(https://www.optiwise.ai/walmart)In its fiscal year 2021, Walmart's U.S. e-commerce revenues climbed 79%, and in July, the platform had more than 100,000 retailers. If your products are still not listed on this hugely promising marketplace and you are looking for a platform to sell your goods and increase your reach, then Walmart is the one for you. With Walmart's sales strategy and seller tools, you can expand your business everywhere without spending much.

But before you begin your journey with Walmart, take a look at this guide and get to know all the dos and don'ts of Walmart.

Requirements to Sell On Walmart

Walmart requires specific requisites from a merchant for them to become a seller on the platform.

For making Walmart your selling platform, you should be aware of the following things-

You're required to have a warehouse based in the US with a US Tax ID and a Business Bank Account.
You should be able to ship orders and receive returns from a Warehouse located in the US.
Walmart works with established sellers so it will come in handy if you have some business exposure and excellent performance already in the US marketplace.
You should also be able to provide the UPC or GTIN code for each SKU.
You need to work on Dedicated customer service, compelling product assortment, competitive pricing, and fast and reliable fulfillment before you think of becoming a Walmart seller as these are essential requirements for your business as well as the platform.

Checking off every item on the above list will qualify you as a Walmart seller. If you’re still not able to, contact Optiwise. They can make the process of becoming a seller on Walmart easier.
Now let's learn how to sell your products on the platform.

Steps to Sell on Walmart

Step 1: Fill Out the Application Form

Initiate selling on Walmart by applying for approval/account creation first.

For this, you’ll have to fill out the Walmart marketplace application form, provide the details, and then wait for an approval email from Walmart with further information about your account.

Step 2: Complete the Registration

The registration process consists of the following six steps:

Account Creation - In this step, create your credential such as your username and password for your Walmart Seller Account, and gain access to the Seller Center.
Walmart Retailer Agreement - During this step, you'll have to sign the Walmart Marketplace Program Retailer Agreement. Check the box at the bottom of the agreement and then click Submit.
Company Registration - Fill in your company details, i.e.., Display Name, Corporate Address to create your Partner Account.
Tax Information - Provide your tax information in this step and then click on Save and Continue.
Payment Information - During this step, register with your online transaction IDs or wallets to receive payments. After registering all the necessary details, click on Save then Continue.
Shipping Information - This step involves the configuration of shipping charges for all of your Walmart products. You can charge the item based on the -
Price of the total order - Prefer this option if you want to charge shipping fees based on the order’s total price or if shipping is free.
Item Weight or Number of Items per Order - Choose this option if you'd like to charge shipping fees based on the item’s weight or the number of items.

After providing all the details for the shipping fee, select the default shipping modes and regions you support for all items you sell at Walmart. Default shipping processes include - Value, Standard, Next Day Delivery, and Expedited.

After filling out all of the details and information, click the submit button.

Step 3: Complete Your Partner Profile

In the seller center, go to the settings to complete your partner profile by filling in all the required details.

Company Information - Update your company's information by providing your display name, logo, and brief description of your company to help the customers learn more about you.
Customer Service - In this section, you need to fit out details about your Customer Service. Deliver your customer service email address, hours of operation, and your customer service contact number; after documenting all the details, Click Save.
Manage Contacts - This option will give you a chance to add, modify, or delete contacts of people from your organization who take care of technical issues, business administration, customer assistance, content, shipping, and performance aspects.
Shipping - In this compartment, you provide the Shipping attributes like Shipping rates, Shipping schedule, and Shipping policy.
Returns - On the Return Page, you will have to prep up Return methods, Return rules, and fees related to the returns. Before filling in all these particulars, ensure that you have thoroughly read the marketplace Return Policy and that all your Return entries are as per the Walmart marketplace Returns Policy.
Privacy Policy - The Privacy Policy section authorizes you to characterize how well you keep the customer data safe, and it's an obligatory step.
Tax Information - When a customer buys any item from Walmart, they may have to reimburse tax. Provide all the data about the taxes like Nexus, and Shipping Tax Codes, and write a brief Sales Tax Policy here.

Step 4: Bank Deposit Verification

It is an integral aspect of your Walmart Marketplace application. Walmart transfers 1 cent to your account to inspect and verify the account. The marketplace dealers should check their accounts after 24 hours of providing account details. The amount credited is $.01, and the description is “WM Marketplace Penny Test.”

When you confirm that the deposit is complete, click “Mark as Done” in the Launch Checklist.

Step 5: Item and Order Testing

This is one of the crucial steps in onboarding Walmart. What you upload here will show up at Walmart.

You will have to upload your archives to Walmart’s Seller Center. Remember that these items you upload go live with your account.

Assure that the following two standards are met :

Upload 10% of the items you want to sell at first.

Walmart should pass at least 95% of your items.

You need to upload your inventory to Walmart's seller center through any one of these - API integration method, bulk upload method, single item method, or solution provider method.

Afterward, test the items uploaded on the Walmart seller center to see if you can view the prices, units, items, staged or published status or item page, etc.

After setting everything up, place a test order to understand the process. After placing an order, you need to do three things -

Cancellation of orders
Shipping of orders
Adjustment of orders (Refund)

Step 6: Ready to Launch

The final step is to get your business onboard.

Once you've checked off every task on the launch checklist, click on the "Ready to Launch" button.

Clicking on the confirm button will send a message to Walmart, and every piece of information you've provided will be examined.
If everything is accurate and as per Walmart’s policies, you will get a memo from Walmart saying that your launch plea is accepted. After about two days, your catalog will go live.

Conclusion

You can finally commence your retail business at Walmart after completing all the steps with the right information. You'll have to pay no monthly fees, get to list unlimited inventory, and get a lot of exposure using Walmart's seller tools and sales strategies. For more detailed help, consult a professional or contact Walmart's help desk.