How To Resell Concert Tickets As a Profitable Business – Instead of people seeing you as a sketchy ticket scalper selling concert tickets, you can go through an online ticket broker and become an upstanding “ticket reseller.” Yup. Done correctly ticket seller sites work to connect sellers with ticket buyers.
All legal, all above board.
And you can make a pretty penny, too.
How To Resell Concert Tickets As a Profitable Business
One of the most powerful decisions you can make for your business is to find a mentor.
Mentors can cut your learning time by huge margins, can save you from expensive mistakes, and can help you learn the ropes before having to commit.
This post is a great starter guide.
However, if you want access to a mentor, you can look into the Ticket Flipping Training and Community right here. This course can serve as your mentor to prevent you from wasting time and money.
If you want to skip the wait and the expensive mistakes, you can use Ticket Flipping Training & Community as your mentor. This course will teach you to:
- Buy and sell tickets at a profit
- Avoid the mistakes that rookies make
- Maximize your profits
Ticket Scalping vs. Ticket Reselling
But how can reselling concert tickets online be any better than selling tickets on a street corner?
Well, if you go through a broker, they’ll make sure all local laws are followed and everyone involved is in compliance.
Plus, ticket buyers are more likely to trust an established third-party company than some random guy on the street selling tickets.
The most well-known ticket broker is StubHub. But you can also go through places like Eventbrite or Shopify.
In this article, we’ll cover exactly how to go about buying and reselling tickets, what ticket brokers are the best, and the potential this business offers.
Alright, let’s get started…
How To Buy And Sell Concert Tickets For A Profit
Literally anyone can become a successful ticket reseller. There is plenty of room in the secondary ticket market. But you have the determination, tenacity, and knowledge. You can do this.
There’s just one question we need to answer first: why can ticket reselling be a lucrative pursuit?
There’s no sense in you spending all of your time and energy on it if you can’t come away with some easy money.
It’s because the money-makers behind a big event hate empty seats.
Imagine if U2 played to a half-empty arena. Or what if the New England Patriots played their games in a stadium with a ton of empty chairs?
It would look terrible and all parties involved would either lose interest or lose money. That’s why artists, event managers, and arena owners very often sell tickets below market value, to ensure every ticket in the place is sold.
They’d rather sell underpriced tickets than have an empty venue.
This leaves a gap inside the marketplace. Venue owners and event managers sell tickets at below their true value to eliminate empty seats. Since the tickets are below their true value, this creates an opportunity.
Enter ticket resellers.
Ticket resellers buy tickets at this underpriced value and can then sell them for just a little bit more. Selling tickets for a higher price means profit for the reseller. And this isn’t unethical.
Imagine that someone wants to buy tickets to an Imagine Dragons concert or a sporting event like the Super Bowl, but they don’t have the money when the tickets are first released.
Maybe their paycheck is next month, maybe they had an unexpected expense. Whatever the case, they can’t buy the tickets and that’s pretty disappointing.
They’re bummed out that they couldn’t get the tickets they wanted due to this unforeseen problem. But if you bought the tickets beforehand, now you have the opportunity to sell the tickets.
You can bump up the price since the tickets are sold out. And the person who buys the tickets will be grateful or even ecstatic just to have the chance to attend.
They weren’t able to buy them beforehand but with their paycheck in the bank, they can now buy them from a ticket resale site.
How To Get Started Reselling Tickets
First, you need a laptop, which I’m sure you already have. If you don’t, stop reading this right now, go to Amazon.com and find an affordable laptop.
Okay, got your computer? Good.
Now go somewhere with internet connection (your place or your local coffee shop or even McDonald’s). Open up a word processor of some sort and create an excel spreadsheet.
This is where you’ll keep track of the tickets you’ve bought and sold and how much profit you’ve made from each.
It doesn’t matter what format, just as long as it makes sense to you and keeps you organized.
There, you’ve got all the items needed to start reselling tickets. Easy as that.
But before we get to where to buy your first ticket, here are a couple things to keep in mind that will help you succeed when it comes time to sell your tickets.
If you want some in-depth video training and tutorials of exactly how to go about finding profitable tickets, check out this great training right here.
Record Everything About Your Ticket Flipping
As you probably guessed from the previous sentences, it’s super important to keep good records of everything.
Track every ticket you buy and sell, what profit you had from each, and keep every receipt in your email or some storage system.
This type of record keeping is helpful because it helps you spot the deals that you do well on.
Which tickets sell well? It may be that concerts give you a measly $50 profit per ticket, but sports games give you a massive $250 per ticket.
Maybe you sell best in the winter and shouldn’t even bother during the summer. Maybe you even sell better on Mondays than Tuesdays.
This extra efficiency with your ticket resale info helps you to make more money while spending less time. If you get good enough at reselling tickets, you might could only work during your busiest times and take the rest of the time off.
Work Mondays and Tuesdays during one band’s tour, then take it easy for a few months.
This type of tracking is vital for your long term success.
It’s a little bit more effort now, but it brings in bigger bucks in the future.