When you’re on the hunt for the hottest concert tickets, have you ever wondered what happens to those extra seats? You know, the ones that are left empty while fans yearn to be part of the electrifying atmosphere? Well, here’s a little secret: reselling concert tickets can be a profitable business that benefits both buyers and sellers.
Forget about the shady scalpers lurking on street corners; we’re talking about a legitimate way to connect ticket sellers with eager buyers, all through the power of the internet.
Let’s dive into the world of ticket reselling!
How Does Reselling Concert Tickets Work?
To embark on this exciting journey, you’ll need a few essential tools. Firstly, make sure you have a laptop at your disposal. If you don’t already own one, head over to Best Buy and find an affordable option that suits your needs.
Once you’ve got your hands on a trusty computer, find a spot with an internet connection. It could be your cozy home, a local coffee shop, or even a Starbucks. The key is to have internet access wherever you choose to set up shop.
Next, open up a word processor or any software that allows you to create an organized Excel spreadsheet. This spreadsheet will be your ticket-tracking system, where you record the tickets you’ve purchased, the ones you’ve sold, and the profits you’ve made from each transaction. It doesn’t matter which format you choose; what matters is that it makes sense to you and keeps you on top of your reselling game.
With a laptop, internet access, and a ticket-tracking spreadsheet in place, you’re ready to dive into the world of ticket reselling. It’s that simple!
Record Keeping For Ticket Reselling
Before we jump into the nitty-gritty of buying tickets, let’s talk about a crucial aspect of ticket flipping that often goes unnoticed — record-keeping. Keeping accurate and detailed records of every ticket you buy and sell is an absolute game-changer. It allows you to identify the types of tickets that yield the highest profits and determine the most lucrative timeframes for your sales.
By diligently tracking your ticket-flipping endeavors, you’ll discover valuable patterns and insights. Perhaps concerts only bring in a modest $30 profit per ticket, while sports games score you a whopping $150 per ticket.
Maybe you find that winter sales outshine the summer ones, or that you have better luck selling on Thursdays compared to Fridays. Armed with this information, you can optimize your efforts, maximizing your earnings while minimizing the time you invest.
Who knows, you might even reach a point where you can choose to work only during the busiest times and take a well-deserved break when it suits you.
Can You Make Money Reselling Concert Tickets?
Now that we’ve cleared up any misconceptions, let’s explore the lucrative world of ticket reselling. The secondary ticket market offers ample opportunities for anyone with determination, tenacity, and a bit of know-how.
But before we dive in headfirst, let’s answer the fundamental question: why can reselling tickets be a highly profitable pursuit?
Think about it this way: event organizers and artists despise the sight of empty seats at their shows. Imagine Coldplay performing in a half-empty arena or the Philadelphia Eagles playing in a stadium dotted with countless vacant chairs. It’s not a pretty sight, and it can hurt both the reputation and the bottom line of everyone involved.
To avoid this predicament, event managers and venue owners often sell tickets below market value, ensuring that every seat is filled.
Now, here’s where the opportunity arises. Selling tickets below their true value creates a gap in the market, waiting to be exploited by ticket resellers like you. By purchasing these underpriced tickets and selling them at a slightly higher price, you can turn a profit without engaging in any unethical practices. It’s a win-win situation for everyone involved.
The Distinction: Scalping vs Reselling
You might be thinking, “What’s the difference between scalping and reselling concert tickets?” The answer lies in legality and ethics.
While scalpers operate outside the law, often resorting to sketchy tactics, ticket resellers work hand in hand with online platforms that ensure compliance with local regulations.
Capturing The Market: Helping Fans And Making Money
Consider this scenario: someone desperately wants to attend a Beyonce concert or a high-profile sporting event like the Monaco Grand Prix, but they simply can’t afford the tickets when they’re initially released. It could be due to a delayed paycheck or an unexpected expense that drained their funds. Regardless of the reason, they’re left disappointed and unable to purchase the tickets they desire.
But here’s where you, as a ticket reseller, can step in and save the day. By procuring those coveted tickets in advance, you gain the opportunity to sell them to eager buyers. Since the tickets are now sold out, you can increase the price slightly.
And guess what? The person who missed out on buying the tickets earlier will be grateful, or even ecstatic, for the chance to finally attend the event.
It’s a win-win situation, really. The buyers get a chance to experience their favorite artists or teams, while you make a profit by filling the gap in the market through the ticket resale sites.
Is It Hard To Resell Concert Tickets?
Ticket flipping is not a get-rich-quick scheme; it’s a marathon, not a sprint. Embracing a patient and steady approach is crucial to your success. Don’t be discouraged if you don’t see immediate results.
Take your time to learn the ins and outs of this thriving industry. Even if you make a profit right from the start (which is entirely possible with the right guidance), starting small and gradually increasing your ticket inventory is a wise strategy. This way, you can gain valuable experience and adapt your tactics as you progress.
Think of it as a learning curve — a journey of discovery. Enjoy the process, relish the challenges, and savor the victories. Remember, ticket flipping has the potential to transform your financial landscape.
Imagine the possibilities that an extra $4,000 every month could bring. It’s not just about making money; it’s about creating a better life for yourself and those you care about. So, keep your eye on the prize, stay motivated, and have fun along the way!
Unleash Your Buying Power: Three Methods For Purchasing Tickets
Now that we’ve covered the importance of record-keeping and adopting a patient mindset, let’s explore the three main methods for buying tickets to kickstart your ticket-flipping journey.
1. Fan Club Tickets: Exclusive Offers for True Fans
For music enthusiasts, joining an artist’s fan club can be a golden ticket to exclusive deals and early bird ticket opportunities. After familiarizing yourself with the terms and conditions surrounding reselling fan club tickets, you can make a handsome profit.
Research is key here. Different fan clubs may require membership fees or impose specific timeframes before granting access to presale tickets.
It’s crucial to determine which fan clubs align with your goals and offer the potential for profitable ticket flipping. By joining the right fan clubs, you’ll gain access to discounted tickets that you can resell at market value, opening doors to substantial returns.
2. Buy General Public Tickets
While this route carries some risks, it also holds the potential for great rewards. In this article, we’ll explore the ins and outs of buying general public tickets, providing you with tips and strategies to increase your chances of success.
3. Credit Card Presale Tickets: Snagging Deals Before The General Public
Many major events offer exclusive presale tickets if you use specific credit cards like American Express. These presale opportunities grant you access to tickets before they become available to the general public, giving you a significant advantage. However, there’s usually a limit to the number of tickets one person can purchase during the presale.
If you’re looking to surpass these limitations, one workaround is to utilize multiple credit cards linked to separate accounts on the ticket-selling website. This tactic can be highly effective, but it’s essential to exercise caution and avoid going overboard. Striking a balance is key.
By capitalizing on credit card presales, you can secure tickets that others can only dream of. You become one of the coveted ticket providers, with the ability to offer exclusive access to sought-after events.
Choosing The Right Events: Be Strategic, Not Haphazard
Before diving headfirst into the realm of general public ticket purchasing, it’s important to approach this venture strategically. While you may be tempted to buy tickets for every event under the sun, it’s crucial to exercise caution and ask yourself a few key questions before making any commitments.
1. When To Resell Concert Tickets?
Irrespective of the aforementioned considerations, the timing and location of an event can often override all other factors. For instance:
- People residing in cities with a higher cost of living are generally more willing to pay a premium for event tickets.
- Concerts held at legendary venues tend to generate higher demand, making the tickets more valuable.
- A weekend concert at a legendary venue located just outside a major city? That’s a potential cash cow waiting to be milked.
- Weekend events typically outperform those held on weekdays.
- Smaller, more exclusive venues often command higher ticket prices than larger arenas.
By taking these critical details into account, you can significantly enhance your chances of success as a ticket reseller.
2. Is The Performer Popular?
It’s a simple truth: ticket prices correlate directly with an artist’s popularity or stability. Attending a Kanye West concert, for example, will cost significantly more than seeing a local, up-and-coming hip-hop band. This fact remains undisputed.
However, popularity can be a double-edged sword. If an artist is popular for the wrong reasons, it might be wise to set your sights on another artist who boasts popularity and enjoys widespread approval.
3. Does The Target Audience Have Disposable Income?
Selling a product to someone who can’t afford it is a recipe for disappointment. To determine whether the audience you’ll be targeting has a disposable income, take a moment to visualize who they are.
Middle-aged individuals typically possess more financial resources than college students, so events that cater to this demographic may present lucrative opportunities for resale.
Consider concerts by alternative bands embarking on their farewell tour or captivating operatic performances. Though these events may not seem attractive in the traditional sense, experienced scalpers recognize their profit potential. So, aim to identify artists with older, wealthier fans to ensure your ticket resale endeavors yield a healthy profit.
4. Does This Group Plan Ahead?
For ticket resellers, audiences who fail to plan ahead can be a goldmine. Did people forget to purchase tickets? Were they unaware of the sale date?
Or perhaps they held off on buying tickets because they were uncertain about the event’s lineup, such as in the case of sports tournaments or playoffs.
Luckily for them, you’ll be there to provide the tickets they need. By capitalizing on the lack of foresight exhibited by some potential ticket buyers, you can seize profitable opportunities and make a substantial profit.
Evaluating Ticket Quality: Closer To The Stage, Special Amenities, And VIP Perks
When purchasing tickets for resale, it’s important to consider their quality. Are they closer to the stage, offering an enhanced viewing experience? Do they come with special amenities that make them stand out?
Perhaps they are VIP tickets, granting exclusive privileges to their holders. While these types of tickets may be harder to obtain, people are often willing to pay a premium for the added benefits they provide. VIP ticket buyers tend to be less sensitive to price, making them a prime target for resale.
However, it’s worth noting that the market for super cheap tickets can be saturated, so aiming for tickets that strike a balance between demand and availability may prove to be your best bet.
Where To Buy Tickets: Exploring Popular Platforms And Local Options
When it comes to purchasing tickets, Ticketmaster and StubHub are undeniably the most popular choices. These platforms offer a wide range of events and cater to both buyers and sellers. However, alternatives like SeatGeek and Vivid Seats provide viable options as well.
If you prefer a more localized approach, consider reaching out directly to the venue itself. Whether it’s in-person, via phone, or through their website, venues often sell tickets directly to the public.
Before making any transactions, be sure to familiarize yourself with the rules and regulations surrounding ticket resale for the specific event you’re interested in.
How To Resell Tickets: Your Ultimate Guide
There are plenty of options available for reselling those tickets you’ve scored. Whether you’re a seasoned ticket reseller or just starting out, finding the right platform to sell concert tickets online can make a big difference.
In this comprehensive guide, we’ll walk you through the process of reselling tickets on some of the top websites, including StubHub, Ticketmaster, and VividSeats (check out this article to see if Vivid Seats is legit).
So let’s dive in and discover how you can start making money from your spare tickets!
1. Selling Tickets In Ticketmaster: Tap Into The Power Of A Well-Known Ticket Marketplace
Ticketmaster is arguably the most well-known ticket website in the world, making it a must-consider option for reselling your tickets. The process of selling tickets on Ticketmaster is straightforward and efficient.
However, please note that not all events allow ticket reselling, so make sure you check if there’s a “Sell” button available for your specific event. Here’s how you can list your tickets on Ticketmaster:
- Select the tickets you want to sell.
- Enter the custom price amount you wish to set for your tickets.
- Provide your account information, including your preferred payment method.
- Confirm your account details and proceed to the next step.
- Review the information you’ve entered, ensuring everything is accurate, and click on “List Ticket.”
- You’ll receive a confirmation page and a confirmation email, marking the successful listing of your tickets on Ticketmaster.
2. Selling Concert Tickets On StubHub: Get Your Tickets In Front Of A Massive Audience
When it comes to ticket resale, StubHub is undoubtedly one of the most popular websites out there. Although their fees might be a bit higher compared to other options, there’s one major advantage that sets them apart — eyeballs!
As one of the largest ticket marketplaces, StubHub attracts a huge number of potential buyers, increasing your chances of selling your tickets quickly. Here’s how you can sell your tickets on StubHub:
- Start by searching for the event you have tickets for on the StubHub website.
- Once you’ve found the event, click on the “Sell” button located to the right of the venue name.
- If you don’t have a StubHub account yet, you’ll need to sign in or register for a free account.
- Answer a few basic questions, such as whether you have the tickets in your possession and how you plan to deliver them (via email or shipping).
- Fill in the ticket quantity, section, and row details, and indicate if you’re open to selling tickets to different buyers.
- Set your price for the tickets. Remember, using prices that end in “9” (e.g., $99 instead of $100) can often make them more appealing to buyers.
- Choose your preferred payment method, either PayPal or a paper check.
- Take into account the seller fees when determining your total sale price.
- Once you’ve completed these steps, your tickets will be listed on StubHub, and you’ll be on your way to making money!
3. How To Sell Your Tickets On SeatGeek
SeatGeek is a legitimate site that can connect you with potential buyers and make the ticket-selling process a breeze. In this guide, we’ll walk you through the steps of selling your tickets on SeatGeek. So let’s get started and turn those spare tickets into dollars!
Getting Started With SeatGeek: Create Your Account
To begin your ticket-selling journey on SeatGeek, the first thing you’ll need to do is create an account. It’s a quick and easy process. Simply click on the “Sign up” button located at the top right corner of SeatGeek’s homepage. Once you’ve signed up, you’re ready to start listing your tickets and attracting buyers.
Listing Tickets On SeatGeek: Simple Steps To Showcase Your Tickets
Listing your tickets on SeatGeek is a straightforward process. Follow these steps to get your tickets in front of potential buyers:
- Log in to your SeatGeek account and navigate to the “My Tickets” tab.
- Use the provided link at the top of the page to upload your e-ticket PDF files to your account.
- Find the event for which you’re selling tickets and click on it to access the event details page.
- On the event details page, you’ll find the “Sell Tickets” button. Click on it to begin listing your tickets.
Voila! Selling your tickets on SeatGeek is as easy as that. Now you’re ready to connect with eager buyers and make some sales.
4. Reselling Tickets on VividSeats: Another Reliable Option to Consider
VividSeats is a well-established resale site that offers a reliable platform for selling your tickets. Although it may not attract as much traffic as StubHub, it’s still a viable option to consider.
However, keep in mind that VividSeats tends to have higher fees. If you’re willing to give it a shot, here’s how you can start listing your tickets on VividSeats:
- Visit the VividSeats homepage and click on the “Sell” link located in the top-right corner.
- On the following page, you’ll find a “Sell Your Tickets” button. Give it a click.
- Search for the event you want to sell tickets for, and once you’ve found it, select the box next to the event title.
- Scroll down the page and click on “Continue.”
- If you don’t have an account with VividSeats, you’ll need to create one or log in if you already have an account.
- Complete the basic information form about the tickets you’re selling.
- Set your desired price, specify how and when you can deliver the tickets, and provide your PayPal address.
Understanding How To Resell Concert Tickets
Before you dive headfirst into ticket reselling, it’s important to be aware of the ethical, legal, and general concerns surrounding this practice. Let’s take a closer look at these aspects.
The legality of ticket reselling can vary depending on the state you reside in. Anti-scalping laws, which regulate ticket resale, differ across different jurisdictions. It’s crucial to familiarize yourself with your state’s specific laws and regulations before engaging in ticket reselling.
Remember, it’s essential to understand the legal framework and operate within its boundaries.
There’s a common misconception that ticket resellers are seen as “sleazy” individuals, depriving genuine fans of the opportunity to attend events. However, it’s essential to look beyond the surface.
First and foremost, resellers have the same chance as any other person to purchase tickets during the initial sale. True fans who are determined to attend an event will find a way, just like successful ticket resellers.
Additionally, ticket resellers often serve a purpose by offering tickets to individuals who missed out during the initial release. Although the prices may be higher, it provides an opportunity for those who couldn’t secure tickets earlier.
Secondly, reselling tickets is not without risk. As a reseller, you’re investing your money with the hope of making a profit. It’s a business venture that involves financial commitment and carries its own set of risks.
Managing Your Finances
Another risk to consider is the potential for your tickets to remain unsold for an extended period. Factors such as market changes, the negative publicity surrounding the event, or even unforeseen circumstances like inclement weather can impact ticket sales.
In such situations, your money may be tied up in unsold tickets, limiting your access to liquid funds. Therefore, it’s crucial to approach ticket reselling with a strategic mindset.
Only invest money that you can afford to have tied up temporarily. Treat it as an investment and create a separate fund specifically for buying and selling tickets.
Protecting Yourself From Scammers
Unfortunately, there are dishonest individuals who may attempt to defraud resellers. These fraudulent buyers might claim that tickets were never received or that they were different from what was advertised. It’s crucial to exercise caution and protect yourself from such scams.
Some ticket reselling platforms, like StubHub, offer mediation services to help resolve disputes between buyers and sellers. However, it’s important to carefully review the terms and conditions of each platform to understand the level of protection they provide.
FAQs – Reselling Concert Tickets
I’ll address some of the most common questions related to selling scalped tickets. So, let’s dive right in and get you the answers you need!
1. Can you resell tickets on Ticketmaster for a higher price?
Yes, Ticketmaster allows ticket reselling through their platform, and you have the option to set your own price for the tickets.
2. What if my tickets don’t sell on Ticketmaster?
If your tickets don’t sell on Ticketmaster, you may consider exploring other ticket resale platforms such as StubHub, SeatGeek, or Vivid Seats. Additionally, you can try promoting your tickets on social media, selling them through online marketplaces, or reaching out to friends and family who might be interested.
3. Where to sell concert tickets fast?
To sell concert tickets online quickly, you can consider popular ticket resales platforms like StubHub, SeatGeek, Vivid Seats, or even Ticketmaster’s resale option. These platforms provide a wider reach and dedicated audiences looking for event tickets. Additionally, promoting your tickets through social media, local classifieds, or your personal network can help attract potential buyers.
4. What are StubHub’s ticket fees?
When it comes to StubHub, understanding the fee structure is essential. For each completed sale, buyers are required to pay a 10% fee, while sellers have a 15% fee deducted from their earnings. It’s important to keep these fees in mind when setting your ticket prices to ensure a fair and profitable transaction.
5. Is it legal to resell concert tickets?
The legality of ticket reselling depends on the state you’re selling in and the method of resale. While most states have laws prohibiting scalping or reselling tickets in front of the event venue, online sales are generally permitted. Refer to the specific regulations in your state regarding ticket reselling.
Final Thoughts – Reselling Concert Tickets
Congratulations! You’ve made it through this comprehensive guide, and now you possess the basic knowledge required to embark on your ticket reselling journey. Before you jump in headfirst, let’s recap what you’ve learned:
- You understand that ticket reselling is a legitimate business venture, far removed from the negative connotations associated with street scalpers.
- You’ve learned how to get started by purchasing tickets from reliable sources and making informed buying decisions.
- You’re aware of the best platforms to sell your tickets, including StubHub and Ticketmaster.
- We’ve explored potential concerns and risks associated with ticket reselling, emphasizing the importance of adhering to applicable laws and protecting yourself from scams.
- Finally, we’ve looked at the potential for growth in this business, inspiring you to pursue your own path to success.
Remember, ticket reselling is an investment that comes with its own set of risks and rewards. By working smart, remaining persistent, and following the laws on reselling products, you’re on your way to becoming a successful ticket broker.
However, if you’re looking for a shortcut, there’s a valuable option available to you: learning from the mistakes and successes of others. Take advantage of the knowledge shared by experienced ticket brokers and leverage their expertise to accelerate your own learning process. Learning from the experiences of others is a wise move that can save you time, money, and headaches along the way.
Now it’s time to put your knowledge into action. Start reselling those tickets, gain hands-on experience, and learn your own lessons. Remember, the more you practice, the more proficient you’ll become in this exciting and potentially lucrative business.
Good luck on your ticket reselling journey!