Forum Moderators: martinibuster
If you chose to get your check in Peso, then just deposit it to your bank as you normally deposit a local check. It will clear in about 3 days, I guess.
All of my revenue earning sites are geared towards Western traffic. So it took me only a few months to get double digit income per day on AdSense. If I concentrated on local traffic, it will probably take me years to get to this level.
Western traffic pays but getting Western traffic is several degrees harder than getting local traffic. In our country, if you have a new and good idea for a site, chances are, you don't have a competitor yet. And you're site will become popular very quickly. Bring this idea on the global arena and chances are there are already dozens, if not hundreds, of established sites you are bound to go up against with.
From my experience, 100 Western uniques will get you more money overall with AdSense than 5k local uniques if you're choice of market is good.
Sticky me if you would like to share more data. =)
Problem no. 1: The check says that the amount is payable to citibank. Does it mean i have to open a dollar account to citibank? men!, it requires me an initial deposit of $2000, I dont have that money right now. Can i incash it to other banks like banco de oro? anyway, that was i am doing right now.
Problem no 2: To open a dollar account (in banco de oro) requires me an initial deposit of $100 but i finally notice that its hard to buy dollars in the Philippines. Can anyone tell me where can i buy dollar just for me to open an account.
Thanks a lot!
Hi JCMiras, buying $100 shouldn't be that difficult. Did you inquire with your local banks already? What are their actual requirements? I can buy it from almost all the banks I transact with, because FOREX is one way that they earn money. Just expect to pay a little bit more than the exchange rate you see in the newspapers because you are the one buying.
Banks like PNB and BPI also allow you to buy dollars - but you will need to provide documentation as to how you are going to use the money (yeah, it's crazy). I remember a few years ago when I bought dollars - PNB allowed me to buy dollars to pay for my GMAT and TOEFL exams, but refused to sell me dollars when I said it will be used to pay for membership in a music band's fans club LOL.
Better yet, check out OFW relatives and neighbors and buy their dollars :o)