How 80% of Amazon Sellers are Leaving Money on the Table w/ Afolabi Oyerokun - Ep - 543 - Lunch With Norm

Lunch With Norm - The eCommerce & Amazon FBA Podcast

Norman Farrar

Marketing, Entrepreneurship, Business, Business:entrepreneurship

5 • 1.4K Ratings

🗓️ 27 January 2024

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s Lunch With Norm, we are with the co-founder of HONU Worldwide, Afolabi Oyerokun! We discussed how 80% of Amazon Sellers are leaving money on the table. Find out how do you know if you are overpaying with your HS codes. Our guest has been learning and developing the best logistics strategies, relationships, and tactics to streamline and improve profitability for his clients. This episode is brought to you by Post Purchase Pro Post Purchase PRO specializes in helping Amazon sellers create more sales, ranking, and reviews through post-purchase marketing. Finally, your email marketing can be actively managed by professionals with over 30 years of experience so you can focus on running your business. Increase repeat purchases, drive better organic search term ranking, get more reviews, and build a real asset. For more information visit https://www.postpurchasepro.com/lunch This episode is brought to you by Startup Club Startup Club is the largest club on Clubhouse supporting the Startup ecosystem. Startup Club offers an exciting sense of belonging to established and aspiring entrepreneurs, startup businesses, and companies wanting to Learn, Connect, and Grow. Join us for conversations with founders, entrepreneurs, angel investors, venture capitalists, subject matter experts, and more. For more information visit https://Startup.club This episode is brought to you by VAA Philippines VAA offers Amazon sellers access to high-quality and reliable virtual assistants from the Philippines. VAA invests in their virtual assistants through a thorough screening process, intensive Amazon training, ongoing professional development, and support. Hiring through VAA gives Amazon sellers peace of mind with a dedicated, skilled and motivated virtual assistant who is committed to a long-term working relationship. The company’s founders have a deep understanding of the Amazon marketplace and ensure that their virtual assistants are always up-to-date with the latest tools and trends. For more information visit https://www.vaaphilippines.com This episode is brought to you by Seller Basics Seller Basics is the ultimate guardian for account suspensions, ASIN hiccups, and IP headaches. For only $99 per month, Seller Basics provides a dedicated team to safeguard your business. And that's not all! Gain access to free legal consultations with seasoned eCommerce attorneys. With no binding contracts, you can cancel anytime with just a month's notice. Consider Seller Basics your Amazon account's comprehensive health plan. For more information visit https://www.sellerbasics.com In this episode, the co-founder of HONU Worldwide, Afolabi Oyerokun, is here. Today, we discussed how 80% of Amazon Sellers are leaving money on the table. He has been learning and developing the best logistics strategies, relationships, and tactics to streamline and improve profitability for his clients. This episode is brought to you by Startup Club, VAA Philippines, Post Purchase Pro, Seller Basics, and HONU Worldwide... *All conversations and information exchanged on the Lunch with Norm podcast or interaction on the Lunch with Norm Website is intended for educational and entertainment purposes only. Do not confuse this with advice or direction with your business per se. Always do your own research before following advice from any podcast/website. Amazon's Terms of Service is always changing. Make sure you are following relevant up-to-date information.

Transcript

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0:00.0	it blew me away how many people didn't know about it and then didn't know how much money they were
0:07.1	saving. And if you're going to try to do it yourself, you will lose it because it's just,
0:13.5	the classifications are very, very difficult. Lunch with New Lunch with New, Luncheon, Lunch,
0:21.1	Lunch, Lunch,
0:21.5	and,
0:23.6	Hey, everyone.
0:26.5	This is Norm Ferrar,
0:27.5	aka the Beard Guy here,
0:29.1	and welcome to another Lunch with Norm,
0:30.8	the e-commerce and Amazon FBA podcast.
0:34.3	Today,
0:35.0	we're going to be discussing how, and this is crazy, but how 80% of Amazon sellers
0:43.2	are leaving money on the table. And I'm talking about thousands, if not tens of thousands of
0:49.0	dollars on the table. We're going to talk about where they're leaving it on the table,
0:53.7	how the sellers can
0:55.0	benefit from this, and how to get ahead of your competition. So welcome to another lunch with
1:00.5	Norm, the e-commerce and Amazon FBA podcast. Okay, today we're going to be talking about how 80%
1:08.3	of sellers are missing out on, it's a shipping shipping it's a shipping cost or a tariff code
1:15.2	and let me see I just I'm still pretty tired from my trip so let me back up so we're
1:25.6	going to be talking about HTS codes we've talked about this before but we're going to get right into So we're going to be talking about HTS codes. We've talked about this before,
1:28.8	but we're going to get right into it. We're going to describe exactly what they are and how we've
1:34.4	saved thousands, even Afilabi, who's going to be our guest today, has saved over $300,000 a year
	...

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