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#572 - Avoiding Pitfalls In Sourcing & Importing

#572 - Avoiding Pitfalls In Sourcing & Importing

FromSerious Sellers Podcast: Learn How To Sell On Amazon FBA & Walmart


#572 - Avoiding Pitfalls In Sourcing & Importing

FromSerious Sellers Podcast: Learn How To Sell On Amazon FBA & Walmart

ratings:
Length:
32 minutes
Released:
Jun 22, 2024
Format:
Podcast episode

Description

Join us as we explore crucial importing and inventory management strategies with Afolabi Oyerokun, a seasoned Amazon seller with over 20 years of experience. Afolabi takes us through his remarkable journey from Nigeria to the United States, where he transitioned from fashion design to computer animation before making his mark in e-commerce. Discover his insights on avoiding costly pitfalls when importing products from overseas, managing inventory effectively, and ensuring you don't run out or overstock.
In this engaging episode, Afolabi shares essential tips on navigating U.S. customs seizures and maintaining effective communication with overseas factories. Learn about the common reasons for customs stopping a container and the importance of accurate documentation to avoid severe penalties. He also highlights the risks of using email for factory communications and suggests using platforms like WeChat to prevent scams. Plus, get the lowdown on labeling requirements for imported goods to ensure compliance with U.S. and Amazon regulations.
Listen in as we discuss the critical role of third-party logistics (3PLs) in maintaining a diverse and efficient supply chain, despite Amazon's introduction of its AWD. Afolabi outlines the strategic advantages of using 3PLs for fulfilling orders across multiple marketplaces and offers practical tips for optimizing shipping. Additionally, we emphasize the importance of compliance with Customs and Border Protection (CBP) regulations and introduce a new tool to help track and ensure compliance with U.S. government regulations. Finally, get to know Afolabi a little better as we share contact information for his services and enjoy a light-hearted exchange about Nigerian cuisine.
In episode 572 of the Serious Sellers Podcast, Bradley and Afolabi discuss:
00:00 - Importing Products From Overseas
03:54 - From Fashion to Tech 
10:17 - Avoiding Customs Seizures in Online Selling 
11:20 - Customs Seizure, Communication, and Mold Ownership
22:45 - Factory Confiscates Mold During Dispute
25:27 - Supply Chain Visibility and Customs Compliance
28:52 - Importance of Taking CBP Seriously
31:06 - Online Contact Information for Tariff Services3


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Transcript

Bradley Sutton:
Today's guest has got tons of strategies to help you avoid potential pitfalls that would be extremely costly when importing products from overseas, but he's also got a wealth of experience since he started selling on Amazon over 20 years ago. How cool is that? Pretty cool, I think. Hello everybody and welcome to another episode of the Serious Sellers Podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that's completely BS-free, unscripted and unrehearsed. Organic conversation about serious strategies for serious sellers of any level in the e-commerce world. And it's funny for the first time in like 570 episodes, I was recording an episode last week and then noticed that the recording wasn't working, so we're having to start all over again. So thanks to our guests for being accommodating, but at the same time, thanks to my terrible memory, I think I already forgot most of what we had talked about already. So it's going to be still new for me, just as it is for the audience right here. So, Afolabi, welcome to the show. How's it going this morning? Thank you again for coming on for a second time.
 
Afolabi:
I'm good. Thank you, Bradley, for having me over. Thanks a lot, I'm excited.
 
Bradley Sutton:
Awesome! Now we were talking about where I'm from right before this call, where I'm at right now. Where are you in the United States right now?
 
Afolabi:
I'm in Pennsylvania. I'm sitting at a 3PL here in Eastern PA.
 
Bradley S
Released:
Jun 22, 2024
Format:
Podcast episode

Titles in the series (100)

The Serious Sellers Podcast brings together top industry experts, the latest trends, & rock solid advice on best practices in the Amazon FBA world. Discover how you can leverage the information in this no-nonsense podcast to build and scale your business on Amazon.