How To Become A Ticket Broker: Learn How To Buy And Sell Tickets For Profit

Have you ever tried to buy tickets to a concert or sporting event only to find out that the event sold out in seconds/minutes? The real trick is that if you were to check the inventory on Stubhub, TicketsNow, or TicketLiquidator, you would find hundreds if not thousands of tickets available at prices much higher than face value. It sure doesn’t seem fair, but instead of crying and complaining, we should take a perfect opportunity to earn some money. If you can’t beat them, join them! The only difference between you and them is that they know you don’t.

If you’re willing to put in some time, research, and effort, becoming a full or part-time ticket broker may be for you. The barrier to entry is minimal and you can start as slow or fast as you like. I’ll provide you with the resources you need to get started. The stock broker industry is a bit of a secret society, but the following information should give you a pretty good foundation on the things you need to know to become a full or part time ticket broker.

Benefits of becoming a ticket broker

* Very low start-up costs.

* Supplement or Replace your Current Income.

* Learn how to buy event tickets at the lowest possible cost.

* Spend as much or as little time as you like with the business.

THE SECONDARY TICKET MARKET – WHAT IS IT?

The secondary market is created when any ticket to an event is sold by someone other than the primary seller. For example, you could buy a couple of Madonna tickets on Ticketmaster the morning they go on sale and then sell them on Stubhub for a price more in line with true market value. The top 3 players in the secondary market are Stubhub/eBay, TicketLiquidator (backed by Ticket Network), and TicketsNow (now owned by Ticketmaster.com). I recently read that the events industry is a $10-$12 billion dollar industry. There are many people who make money in the industry, including primary and secondary resellers. Heck, even the guy who works down the street corner at your local joint is getting his piece of the pie. However, we are not interested in that type. We want to earn money from the comfort of our homes. I should also point out that ticket sales are not illegal in most states. In fact, many states have written legislation to eliminate these archaic laws. You will need to check with your local/state laws to make sure you are in compliance.

KNOWLEDGE IS POWER – IT’S NOT WHAT YOU KNOW, BUT WHO YOU KNOW

You are not going to learn how to become a ticket broker by yourself. You will need the support of others in the running community. The first place you will want to visit and explore is EventExperts. You will want to learn about the ticketing business from other people who are already in the business. They have a great online community and I HIGHLY recommend that you surround yourself with people who know what they are talking about before you buy and sell your first tickets. Not only do they offer a strong community, but they also have ‘experts’ who make predictions on whether or not a ticket will sell. As a member of their community, you will have access to request predictions for your own events that you are considering purchasing. Many of the experts have been there for years and have a wealth of information to share. There is a minimal monthly subscription fee, but I think that’s a very small price to pay for the information you’ll receive, especially if you’re new to the business. There is a great article on their site called HOW TO BECOME A TICKET BROKER that you should read if you want to learn more about the site.

You’ll also want to know when the events will go on sale. Ticketmaster is the largest primary ticket seller, but it’s certainly not the only way to make money in this business. There are several websites that aggregate sales data from the different top sellers and make it much easier to determine what you would like to buy on any given day. Many of them also offer pre-sale passwords which will usually give you an edge over your average Joe concert goer.

subscription sites

* PresalePassword: Managed by the same people who manage EventExperts. You will have the option to purchase a combo package upon registration that will include this site.

*ShowsOnSale – This site has some stricter guidelines to get approved for membership. If you don’t already have a ticket sales history, I don’t think it’s worth applying as well. Although the information is excellent! The application can be found on their site.

* OnsaleDate – Free trial available. Daily emails showing all Ticketmaster sales for that day can be set up to email every morning. The site is minimal but does the job well.

* Scourlist – Monthly subscription. This site has listings/passwords for many major sellers including Ticketmaster, LiveNation, Tickets.com, House of Blues and many more.

Free Sites Onsale/Password

* WiseGuys – A bit ugly due to the format of the blog, but does a good job of posting information on the site.

* TicketHorde – again, the format is not the best, but the information is good.

* SlickDeals – This is a message board thread, but it contains a lot of good pre-sale passwords.

* LiveDaily – This site is owned by Ticketmaster and they do a good job of bringing you the latest concert announcements etc.

* TicketNews – Ticket News is a Ticket Network sponsored blog featuring articles on upcoming tours and industry news.

WHERE DO I SELL MY TICKETS?

The question should be where do you NOT sell your tickets. As a broker, you’ll want your tickets in as many markets as you can. The more visibility your tickets have, the better your chances of selling them. Most of the professional brokers have their tickets listed in all the major markets. You may see the exact same tickets on Stubhub that you’ll see on Ticketsnow.com. This is very common. A broker will delist your tickets in all markets once he receives notice that they have been sold. You may be wondering, “What if they sell in two places at once?” This is possible, but it doesn’t happen often. In the ticketing business this is known as a “double sell.”

cheap/free markets

* Stubhub: Every broker must have an account with Stubhub. They have become a household name and generate a ton of traffic. Stubhub keeps 15% of each sale, so be sure to price accordingly.

*eBay – eBay is still a good place to sell tickets, but I would list your tickets as a BUY IT NOW price instead of putting them up for auction. You will almost always get more money using BUY IT NOW.

* Craigslist – In the world of ticket brokers, Craigslist is usually a good place to download tickets for last-minute events. The amount of time you’ll spend going back and forth with a client looking for a deal will prove too slow for your business as a primary market.

* TicketsNow: Ticketsnow recently changed their business model to allow people to sell tickets on their site. This website has a lot of visibility, especially since Ticketmaster links you directly to it for most sold-out events.

Point of Sale System

When your business starts to grow and you have substantial inventory, it will be beneficial to join one of the major players in the ticket broker industry. You will be allowed to post tickets on exchanges and your tickets will then be broadcast to hundreds of websites. You will also have the benefit of a Point of Sale system that will allow you to accept credit cards and manage your sales/inventory.

* TicketNetwork – For around $2500/year, you’ll have your own ticketing website, point-of-sale system, and access to millions of dollars of inventory.

* EventInventory – Until you have an established track record and know someone who can refer you to Event Inventory, you will likely be denied use of your POS system.

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