2009 saw the opening of Walmart’s online marketplace, one of the biggest merchants in the world. Millions of online shoppers can view third-party vendors’ products on the Walmart Marketplace, an e-commerce network. It works similarly to other online markets where merchants may list their goods and attract a larger audience, including Amazon and eBay.
You are a marketplace provider if you offer your goods on Walmart Marketplace. You are in charge of controlling your inventory, pricing, order fulfillment, and customer support as a marketplace provider. You are also accountable for adhering to Walmart’s rules and regulations.
On the other side, you are a retailer if you buy goods from Walmart Marketplace in the capacity of a reseller. Retailers can buy goods from other users on the platform to resell on their own websites or other marketplaces.
A platform that links buyers and sellers in a virtual marketplace is known as an online marketplace. As customers may explore a wide variety of products from various sellers, these platforms enable third-party sellers to list their products and reach a larger audience.
You are a marketplace provider if you own an online store that lets independent retailers display their goods. This implies that you are in charge of platform management, including order fulfillment, listing, pricing, and customer care. You don’t own the goods that are advertised on your platform as a marketplace provider, but you do be paid a commission on any sales made by independent sellers.
In conclusion, Walmart Marketplace is an online venue that enables independent vendors to market their goods and connect with more customers. You are a marketplace supplier if you use Walmart Marketplace to sell your own goods; a retailer if you use Walmart Marketplace to buy goods to resell. When you run a platform like this, you are a marketplace provider because it links buyers and sellers in a virtual marketplace. Anyone who wishes to sell or buy things on Walmart Marketplace or any other online marketplace must comprehend these ideas.