09/07/2022
WALMART ACCOUNT CREATION PROCESS:
Walmart has surpassed over 100,000 sellers. Furthermore, Walmart saw a 79% eCommerce growth in 2020 and the numbers have been increasing this year as well. With an eCommerce revenue of 75 billion $US in 2021, Walmart is growing more than 5 times faster than Amazon! All these facts mean that Walmart business is worth your consideration!
You can start to sell on Walmart with 5 steps:
To fill the application, submit it to Walmart com and get an approval.
Normally it takes 24-48 business hours to get a response from an agent.
To sign the retail agreement.
To complete your seller profile and connect your payment account.
To pass the onboarding process and add your eCommerce products.
To request launch to get a final review.
HOW TO GET APPROVAL TO SELL ON WALMART?
The required information you will need on the application process are the following:
US Business Tax ID: In other words, you would need to have a legitimate US based business registered (LLC)with an Employee Identification Number (EIN). Social Security Numberdoes not count
W9 tax form: This is a document in which it will request information of the individual and the business. You will need to report your income, your business and/or warehouse physical address, how much you pay on taxes, contributions made, etc.
Product catalog: You need to present Walmart the list of products you would want to sell. It is important that your product stands out to make an appealing offer to Walmart. Look for items that are not in a saturated niche within the marketplace and that don’t violate Walmart's prohibited products. An example of a good category to look into would be Home & Garden, Baby Products, Health Choices etc.
eCommerce history: Walmart is looking to incorporate sellers on to their marketplace who already possess eCommerce background such as selling on eBay or Amazon.
Once you finish the application form and you submit it to Walmart, simply wait up on their final response. If everything goes well, you will then be admitted to their online retail website in which you will need to start the business registration and Onboarding completion process.
REGISTRATION PROCESS ON WALMART MARKETPLACE:
So now you received Walmart’s approval — congratulations, you’re in! Now it’s time to properly register your business on the Walmart marketplace.
You will initially receive an email from Walmart in which you will find a link to start the registration process. These are the steps to take when it comes to registering your online business:
Account creation.
Walmart Retailer Agreement.
Company registration.
Tax form.
Payment processor.
Shipping information.
— Let’s briefly discuss each point.
1. ACCOUNT CREATION:
Enter your user name and password
2. WALMART RETAIL AGREEMENT
This is a legal agreement between the seller and the retailer Walmart. In this case, you’ll find documentation with every term and condition the Walmart marketplace has. Please, make sure you read it carefully in order to understand and comply with the terms.
You can already see that simply entering Walmart is hard enough, so avoid breaking their rules if you want to have a successful business or successful Walmart stores.
3. COMPANY REGISTRATION:
It’s time for you to officially register your business. Make sure you place the same name as the one you registered your corporate structure and placed it on your application form, to begin with (LLC, S Corporation, C corporation, Partnership or Non-Profit) along with the same physical address.
4. TAX FORM:
In this section, you would need to fill out the W-9 form for tax purposes. The required fields are:
Full name,
physical address (same one as your business),
Taxpayer Identification Number (TIN).
5. PAYMENT INFORMATION FOR THE WALMART SELLER ACCOUNT:
Walmart partnered up with Payoneer and Hyper Wallet which is a PayPal service provider. This means that you’ll have only those two options to receive your payments.
6. WALMART SHIPPING INFORMATION:
Before launching your Walmart store, you will need to select your shipping method, set if you will be giving free shipping, and how you will overall fulfill orders, etc.
TIME TO GO LIVE:
Once you’ve finished completing all of these steps, it’s time for you to start building up your Walmart store and start gaining traffic along with sales.
Happy Walmart Selling 😊
