Friday, 12 September 2008

Stamp Collecting for Profit

The number one hobby is stamp collecting, the number grow each day and with this the demand for stamps increases each day. It is a hobby that educates but at the same time can also be extremely profitable.

Stamps being of monetary value always hold there price is unused but it does stop there. The price of stamps is steadily rise due to the supply of stamps falling and demand increasing

A collection is usually started just for the pleasure and hobby, but this hobby, but the financial rewards come about as experience increases over time.

If you already have a good size collection and a bit of experience why not make extra money from it.

You will need or may already have a stamp album, hinges, magnifying glass and stamp tongs. If you don't they can be bought online or from a stationary store or local stamp dealer.

Stamps should always be handled with tongs as because the condition the stamp is in is important and commensurate to the price of resale value. There are various grades of stamps usually categorised as mint, very fine, fine, good and poor. Stamps in mint condition often sell at many times their catalogue value and this should be bourn in mind when handling.

There are a few book that give lists of every stamp in the world. It is in your interest to have one as a guide to the value you should buy and sell, this will effectively be your bible and guide to profit made. An online catalogue can be found with Stanley Gibbons or at http://en.wikibooks.org. Alternatively, if you want to initially check out your local library, they will have these stamp catalogues there and will give you an idea how valuable the book is to your business.

To start your collection is a very easy task. Simply ask everybody you know to save their stamps and give them to you. Go through all your old mail, the chances are that you will find many that way. Car boot sales, charity shops, and jumble sales will be another cheap source fro building up you collection.

When you have doubles find other stamp collectors and swap. There are hundreds of philatelic clubs all over the world and as a collector an potential dealer is advised you join one, not just for contacts but for good deals, advice and trading. Nothing can substitute the education you will gain and enhance your profit margin from you experience from them.

Try and read as much as you can about stamps by subscribing to a philatelic magazine, again this is money in the bank with the wealth of advice that you gain from them.

Stamps are a commodity; you will never lose as you can always go to a dealer who will give you the current wholesale value of your stamps. It remains for you to go one step beyond this by selling to other stamp collectors by advertising in magazines and newspapers that specialise in stamp collecting. A very good guide to selling stamps can be found at www.stampdomain.com.

In addition, by surveying several up to date issues of these magazines you can compare the advertisements to what you have to offer.

Quality instead of quantity is the big secret to improved profits and with a diverse collection the spread will see you through well rather than specialising in one area.

At the end of the day this business idea is one of the safest going, stamps never go down in price. Combined with the fact that stamp collecting is the most popular hobby in the world is a guarantee you will always have customers who wish to buy.



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This policy is valid from 1 January 2009 This blog is a personal blog written and edited by me. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always be identified as paid or sponsored content. This blog does not contain any content which might present a conflict of interest.

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