When setting up a Walmart wholesale business account, we'll need to provide some basic information to get started. Here's a list of the basic information typically required:
Basic information
- Your Name: The full legal name of the account holder or primary contact.
- Email Address: A valid email address for account verification and communication.
- Password: A strong password for securing your account.
- Business Name: The legal name of your business as registered.
- Contact Details: Phone number and address associated with the
business.
- Website link: An eCommerce website of the company with profile and
background.
- Business Type: The nature of your business (e.g., LLC, corporation,
sole proprietorship).
- Industry: The primary industry in which your business operates.
- Number of Employees: The size of your business in terms of
workforce.
- Annual Revenue: An estimate of your business's annual
earnings.
- Years in Business: How long your business has been operational.
- Business Address: The physical location of your business operations.
- Shipping Address: Where you would like your orders to be delivered.
- Billing Information: Currently, only Hyperwallet by PayPal is
supported on the Walmart seller center.
Verification
Make sure to review Walmart’s terms of use and privacy policy during the setup process. After providing this information, you'll typically need to verify your email address through a link sent to your inbox.
To open a Walmart wholesale business account, you will need to prepare a set of documents to verify your business's legitimacy and operational status. Here's a checklist of the documents you might need:
list of documents:
1. Business Tax ID or Business License Number: Proof of your business's legitimacy and operational status within the United States.
2. W8 or W9 Tax Forms: To ensure compliance with U.S. tax laws and regulations.
3. Company Corporate Address: The address of your company or corporate headquarters.
4. Company Bank Account Information: For financial transactions and payments. Credit card details.
5. EIN (Employer Identification Number): Required for tax purposes.
6. Business Formation Documents: Such as articles of incorporation, certificates of formation, or partnership agreements.
7. Product Information: Including GTIN/UPC GS1 Company Prefix Numbers.
8. Catalog Compliance: Your product catalog must comply with Walmart’s Prohibited Products Policy.
9. Fulfillment Information: Details of your B2C U.S. warehouse with returns capability.
Approval by the Walmart Team
Additionally, if you're not already a Walmart Marketplace seller, you'll
need to apply and be approved to sell on Walmart.com before you can proceed
with setting up a Walmart wholesale business account.
To meet Walmart's guidelines for wholesale business concerning "eCommerce success" and the requirement that products have GTIN/UPC GS1 Company Prefix Numbers, you need to understand and prepare for both criteria. Here's a step-by-step guide on how to meet these requirements:
Understanding the Requirements.
- E-Commerce Success: Demonstrate a proven track record of sales and customer satisfaction on other e-commerce platforms.
- GTIN/UPC GS1 Company Prefix Numbers: To Ensure our products have Global Trade Item Numbers (GTIN) or Universal Product Codes (UPC) with a GS1 Company Prefix, which are essential for product identification and inventory management.
Steps to Meet the Criteria
1. Track and Document Your Sales History: Maintain detailed records of your sales performance across various eCommerce platforms. Use tools or reports from platforms like Amazon, eBay, or Shopify to gather this data.
2. Gather Customer Feedback and Reviews: Compile customer reviews and ratings from these platforms. Highlight positive feedback and address any negative reviews to show your commitment to customer satisfaction.
3. Show Operational Efficiency: Document your inventory management processes, order fulfillment rates, shipping times, and return rates. Prepare reports or case studies that illustrate your operational capabilities.
4.
Prepare a
Professional Presentation: Create a
document or slideshow that presents your business, sales performance, customer
feedback, and operational processes in a clear and professional manner.
GTIN/UPC GS1 Company Prefix Numbers
1. Understand GTIN and UPC: GTIN (Global Trade Item Number) is a unique identifier for products, often represented as a barcode. UPC (Universal Product Code) is a type of GTIN commonly used in retail.
2. Obtain a GS1 Company Prefix: Visit the GS1 US website (or the equivalent GS1 organization in your country) to apply for a GS1 Company Prefix. This prefix is a unique identifier that you will use to create GTINs/UPCs for your products.
Note: Complete the application and pay the associated fees.
3. Assign GTINs/UPCs to Your Products: Use the GS1 Company Prefix to generate unique GTINs/UPCs for each of your products. Ensure that these barcodes are correctly formatted and applied to your product packaging.
4. Maintain Proper Documentation: Keep records of your GTINs/UPCs and the corresponding products. Make sure your inventory system is updated with these identifiers for tracking and management purposes.
A. Preparation Checklist: eCommerce Success
B. Sales Performance:
C. Sales reports from eCommerce platforms
D. Growth trends and total sales data.
5. Customer Feedback: Compilation of customer reviews and ratings. Documentation of customer satisfaction initiatives
6. Operational Metrics: Inventory management and order fulfillment documentation. Shipping and logistics reports
7. Professional Presentation:
A. Company overview
B. Market performance highlights
C. Operational capabilities
D. Marketing successes
8. Product Identification: List of GTINs/UPCs assigned to products. Documentation of barcode formatting and placement on packaging.
By following these steps and preparing the necessary documentation,
we will be well-equipped to meet Walmart’s guidelines for wholesale business
and successfully demonstrate our eCommerce success and proper product
identification.
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