Dropshipping is one of the best strategies to introduce an online store without bothering about a product inventory or the stock. Specifically, some of the most used platforms, many online sellers prefer to dropshipping from Walmart to Shopify. Why? Thus Walmart is one of the biggest online stores offering millions of products at reasonable prices and Shopify is an easy-to-use service that helps to create and maintain an online shop.
In this article you will learn how to Dropshipping from walmart to Shopify, along with its Pros and Cons.
What is Dropshipping?
Now, let us first define what Dropshipping is before we proceed to the details of the process of Dropshipping from Walmart to Shopify. Drop-shipping business model entails that you don’t own any stock implied that you are not directly involved in the initial process of producing the goods. Rather, the customer submits an order, and you go ahead and buy the product from a third party (in this case Walmart) and have it delivered to your buyer.
How to start dropshipping from Walmart to Shopify?
Now that you understand the potential of Dropshipping from Walmart to Shopify, here’s a step-by-step guide on how to get started:Now that you understand the potential of Dropshipping from Walmart to Shopify, here’s a step-by-step guide on how to get started:
1. Shopify Setup Tutorial:
Now, if you are eager to begin your dropshipping business let me tell you that it all begins with creating your Shopify store. Create a Shopify account, select a pricing plan, and customize your store more on the basic options of the storefront such as domain, logo, and simple pages which include About Us, Contact Us, and Policies.
2. Select Products from Walmart
Using the Walmart’s website go through the list of products that are key to be listed in a Shopify store. Make sure that these are products that you should be offering in your store especially if you focus on a specific category of items. For instance, home decor niche is a special niche all you need is home furnishings and decorative items which you can get form Walmart.
3. Import Products to Shopify
Using various tools and some apps available it is very much easy to import products from Walmart to your Shopify store. Other tools are Oberlo, Spocket or DSers and they help you load dropshipping products from different suppliers to your Shopify store easily. Ensure that it has integration support with Walmart if at all it exists.
4. Set Your Pricing Strategy
After the products have been imported successfully you will need to determine the prices of the items in the store. However, when setting your price point never forget that it is Walmart’s policy to have low prices then add a touch of the markup by just enough money to make up for operations and other costs.
5. Market Your Shopify Store
So once you have signed up and filled up your store with different merchandise, it is high time to advertise. Engage the customers on social media sites, optimize business website on search engines, and pay for ads to make them go the store. For this business of Dropshipping from Walmart to Shopify, it is therefore important to have a specific marketing plan.
Pros of Dropshipping from Walmart to Shopify:
1. Low Initial Investment:
Unlike traditional businesses, you do not have to purchase inventory and therefore, it is a cheap business model for starting a business.
2. No Storage Required:
This means that if your business is an e-commerce, you don’t have to bother about storing the products for your customers, as Walmart handles the entire delivery process.
3. Wide Product Selection:
The vast nature of Walmart means that they have a diverse range of products which enables you to resupply your Shopify store with a number of items in different categories.
4. Trusted Supplier:
They buy their products from reliable suppliers which means they do not have to source for quack suppliers hence consequent variation in quality.
5. Automated Tools:
Fortunately, there are several apps that will help to set up the product import and order fulfillment process, thus making the dropshipping from Walmart to Shopify entirely seamless.
Cons of dropshipping from Walmart to Shopify:
1. Limited Control Over Inventory:
Leasing means that you don’t own the items, and therefore you are a victim of whatever stock status Walmart has. If a product is no longer available on Walmart, you might be slow to meet your customer’s needs.
2. Potential for Low Profit Margins:
A positive side to this is that Walmart offers its products at very cheap prices to the consumer while negatives are that sometimes the profit that dropshippers can make is usually very small. If you intend to remain profitable, then you need to ensure that you have the best approach toward the pricing of the products.
3. Longer Shipping Times:
Delivery time taken by Walmart may also take a longer time to be completed especially when the product is from a different warehouse. This poses a danger in that it can result to unsatisfied customers due to late delivery.
4. Competition:
Because most Walmart products are conveniently available, there might be a lot of other dropshippers who are using Walmart as their source hence a lot of competition.
Conclusion:
Another chance for dropshipping is a business idea that will help people begin a business at an affordable price: Walmart as a supplier for Shopify. The opportunity to sell millions of products, affordable prices and a powerful partner in the form of Walmart sends even a beginner on success. But, like any good business model, it has its flipping drawbacks — competition, delivery time, and profit margins.
