Hey what's up youtube in today's video i'm going to be talking about what i think is going to be the next massive gold brush in e-commerce sales and that's selling on walmart.com stay tuned all right welcome everybody nate back here with hustle buddies where we share tools tips and advice for amazon and sometimes walmart sellers list okay now a lot of people don't actually realize that walmart.com is almost entirely third-party sellers i looked up the data on this and walmart released that 92.5 of all the inventory on walmart.com is by third party sellers that's a huge number i mean if you compare that to amazon amazon is about 70 30 like 70 third-party sellers 30 actually amazon walmart 92 and then the rest seven and a half percent is walmart and that's crazy so i want to show you guys what this looks like so let's say you're a walmart customer and you're trying to buy some nike socks so you can go here we search for nike socks we'll just click one now if i'm a customer normally this is as far as i scroll these are the socks that i want 35 is the price i'm cool paying add to cart but if you scroll down you can actually see that it's sold and shipped by that person okay now that is a third party that's not actually amazon that's someone like us who's who could very well be just shipping stuff out of their garage okay same thing with with this so we switch variations and now we actually see that there's multiple sellers selling the same item so it's it's built just like amazon where there's a listing and multiple sellers can be on the same listing we can see here there's two different sellers this one's a little bit cheaper this one will ship you a little bit faster but there's two different sellers on this same listing and neither one is actually walmart it's third-party people like me and like you that are trying to make an income from home and that's why i think this is going to be sort of the next big thing selling on walmart.
So we're going to talk about some of the numbers that go behind this some of the crazy like estimations that i actually found when i was doing my research and then i'll show you guys how to actually set up your account alright so make sure you watch all the way to the end don't forget to like and subscribe to this video if you are into ecommerce tutorials like this all right so let's dive into some of these numbers um i i was looking up how big walmart.com is uh and how much they actually sell and what kind of growth they're looking at apparently they rose in the first quarter of this year they rose 74 that's a monstrous number and it's due to i mean all of the crazy things that are happening in the world people don't want to go into stores they want to shop online so it grew by 74 which is a huge number now how huge is that well when i went over to forbes they are estimating that walmart is going to pull in about 38 billion dollars from their e-commerce side in 2020. now this particular forbes article was actually written in march march 2nd so this was right at the beginning of everything that happened all the lockdowns and everything so i wouldn't be surprised if this is actually significantly larger but let's just go with it let's say 38 billion is is what they're gonna do i was curious to compare these numbers to amazon numbers because as you know if you've watched our channel we are amazon sellers i love selling on amazon i think it's great i think there's a lot of opportunity and i think you should all be doing it but i wanted to compare the walmart seller numbers to the amazon seller numbers to get an idea of what kind of competition and sales we can be looking at so the first thing i did is i pulled up the walmart stats now i get this data from a site it's called marketplace pulse big shout out to you guys you put out some awesome stuff um so we're looking at this data this is from amazon so amazon in 2019 third-party sellers sold 200 billion dollars of inventory and there were three million active sellers on amazon okay so i did just some quick and easy math that means for every seller.
There is on amazon every seller theoretically could roughly be generating about 66 666 dollars okay if you take that 200 billion divided by three million different sellers that's roughly what you get okay now obviously there's some sellers that are doing 10 million and there's some sellers doing a hundred dollars okay but on average that's how much uh money each seller is generating now i wanted to compare that with walmart okay now with walmart these are unfortunately these are last year's numbers we don't have this year's numbers yet but if we extrapolate this and continue on the same course i think it's reasonable to guess that there's going to be going to be about a 25 growth in the number of sellers that will put us for the sake of easy math roughly at 38 000 sellers okay i think that's a reasonable guess for how many sellers there are going to be on the walmart marketplace 38 000. now if you remember i'll jump back over here to forbes they're estimating 38 billion in sales it's 92 and a half percent third-party sellers and there's 38 000 sellers if we do that math that means for every one seller on walmart.com each one of those one sellers theoretically could be generating one million dollars in revenue that is a huge difference comparing amazon the 66 000 per seller to walmart one million dollars per seller now walmart obviously they're not as big as amazon but they're not microscopic either i mean 38 billion compared to 200 billion yeah it's smaller but it's in the same ballpark you're playing the same game so we highly recommend people look into this if it works for you jump into it okay now.
I want to get into some of the nitty-gritty details of how this actually works if you are currently an amazon seller this will make a lot more sense to you if you're not currently an amazon seller i recommend watching a previous video that talks about it's called merchant fulfilling on amazon and that will sort of explain some of these concepts so i'm going to assume that you are currently selling on amazon or ebay it would be a similar model for this so with walmart everything is merchant fulfilled there's no fulfillment center that you're shipping stuff to there's no warehouse that you're shipping stuff to you are shipping directly from you to the customer okay so just like with amazon it would be like you're doing fbm so if you are accustomed or you're used to doing fbm orders on amazon it's going to be very simple for you to transition over you list your product on walmart if the customer buys it it ships directly from you to the customer easy peasy the shipping stuff is very similar you're using like the same kind of usps boxes and all of that stuff so all of like the shipping logistics are very very similar to what you're already doing there's not really much of a learning curve that you're going to have there now in order to actually get this account set up you're going to need to go to marketplace.walmart.com okay i'll show you guys this on my screen here so marketplace.walmart.com it's very very very simple um what i like about the walmart application i'm again going to compare amazon to walmart if you're applying to sell on amazon amazon is a little bit finicky they sometimes accept certain documents and sometimes they don't it really depends on who is looking at your application um so sometimes maybe your license your driver's license will get rejected sometimes your passport will get rejected sometimes the other one will work and the first one won't okay it's it's a little bit frustrating but the barrier to entry is smaller because you on amazon you can use your own personal name you don't have to have a business entity you don't have to have like an ein or an llc or a tax id number none of that is required to sell on amazon but then because of that they have a lot of applicants and they're trying to weed through people and sometimes they get things wrong so it can be a little bit frustrating when you're first starting on amazon getting set up on walmart to contrast that it's more difficult um to actually get an account it's they have much higher requirements you can't just use your social security you have to actually have a business you have to have an ein number you have to have your your tax exempt uh number id all of that stuff all set you need like your bank account all of that stuff needs to be set in order for you to sell on walmart.
They don't want joe schmo off the street they want businesses to come and join them and partner with them to sell on their e-commerce platform now on the flip side because they're more stringent they don't have as many applications it's easier to deal with 38 000 sellers than 3 million sellers so logistically it's a much easier function to manage and for the most part we haven't heard crazy stories of people getting denied when they should have been accepted or vice versa it's very straightforward so again we're at marketplace walmart you just click that request to sell button the application is very straightforward okay about five steps it will take you 10 to 15 minutes not too crazy as long as you have all your ducks in a row make sure you have all your like ein information and all of that if you do not currently have a business then don't bother with this that's step one you can't do anything on walmart if you don't actually have a legal business entity it doesn't matter if it's a sole proprietor or an llc or what have you but you you will need to have like your your business id your ein number your tax id all of that stuff you need to have up front so make sure you grab all of that um yeah and they give you a list here and again they specify they do not accept your social security you have to have a business you'll need to figure out if you're a w-9 or a w-8 um you can do a quick google search to figure that out for your business um they're going to ask you if like how you're uploading products are you going to be doing it yourself are you using a third party to help you out for the most part you're doing that yourself um and then they're going to ask you what types of things you're selling now this doesn't have to be taken too seriously you can always change this later as far as we know for us we sell a lot of clothing and groceries on amazon so that's what we said that we're going to be primarily selling on walmart but it's primarily it's not exclusively so you can sell whatever you want just put something in here okay so we're going to click start application i can't go through all of this with you guys but it's very straightforward you you can't really get this stuff wrong i mean put your name in put your email in do the captcha um put your your company name your your ein number there again figure out if you're a w9 or w8 um where are you incorporated it's okay if you're not even within the us um now shipping is going to be a little bit trickier if you're trying to ship stuff directly to us customers from outside the us on a regular basis so i probably don't recommend doing it but maybe you have a workaround again i'm not located outside the u.s and i don't know those shipping tricks for that but yeah very straightforward very easy as long as you input all of this stuff correctly.
You should get accepted for us i believe it took about 10 days for our application to be processed and accepted you can see here we got this email congratulations that's me uh congratulations you've been approved to join our curated community of professional sellers all right so we are good to go we're going to be listing up some products i will be doing more videos about how to actually like create listings and all of that on walmart.com this is as far as we've gotten and we wanted to share that with you as i learn more information i will teach more information all right let me know in the comment section below what questions you have about selling on walmart.com that maybe i can cover in a future video or if you are currently selling on walmart.com let me know what your experience has been like we're brand new to this journey we can only share what we know and if you have other experiences we would love to hear about that so drop those comments in the comment section below don't forget to also head over to our facebook group by the time this video comes out i will have made a couple posts about walmart over there on the facebook group that's facebook.com groups so head over there join in the conversation there's like 17 000 awesome sellers that are all a great community uplifting each other um so head over there join the conversation um again don't forget to like and subscribe and we will see you out there
