Stamps were used in the past for postage services. Earl P.L. APFELBAUM was one of the stamp dealers in the market during that era. Earl Apfelbaum faced many challenges in the begin, the main one being accused of 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. The short history shows that if you want to become a stamp dealer there are a lot of challenges. 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. Here are some of the important things to note if you want to become a 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. Therefore, why should you have working permit. Having a license is important because it will distinguish you or your firm from the fraud service providers that exist in the field. All you should know is that the government is constantly pursuing fake service providers in the market. 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.
Second, for you to become a successful stamp dealer, you need to avoid illegal practices. In this stamp collecting business, there are some activities like stamp bid rigging. Leaving such activities will help you to be in harmony with the authorities. Participating is stamp bid rigging is a crime and will take you to jail. Therefore, as a stamp dealer, try and avoid any illegal activities associated with your business. Stakeholders in the market will consider your reputation before they buy, sell, or invest in your stamp collection business. If you have been involved in various malpractices, you will have a bad reputation and no one will partner with you for business. 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 experts’ advise will make your prosperous.