Thursday, March 14, 2013

How to Sell your Linden Dollars. Converting SL currency into RL ...

Hello Zoha Islands.

Here?s a great tutorial I?ve come across while surfing a few fellow bloggers postings.? This is a great article because most people don?t know how to do this ? or how to get the most for selling your Linden Dollars.?? This is wonderful knowledge for the aspiring business entrepreneur in Second Life.

The original article can be found here.

?

by Gogo on March 6, 2013

Do you know how Market Sell vs. Limit Sell differs? If you don?t, you?re losing money every time you cash out your Lindens. I discovered back in 2007 after selling Lindens a few times, that I could set a better rate than what?s offered by default on the Linden Dollar Exchange.

First, go to L$ Exchange Settings in your SecondLife.com dashboard and change the Interface Mode from Basic -> to Advanced.

How to sell Lindens $L

Then go to the Sell L$ page and look at the Open Sell Orders at the Best 20 Rates, and decide what Exchange Rate you want to sell at. I typically sell at L$248/$1.00US (sells almost instantly, if there?s less than a million Lindens listed already), or some people sell at L$247/$1.00US and the wait may be a few hours to a few days. Any exchange rate higher than the usual lowest rate or not listed there, will sell instantly.

For example, in the picture below, you?ll see that there?s L$330,736 listed for the L$253/US$100 rate, and that person could have listed for $248 and sell instantly, but for some reason they didn?t (and losing money in the process).

How to sell Lindens $L

As a seller, you want to exchange the least number of Lindens for $1USD. The same concept can be applied to Buy orders, except in the reverse. You?d want the most Lindens for your $1USD if you?re buying.

How to sell Lindens $L

Here?s an example of how much money you?d lose selling at Market Sell (the rate determined by the Linden Dollar Exchange vs. Limit Sell (the rate set by you).

$10,000L @ Market Sell = $37.51US proceeds
$10,000L @ Limit Sell = $38.87US proceeds
Difference = $1.36US

That?s not much of a difference, but what if you?re selling hundreds or thousands of Lindens per month?

$80,000L @ Market Sell = $300.00US proceeds
$80,000L @ Limit Sell = $310.89US proceeds
Difference = $10.89US

Source: http://blog.zoha-islands.com/how-to-sell-your-linden-dollars-converting-sl-currency-into-rl-money/

Is The World Going To End Mayans camilla belle

No comments:

Post a Comment