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How Forever Stamp Value Will Affect Postage For Businesses

How Forever Stamp Value Will Affect Postage For Businesses. Origins Of The Forever Stamp, Why Do Forever Stamps Have Special Value?

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How Forever Stamp Value Will Affect Postage For Businesses

If your business involves sending out high volumes of mail regularly, you may need to consider getting Forever Stamps to save on costs. 

These stamps can be bought at the current price of 1st-class mail stamps, which can cover letters weighing up to 1 oz. And use them indefinitely.   

As stamp rates are historically more inclined to increase rather than decrease in cost, getting Forever Stamps can help cut your business spending.  

If you need more convincing on the value-added benefits of Forever Stamps, read on to find out more about these special stamps.   

1. Origins Of The Forever Stamp 

Postage stamp with New York Statue of Liberty, the flag of United States of America and the word freedom forever. Vector illustration of USA stamp with a rubber stamp.

Issued by the United States Postal Service (USPS), the first-ever Forever Stamp was offered to the public in 2007 and featured the Old State House Bell. All 1st-class, 1-oz. stamps became Forever Stamps in 2011. There were some exceptions, though: they were stamps in rolls of 10,000, 3,000, and 500.

From then on, the USPS has used Forever Stamps more fervently, and in 2015, expanded the concept of Forever Stamps to their postcards. 

2. Why Do Forever Stamps Have Special Value?

The value of a USPS Forever Stamp lies in its unlimited validity. As its name implies, this special stamp can be used regardless of when you bought it. Forever Stamp holders can use it for sending international mails, too, with added postage, as fees for cross-country shipping are pricier. 

The USPS said it offered Forever Stamp for consumers’ convenience in times of price movements on its website. 

3. When Should Businesses Buy These Stamps? 

Since 2019, there has been no movement in stamp costs, but this will change come August 29 when, from $0.55, the price for each stamp will rise to $0.58. A letter that weighs more than 1 oz. Remains the same, at an extra 15 cents.

Any time before August will be the best time to get your Forever Stamp. If your business will purchase the special stamps by then, this means your business will be saving $0.03 for every letter sent. 

4. How Can Forever Stamps Help Your Business Postage Costs? 

A savings of $0.03 may not be much, but if your enterprise ships out 4,000 letters in a month, it could translate to $120.    

Bulk-buying Forever Stamps and choosing the best business mail service provider go hand-in-hand in further lowering the postage costs for business. 

Besides customer savings, Forever Stamps also help lower the operational costs of USPS. Because of its seemingly unrestricted use, the USPS doesn’t have to spend money collecting and destroying obsolete stamps.   

These special stamps are also convenient to customers who don’t have to purchase new stamps carrying the current prices (also called ‘denominated stamps’) before or after postage price fluctuations take effect. 

5. How Do Forever Stamps Work?        

Forever Stamps may be purchased at any post office branch nearest your area. You may also check out USPS.com online store. On there, you’ll see stamps in books of 20, for a total price of $11. Notice that you won’t see any price printed on the logo’s face, unlike the stamps sold some decades ago. 

For those who prefer doing the traditional way, you may call the postal office through its toll-free number, 1-800-STAMP-24 (1-800-782-6724). Select grocery stores and gift shops carry this stamp as well. 

These special stamps sell like 1st-class mail stamps. They don’t change in price. They’re also valued at the current price for the 1st-class stamp, not at the price you bought them for. 

A Forever Stamp can be used in the same manner as for regular stamps. You only need to know how much postage fees you need to pay for your letter, stick the appropriate number of stamps on the mail, and drop the letter in the mailbox.   

Of course, you may need to stick more than one stamp, for instance, on mails weighing more than an ounce. 

Buying a Forever Stamp for your business may be cost-effective, being that postage rates are more likely to increase rather than deflate. In the past century, the postage costs shrunk only two times. First, in 1919 from three to two cents, and second, in 2016, from $0.49 to $0.47. The price recovered a few months later.   

6. Can You Use Forever Stamps For An Overseas Mail?

The short answer is yes. So, if your business is planning to send out international mails, too, you may need more Forever Stamps since sending emails outside the country costs more than domestic addresses.  

When sending to an international recipient, all you have to do is find out how much it’s going to cost your business. Divide the total cost by the current price of a 1st-class mail stamp, and you’ll get your answer.   

For instance, if you bought a USD$ 0.30 stamp today and the rates suddenly increased to USD$ 0.50 the next day, and you need to send a mail with postage cost of $1.50, you can place three Forever Stamps, now valued at USD$ 0.50 each, instead of the $0.30 you bought each for.   

The only downside in using Forever Stamps is that you’ll spend more instead of saving on costs in cases where postage rates are just a little over the price of one stamp. 

If your postage cost, for example, is USD$ 0.50, and Forever Stamps are valued at $0.45, you need to stick two of these special stamps on the letter, translating to a loss of $0.40.     

7. Understanding How US Stamp Rates Work

The USPS is one of the largest federal agencies, employing about 6,730,000 workers as of 2020. The agency doesn’t have a hand in setting postage rates. The US stamp rates are regulated by the Postal Regulatory Commission (PRC), supervised by the US Congress.   

Rate increases are rather dependent on inflation rates. When inflation is in effect, the USPS will send a request to PRC for rate hike approval. 

Throughout its price history, the biggest increase may as well have been in 2018-2019, where the price jumped to USD$ 0.55, from $0.50. Technically, the highest increase was recorded from 1980 to 1990, which recorded a $0.10 hike.       

As forever stamps can be used no matter when it was issued, you can try launching an online search to find cheaper ones. Some stores offer discounts on Forever Stamps.    

Final Thoughts 

Because of its cost-saving value, buying several pads of Forever Stamps is beneficial for businesses that require hundreds, if not thousands, of emails to be sent regularly.  

Organizations that employ traditional marketing methods, for instance, should start collecting these special stamps before the scheduled price increase in August to reduce their spending. 

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5 Features Of A Proactive IT Strategy

Here are some of the features that’ll help you have a clear understanding of what a proactive IT strategy is:

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Some organizations take a reactive and break-fix approach to their organization’s IT support system. Essentially, they wait until a machine breaks down, and then they start making an effort to fix it. This approach usually leads to unwarranted interruptions in the organization’s workflow.

To avoid such, it’s best to have proactive IT strategies. Experts continuously monitor and assess whether the systems are in the right conditions, check for potential trouble beforehand, and fix them before they become a significant problem.

For this reason, you’d like to be proactive in your business and enjoy the benefits that come with it. Here are some of the features that’ll help you have a clear understanding of what a proactive IT strategy is:

1. Learns From The Past

To avoid making mistakes, it’s good to understand the errors that have happened in the past and come up with measures to prevent repeating the same mistakes. For instance, if your business database was hacked, it’s critical to investigate and try to pinpoint the security loophole that made the breach possible.

Perhaps it was due to the lack of a firewall, or the passwords were easy enough for Tom, Dick, and Harry to guess. Moving on, you’d want to have a firewall in place, create stronger passwords that are hard to crack, and also enforce other measures to make your data more secure.

2. 24/7 Vigilance

You understand that cybercriminals are working day and night to access sensitive business data and jeopardize your business. It might be a costly miscalculation on your part if you leave the security bit of your system to a nine to five employee. A lot of damage can happen during the lengthy period they’re not at work. And by the time they report to work, the cybercriminals may have accomplished their mission of stealing data or corrupting your system.

What you need is round-the-clock surveillance of your IT system. It may not be possible with an in-house IT department, and that’s why it’s advisable to hire a managed IT solutions company. Such firms have a large team of experts that can instantly respond to any data breach or technical hitch in your system. This way, you can prevent hackers from going too far with their malicious attacks and significantly reduce your server downtime.

5 Features Of A Proactive IT Strategy

3. Keeps Pace With Latest Trends

Currently, almost every company is undergoing digital transformation due to the dozens of benefits set to be reaped. Some of the latest IT trends you need to consider include cloud computing, artificial intelligence, edge computing, machine learning, cyber security, virtual reality, the internet of things, and robotic process automation.

Being up to date with the current technological trends gives your organization a competitive advantage. Consumers worldwide prefer doing business with companies that embrace the latest technologies. The chances are high that your competitors are also using modern technology to run their businesses. You wouldn’t want to lag with outdated technology, as you’ll never manage to amass a large customer base like them.

4. Remote Accessibility

In today’s world, it might be inconvenient to restrict operations to a stationery office or location. Thus, you wouldn’t want to have servers with no internet connection. Your IT staff and other employees must be able to access the company database from elsewhere other than the office. This enables them to work while traveling or from home.

It also enables you to employ managed service providers. They can control your IT system from their offices without having to report in person at your business premises. This way, they can quickly update the system or detect a problem and fix it regardless of where they are. It also helps a lot during those times your workplace is inaccessible, perhaps due to government-enforced lockdowns or natural disasters, such as floods.

5. Tight Security

A proactive IT strategy ensures that the organization’s security systems are tight. This will reduce the risk of data breaches which can cost your company millions of dollars and interrupt your company’s workflow. Millions of businesses worldwide fall prey to cybercriminals every year. Thus, security is of utmost importance to every business that wholly or partially operates online. Here are a few tips to improving the safety of your IT system:

  • Assigning minimum privileges to administrators
  • Identifying vulnerabilities, such as the Bring Your Device (BYOD) approach, and planning for various related threats
  • Using several layers of independent defenses, such as solid passwords plus two-factor authentication
  • Regularly backing up all vital business data
  • Continuously conducting risk assessments and testing the effectiveness of the security systems implemented

Conclusion

Some of the critical features of such a system include digital technology, tight security, remote accessibility, and 24/7 vigilance. A proactive IT strategy enables you to see threats from afar and develop solutions to combat them before the molehill turns into a mountain. To make this a reality in your business, consider outsourcing managed IT solutions from reputable firms.

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