Things to Consider When Collecting Stamps
Stamps were used in the past for postage services. Earl P.L. APFELBAUM was one of the stamp dealers in the market during that era. Earl Apfelbaum faced many challenges in the begin, the main one being accused of Stamp Bid Rigging. However, Apfelbaum Stamp Bid Rigging thing did not make him give up the business. Earl Apfelbaum continued with the company which is being up to date 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. Therefore, to become a successful stamp collector, there are some things to consider. The aim of this article is to gives tips to those who want to become stamp dealers. Here are some of the important things to note if you want to become a stamp dealer.
It is a requirement that before you join the market as a stamp dealer, you need to license yourself or your company. So, whether you function as a sole proprietor or company, you must have work permit. So, why do you need a license? In case you license yourself or your firm, you won’t be categorized as fraud service providers. Remember that the state authorities are always looking for fake service providers. For that reason, get a valid work permit to be considered law-abiding. By doing so, the buyers and various stakeholders will be in peace working with you.
Avoiding various malpractices is another important thing to do if your want to become a successful stamp dealer. The stamp collecting business has some illegal activities that people should avoid such as bid stamp bid rigging. Leaving such activities will help you to be in harmony with the authorities. Participating is stamp bid rigging is a crime and will take you to jail. Try and avoid any illegal activities associated with stamp collection business to be successful like Earl Apfelbaum. Different stakeholders will look at your reputation before they buy, sell or invest in your business. In case you or your firm is known to have been involved in illegal activities, no stakeholder will join you because of the bad image you have in the market. For that reason, you need to avoid various malpractices to be attract many sellers, buyers, and even investors.
Third, if you want to become a successful stamp collector, you need to consult with the experts. The good thing with working with the experts is that you will be ahead; you will know all the problems associated with stamp collection business, and the possible solutions to the problem, this will give you a upper hand of becoming successful The experts’ advise will make your prosperous.