Sunday, November 25, 2007

The Falling Dollar and International Business

Oil prices are soaring and the US dollar is falling (the Canadian goose--or is it moose--is worth more than the sawbuck, for criminy's sake!). At a recent OPEC summit, leaders from Iran and Venezuela suggested tying the price of oil to the Euro instead of the U.S. dollar. Those of us who conduct our consulting biz internationally are finding ourselves to be considered more of a bargain, with our prices showing more favorably against our foreign competitors.

What I'm not sure of yet, is how this inflation-related price differential will effect the willingness of prospects to consider us. One friend, Hy Mariampolski, a brilliant ethnographer, tactician and founder of international consumer research firm, Qualidata, found that people whose budgets were tight before are more willing to consider his invaluable services. Stateside, consultants who's prices are too low are dismissed as newbies or desperadoes. Hope this isn't the case on the other side of the Pond.e