ideas for foreign webmasters loosing money over dollar downfall

[Zester]

this is not a wining thread, i'm trying to find a way to minimize the money loss in income this shit is giving me.
because I get paid in dollars and don't have much expense in dollars - i'm loosing tons of cash.

my local currency is not euro or dollars

at first I thought of switching to sponsors using euro for payment - that worked partly as the euro is falling too but not as much as mr.green.
another idea was to recycle a certain amount of income to paid traffic or any other kind of expense, that worked for a while but now the dollar is only going further and further down and I need to pay the rent.

[The Judge]

Move to the US, a dollar here is always worth a dollar no matter what

[klinton]

move somewhere where dollar is still worth something

btw. i'm in the same situation as you, from 2002 to 2008 dolar dropped from 4 pln to 2 pln

[webjoker]

any sponsors that bill their customers in any other currency besides EU or $ ? a currency that is actually more stable these days ?

[k0nr4d]

Originally Posted by klinton

move somewhere where dollar is still worth something

btw. i'm in the same situation as you, from 2002 to 2008 dolar dropped from 4 pln to 2 pln

I'm in that exact same boat. It's like 2.25PLN now. It was 2.6PLN when i got to poland 8 months ago. The I lost like 8k PLN with money in my canadian account just sitting there

My solution now is i typically try to bill in euros for larger jobs. If i quote 2000 euro, its $3000USD now but by the time i actually get paid when i finish the job, it will still be 2000 euro...

If i quoted 3000USD by the time I finish the project its worth much less

[Zester]

Originally Posted by k0nr4d

My solution now is i typically try to bill in euros for larger jobs. If i quote 2000 euro, its $3000USD now but by the time i actually get paid when i finish the job, it will still be 2000 euro...

If i quoted 3000USD by the time I finish the project its worth much less

we should start quote jobs by oil barrels

[Garvin]

Here's another tip:

Work more and/or smarter

[fraggle]

buy assets in usd and liquidate them later. set up a business in the us using dollars hedging bets on a increase in usd value post elections. save dollars for later. buy depreciated US stocks with large asset base which are likely to be undervalued at a time of economic depression and hold them. otherwise focus on being paid in euros.

[Sarah_Jayne]

Originally Posted by Garvin

Here's another tip:

Work more and/or smarter

I am pretty sure that most of us that live in a Pound or Euro society have long known we had to work harder but you have to do that just to stay at the same wage.

[Axel XXX]

Buy items on eBay in dollars and sell them in your local currency

[Lykos]

my bank counts me 1.58 today,jesus

[Zester]

Originally Posted by The Judge

Move to the US, a dollar here is always worth a dollar no matter what

give me a green card and i'm there

[Paul Markham]

Originally Posted by webjoker

any sponsors that bill their customers in any other currency besides EU or $ ? a currency that is actually more stable these days ?

On our new sites we will be doing this, will link it to the UK pound.

But no one here likes me so I don't expect anyone to be swayed by the prospect of earning money in a currency that will be in the shit house soon and then in the sewers.

We were getting 35 CZK to the $, it was as high as 40. Now it's at 15 and when you tell me I'm going broke you know why. 50% of our income has gone. This without the industry slow down.

[Trax]

buy forwards, futures or options to hedge your position and put a floor on your potential losses.

[Nicky]

Originally Posted by Axel XXX

Buy items on eBay in dollars and sell them in your local currency

This is what I am trying to do with part of my $ income, I usually double the value once it's sold here in Sweden.

[cranki]

Originally Posted by Axel XXX

Buy items on eBay in dollars and sell them in your local currency

that's actually a pretty good idea...

[u-Bob]

Originally Posted by The Judge

Move to the US, a dollar here is always worth a dollar no matter what

think again.

[J. Falcon]

I thought you were going to offer some ideas, not ask us for advice lol-

[CarlosTheGaucho]

As I always advice - keep the dollars and spend them on the dollar market..

I bought me the most hilarious stuff in and from the States - electronics, clothing and all kinds of shit is incredibly cheap..

[cranki]

Originally Posted by CarlosTheGaucho

As I always advice - keep the dollars and spend them on the dollar market..

I bought me the most hilarious stuff in and from the States - electronics, clothing and all kinds of shit is incredibly cheap..

don't you have to pay VAT and customs duty for imported goods?

[The Duck]

Its below 6 SEK now and its really bad, this is designed geoeconomics played out in front of our eyes.

[xmas13]

Buy gold ;)

[MaDalton]

Originally Posted by cranki

don't you have to pay VAT and customs duty for imported goods?

only when they catch you - lol

[klinton]

Originally Posted by MaDalton

only when they catch you - lol

......

i paid 37 % fees....

[Stephen McTowelie]

Have you considered using a UK sponsor ?
Here at Adult Business we have some of the best converting dating programs in the UK.
Hit me up if you'd like to hear more on how make money from the UK

[Sarah_Jayne]

Originally Posted by Stephen McTowelie

Have you considered using a UK sponsor ?
Here at Adult Business we have some of the best converting dating programs in the UK.
Hit me up if you'd like to hear more on how make money from the UK

I have mixed in a number of sponsors that pay out in pounds into my sponsor collection. They still determine that amount of pounds you get from the amount of dollars you earned with them but it is nice to get a check in pounds regardless.

[DutchTeenCash]

Originally Posted by The Judge

Move to the US, a dollar here is always worth a dollar no matter what

not true

[DutchTeenCash]

Originally Posted by CarlosTheGaucho

As I always advice - keep the dollars and spend them on the dollar market..

I bought me the most hilarious stuff in and from the States - electronics, clothing and all kinds of shit is incredibly cheap..

175 euro per person is allowed into Holland legally thats already a lot if youre not bringing laptops n all and travelling with 2 or more

[cemtex]

Originally Posted by The Judge

Move to the US, a dollar here is always worth a dollar no matter what

wait three months !

[AlienQ - BANNED FOR LIFE]

I love threads like this.
Hire an American to work for ya it will cost less.

[Slappin Fish]

Originally Posted by AlienQ

I love threads like this.
Hire an American to work for ya it will cost less.

It won't cost less, since we are also paid in dollars. It will cost the same. that is the problem.

[Zuss]

175 euro per person is allowed into Holland legally

Wow, nice. It's more like 15€ where I live.

[ilbb]

the only way is to work more, more clever

[woj]

The only way is to just spend USD or invest it... buy traffic from the US sellers, hire US designers, programmers, etc... maybe invest in some US stocks, or buy some US real estate, etc....