The Romance Novel Business
is international.
I have sales
all over the world
and
I work with partners
all over the world.
I recently arranged
promotional services
with a small business builder
based in the UK.
This business builder
was fine
with being paid
in US dollars
or the UK Pound Sterling.
She didn’t have a preference.
I asked for the rate
in both currencies
and chose the one
that was least expensive
for my business
after exchange.
Doing this
with all of my international partners
saves me
quite a bit of money
and it doesn’t hurt them.
Because I’m paid
in the different currencies,
I’ll exchange these funds
when it is favorable for me also.
Or I will use the incoming funds
to pay for my expenses
in the same currency,
not exchanging the funds at all.
If your business is international
(and most of our businesses are),
exchange can have a significant impact.
Use it to your advantage.