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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 continued with the company which is being up to date is under the management of his grandchildren. Earl Apfelbaum’s story proves that becoming a successful stamp dealer is not an easy thing. For that reason, there are some important things you need to consider for you to become a successful stamp dealer. 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? 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.

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. Leaving such activities will help you to be in harmony 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. Engaging in illegal activities will give you a bad image, and as a result no stakeholder will associate with your firm. 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. 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 idea from the experts will make you successful.