How to Become a Mail Order Coin Dealer
Collectors are always interested in usual and unusual things. Some of these collect something as simple as postage stamps while other look for more exotic or rare products. One of the more common collector’s favourite items is coins.
These are always in demand and you can make a good business out of selling them. Becoming a mail order coin dealer is not very difficult and is based on a process that you must go through. Once you know the craft, you can make good money out of it and run it on professional lines.
Instructions
-
1
Learn the Craft
Learn how to grade and value coins and how to spot fakes. This will help you in understanding the business and how it works. Also, be at home with which coins are more in demand and sell better and which are easier to procure for a better price. Before starting the work, understanding the fine details is of paramount importance. -
2
Determine Supply Chain
You will need to have a reliable supply chain in order to be able to run the business successfully. Good suppliers should be engaged who can sell these to you in bulk and for better prices than the market price so that you can make some money as well. Also, look for individuals who sell them for good prices. Once you have the supply chain ready, you should be all set for business. -
3
Get Registered
Getting the business registered is very important. Make sure that you do it so that you do not get any complications later on. This will also protect you with some legal cover. -
4
Get Mail Order Printed and Sent
Get mail orders printed with good quality pictures of the stock and highlight the best coins in your stock. Make sure that the paper used in these pamphlets and mail order is of good quality so that it leaves a good impression. Get a list of known buyers from a mail order-label company and mail them out. -
5
Promote Online
Also, promote your business online as there you can reach even more buyers. Make sure that you are able to ship overseas as well since that can add more to the business. -
6
Wait for Orders
Once the cat is out of the hat, you should be getting orders but that is likely going to take some time, so do not worry. Once the orders start coming in, make sure that you ship them on time and build your reputation.
