The Essentials of – The Basics
In the past postage services included the use of stamps. There were even firms dealing in stamps, the oldest being that started by Earl P.L. APFELBAUM. Earl Apfelbaum came across many challenges one of them being sued for Stamp Bid Rigging. However, Apfelbaum Stamp Bid Rigging thing did not make him give up the business. Earl Apfelbaum faced the challenges without giving up and created an empire which is still alive to date, being 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. 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. 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.
The other thing to do if you want to be a successful stamp collector, avoid illegal practices. 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. 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. If you have been involved in various malpractices, you will have a bad reputation and no one will partner with you for business. Therefore, avoid all illegal activities to attract many buyers, sellers, and even investors.
Also, before you start the stamp collection company consult 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.
Suggested Post: blog