This podcast explores the latest Walmart updates, including the Incubation Team and Strategic Account Managers. They discuss site merchandising tactics, Walmart Marketplace traffic updates, and Walmart Fulfillment Services. The hosts also explain how VENDO supports brands on Walmart Marketplace and provide tips on working effectively with Strategic Account Managers. Additionally, they cover topics such as collaborating on beta programs, Sponsored Brand Flash Picks, and the White Glove Service. It's a must-listen for anyone interested in Walmart updates!
Walmart's website updates include a tile-based layout and cross-merchandising called 'tile takeover', aiming to enhance the marketplace assortment and improve the overall shopping experience.
Working effectively with Walmart's Strategic Account Managers (SAMs) and building a strong partnership with them is crucial for success on the Walmart Marketplace.
Deep dives
Updates on Walmart's Website
The podcast episode starts by discussing the recent updates on Walmart's website. The host and guest highlight the improved user interface and user experience (UI/UX) design on the homepage. They describe the tile-based layout, which resembles a TikTok/Instagram shopping experience. The podcast also mentions the introduction of a new site merchandising tactic called 'tile takeover' that allows for cross-merchandising within different categories. Furthermore, seasonal events are emphasized, with a focus on Father's Day displays. Overall, the episode highlights Walmart's efforts to enhance the marketplace assortment and improve the overall shopping experience.
Key Points on Walmart Marketplace
The episode delves into key points regarding Walmart Marketplace. Firstly, the increase in website traffic is highlighted, with 100 million unique monthly visitors reported, and a recent increase to 120 million. Secondly, the significance of Walmart Fulfillment Services (WFS) is discussed, emphasizing that 66% of the top 500 marketplace sellers are enrolled in the program. It is highlighted how WFS positively impacts revenue and customer trust through benefits like two-day shipping and Walmart's fulfillment handling. Lastly, the episode anticipates the upcoming holiday season, recommending sellers prepare their pricing and promotional strategies to maximize visibility and sales on Walmart.com during this essential period.
Working with Walmart Marketplace
The podcast episode provides insights into working with Walmart Marketplace, specifically through the perspective of Vendo as an agency solution provider. It explains the role of the Business Development team, which helps onboard brands to the platform and resolves application-related issues. The Incubation team is discussed, highlighting its focus on providing hands-on support, optimizing listings, and educating sellers on growth programs and initiatives. The Strategic Account Manager (SAM) team is also mentioned, emphasizing their role in providing high-level strategy, tools, and resources to sellers. The episode mentions the SAM team's involvement in introducing new beta programs and negotiating commission breaks for promotional campaigns. Overall, the episode highlights the importance of building a strong partnership with the Walmart Marketplace teams to achieve success on the platform.
Introduction of Sponsored Brand Flashpicks
The episode introduces a new opportunity on Walmart Marketplace called Sponsored Brand Flashpicks. Flashpicks is explained as a module within the seller center that allows sellers to submit items on promo into specific Walmart weeks. The newly released Sponsored Brand Flashpicks is described as a beta program that requires approval from the Strategic Account Manager. It is identified as a sponsored ad placement similar to sponsored brands on Amazon, which appears as a banner when users search for specific keywords on Walmart.com. Details regarding daily minimum spend, targeting options, and the ability to use negative keywords are also provided. The episode concludes by highlighting the upcoming deals for days and the importance of preparing promotions and engaging in strategic campaigns during Walmart's online events.
Get ready for the latest Walmart updates - you won't want to miss them! In this video, we'll take a deep dive into Walmart's Incubation Team and their cutting-edge approach to driving growth. Plus, we'll explore the world of Strategic Account Managers (SAMs) and what you need to know to work effectively with them. And that's not all - we'll give you the inside scoop on Sponsored Brand Flash Picks and how they can take your business to the next level. So sit back, relax, and get ready to learn everything you need to know about the exciting world of Walmart updates!
New Walmart Updates (1:30)
New Site Merchandising Tactic: The Tile Takeover (3:55)
Walmart Marketplace Traffic Updates (5:55)
WFS(Walmart Fulfillment Services) Updates (7:10)
How VENDO supports brands on Walmart Marketplace(9:40)
Walmart Incubation Team (11:20)
Working with Walmart Strategic Account Managers(SAMs) (15:48)
Best Practices when working with SAMs (19:30)
Collaborating with SAMs on Beta Programs (22:45)
WFS - White Glove Service (24:15)
Sponsored Brand Flash Picks (25:50)
Closing Thoughts & Remarks (29:35)
Mark Jordan, Marketplace Growth Strategist, VENDO
Hiram Gonzalez, Senior Account Strategist, VENDO
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