After Losing Over $100,000 on Bad Products Sourced in China, and $20,000 to a Scammer, Raine Mahdi Founded ZIPFOX to Provide a Better Product Sourcing Platform | EP. 275 | Business Podcast
Summary
In a candid conversation Raine shares his entrepreneur journey, lessons learned that can help you and your business and what ultimately led him to founding ZIPFOX.
Raine Mahdi CEO and Founder of the global sourcing platform ZIPFOX. He previously founded packaging import company, Hawk Packaging.
During his 10+ year career as a buyer, he spent countless hours searching for suppliers on China-based websites where you could never really tell what was real, or who was trustworthy.
Sending money overseas with no protection was absolutely nerve-wracking and even after months of research, it still felt like a gamble everytime – and it was!
After losing over $100,000 on bad products, and $20,000 to a scammer (who was listed as a “gold supplier”), Raine knew there needed to be a better way.
Raine founded ZIPFOX with the aim to offer the world’s best factories, a simple process that everyone can understand, quicker delivery times, and payment protection on every order
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