How You Pay-Less-First when you Buy Local

The PayLessFirst formula for calculating the "savings"
you will receive when you "Buy Local"


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RCOG x BLM = LEV 
LEV + CIC = ALEV
ALEV - RCOG = BLS


                 
Retail Cost of Goods  X  Buy Local  Multiplier = Local Economic Value*  
$1.00                                 1.45                                $1.45              
                                   
*For every dollar spent with locally owned businesses $.45 is reinvested with other locally owned businesses.  This creates a "Buy Local Multiplier" and the compounding effect results in what we call the "Local Economic Value." 

Local Economic Value + Community Investment Credit = Adjusted Local Economic Value*
$1.45                                 $.024                                             $1.474


*According to a study by American Express, the average corporate charitable contribution is 6% of gross profits.  Other studies have shown that locally owned businesses typically contribute twice the national average.  Assuming a Retail Gross Profit Margin of 20% we arrive at a "Community Investment Credit" of $.024 per dollar.  This creates what we call an Adjusted Local Economic Value; the influx of cash to your community for economic development and local non-profit causes.


Adjusted Local Economic Value* - Retail Cost of Goods = Buy Local Savings*
 $1.474                                              $1.00                              $.47

What other investment guarantees nearly a 50% return with NO RISK!
© 2011 PayLessFirst

PayLessFirst is a local business with a national vision. We seek to help local merchants to compete with big box stores, itinerant retailers, and online competitors by educating consumers on the benefits of “buying local”.  We also promote and maintain an online directory of independently-owned, local businesses for the encouragement & convenience of conscientious shopping.  To add your business to our national directory for free, click here.