{"id":813,"date":"2013-03-12T22:45:01","date_gmt":"2013-03-12T22:45:01","guid":{"rendered":"http:\/\/blog.zoha-islands.com\/?p=813"},"modified":"2013-03-12T22:45:01","modified_gmt":"2013-03-12T22:45:01","slug":"how-to-sell-your-linden-dollars-converting-sl-currency-into-rl-money","status":"publish","type":"post","link":"https:\/\/zoha-islands.com\/blog\/how-to-sell-your-linden-dollars-converting-sl-currency-into-rl-money\/","title":{"rendered":"How to Sell your Linden Dollars. Converting SL currency into RL money."},"content":{"rendered":"
\n

Hello Zoha Islands.<\/p>\n

Here’s a great tutorial I’ve come across while surfing a few fellow bloggers postings.\u00a0 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.\u00a0\u00a0 This is wonderful knowledge for the aspiring business entrepreneur in Second Life.<\/p>\n

The original article can be found here<\/a>.<\/p>\n

 <\/p>\n

\n

How to sell Lindens<\/h1>\n

by Gogo<\/a> on March 6, 2013<\/abbr><\/p><\/blockquote>\n<\/div>\n

Do you know how Market Sell vs. Limit Sell differs? If you don\u2019t, you\u2019re 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\u2019s offered by default on the Linden Dollar Exchange.<\/p>\n

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

\"How<\/p>\n

Then go to the Sell L$ page<\/a> 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\u2019s 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.<\/p>\n

For example, in the picture below, you\u2019ll see that there\u2019s 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\u2019t (and losing money in the process).<\/p>\n

\"How<\/p>\n

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\u2019d want the most Lindens for your $1USD if you\u2019re buying.<\/p>\n

\"How<\/p>\n

Here\u2019s an example of how much money you\u2019d lose selling at Market Sell (the rate determined by the Linden Dollar Exchange vs. Limit Sell (the rate set by you).<\/p>\n

$10,000L @ Market Sell = $37.51US proceeds
\n$10,000L @ Limit Sell = $38.87US proceeds
\nDifference = $1.36US<\/strong><\/p>\n

That\u2019s not much of a difference, but what if you\u2019re selling hundreds or thousands of Lindens per month?<\/p>\n

$80,000L @ Market Sell = $300.00US proceeds
\n$80,000L @ Limit Sell = $310.89US proceeds
\nDifference = $10.89US<\/strong><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Hello Zoha Islands. Here’s a great tutorial I’ve come across while surfing a few fellow bloggers postings.\u00a0 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.\u00a0\u00a0 This is wonderful knowledge for the aspiring business entrepreneur in Second Life. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/posts\/813"}],"collection":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/comments?post=813"}],"version-history":[{"count":0,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/posts\/813\/revisions"}],"wp:attachment":[{"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/media?parent=813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/categories?post=813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zoha-islands.com\/blog\/wp-json\/wp\/v2\/tags?post=813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}