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Why You Should Start a Walmart Dropshipping Store

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There are many ways to grow your investment in today’s world. Most investors place their bets on the stock market, but it is also a good idea to diversify your portfolio with other lucrative opportunities like a Walmart dropshipping store. Consumers continue to utilize their phones and other handheld technology to quickly purchase an item in seconds that would have taken a good old-fashioned trip to the store only a few decades ago.

 

While dropshipping may seem like a new concept to some investors, it has actually been around for years. Dropshipping allows investors to open their own online store using a third-party supplier. Brand names like Amazon and Walmart have tapped into this financial supply line to boost their overall sales as well as offer a much broader range of products to their customers. Learn more about why you should start a Walmart dropshipping store this year.

Business is Booming

While most of us have one (or a few) Walmart locations near our home, the sales don’t stop at the door. Walmart has substantially increased its overall online sales with 79% growth during their 2021 fiscal year. Through making direct sales through their website, as well as the popularity of their dropshipping platform called Walmart Marketplace, online sales are booming. Why not tap into this amazing opportunity with your own store?

Join High-Quality Sellers

Walmart has been very picky about who gets to join its online dropshipping platform. The Walmart Marketplace is “a curated community of respected, professional sellers who offer only top-quality, authentic products and best-in-class customer service.” This means that you won’t be just another blip in the seller pool. To ensure their success, Walmart picks only those sellers who are serious about their products and stores, so there is no space for sellers that will overcrowd the market and dilute the pool. In fact, the application process to become a Walmart dropshipper is quite long and tedious, making it an exclusive group.

Choose Your Own Adventure

Walmart knows that there are a lot of missed opportunities out there with a one-size-fits-all business plan. This is why they offer multiple ways to set up your store on their site. You can choose how you want to partner with Walmart to sell your goods. 

Walmart 1P Option

This first way to sell through Walmart is called the first person (1P) option. Those sellers who want to ship their product directly to a Walmart Fulfillment Center would select this option and be done with the process. Another name for these sellers is Warehouse Suppliers.

Walmart 3P Option

The third-person option, Walmart 3P, has a few ways that they sell on the website. Walmart 3P sellers have more control over their brand but also do a lot of the work. You can choose the self-fulfillment option, which means that you ship the item to the customer once it is sold on the site. The Walmart Fulfillment Services (WFS) option allows you to control your listings but ship your items directly to Walmart to ship.

Walmart Dropshipping Option

There is a hybrid option for sellers who don’t want to do either Walmart 1P or Walmart 3P. Walmart Dropshipping involves Walmart buying your products at wholesale prices and then selling them on their site. You would then ship your products after Walmart has sold them online. Walmart dropshipping gives more control to Walmart to take care of the online store issues like pricing, optimization, and marketing while you wait for the notification to ship.

Reach More Customers Via Retail Stores

When you open up your own Walmart dropshipping store, you also agree to ship directly to both customers or Walmart stores for easy pickup. This increases your overall market reach as some customers don’t want shipments at home. It also makes getting your products into customers’ hands a bit safer as the product is directly handed to customers in the store rather than sitting on their doorstep.

Use Walmart’s Brand Recognition

Walmart has almost 5,000 stores in the United States alone, making them a permanent figure in many communities. Add to that about 6,700 stores in other countries, and there is a total of almost 12,000 Walmart brick and mortar stores on the globe. Walmart’s brand value is over $93M in 2021 after making huge strides in this department over recent years. 

 

Becoming a Walmart drop shipper allows you to tap into this fantastic brand recognition to reach customers. The global discount leader is also the world’s largest private employer, with 2.2 million employees in the world. 

Shipping is Included

While other online dropshipping platforms may offer shipping discounts or credits, Walmart is very serious about providing 2-day shipping with all of its products. This has led them to cover the cost of shipping for almost all of their dropshipping partners. You don’t have to worry about shipping costs cutting into margins because it’s taken care of already.

Get Help When You Need It

Starting your own Walmart dropshipping store can seem a bit daunting. This is why an entire industry has opened up to help you earn passive income online. NextGen Strategic Investments is a reputable and growing group of experts that will do all of the work for you. They’ll find the product to sell; they’ll set up all the tax documents and even do the marketing and pricing analysis to ensure the highest margins. There is no reason not to use a Walmart dropshipping service like NextGen if you find yourself overwhelmed and too busy to do the dirty work.

 

Simply put, starting a Walmart dropshipping store is a fantastic way to tap into online sales without ever lifting a finger. With the help of NextGen, you can invest in an online store and start earning without any of the work. Partnering with a service like NextGen allows you to diversify your portfolio and get in on using Walmart’s powerful brand recognition and name to grow your nest egg.

 

Contact NextGen Strategic Investments today to learn more about how we can help you earn passive income this year.

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