Walmart has unveiled New-Seller Savings, a limited-time Walmart Marketplace promotion for new sellers, according to a company blog post on Monday, April 4.
Walmart eCommerce has seen “tremendous growth over the past two years, and for sellers large and small looking to join a curated marketplace that emphasizes trust, transparency and fairness, there is no there’s never been a better time to start selling on Walmart.com,” the post said.
Sellers who join Walmart Marketplace by May 31 and start selling on Walmart.com by June 30 will receive a 50% discount on commission rates for the first 90 days, according to the blog. Walmart has also extended its Introductory Walmart Fulfillment Services incentive for sellers who want to access Walmart’s low-cost fulfillment option.
Approved sellers who sign up for WFS and complete the setup process and ship an item to Walmart’s fulfillment center by June 30 receive 90 days of free storage and a 10% discount on processing fees.
“Walmart Marketplace is one of the fastest growing marketplaces in the United States,” the blog post states. “Selling on Walmart.com gives you access to millions of monthly visitors who have become loyal customers.
The blob post adds that Walmart Marketplace “offers no monthly setup fees, and sellers can grow their business with Walmart using our ecosystem of innovative solutions like Walmart Fulfillment Services and Walmart Connect.”
Related: Walmart uses technology, innovation and 90% of the people who shop there to accelerate global advertising business
Last week, Walmart announced Walmart Connect, a three-pronged advertising arm to connect its customer base with a roster of brands looking for new ways and places to connect.
Rich Lehrfeld, senior vice president and general manager of Walmart Connect, said the advertising unit’s mission is to help brands and sellers connect with their customers during their shopping journeys, whether store or online, either helping them find the product they’re looking for or introducing them to something they’ve never bought or heard of.