Case Study: My Experience With
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 did not find it easy as a dealer, his firm was even 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. Therefore, to become a successful stamp collector, there are some things to consider. This piece of writing is to give those who want to become stamp dealers tips for becoming successful. 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. Therefore, you can be law-abiding by having a valid license for your stamp collection business. 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. In this stamp collecting business, there are some activities like stamp bid rigging. You need to avoid such illegal activities to be in peace with the authorities. Stamp bid rigging is a crime and can take you to jail. Try and avoid any illegal activities associated with stamp collection business to be successful like Earl Apfelbaum. 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. 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. The experts will tell you more about the challenges, and various tips to overcome them so that you become successful. The idea from the experts will make you successful.