have been filtered. Select the correct classification from the 24 choices offered:
Provide an excellent customer experience
Whatever they’re searching for, customers require fast and safe service. To draw attention and boost your brand’s reputation, ensure that your product descriptions contain Walmart’s “fast shipping” badge.
It is also possible to increase your chances of selling by:
- Collecting positive customer reviews
- Utilizing a reputable fulfillment company
- Providing accurate tracking details for shipping
Meeting Walmart’s Expectations
Walmart holds its partners to the highest standards as a leading retail brand. To be in the game, you must adhere to specific guidelines, such as maintaining the 90-day average of defects to orders below 2% and ensuring that the on-site delivery rate is more than 99 percent. For the best chance of success:
- Be clear about your return policy: Make sure to include your returns policy in your Partners Profile area of Walmart. This will aid you in protecting yourself should you be involved in a dispute.
- Include information about shipping: Give the details for shipping to ensure that your customers are aware of the services they can count on when they purchase from you. Your fulfillment process should align with the time estimates for delivery that you give your customers.
- Use an inventory tracking system. Use software to track your inventory to ensure you’re always in a position to assist those who are your customers.
If you don’t meet Walmart’s guidelines, they can take your account from the Marketplace. Returns, cancellations, and complaints could put the security of your Walmart dropshipping program in danger.
Dropshipping service from Walmart via Amazon or eBay.
There is no drop shipping option to Walmart for orders to eBay or Amazon. Walmart isn’t going to take your order if it is suspected that you’re dropshipping eBay and Amazon’s Marketplace. Furthermore, eBay’s dropshipping guidelines and Amazon’s drop-shipping guidelines stipulate that sellers cannot purchase other items from other retailers and then deliver them directly to buyers.
You can use the retail arbitrage strategy, where you buy Walmart products for yourself, store the items in your storage unit or warehouse, and then sell the items on an internet-based marketplace. Keep the receipts! As you own the merchandise, eBay or Amazon won’t be able to make claims.
Shopify and Walmart will be in alignment with your business goals. To drop-ship items via Walmart for delivery to Shopify, you’ll need an app like Amazone DropShipper or Walmart to start. Applications like these allow you to import products into Shopify that will later become part of your Shopify store, meaning you can sell your product through Shopify and Walmart.
Utilizing this method allows you to include images from the Oberlo supplier to your items to make them more appealing to the customers.
Final Thoughts
Walmart Dropshipping offers a proven method to boost profits for your business.
In the aftermath of the pandemic, which struck the country, the sales on its website for eCommerce increased by 74% in the course of the pandemic. It is anticipated that the figure will grow even more when Walmart moves to increase the visibility of its online operations.
If you’re beginning your journey or are an experienced veteran in the eCommerce industry, dropshipping through Walmart will give you essential publicity quickly.
