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Stamp Collecting as Hobby and for Profit?
Stamp collecting is a hobby enjoyed by millions of people worldwide. However, what you may not know is that it is not just collecting of stamps, it's more than that
It's seems to be a fact that stamp collecting is a very fulfilling experience for all people around the world. The excitement of acquiring a valuable postage stamp, coupled with the thrill of witnessing its rarity soar throughout the years, is truly an exhilarating feeling. Even with the advancement of emails and digital age, it's should not be a surprise that the hobby of stamp collecting still lives on among the people.
But stamp collecting can be more than just a hobby.
Stamp collecting can actually be a profitable venture, a hobby that can be transformed into a business, and for many entrepreneurs, a dream come true.
Welcome to the business of stamp collecting, where there are many ways to earn substantial income while enjoying the joys of one of the most wonderful and fulfilling pastimes in the world.
The Game Of Speculation
The number one way by which a stamp collector can earn some income from his hobby is, of course, by buying and selling postage stamps.
Just like any investment model, the stamp collector is supposed to sell stamps when they're hot, and but them when they're not. It's just a business of knowing which postage stamp that have the highest chance of appreciation. When there is an appreciation of the value of the stamps, that is where the collector can sell them for a profit.
Speculative stamp collecting is an investment model that requires a small financial investment - currently circulated stamps cost less than $0.50 each - yet yields significant earnings as a normally-priced stamp today can cost as much as $40 in a matter of 2 or 3 years.
Philatelic Investing
Philatelic investing is similar to simple stamp inventing in so far as they both involve the buying and selling of postage stamps. However, whereas the latter is about speculating on currently circulated postage stamps, the former is all about the purchase and eventual disposition of postage stamps that already command significant prices.
Philatelic investing usually involve stamp collecting that are themed. Philatelic investors usually concentrate on specific types of postage stamps, as the variety of published stamps may be too overwhelming for any businessman in this field.
Philatelic investing will need more research. Unlike simple stamp speculation where investments can be bought for mere cents, the subjects of philatelic investing cost hundreds of dollars, and sometimes, thousands of dollar even. Hence, a critical study of market forces, postal history and other relevant information is necessary in order to make sound investments that have the greatest chances of garnering fantastic profit.
Philatelic Brokering
Some people who are deeply involved with this hobby think that speculative postage stamp collecting is not as high-yielding as they'd like to fancy. The problem with philatelic investing is that it does require an amount of investment, which can be pretty tough.
The next best way to capitalize on the prevailing passion for postage stamps is through philatelic brokering.
Philatelic brokering involves offering one's services to find the postage stamps that particular collectors are looking for. It involves the usage of one's knowledge about postage stamps and about postal history as well as the industry to provide for the needs of other collectors... for a fee of course.
A collector may be looking for a 19th century half-penny British stamp of Queen Victoria, for example. If you know where to find one for, say, $850, you can offer your services to the collector. Ask for $1,000 for the said stamp, which will immediately net a profit of $150 for a single transaction.
'New Bad Penny Blues' Humphrey Lyttelton
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