Start Dropshipping on Walmart Marketplace with this Free Course
Table of Contents
- Introduction
- Selling on Walmart Marketplace
- Starting Drop Shipping on Walmart
- dropshipping on Walmart Marketplace
- Pros and Cons of Dropshipping on Walmart Marketplace
- Finding Suppliers for Walmart Dropshipping
- Product Research for Walmart Dropshipping
- The Application Process for Selling on Walmart Marketplace
- Setting up Your Walmart Seller Account
- Managing Your Walmart Inventory with OA Genius
- Understanding Walmart Performance Dashboard
- Shipping and Repricing for Walmart Dropshipping
- Dealing with Returns in Walmart Dropshipping
Selling on Walmart Marketplace
Walmart, one of the largest retail brands in the world, offers a lucrative opportunity for online sellers. With a massive customer base and second only to Amazon in terms of marketplaces, Walmart.com is an attractive platform for selling products. In this comprehensive guide, we will take you through the process of selling on Walmart Marketplace and starting dropshipping using popular suppliers. Whether you're a beginner or an experienced dropshipper, this ultimate Walmart dropshipping course will equip you with the knowledge and resources you need to succeed.
Introduction
Dropshipping has become a popular business model for online entrepreneurs. It allows you to sell products without having to hold inventory or fulfill orders yourself. Instead, when a customer makes a purchase, you simply forward the order details to a supplier who then ships the products directly to the customer. This eliminates the need for storage space, upfront inventory costs, and fulfillment hassles. Walmart Marketplace, the second largest marketplace after Amazon, offers a vast customer base and a great opportunity for dropshipping. In this video, we will show you how to sell on Walmart Marketplace and start dropshipping using popular suppliers.
How Dropshipping Works on Walmart Marketplace
In a nutshell, dropshipping on Walmart Marketplace involves selling products from popular suppliers, such as eBay, Overstock, or Zoro, on the Walmart platform. Unlike traditional selling, where you would need to buy and store inventory, dropshipping allows you to list products for sale without actually owning them. When a customer places an order on your Walmart Marketplace account, you will use their information to create an order on your supplier's website. The supplier is responsible for shipping the products directly to the customer, relieving you of the storage and fulfillment process. Simply put, dropshipping on Walmart Marketplace is a low-risk business model that allows you to sell products without the need for inventory.
Pros of Dropshipping on Walmart Marketplace
One of the biggest advantages of selling on Walmart Marketplace is the potential for high sales volume. With Walmart being the second largest marketplace, there is a massive customer base actively looking to buy products. The platform's popularity ensures a steady flow of orders if you follow the strategies outlined in this video. Dropshipping also offers freedom and flexibility. You can run your business from anywhere and don't have to worry about inventory management. With the right tools and resources, such as the OA Genius software mentioned in this video, dropshipping can be automated and outsourced to virtual assistants. This provides you with the means to scale your business and enjoy passive income.
Cons of Dropshipping on Walmart Marketplace
While the advantages of dropshipping on Walmart Marketplace are clear, there are a few potential drawbacks to consider. The application process to sell on Walmart Marketplace can be challenging, as Walmart seeks to maintain a certain level of professionalism on its platform. They are selective about which sellers they accept, so it's important to ensure that your application meets their criteria. Additionally, once you start selling on Walmart Marketplace, you must uphold certain standards of professionalism, including responding to customer messages, accepting returns, and maintaining a high level of customer service. This level of responsibility can be demanding, but the potential for high sales makes it worthwhile.
Finding Suppliers for Walmart Dropshipping
To start dropshipping on Walmart Marketplace, you need reliable suppliers who can fulfill orders on your behalf. While Amazon is not recommended as a supplier due to their rivalry with Walmart, there are several other trusted suppliers you can use, such as eBay, Overstock, Zoro, and Blain's Farm and Fleet. These suppliers offer a wide range of products that you can list on Walmart Marketplace. Alternatively, if you have connections to wholesale distributors, you can use them as your suppliers to minimize competition. When conducting product research for your Walmart store, the Gravity extension provided by OA Genius will be your go-to tool. It allows you to analyze products from various suppliers and identify profitable opportunities.
Product Research for Walmart Dropshipping
Product research is a crucial step in dropshipping on Walmart Marketplace. The Gravity extension provided by OA Genius is an invaluable tool for conducting product research. It scrapes data from visible product listings and provides information such as source price, Walmart sale price, and profit margins. When using Gravity, focus on finding products with a green rating, indicating they offer a good profit margin. Aim for products that have high demand and low competition. The extension also shows the buy box price on Walmart, which is the price at which the product is sold when multiple sellers offer it. To maximize your sales, aim for products with a low number of sellers in the buy box.
The Application Process for Selling on Walmart Marketplace
Selling on Walmart Marketplace requires an application process. Walmart is selective about who they allow to sell on their platform, as they aim to maintain a certain level of professionalism and quality. To apply, you need an established business, preferably an LLC. You will also need a business address, an EIN (Employer Identification Number), and a professional business email address. Walmart expects sellers to be legitimate, professional, and responsive to customer inquiries. While the application process can be strict, recent reports suggest that Walmart has become more open to accepting new sellers. Once you have completed the application, wait for the decision from Walmart. In some cases, they may call or email you to verify your information.
