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<p>[QUOTE="Mike Thorne, post: 4619219, member: 56869"]I had a part-time mail order coin/stamp business for 10 years from the late 70s to the mid 80s. Believe it or not, I made a profit that I paid taxes on every year. My secret, for what it's worth, was to give the absolutely best service imaginable. Virtually ever order I received left my post office within 24 hours. I never held a check pending clearance, although I did occasionally call the bank on which the check was drawn to see if the account was legit and had enough money to cover the check. I only did this for new customers who sent an expensive first order.</p><p><br /></p><p>The real secret to making money in mail-order coins was to buy right and to be very, very strict with grading. This was before certification, of course, and before digital photos. I also put my price list inside a newsletter that my long-term customers really liked. The newsletter was about me and my family mostly. Also, my family occasionally visited and spent the night with some of my better customers when we were in their area. I mostly enjoyed the whole experience immensely, but I eventually realized I could make as much or more money writing about coins, and the writing took a whole lot less time.[/QUOTE]</p><p><br /></p>
[QUOTE="Mike Thorne, post: 4619219, member: 56869"]I had a part-time mail order coin/stamp business for 10 years from the late 70s to the mid 80s. Believe it or not, I made a profit that I paid taxes on every year. My secret, for what it's worth, was to give the absolutely best service imaginable. Virtually ever order I received left my post office within 24 hours. I never held a check pending clearance, although I did occasionally call the bank on which the check was drawn to see if the account was legit and had enough money to cover the check. I only did this for new customers who sent an expensive first order. The real secret to making money in mail-order coins was to buy right and to be very, very strict with grading. This was before certification, of course, and before digital photos. I also put my price list inside a newsletter that my long-term customers really liked. The newsletter was about me and my family mostly. Also, my family occasionally visited and spent the night with some of my better customers when we were in their area. I mostly enjoyed the whole experience immensely, but I eventually realized I could make as much or more money writing about coins, and the writing took a whole lot less time.[/QUOTE]
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