Miscellaneous

What You Should Know About This Year

Things to Consider When Collecting Stamps

In the previous century postage services involved the use of stamps. Earl P.L. APFELBAUM was one of the stamp dealers in the market during that era. 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 faced the challenges without giving up and created an empire which is still alive to date, being under the management of his grandchildren. With Earl Apfelbaum’s story, you can tell that there are many challenges that stamp collectors face. So, there are some important considerations to make before joining the business. The aim of this article is to gives tips to those who want to become stamp dealers. These are the things to note if you want to become an ideal stamp dealer.

First, to become a successful stamp collector get a license. 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. For that reason, get a valid work permit to be considered law-abiding. Doing this will even give buyers and other stakeholders the confidence of working with you or your firm.

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. You need to avoid such illegal activities to be in peace with the authorities. You can be jailed if found guilty of stamp bid rigging. So, to be success stamp collector like Earl Apfelbaum, avoid any illegal activities. Stakeholders in the market will consider your reputation before they buy, sell, or invest in your stamp collection 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. So, avoid any illegal activity so that your stamp collection company may ,have many buyers, sellers, and 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. Experts have skills to make your firm successful.