How much money can you make reselling tickets

I want to share with you something new that Ticckets am trying on a very small scale, and something I know that has a lot of potential for making money- the ticket brokering business. This industry is highly fragmented and there is room for all kinds of participants, big or small. I will explain the reasons I am trying this out, but by no means do I intend to develop this into a large business — although it could become one option down the road for someone interested in this type of business. I feel this experiment is relevant to share here because it is one that you can participate in during your pockets of availability, and one that takes a relatively small amount of time and howw to get started. I tjckets a big college basketball fan and have attended the last two Final Four tournaments. The last tournament was particularly special because my Alma Matter — The University of Michigan Wolverines made it this far. What I wanted to do was invest some of my own capital purchasing event tickets well before the event. I thought to myself, as the event gets closer and demand builds up, I can sell my tickets in the secondary market for a handsome profit. For me, it is more about being part of the event as well with my friends who enjoy college basketball, and fortunately, I will be in a situation where I can do. My trips have always been last minute, literally just days prior to the event. A lot of this has to do with not knowing which teams will be participating or the unpredictability at times of my own schedule. The fact is that most people are likely not in a situation to pre plan well ahead of time as far as events go.

Disclosure: 10xTravel has partnered with CardRatings for our coverage of credit card products. You can read our advertiser disclosure here. Two weeks ago I asked you to send me your best ideas for making a side income. I got a few hundred responses, and they were entertaining to say the least. Before we get in to the nuts and bolts of how to do this, let me take you back to where it all began. It was the fall of and I was a young, broke college student looking for ways to earn a little bit of walking-around money. I was sitting in my dorm room browsing through Facebook Marketplace back when this was a thing looking to buy a Chemistry textbook when I saw 2 posts that caught my eye. Literally side by side, and posted within minutes of each other. I figured it was a long shot, but I saw an opportunity to make a quick buck. So I messaged each person, offered to buy the ticket from the first and sell to the second, and set up 2 meetings a block apart from each other.

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So I decided to try to scale it. I spent hours scouring through every online marketplace and message board I could find, trying to find other similar opportunities. And there were a TON of them. Turns out people are pretty lazy when it comes to buying and selling tickets online. This allowed me to generate a pretty substantial profit just by matching buyers and sellers. But I wanted more. Eventually I started to refine my methods, even buying tickets on speculation and putting together lists of people who were looking for tickets on a regular basis. Before long I had put together a side-business that was generating a few hundred dollars of profit per month. My methods have changed drastically since then, but the general concept remains the same.

Open up a word processor of some sort and create an excel spreadsheet. How does this work? You love movies! I’d love to learn about How can you sell a poor person something? The check may bounce when you go to cash it, and you will have given away your tickets for nothing. Basically, many states have not updated their anti-scalping laws, which still include restrictions on how far a reseller can stand from the venue. An opera? Once a person has agreed to buy your concert tickets at the price you’ve set, exchange your tickets for the cash. There are multiple different sites out there that specifically broker in tickets. Here is a chart for what each state allows. Check comparable listings to set a good price for your tickets. It would look terrible and all parties involved would either lose interest or lose money.

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After all, you do have to buy the tickets first and that involves some financial investment. This is your business, after all, and you should treat it like one. Some places explicitly say that it’s against their terms to buy and resell tickets as a business. I’d love to learn about However, you can usually also choose to be paid with a physical check if you prefer. StubHub will also give you the option of donating the proceeds of your sale to charity. Additionally, making more money will tend to involve a higher amount of risk.

Ticket reselling has always gotten a bad rap. When people think of someone reselling concert tickets, they think of sleazy, borderline-con-artist scalpers. Reselling concert tickets can be done in a way that really does help people. 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. This course can serve as your mentor to prevent you from wasting time and money. Become a Ticket Flipper Here. This course will teach you to:. But how can reselling concert tickets online be any better than selling tickets on a street corner? Plus, ticket buyers are more likely to trust an established third-party company than some random guy on the street.

The most well-known ticket broker is StubHub, but you can also go through places like Eventbrite or Shopify. Literally anyone can become a successful ticket reseller.

If you have the determination, tenacity, and knowledge, you can do. 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. 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. This means profit for the reseller.

Maybe their paycheck is next month, maybe they had an unexpected expense. 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. And the person who buys the tickets will be grateful. Okay, got your computer? Open up a word processor of some sort and create an excel spreadsheet. Easy as. 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.

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. Track every ticket you buy and sell, what profit you had from each, and keep every receipt in your email or some storage. This type of recording is helpful because it helps you spot the deals that you do well on.

Maybe you even sell better on Mondays than Tuesdays. This extra efficiency helps you to make more money while spending less time. This type of tracking is vital for your long term success. First, try to get started by reselling one ticket. Then bump up to two, three, and as high as you want to go. Begin to learn the little tricks of the trade that boost your earnings and help your buyers to be happier. Some of the learning will just come from experience.

Really, have fun. Remember that ticket flipping has the chance of replacing your full time income. That would feel pretty stinking awesome. Maybe you want a little extra cash, or to retire early, or a better life for your children. Have fun to stay motivated. Stay motivated by having fun. Many big events offer presale tickets if you use a credit card.

The most common credit cards that are eligible for these deals are Citi or American Express cards. This is a great way to buy tickets before the general public and become one of the pined after ticket providers. With many artist fan clubs, you can get special deals and early bird tickets.

You can get multiple tickets at special prices and then sell them to people at market value. One important thing to note — do your homework on the fan club. Some clubs require you pay a membership fee or make you be a member for a certain amount of time before getting access to the presale tickets. If you do your research and find a fan club off of which you could make a profit, join it. This option is a bit riskier but still has potential.

But if you do go this route, go all in. Here are some questions to ask yourself before buying tickets for resale. This is so important. How can you sell a poor person something? Typically middle-aged people have more money than college students, so what events will attract middle-aged men and women? A classic rock band who may be on their last tour? An opera? Rod Stewart? Figure out who has the older, wealthier fans and buy those tickets. Did people forget to buy tickets? Were they not aware of when the tickets went on sale?

Think about this — the cost of a ticket depends on how popular or stable the entertainer is. Tickets to an Ariana Grande concert will cost more than the tickets to see a local up-and-coming alt-rock band.

Now, if someone is popular for something bad, that is a red flag. Regardless of these other reasons, when and where an event is happening can trump all of. If a concert is happening at a legendary venue, the tickets will be in higher demand.

People in cities with a higher cost of living are usually more willing to pay more for tickets. Weekend events do better than weekday events. Taking this logic into account will greatly help your success. Do they come with special amenities? Are they VIP tickets? These types of tickets are very difficult to get ahold of, but people are willing to pay more for.

The types of people who buy these tickets are not sensitive to price. If you can obtain them, you can make some nice money. On the other hand, there are so many super cheap tickets available that the market may be too crowded. So the tickets in between are how much money can you make reselling tickets your best bet. The most popular place to buy tickets is Ticketmaster and the most popular place to sell tickets is StubHub.

But you can also use places like SeatGeek and VividSeats. If you want to go local, you can directly to the venue, whether in-person, by phone, or through the website they provide. Whatever route you go, just make sure you check the rules on whether the tickets can be resold. It may just take time and testing to find the one that works best for you.

But here are several of the top places where you can resell your tickets and the basic steps on how to do so. StubHub is probably the one of most used websites for ticket resale. The biggest thing they have is eyeballs. Link Whisper is a revolutionary tool that makes internal linking much faster, easier, and more effective.

You can use Link Whisper to:. Build better internal links with Link Whisper. I like Ticketmaster a bit more than StubHub due to its popularity. Reselling tickets on Ticketmaster is pretty easy and fast.

VividSeats is another established and reliable ticket broker you can use. The amount of traffic eyeballs it gets is a distant second to StubHub. The big downside of VividSeats is their higher fees.

This how much money can you make reselling tickets contains affiliate links and we may receive compensation when you click through, purchase or sign up for anything through those links. Read the full disclaimer for more information. Last Updated on May 15, Reading through our blog you may have heard of flipping items on eBay, craigslist, etc… but never tickets. You might be thinking — are you really about to talk about ticket scalping? Ticket scalping online is basically flipping them, just like any other item that you flip online for a profit.

Hey there, dabblers!

I honestly thought scalping tickets was illegal. Well apparently, not when it is done online except for in Michigan and Kentucky. More and more states are modifying their local ticket resale laws to fit the ever expanding market of online ticket resale. Reselling tickets online is pretty simple. Here is basically how you can get started reselling tickets right away:. It is as simple as. How to Score Free Concert Tickets. There are a lot of things that can make a show sell. If an artist if gaining a lot of traction but is performing in a smaller venue under people capacity that is one good indicator of a potential sell. There are definitely more factors but here is a list of very important things to always consider:. Knowing this, you already have a pretty good idea of how to find events that can be resold for a profit. If you want to learn more about how you can find profitable tickets to resell, Ticketflipping.