Do you want to make money buying and selling concert tickets from home? If YES, here are 7 easy steps to buy and sell concert tickets online for profit.
If you are looking to make some extra income by the side, then you can start buying and selling concert tickets. This is known as ticket reselling or ticket brokerage. Ticket brokerage is a fun way to make cool bucks, and it’s so easy, anyone can take a plunge and start making huge profits within a few weeks.
Also, you don’t need any formal qualifications to get started and the startup capital is minimal. And the best part is that you can do it right from the comfort of your home.
All you need is the right information to get started, and that’s what this post will give you. Read on to understand how to start your own concert ticket brokerage business. Basically, there are three steps involved in the ticket brokerage business:
- Finding the right tickets
- Buying the tickets
- Selling the tickets for a higher price
Steps to Make Money Buying And Selling Concert Tickets
1. Finding tickets to buy
Your first step towards making a profit from any concert ticket sale is to find the right tickets to buy. This involves a great deal of research, and you must be ready to do it. At any point in time, there is a concert around the corner. This would be widely anticipated if the musician or band staging the concert is very popular.
And concerts such concerts should be your main target. The fact that many people know about them is enough proof that people are really interested in them and that their tickets will sell like crazy. You have no business with musical concerts that people are not interested in.
However, not all successful concerts generate a lot of noise. So, don’t just dismiss any concert because it’s not generating any buzz. Rather research extensively about it to figure out whether it really won’t be worth your time and money.
For each concert you get to know of, find out more about the band staging the concert. Is the band popular? Have they organized fun-filled and successful concerts in the past? And even if they are popular, do they have fans in your locality or among your target customers?
You also need to find out about the timing of the concert. What time and date is it holding? Where is it holding? Is it a one-day concert, or will it hold for two to three days? Is it holding during the week or on a weekend? Is there a presale for the event? On what date will ticket sales start?
Getting answers to all these questions will help you make well-informed decisions as to which tickets to buy and resell for profit. For example, concerts holding during a weekend sell better than those scheduled for weekdays because most people are busy on weekdays. The demographics of the city in which the concert is being held is also very important.
To keep abreast of information about concerts, stay current with the latest music and entertainment news. Fan club message boards and social media groups are also great because the die-hard fans post there and they will always be aware.
2. Making your purchase
Once you have decided that you are buying tickets for a concert, you need to find out when the tickets for that concert will go on sale. Also, you must find out whether there is a pre-sale, in which case you will need a password to purchase tickets.
It’s always a good idea to search both the pre-sale and on-sale because tickets of different prices might show up (remember, you aim is to buy at the lowest price possible). Just before the tickets go on sale, visit the Ticketmaster event page, and get ready to make your purchase.
Ensure that your browser is fast enough, and have your credit card with you. When it’s about two minutes to the time when the tickets will go on sale, start refreshing your browser to ensure that you can buy the tickets as soon as they are available.
Once the tickets are available for purchase, quickly select the number of tickets you want to buy (usually two or four) and search for the best available tickets the first time around. Don’t be tempted to buy the first pair of tickets that come up.
You may find better tickets if you search a little bit more. There are times when you won’t find tickets to buy because you were not fast enough and all the tickets were snapped up before you could say jack. In case that happen, don’t get discouraged.
Just keep practicing and work on your quickness at the point of purchase. If the show is sold out or you weren’t able to get tickets through the official platform, you can also scour EBay or Craigslist for deals that can still fetch you some good profit.
3. Selling your tickets
Once you have gotten tickets to a hot event, then you have scaled the difficult hurdles, which is getting the tickets in the first place. Your next move is to sell the tickets and pocket your profit. This is the easiest part, provided you know how to play your cards right.
eBay and Stubhub are great platforms for selling your tickets at profitable prices. Just check the going rates on these sites to know how much to charge. When setting your price, factor in the cost of shipping and other fees that apply.
Frequently Asked Questions
1. Can You Make A Living Reselling Tickets?
Yes! Although it is hard to buy these tickets as a re-seller, but you can earn a significant sum by selling them since they often appeal to more devoted fans who are willing to spend more to be closer to the artists they love.
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How Do Reselling Tickets Make You Money?
- Buy tickets on ticket master
- Upload those PDF tickets to StubHub
- Sell them for a higher price than you paid
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Can You Make Money Reselling Tickets On Ticketmaster?
Yes! Ticket re-sellers buy tickets at an under-priced value and can then sell them for just a little bit more.
4. Can You Sell Tickets For More Than Face Value?
Yes! You can resell them through secondary market sellers/brokers who are set up to do that.
5. How And When Do You Get Paid After Selling Your Tickets?
If your tickets are sold, you will be automatically notified via email. To check on the status of your posted tickets, go to your listings page. But before you would be paid, you need to provide your taxpayer’s information.
6. Is It Legal To Buy Tickets And Resell Them?
Yes, it is perfectly legal to resell tickets for other events such as gigs and concerts, as long as the sale abides by consumer protection laws.
7. Can You Sell Tickets On Stubhub For More Than Face Value?
Yes, you can. StubHub is a ticket resale website and as such, there are essentially no limits on how much you can list a ticket for, either higher or lower.
8. How Much Does Ticketmaster Charge To Resell Tickets?
To resell tickets with Ticketmaster, sellers usually pay 15% of the ticket’s face value. On a $25 ticket, you would pay $3.75. And your attendees are expected to pay at least 10% on their end ($2.50).
9. How Do People Buy And Resell Tickets On Ticketmaster?
- Sign in to your (My Account) and tap on your order to view tickets
- Tap the Sell Tickets button
- Select the ticket(s) you’d like to sell
- Price your ticket(s) to sell
- Then select which payment method you’d like to receive your funds
- Finally, review your listing and you’re done
10. How Much Can You Make Selling Tickets On Stubhub?
For each completed transaction, the buyer pays a 10% fee, and a 15% fee is deducted from the seller’s payment. For instance, on the sale of a $100 ticket, the buyer would pay $110, then the seller would net about $85.
11. How Does Selling A Ticket On Stubhub Work?
It is free to list tickets for sale and to search for tickets to buy on StubHub. On each completed transaction, the buyer pays a 10% fee, and a 15% fee is deducted from the seller’s payment.
12. How Much Can You Make Flipping Tickets?
Flipping tickets can generate you approximately $1300 to $1500.
13. What Happens When You Sell Tickets On Stubhub?
When you sell tickets on StubHub, your payment will be processed within five to eight business days after the event.
14. What Happens If No One Buys Your Tickets On Stubhub?
If the tickets do not sell at the proper time of the event, when the event starts, they are no longer able to be sold on StubHub (except for specific circumstances).
15. Should I Sell My Tickets On Stubhub Or Ticketmaster?
StubHub is one of the easiest ticket resale sites.
16. How Does Ticket Buying Through Vivid Seats Work?
All tickets listed on vivid seats are managed by professional ticket re-sellers and pre-screened individual sellers. So vivid seats don’t own or generate tickets; instead, they focus on providing a secure, controlled marketplace that facilitates exchanges between ticket sellers and fans.
17. Can You Sell Ticketmaster Tickets On Stubhub?
Absolutely yes, you can list and sell Ticketmaster tickets on Stubhub.
18. What Happens If A Buyer Claims That The Tickets Are Fake?
In case of any claim for a fake ticket from the buyer, use the seller’s name, email address, and phone number, along with the words fraud, scams, and fake tickets for your online search. Look at the tickets before you buy and verify the date and the time printed on them. Make sure the section and seat numbers on the tickets exist at the venue.
19. How Do You Get A Sold Out Ticket?
The following are tips to get a sold-out ticket;
- Join some competitions
- Check the Facebook event
- Join a waiting list
- Head to the venue
- Use twickets
20. How Can You Sell Your Tickets Online For Free?
- Upload your PDF/pk. pass file and select the tickets you want to sell
- Determine your selling price and enter your bank account number
- Promote your listing on Facebook and Twitter
- Get notified and paid when your ticket is sold
21. Is It Easy To Sell Tickets On Stubhub?
Yes! selling tickets on StubHub is quite easy.
22. How Do You Buy Tickets On Ticketmaster Before They Sell Out?
Go to Ticketmaster and locate the event you want to shop for. Then, join the waiting room at least 10 minutes before the event goes on sale. When the sale begins, the queue will open and you’ll be given a place in line.
23. Can You Buy Tickets On Stubhub And Then Resell Them?
Yes! If you bought tickets on StubHub as a guest, you can resell them after registering a StubHub account.
24. Is Reselling Football Tickets Illegal?
No, it’s legal to resell a ticket to a concert or other entertainment.
25. Is Stubhub Safe To Sell Tickets?
Yes! StubHub is safe and legit. The site’s 100% guarantee ensures that ticket buyers get valid tickets to any event or their money back.
26. Can You Resell Platinum Tickets On Stubhub?
Yes! You can resell them through secondary market sellers/brokers who are set up to do that; like StubHub or several others.
27. Do Ticketmaster Prices Go Down Closer To Event?
Yes, they do. You just have to give it time and keep checking back.
28. Why Can’t I Sell My Tickets On Stubhub?
If the type of ticket you’re selling isn’t shown under any other type of tickets you have, you can’t sell them on Stubhub.
29. How Do Scalpers Get Tickets So Fast?
Scalpers use automated methods to purchase limited goods, such as event tickets. They use automated software to sit at the front of the queue and buy thousands of tickets from the moment they go on sale.
30. Why Are Fees So High On Stubhub?
The fees essentially are the money that StubHub receives for providing a service to the customer (buyer or seller, so there are fees on both sides). This is to pay for fraud protection, integrations with partner’s ticketing systems, operational costs, and to obviously profit.
30. How Do You Avoid Fees On Stubhub?
As a seller, if you’re looking to reduce the fees you pay on StubHub, your only real option is to sell a ton of tickets. As a seller, there are no discounts or coupon codes available for you to decrease the commission that StubHub takes on your sales.
32. How Different Is Ticket Reselling And Street Ticket Scalping?
Street ticket scalping usually involves shady-looking characters hanging around the corners near the venue of the concert on the day the event is happening who attempt to sell tickets to anyone who didn’t get theirs before they were sold out. They do so at a premium to make some quick cash.
But, with the advent of the Internet, the entire concept of ticket reselling has evolved. So if you want a ticket to attend a sold-out event, you can simply get it online within a few minutes. Also, if you have a ticket and something has come up, and you cannot attend the event, you can sell them online too.
33. How Do You Get Free Concerts?
To get free concerts, consider the following processes;
- Sign up to be a seat filler
- Become a friend
- Start a music blog
- Start a local entertainment blog
- Become a freelance writer
34. What Are Some Of The Main Hiccups That Ticket Brokers Run Into?
- Selecting profitable events to buy and resell with low risk
- Selling your tickets fast to prevent a bottleneck in cash flow
- Preventing double sales or selling the same ticket twice
35. How Much Can You Make Reselling?
You can earn anywhere between $500 to $1,500 per month in profits if you are reselling part-time.
36. Why Can’t I Sell Or Transfer My Tickets On Ticketmaster?
If you don’t see a sell tickets button or it’s grayed out, selling your tickets through Ticketmaster is not available. So to resell your tickets for events in the US, you must have a US bank account.