‘How I Became A Ticket Broker’ A First-Hand Account
Nov 21, · How to Become a Ticket Broker. 1. Study the Industry. This is your first step, and it’s probably the most important. Ticket brokering can be fun and extremely lucrative, but it’s 2. Secure Startup Capital. 3. Get Organized. 4. Do Some Mock Sales. Estimated Reading Time: 8 mins. 3 Steps to Starting a Ticket Resale Business Step 1: Gird Your Loins No, ticket brokering is not a get rich quick scheme, and no, you won’t become a millionaire in Step 2: Master the Art of Ticket Pulling Give anyone off the street a pair of first row tickets to the next One Step 3: Master the.
After experiencing an economic setback during in the late s, the live entertainment industry now looks stronger than it ever has before. Without a doubt, live entertainment is back. And ticket brokers all over the world are continuing to reap the benefits. Ticket brokers play a very important middleman role for fans aa to score premium seats to concerts, sporting events, award shows, or theater productions.
There are a lot of unpredictables, a lot of tough decisions, and a ton of organizational work that goes into this business. The most popular and widely-respected resource on the business of ticket brokering is Ticket Broker Blueprintwritten by professional ticket broker Brandon Baker.
It is a complete step by step guide to becoming a professional ticket broker, and it has helped thousands of people get started in how to get psp emulator on pc industry. Rest assured, mistakes tickeet be made and money will be lost at the very beginning. Instead, make sure you have ample cash reserves to fund your venture from Day 1.
There are two major differences between ticket brokers who last in this industry and those that get wiped out. The first is preparation; the second is keeping good records. Just think about it for a second. Not only will keeping good records help you keep track of inventory, it will enable you to constantly improve your business by analyzing which tickets made money and which ones lost money.
Over time you will begin to notice patterns and adjust your purchasing decisions accordingly. A mock sale is simply going through all the motions of buying and selling tickets without actually buying and selling them. Take a survey of upcoming music tours or sporting events that you have reason to believe will sell well in the ticket aftermarket. Try to pull a pair of tickets to the event, and if you how to remove burned food from non stick pan finally score a pair of tickets that you think are hot, mark down how much they would have cost you.
How much did your tickets or a pair of very comparable tickets sell for on StubHub? How much would you have made or lost, after all fees are taken into account? Are your tickets simply not attractive enough to merit a premium? Are your tickets too expensive at face value to turn a profit? Are your margins so small that fees are eating you up? Without giving everything away, the biggest misconception in the ticket brokering industry is that professional ticket brokers have secret, backdoor techniques for scoring great tickets that are not available to the general public.
Nothing could be further than the truth! Ticketmaster would never allow this practice in the first place. What you need in order to score premium seats consistently is a systematic approach to purchasing tickets and the right infrastructure to get the job done.
All this will come with enough experience combined with trial and error. There is no tickey grail--just perseverance and know-how. The book mentioned above offers some excellent techniques and insights on pulling tickets that the average fan will probably not have thought of.
The demand for live entertainment will brokee never die, and so the job prospects for ticket brokers continues to look positive. Best of all, you can tailor your ticket brokering venture to suit whatever schedule you happen to be on. Need to make a few extra brokwr on the side while working a full time job? Ticket brokering can provide that.
Want to earn six figures buying and selling tickets full time? You can brker that too. US Edition U. Coronavirus News U.
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There is probably no better way to learn how to buy tickets effectively than doing mock sales. There is no secret to scoring amazing seats on Ticketmaster. Calling all HuffPost superfans! Sign up for membership to become a founding member and help shape HuffPost's next w. Join HuffPost. Today is National Voter Registration Day!
Selling the Tickets
Michael Violi is a Self Employed Ticket Broker. You can find him on Twitter at @theticketwizard. When I was growing up I never thought to myself, “One day I will be a ticket broker.” Heck, I didn’t even know what a ticket broker was, but I did know what a ticket (street) scalper was and I Estimated Reading Time: 6 mins. How to Resell Tickets: Make money with Ticket Resale Reselling tickets for a profit is perhaps the simplest method for making money online. It is the way we, as the owners of Ticketflipping, first began to make money online. Steps to Becoming a Ticket Broker. Analyze the Industry; While ticket brokering is lucrative and extremely fun, it is not meant for everyone. So, it is important that you first analyze the industry. The best way to do this would be to examine how the other successful ticket brokers are running their business. Decide on a Startup Capital.
You can find him on Twitter at theticketwizard. With the advent of the Internet the whole world of the secondary ticket market was turned upside down. Now, if you needed tickets to a sold out event, then you did not have to buy them from a street scalper.
If you had tickets for an event that you could not attend, then you could now sell them on this amazing new site called eBay. On eBay. On the floor, in the pit. I bought a pair and was fired up for the show.
I was in Grad School and I realized I was about 12 months away from having to find a real job. All throughout college I tried to get internships with various sports teams and I even worked for ABC Sports for a few years, but nothing fit. My ultimate career goal in life was to have my own businees but not have the type of business in which I had to work hours a week. My first ticket purchase for resell was four tickets to a show for the Eagles in Hershey, Pennsylvania.
I had no idea why I picked this event to resell, and I had no idea what I was doing. Next, I bought some tickets tickets for U2 in Detroit, thinking that any seats anywhere would make money because it was U2! I never thought I could lose money on a U2 concert, but that day I learned how important market size, day of the week, number of shows, supply of tickets, etc.
I started buying and selling everything in site. Somehow I made this work, and I was literally doing this credit card dance for years with a higher credit limit. There were plenty of times that I bought tickets that were barely worth the paper they were printed on, but that is how I learned the business. Through trial and error.
Over time I just made less errors. When I moved back to Texas after Grad School my parents were absolutely hounding me about getting a full time job. I would not be getting any K nor would I have any health insurance…they were not pleased to say the least. So I began the slow grind of making a living from selling tickets on the internet. For years my only purchases were concert tickets , and there is no secret to getting concert tickets even though many people think that all ticket brokers have some kind of inside connection.
To get good concert ticket you would have to figure out the event onsale time, and ideally the first presale time and buy the tickets the second they went onsale. I became an expert on how to buy tickets online for all sorts of concerts. The only problem with this is that you had to be near a computer at a specific time nearly everyday to buy these tickets, and I did not feel great about competing for tickets with the common fan and then marking them up and selling them to them 10 minutes after the Ticketmaster sale.
I felt there had to be a better way to make a living from being a ticket broker and that is when I stumbled upon the world of sports tickets , and oh what a glorious world. Slowly I started acquiring tickets from various teams through mini plans and season tickets. What I learned is try to make a little money on the regular season and then pray, and I mean pray that the team makes a deep playoff run.
After years, and a much larger bank roll, I was able to learn the art of profiting from sports tickets. I have been a broker for about 8 years now and the financial freedom and flexibility it gives me is amazing. Overall, I can say I am happy with my career choice and plan on being involved with tickets in some sort of capacity the rest of my life.
Update : You can now sell tickets right on SeatGeek! TBA by SeatGeek. The beauty of sports tickets are many Prices can greatly fluctuate depending on the performance of teams, promotions, opponent, etc, and if you were a sports nut you had a huge advantage in predicting the market over the non sports enthusiast.
I was just taking on risk, and if you know the market that risk is minimal.