NEWSLETTER - Pat's Ponderings
| Big
Changes in Recent Years |
Stamp
Shows For well over ten years, I put on stamp shows in Denver, starting at the old Quality Inn on Hampden
Avenue, which closed and is now razed, then changing to a Holiday Inn
and, finally, to the Embassy Suites, again on Hampden Avenue. My
final event was in November, 2005. Most collectors would think
that the reason for the demise of the shows was fall-off in
attendance or lack of dealers, but that was not the case.
Rather, it was contract problems with the hotel and the lack of
suitable alternatives. Most hobby shows do not bring much
money to a hotel like the Embassy Suites. With mostly a local
crowd, even for my two-day events, little or no money was spent on
rooms, food and drink, the life-blood of the hotel business.
Consequently, the hotel was not too concerned about unilaterally
changing my contract, forcing me to change dates or, in one case, to
cancel a show entirely. We had a steady following for the
one-day events until the last. The final Colorado Stamp
Bonanza, two days in July, 2005, the twenty-first such event, was
actually the largest ever of these shows, with seventeen dealers,
including many from out of state. Over the years, more than
one hundred dealers participated in my stamp shows and well over one
thousand Colorado stamp collectors attended, at one time or
another. The shows were lots of fun for both collectors and
dealers and many good friendships were built over the years. I
owe particular thanks to fellow dealers Joe Neri, Joe Lambert and
the late Max Hickox, who
supported my shows faithfully over the years, as well as to the many
other dealers who participated, whether frequently or
occasionally. Thanks also, of course, to the collectors who made these
stamp shows successful.
I
have also cut back significantly on doing out-of-state stamp shows
in recent years, finally doing only Westpex in San Francisco,
arguably the best show on the west coast and, for postal history,
the best show in the country. With great reluctance, I gave up
Westpex this year, for it was a very strong event for me, year after
year. I will continue, however, doing the Rocky Mountain
Stamp Show in Denver, which will be the only major stamp show on my schedule in
the future.
On
to the Internet! So, without stamp shows, what do you
do? I put much more emphasis on selling on my web site,
started selling on eBay and continued selling through the APS
StampStore, which has been a very good venue for me to sell stamps.
The
transition to eBay is a big one, at least if you want to do serious
business. I have paid my dues here, and now tend to
consistently achieve my sales goals. You may be aware that
stamp dealing is a very labor-intensive business. It becomes
much more so with eBay or a web site because of the email traffic, the need to
scan lots, data entry on the computer, invoicing and the need to
mail out lots. With stamp shows, to a considerable extent,
it's location, location, location. With eBay, it's procedures,
procedures, procedures! These have to be worked out carefully,
unless you want to be a slave to the computer.
At first,
in selling on eBay, there was some concern about offering more
expensive material. I
started out very tentatively, putting up low-priced material, until
I gained confidence in this market place. The thing that
really makes eBay a success is the "feedback" system, in
which both buyers and sellers are rated on their adherence to good
and honest business practices. Then, there is the warm feeling
you get when you put up a lot that sells for eight or ten times what
you thought it would bring. That does happen occasionally, but
not often enough to be really significant. You rather quickly gain confidence in eBay as a venue and offer better quality
material. Because eBay is an auction venue, it is desirable to
set a starting price somewhat below what you hope that a lot will
bring, to encourage collectors to "track" the lot and to
develop competitive bidding.
Search engines make the Internet a
very attractive place to buy and sell stamps, postal history, postal
stationery, supplies--anything philatelic, you name it! I find
that I sell much more topical or thematic material on the Internet
than I ever did at stamp shows. If an item shows
"butterflies", "birds", "maps", "space" or some other popular topic,
then simply mention it in the item description and let the search
engines do their work. It is not hard to spot a topical
collector when a sale involves four or five items with the same
thematic interest.
Well over half of my eBay and web site sales are to collectors
(and dealers) outside of the United States. The majority of these are in
Europe, including eastern Europe, followed by Asia, Canada, Australia, New Zealand, Latin America and,
less frequently, to
Africa. PayPal, an alternative which I offer to receive
payments, is a
very important service that is not only secure, but makes currency
exchanges an invisible
part of my business. Many collectors prefer to do business the
old fashioned way, of course, by means of checks or money orders.
For
me, perhaps the most attractive aspect of selling on the Internet,
whether on my web site or on eBay, is that I can sell from the large
quantity of material, including stamps, postal history, postal
stationery and just "stuff", that I have accumulated over
the years, material that didn't sell at the stamp shows I did over
the years. With the Internet, I have a huge number of
potential buyers, who have never seen this material. Any stamp
dealer will tell you that there is a certain pleasure in seeing an
"old friend" go--it may be a nice item, but you didn't
really want to own it forever. I still buy aggressively, but
more selectively than when I was doing stamp shows.
|