So how do you get your product in Walmart, Costco or Home Depot? The first thing you have to do is ensure that your product and your company will be attractive to a big box retailer.
Follow These 7 Steps to Get Your Product Sold at Walmart (INFOGRAPHIC) - Small Business Trends
Step one is making sure that your company is ready to do business. Walmart and other large retailers have supplier standards that must be met. When you have all your legal ducks lined up in a row, you'll be ready to actually start the process of applying to be a Walmart supplier outlined below - a process that is not only time-consuming but may also be costly. So having other retail accounts increases your chances of getting the big box retail account. And just going out and getting a bunch of accounts won't help either; Walmart wants their vendors to have a verifiable history.
That's the kind of product that big box buyers are looking for.
How Big Data Analysis helped increase Walmarts Sales turnover?
Even if you can get the buyer interested in your product, having only one product to offer can be a deal killer. Setting up a new supplier takes time and effort — so the potential supplier who can offer a complete line rather than a single product will always have the edge. The retailer may even want a 24 hour turnaround.
When your company and your products are ready, it's time to apply and try to win a meeting with a Walmart buyer. The steps of completing your Walmart vendor application vary slightly depending on what category of supplier your products or services fall under:. Error rating book.
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His name is Michael. Michael is an international speaker, author, and writer. He is considered the authority on Wal-Mart.
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This two hour interview is going to give you an edge over your competition to show you ways to understand Wal-Mart, to give you a competitive advantage on pricing strategies and marketing strategies in selling your product into Wal-Mart. I hope you enjoy it.
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