Are you wondering how to sell concert tickets? If you are, this guide is just the place for you! Click here for useful tips and guidelines.
Do you want to start a ticket resale side hustle or have tickets for a concert that you no longer intend to go to?
Either way, you’re probably wondering how to sell concert tickets.
If you are, you’re not the only one. Many people in this situation are unsure how to offload the tickets if none of their family or friends want them.
In this comprehensive guide, we’ll give you the whole scoop on how you can sell concert tickets in a jiffy.
If you’re wondering whether buying and reselling tickets is a good idea, the answer is yes.
Ticket reselling can be a highly profitable business with plenty of advantages. Here are some of them:
Selling concert tickets may have many positives, but it also has some issues. Here are some of the problems associated with this venture:
When you buy a large number of tickets for an event, you run the risk of not being able to sell them all.
There’s no way to forecast mishaps like scandals that may cause demand for an artist’s concert to plummet.
Another potential issue with concert ticket resale is that there are millions of others trying to do the same thing. This can make it difficult for you to achieve the sales you’re expecting.
When reselling tickets for an upcoming concert, you have a set time to sell them all.
This means that you have to work fast and strive for maximum exposure because the tickets will become worthless. If the event date passes and you still have them on hand.
Despite not being an illegal activity, there’s a negative stigma surrounding concert ticket resale.
Some states have strict regulations and laws that restrict the secondary ticket market which can impact the amount of money you stand to make.
You’re going to need certain essentials to get your concert ticket resale business up and running.
Here are the basic requirements for starting a ticket reselling business:
Here are the best platforms to use when buying and reselling concert tickets online:
Whether it’s concert, sports, theater, or live entertainment tickets, StubHub is a great place to buy and sell them.
The platform provides sellers with great tools and services. The leading platform in the secondary ticket market has surprisingly reasonable fees and allows sellers to list their tickets for free.
TicketMaster made its debut in 2010. Since then, it’s become one of the biggest ticket marketplaces worldwide.
Like StubHub, TicketMaster also offers sellers free ticket listings.
The platform has a massive user base. This high usership allows your listings to reach a large audience.
Vivid Seats has been in existence since 2001, giving it over 20 years of experience in the secondary ticket market.
This platform is as reliable and safe as any for those reselling concert tickets. Vivid Seats charges sellers lower fees than StubHub and TicketMaster.
When trying to sell concert tickets, there are certain steps you’ll need to go through. The process is easy if you know what to do.
Here are four measures you should take when reselling concert tickets:
To maximize the chances of succeeding in reselling concert tickets, you need your offering to reach as many people as possible.
This is why you need to use a platform with a large number of users. Such platforms give your listings maximum exposure.
Whether you decide to use StubHub, TicketMaster, or Vivid Seats, you’ll need to register an account on them before you can start selling.
Here’s how to do so on StubHub:
To create an account on TicketMaster:
As for Vivid Seats, here are the steps for creating an account:
Alternatively, you can register via Facebook.
Now that you’ve created your account, it’s time to list your tickets for sale. StubHub and TicketMaster allow you to do so for free.
Here’s how to list your tickets for sale on StubHub:
To list your tickets on TicketMaster:
As for Vivid Seats:
If you’re only trying to get back the money you paid for tickets you don’t intend on using, this step isn’t that important.
In contrast, this step is essential if you’re looking to make a profit by selling stuff online.
You’ll need to thoroughly research similar listings and gauge the average going price for your tickets.
To encourage buyers to choose your tickets over others, we advise setting your price a bit lower than the average. You should ensure you’re not setting the price too low and selling at a loss.
You should also consider how you’re going to get paid. The most popular payment methods are Paypal or direct deposits to your bank account.
The final step is to let people know that you’re offering tickets for sale.
You can use popular social media platforms such as Facebook and Twitter to do so.
Reddit is another great platform to market your listings on. Look for threads with the artist you’re selling concert tickets for as their subject. These threads are likely to be seen by fans willing to pay top dollar for the tickets you’re offering.
When selling concert tickets, there are certain factors you should keep in mind.
Here are some of them:
StubHub and TicketMaster charge sellers a 15% commission on each sale. The commission charged by Vivid Seats is only 10%.
There’s a trade-off at play here.
While Vivid Seats takes less money from you, the higher commission charged by StubHub and TicketMaster comes with a significantly larger volume of users that can potentially buy your tickets.
As a concert’s date gets closer, its ticket prices rise substantially.
In turn, if you’re trying to profit from reselling concert tickets, you should purchase the tickets as early as possible. This proactivity will allow you to offer lower prices than the competition and still make a large chunk of cash in profit.
Buying concert tickets this early subjects you to higher risk. Any negative publicity surrounding the artist can put off fans and lower the demand for the event’s tickets.
Here are a couple of questions people commonly have about selling concert tickets:
If the concert ticket you’re trying to resell has your name on it, it’s still valid. As far as the venue’s concerned, the ticket’s barcode is the most important factor.
Don’t attempt to remove your name from the ticket because you risk invalidating it if you do so.
Keep in mind that most reselling platforms will charge you a fine if the buyer doesn’t get into the concert with the ticket you sold them.
Unfortunately, not all concert tickets are eligible for resale. The decision as to whether or not they are lies with the event promoter.
Don’t worry, you can still resell the tickets to others, but not through major platforms such as StubHub and TicketMaster.
Here are some tutorials that may come in handy when trying to sell your concert tickets:
Are you looking for a side hustle to start to boost your earning power?
If you are, reselling concert tickets is an excellent avenue to explore. You may also just want to get rid of some tickets you bought and aren’t going to use.
In both cases, following the instructions and tips explained in this guide will greatly raise your chances of successfully offloading these tickets.
Let us know if you have additional questions or concerns in the comment section below.
Don’t forget to tell your loved ones about this guide if you found the guidelines we’ve provided useful.