Walmart Marketplace
Walmart now has its own Marketplace open to select e-Commerce stores. Its no surprise they have CSN Stores, eBags, and ProTeam. With the large selection and I mean larege selection CSN stores offers over 1 Million products alone; Walmart will be able to provide the consumers with the variety they want. This will make it hard for small eTailers to compete. I currently offer 2,500 items on my sites and currently working in offering more. However, the average online seller offers around 50 items.
So, how can we compete? Simple, offer top service, hassle free Returns and offer variety. Keep up with the Social Media trends; you want to brand (product) yourself. Stay informed – this quarter is faced with many changes from several marketplaces and product search engines. Here is a video from CNBC on the announcement made by Walmart.
CSN Stores is already the 3rd largest online store making $200 Million a year in Sales (yes, even in this slow economy). Now with their new partnership with Walmart I can see them double that. Do you think eBay has met its rival? Will the prices offered from the “selected sellers” be better than what they offer in their sites or even offer on eBay? We will see………
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Hi Laura, I think it’s a great feat for all of us who are thinking about adding an e-store to one of our blogs and to have WalMart now on board will definitely be great competition for ebay and anyone else out there. You are the queen of dropshipping and all things selling online, so I would be miffed if I didn’t ask YOU what do you think it will do for the eCommerce business? I want to hear from the expert. Thanks for the info though. I’m thinking of starting a sub-niche with a mcb webstore so I’m taking my time to hear more about this. Thanks again. jj
I just wrote a post about Wal*Mart a few days ago. They have crushed nearly all of there real world competition. Now they’ve got their eyes on cyberspace. Sam’s 10 Rules apparently have lived on. He would be proud.
BTW…nice site!
@Roschelle – WalMart means business, I like the competition they are to eBay. but we all need to keep up with the current SM trends to help our business survive this “takeover” lol