Walmart.com is making some serious inroads in marketplace sales, but many smaller sellers are not yet taking advantage of this growing marketplace.
In the company’s April announcements of quarterly results, Walmart stated that its assortment of third party products grew from 10 million to 50 million in under one year.
While this may still be way below the claim by Amazon of having hundreds of millions of marketplace listings, it shows tremendous growth in just one year.
LARGER MARKETPLACE SELLERS LEADING THE CHARGE ON WALMART.COM
According to a report by eMarketer.com, marketplace sellers that with sales over $2 million per year are leading the charge of new products on Walmart.com
Of this group, nearly 36% of sellers are now on Amazon and Walmart. A recent survey cited by eMarketer.com show even more promise for Walmart’s marketplace.
“In another telling sign, when asked about other channels they want to expand to this year, Walmart, cited by 29% of Amazon sellers in the Feedvisor survey, garnered the top spot alongside sellers’ own websites, beating all other marketplaces including Shopify, eBay, Walmart’s own Jet.com and Etsy.”
Smaller sellers, those with less than $2 million in annual sales, are lagging behind their larger counterparts. Only 9% of smaller Amazon Marketplace sellers are also on Walmart.com. Yet nearly 65% of the smaller sellers are on eBay.
THE WALMART MARKETPLACE OPPORTUNITY IS NOW
With Walmart growing rapidly in eCommerce, the time is now for smaller eCommerce sellers to catch the bandwagon.
All the investment that Walmart continues to put into promoting and marketing their eCommerce platform, the coming holiday season only months away, why not start selling on Walmart.com?
Apparently, many smaller sellers have not considered the marketplace large enough to be a factor. However, that thinking has to change.
Part of the jump start by larger marketplace sellers can be attributed to ChannelAdvisor. The listing service was the first third party listing tool or service to support Walmart.
However, that should not stop small sellers from at least making some products available on Walmart.com. The opportunity is too big and why cede the marketplace to larger sellers.
What do you have to lose?