How To Save Money On Your IM Purchases (Non-US Residents Only)

This post is for people living *outside* the USA who have a PayPal account.

You may know this very well already but I had an internet marketing business for a long time before I worked it out. So if it seems obvious, I'm sorry ... it is intended for newer or less financially savvy people than you.

Here it is:

If your national currency is not the US dollar, then provided you are making money online and getting US dollar payments into your PayPal account, you can save money by simply:

* keeping a US dollar balance in your PayPal account and buying IM products and memberships with PayPal whenever possible *

Why Does This Save You Money?

Because if you earn dollars in PayPal and convert them to your currency, while buying products in dollars with your credit card, you lose out on the difference between the two exchange rates (the ’sell dollars’ and the ‘buy dollars’ exchange rates).

What You Need To Do

You just need to make sure that when you earn dollars, PayPal does not convert them to your home currency, but adds them to the dollar balance which you create in your PayPal account.

Then you will need to keep a big enough balance in US dollars to cover anything you are likely to buy.

I have calculated I save $6.60 in every $100 by doing this rather than purchasing with my credit card.

More details on my blog here (including what to do if you spend more than you earn):

Save Money Buying IM Products: A Must Read For Non-Americans

Oh, and if you are an American, thinking 'Hey that's not fair, why can't I save that money too' - the answer is that you save it automatically, because you never have to lose money on currency conversions.