And just as important, how can you keep track of things when the exchange rates for the british pound versus the dollar have been so volatile as of late. The pound dropped over 30% versus the dollar since summer. It really makes a mess of things I would think in predicting advertising costs.
I also heard it was hard to open a bank account in the UK if you did not live there. I would hate to get revenue from the UK, only to have it depreciated by the time I got it by the dollar dropping against the British pound, in the time the moneys took to get to you. Many times there is a lag between when you advertise and when you get paid. Exchange rates are a hidden pitfall. You may think you made money, but when you get the money, the exhange rates may make it a loss. Crazy stuff.
Any help appreciated.
Mack.