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. However, Apfelbaum Stamp Bid Rigging thing did not make him give up the business. Earl Apfelbaum soldiered on up to now, his firms exists and is 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. To become a successful stamp collector, use the tips in this article. Here are some of the important things to note if you want to become a stamp dealer.
The important thing to do if you want to be a successful stamp dealer, make sure you have a license. Whether you are operating as an individual or a company, you need to be licensed. Therefore, why should you have working permit. In case you license yourself or your firm, you won’t be categorized as fraud service providers. All you should know is that the government is constantly pursuing fake service providers 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.
Second, for you to become a successful stamp dealer, you need to 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. You can be jailed if found guilty of stamp bid rigging. So, to be success stamp collector like Earl Apfelbaum, avoid any illegal activities. 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.
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 experts’ advise will make your prosperous.