Things to Consider When Collecting Stamps
Stamps were used in the past for postage services. There were even firms dealing in stamps, the oldest being that started by Earl P.L. APFELBAUM. Earl Apfelbaum came across many challenges one of them being sued for Stamp Bid Rigging. But the Apfelbaum Stamp Bid Rigging case did not make give up with the business. Earl Apfelbaum soldiered on up to now, his firms exists and is under the management of his grandchildren. The short history shows that if you want to become a stamp dealer there are a lot of challenges. For that reason, there are some important things you need to consider for you to become a successful stamp dealer. This piece of writing is to give those who want to become stamp dealers tips for becoming successful. So, to be the best stamp collector, consider the following
It is a requirement that before you join the market as a stamp dealer, you need to license yourself or your company. Whether you are operating as an individual or a company, you need to be licensed. So, why do you need a license? In case you license yourself or your firm, you won’t be categorized as fraud service providers. The government is always hunting fraud stamp dealers in the market. So, to avoid breaking the law, license yourself as a stamp collector, or your firm. If you observe that, buyers and other stakeholders will be believe in you, join and support your business.
The other thing to do if you want to be a successful stamp collector, avoid illegal practices. The stamp collecting business has some illegal activities that people should avoid such as bid stamp bid rigging. You need to avoid such illegal activities to be in peace with the authorities. Participating is stamp bid rigging is a crime and will take you to jail. So, to be success stamp collector like Earl Apfelbaum, avoid any illegal activities. Do you know that before any seller, buyer, or investor come to show interest in your stamp collection business, they must consider your reputation? If you have been involved in various malpractices, you will have a bad reputation and no one will partner with you for business. For that reason, you need to avoid various malpractices to be attract many sellers, buyers, and even investors.
Thirdly, if you want to start stamp collection firm learn from the experts. Consulting the experts is good because they will make you aware of the problems you are likely to face, and the possible solutions, this will make you successful in the market. The idea from the experts will make you successful.