In the previous century postage services involved the use of stamps. There were even firms dealing in stamps, the oldest being that started by Earl P.L. APFELBAUM. Earl Apfelbaum faced many challenges in the begin, the main one being accused of 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. 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. This piece of writing is to give those who want to become stamp dealers tips for becoming successful. These are the things to note if you want to become an ideal 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? Having a license is important because it will distinguish you or your firm from the fraud service providers that exist in the field. The government is always hunting fraud stamp dealers in the market. Therefore, you can be law-abiding by having a valid license for your stamp collection business. 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. Stamp Bid Rigging is one of the illegal activities that all dealer should avoid in the market. Leaving such activities will help you to be in harmony with the authorities. Stamp bid rigging is a crime and can take you to jail. Therefore, as a stamp dealer, try and avoid any illegal activities associated with your business. Different stakeholders will look at your reputation before they buy, sell or invest in your business. Engaging in illegal activities will give you a bad image, and as a result no stakeholder will associate with your firm. So, avoid any illegal activity so that your stamp collection company may ,have many buyers, sellers, and investors.
Third, if you want to become a successful stamp collector, you need to consult with 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.