How To Sell On Walmart Online Marketplace For Quicker Profits
Walmart.com is well known for its lowest price policy which the sellers are expected to respect at all times. Maintaining lowest prices is the simplest solution to gaining high visibility and traffic in this venerable marketplace. However, this is also the reason why profits margins diminish dramatically in the part of sellers making it difficult for them to breakeven at the earliest.
As has been expressed by third party sellers that have been present in this platform for over a year, here are a few tips to sell on Walmart online marketplace for quicker and better profits…
Never try to trick Walmart… the platform is smarter than you think —
This is basically applicable for the geniuses that try and trick the marketplace by adding enormous shipping and handling charges at the time of checkout. Walmart is very vigilant about these malpractices and can scrap your listing without warning.
Try to sell products with lower commission rates —
If you sell products with lower commission rates, your profit rates are likely to be higher.
Lower operational costs where it applies —
Operational costs often cause massive drainage of profits from loopholes that can often go unnoticed. This involves inventory / warehouse costs, shipping / fulfillment costs and more.
End to end integration with your chosen shopping cart and all other platforms of presence be it Magento Google Shopping Amazon etc. and usage of smart softwares like fee / profit calculation tools etc can help in overcoming such otherwise elusive odds.
Attract traffic from external sources to your Walmart store —
Driving traffic from external sources be it social media, comparison shopping platforms or affiliates helps increase conversion rates significantly, which directly amounts to enhancing the volume of profits in your favor in Walmart.com. This is one of the best organic ways of profit maximization that Walmart truly appreciates.