Once you have decided to start your Walmart dropshipping business, the first thing you need is a platform where you will need to sell products and offerings. One example is opening a Shopify store. However, you need a marketplace from where you need to run the dropshipping operations. Here, you will have to stream high-intent visitors from existing traffic on a big domain. One such big domain is Walmart.
In this article, you will learn some of the general details about Walmart dropshipping and how it works. Apart from that, you will also learn some of the major benefits associated with this dropshipping system. Finally, we will give you a step-by-step method to follow to start your dropshipping business at Walmart. Hence, to learn more about Walmart drop shipping, read on through to the end of the article.
What Is Walmart Dropshipping?
According to Shopify.com,
“Walmart dropshipping is when a merchant sells products on Walmart Marketplace and outsources the entire order fulfillment process to a third party. Merchants create a seller account with Walmart and then source products from dropshipping suppliers before shipping orders to the customer base on the merchant’s behalf.”
As a merchant, when you list an item on the Walmart Marketplace, that item becomes available for sale on Walmart.com, alongside other products on the online store of the retailer.
Walmart dropshipping is almost the same as dropshipping on other platforms like Amazon and eBay. However, there are only small differences. For example, dropshipping on Amazon will be costlier for you as compared to dropshipping on Walmart. Hence, many merchants prefer dropshipping at Walmart.
How Walmart Dropshipping Works? – Importance And Benefits
When it comes to a dropshipping marketplace, Walmart is one of the best choices for you.
According to Oberlo.com,
“Walmart’s rapidly expanding online marketplace generated $35.86 billion in sales last year. Plus, it made up 6.7% of total US ecommerce sales. This year, Walmart is expected to make up 7.1% of total US ecommerce sales. These figures indicate that using Walmart as a sales channel for your dropshipping business can mean big returns.”
Furthermore, it is also easy to integrate your Walmart dropshipping business with your platform, like Shopify. In addition to that, Walmart also has a better vetting process than other websites like Amazon or eBay. In the latter two, the vetting process is minimal.
The following are some of the major advantages that you will come across once you choose to dropship on Walmart:
1. One of the best things you will notice is that you will not need to pay any upfront cost. Walmart dropshipping requires only a minimal investment. Also, Walmart does not charge you for any setup or any other monthly fees either. To get started at Walmart, you will not need to pay for anything.
2. Walmart charges you a commission and referral fee instead of charging you for access, For each sale you make, you owe a commission or referral fee to Walmart. Hence, you will also not need to pay until you start to make money at Walmart.
Depending on what product category your item falls on, you will have to pay a referral fee between 8% and 15%, with a few exceptions. Once the transaction is done, Walmart automates the payout deductions, and there is no additional credit card processing fee.
3. Since Walmart is a big domain, there is a large audience for Walmart, and hence it has a big e-commerce presence. Every month, Walmart boasts 100 million unique visitors. These are online shoppers who have trust and interest in the brand. You will need to leverage the traffic opportunities from Walmart, which will help you drive more traffic to your online store.
How To Start Walmart Dropshipping?
The following are the steps you will need to take to start a Walmart dropshipping business:
1. Find Suppliers And Products
You will need to research what products you will sell at Walmart.
Shopify.com recommends –
“The key to choosing the best dropshipping products to sell is to identify items with relatively high-profit margins, measurable demand, affordable shipping costs, and the ability to scale rapidly. Don’t be afraid to identify a niche and get super specific with your offering.”
Furthermore, you will need to source your supply from high-quality suppliers as well.
2. Apply As Walmart Marketplace Seller
Before going live on Walmart, apply to be a Walmart supplier. Join as a Warehouse supplier and not the Drop Ship Vendor program, as the latter is for high-volume suppliers. Start your application process after you have lined up your product idea and suppliers. This will take you around fifteen minutes. Walmart will basically check your reputation, reliability, customer service, and competitiveness.
3. Complete Onboarding
Once Walmart has reviewed and approved your application, you can start Walmart onboarding. Here, you will receive an email where you will get an update on your application status. Here, you have to click on a link to sign up and register for Seller Central. Then, you will have to fill out the information on your seller profile.
4. Sync Your Products With Walmart
If you want to integrate your products with the Walmart marketplace, you can do that with the place where you get your supplies. With various apps and tools, you can easily sync your products, orders, and inventory between the supplier platform and Walmart.
Hope this article was helpful for you in getting a better idea of how Walmart dropshipping works in general and how you can start your own dropshipping business at Walmart. This platform is a great option to increase your revenue for your business. Whether you are a new person or an experienced one in eCommerce, you will get a lot of exposure through Walmart.
To start your dropshipping business at Walmart, consider finding suppliers for your business. Then, register your business on Walmart to sell without fees. After that, you will need to complete seller onboarding. Finally, you can start fulfilling orders for customers. Do you have more suggestions related to Walmart dropshipping? Share with us in the comments section.