Currency Calamity! Not so Sterling after all...

The global downturn took a turn for the worse here in the UK in the last week or two with Sterling taking a pounding against the dollar...and the dollar's set for more of a pounding...

All doom and gloom!

Not necessarily... see, not long back £1 pretty much equaled $2. Now, it's closer to $1.5.

So, let's look at a very crude example. Let's say your monthly income from promoting WA is $300. So, a few months back when converted to £ that would have given you £150 in your UK Bank account. (I'm ignoring charges for simplicity's sake.)

Now that $300 will give you £200! Bit of a difference that. But your WA fee is more expensive (along with anything else you have to buy in $) right?

So just keep some $$$ in your PayPal account. (It's easy to set up multiple currencies in PayPal)

Now, I'm not wanting to encourage you to become currency speculators but that's a simplistic way of doing a practical thing and I guess most of you already do that anyway.

It's the little things that help though in times like these.

Here's another one... a good few month's back Thad put up a great post in DUK about the opportunities that are there in a bad economic situation.

A short time back I turned that into an Ezine which you can see here... (some of you may have seen this already...I often forget where I put things)

Niche Marketing in a Bad Economy

It's not all doom and gloom...more a question of mindset

HTH

Dave B