6 Benefits of outsourcing Walmart’s account management
Account management outsourcing has emerged as a very effective business strategy in e-commerce. Many entrepreneurs hire experts for different aspects of their businesses and let them handle the tasks they are good at. The same is the case for outsourcing Walmart account management.
You can delegate some or most activities of your business to account managers who would run your account on your behalf. This blog sheds light on some of the most important benefits of outsourcing your Walmart account management.
Ready to find out whether Walmart outsourcing is good for your business? Lets dive in!
What is Walmart Account Management?
To begin with, let’s first briefly look at what Walmart account management is and how it works. There are many factors that go into running a successful seller account on Walmart, such as stock management, placing and tracking inventory orders, and the most stressful of them all – sales returns, refunds, etc.
Mismanaging these crucial business functions is not only fatal for your profitability. Instead, it can even get your account suspended as well. For instance, receiving too much negative feedback from customers because you could not timely respond to their valid return or refund claims could harm your account’s health.
Further, things like pricing, marketing, branding, and more also play an essential role in this business. Opting for an account management service can help you perform one or more of these functions in a much more effective manner.
For instance, you could hire a service provider for your stock movement. They would have experience with:
- How much quantity of stock should you hold
- When should you order more
- And at what prices should you order
Similarly, a service provider could help you do a good job at marketing your products by suggesting better SEO keywords in listing content.
Benefits of Walmart Outsourcing
Outsourcing Walmart account management can be beneficial for your business in several ways. The following are the key benefits of Walmart outsourcing.
1. Saving Time
Outsourcing Walmart account to a Walmart account manager can help you save a lot of time. If you plan to manage your account alone, you would have to set aside a lot of time for various aspects of your business. These could include placing and tracking orders with vendors, managing in and out movement of stock, responding to returns and claims, etc.
Time is a precious resource in general and in the business world in particular. You can use the time you save by hiring a Walmart account management service or a Walmart account manager to focus on more important things like product development and expanding in diversifying your business.
Read More: Key Statistics about Walmart Marketplace 2024
2. Saving Cost
You may argue that paying for a service provider saves your cost. After all, you are bearing more expenses for operations you can perform yourself. It is a very logical question that a seller might have while thinking about opting for a Walmart account manager for their seller account.
You can perform a cost and benefit analysis to see if Walmart outsourcing is worth it. Then, you need to make a close guess about how much wealth you make per hour. After that, see how much time you spend doing things you can hire others for and use that time better.
Further, you should see how many hurdles and mistakes a Walmart account manager can help you avoid, which would otherwise cost you money.
3. Increasing Efficiency
If you manage your seller account yourself, you need to put in a lot of effort and time to learn about different aspects of managing a store. Even then, you could struggle with things like the minimum reorder level for your stock, searching for keywords and using them effectively.
A Walmart account manager who performs account managing operations for a living is most likely to know them way better than you do. Thus, Walmart outsourcing can improve the efficiency of your account activities by bringing in experience from many different areas.
4. Better Strategizing and Planning
You might not be fully aware of all the policies and announcements Walmart makes from time to time. It is a challenging job to keep track of all of these things.
However, not knowing these policies can cause you to miss many incredible opportunities. Moreover, non-compliance with these policies can even risk the suspension of your account.
This is where account management outsourcing can give you another benefit. In addition to performing day-to-day operations for your account, a Walmart account manager can help you prepare better plans and strategies for your business.
For instance, a Walmart account manager would know about various Walmart marketplace policies to help you do more effective marketing. Further, you can follow the guidelines without reading every single one yourself.
Read More: Explained: The Concept of Rollback at Walmart
5. Fulfilling Requirements and Filing Applications
Things like Walmart brand registry or filing your account for Walmart Fulfillment Services (WFS) can be tedious. Similarly, fulfilling various requirements to avail of different seller programs can also be daunting.
These tasks can not only be confusing. But they can also consume a lot of your time which you can use to do something way more productive.
Suppose you find these tasks challenging to navigate through. In that case, account management outsourcing can help you fulfill different requirements, file different applications, apply for various programs, and more. At the same time, you can focus on the core functions of your business.
6. Providing Expert Opinions
As mentioned above, a Walmart account manager is most likely to know much more about general business norms and industry practices than you do. Thus, you benefit not only from their assistance for day-to-day account maintenance. But also from their vast experience working with many different sellers across different marketplaces.
For instance, setting prices for your product to attract more customers & generate more sales isn’t an easy job. An expert opinion of an account manager could help sort this out in a much better way.
Final Thoughts
In conclusion, account management outsourcing can help you in many different ways. It can save you precious time and valuable resources that you can use elsewhere in a better way to scale your business.
Availing services of Walmart account managers can help you with a lot of your business decisions as well. They would have valuable insights that can help you achieve your goals in better ways. All in all, it might be an excellent business strategy to pursue.
So if you want Walmart’s online account management service for your business, there’s no better place than SPCTEK. We have an experienced in-house management team that will take the burden off your shoulders. And make your business grow by leaps and bounds.
FAQ’s
Outsourcing providers often have experience and expertise in Walmart’s policies, algorithms, and best practices, enabling them to optimize product listings, navigate account issues, and implement effective advertising strategies for sellers.
While outsourcing can offer numerous benefits, sellers should carefully vet potential service providers, consider costs and performance guarantees, and ensure clear communication and alignment of goals to mitigate any risks or drawbacks.
Sellers should evaluate outsourcing providers based on their experience, track record, expertise in Walmart Marketplace, range of services offered, pricing structure, customer reviews, and ability to meet specific business needs and goals.