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How To Get Started Reselling Concert Tickets

Ticket reselling has always gotten a bad rap. When people think of someone reselling concert tickets, they think of sleazy, borderline-con-artist scalpers. But it doesn't have to be that way. Reselling concert tickets can be done in a way that really does help people out.

Instead of people seeing you as a sketchy ticket scalper, you can go through an online ticket broker and become an upstanding “ticket reseller.” And you can make a pretty penny too.

This post is a great starter guide.  However, if you want a more in-depth training course and join a community of professional ticket resellers, you should look into the Ticket Flipping Training and Community right here.

Become a Ticket Flipper Here

Ticket Scalping vs. Ticket Reselling

But how can reselling concert tickets online be any better than selling tickets on a street corner?

Well, if you go through a broker, they’ll make sure all local laws are followed and everyone involved is in compliance. 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. In this article, we’ll cover exactly how to go about buying and reselling tickets, what ticket brokers are the best, and the potential this business offers.

Alright, let’s get started…

How To Buy And Sell Concert Tickets For A Profit

Literally anyone can become a successful ticket reseller. If you have the determination, tenacity, and knowledge, you can do this.

There’s just one question we need to answer first: why can ticket reselling be a lucrative pursuit? There's no sense in you spending all of your time and energy on it if you can't come away with some easy money.

It’s because the money-makers behind a big event hate empty seats.

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. That’s why artists, event managers, and arena owners very often sell tickets below market value, to ensure every ticket in the place is sold. They’d rather sell underpriced tickets than have an empty venue.

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 more. This means profit for the reseller. And this isn't unethical.

Imagine that someone wants to buy tickets to an Imagine Dragons concert or a Superbowl game, but they don't have the money when the tickets are first released. Maybe their paycheck is next month, maybe they had an unexpected expense. Whatever the case, they can't buy the tickets and that's pretty disappointing.

They're bummed out that they couldn't get the tickets they wanted due to this unforeseen problem. 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 out. And the person who buys the tickets will be grateful. They weren't able to buy them before but with their paycheck in the bank, they can now.

Everyone wins.

How To Get Started Reselling Tickets

First, you need a laptop, which I’m sure you already have. If you don’t, stop reading this right now, go to Amazon.com and find an affordable laptop.

Okay, got your computer? Good.

Now go somewhere with internet connection (your place or your local coffee shop or even McDonald’s). Open up a word processor of some sort and create an excel spreadsheet. This is where you’ll keep track of the tickets you’ve bought and sold and how much profit you’ve made from each.

It doesn’t matter what format, just as long as it makes sense to you and keeps you organized.

There, you’ve got all the items needed to start reselling tickets. Easy as that.

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 here.

Record Everything About Your Ticket Flipping

As you probably guessed from the previous sentences, it’s super important to keep good records of everything. Track every ticket you buy and sell, what profit you had from each, and keep every receipt in your email or some storage system.

This type of recording is helpful because it helps you spot the deals that you do well on. It may be that concerts give you a measly $50 profit per ticket, but sports games give you a massive $250 per ticket. Maybe you sell best in the winter and shouldn't even bother during the summer. Maybe you even sell better on Mondays than Tuesdays.

This extra efficiency helps you to make more money while spending less time. If you get good enough at reselling tickets, you might could only work during your busiest times and take the rest of the time off. Work Mondays and Tuesdays during one band's tour, then take it easy for a few months.

This type of tracking is vital for your long term success. It's a little bit more effort now, but it brings in bigger bucks in the future.

Remember That Selling Concert Tickets Is Slow And Steady

It’s okay to take this whole process slowly. In fact, it’s best to go slowly. It’ll take time to learn the ins and outs and ups and downs of being a ticket reseller, so don’t get frustrated if it’s not taking off right away. You can make a profit your first time (and there's a good chance you will with the right mentoring). But there's nothing to lose by hedging your bets and starting small.

First, try to get started by reselling one ticket. Then bump up to two, three, and as high as you want to go. Get a feel for what venues you're best at. 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. Don't be afraid to slow things down.

Have Fun With Ticket Flipping

Really, have fun. If you’re not having fun doing this, maybe you shouldn’t be doing this. Remember that ticket flipping has the chance of replacing your full time income. It's that powerful! Imagine all the things you could get with an extra $1000 every week. Imagine what it would feel like to fire your boss and tell your company that you're retiring by reselling concert tickets.

That would feel pretty stinking awesome.

Remember to motivate yourself by thinking of all the reasons you're doing this. Maybe you want a little extra cash, or to retire early, or a better life for your children. Motivate yourself by remembering all of the good things in life and how much sweeter they'll be with a few more bucks in your pocket.

Have fun to stay motivated. Stay motivated by having fun.

How To Start Buying And Reselling Tickets

So first we’ll cover three general methods for buying tickets for resale, then we’ll discuss which events to buy tickets to, and finally where to buy tickets.

3 Methods For Buying Tickets For Resale

Credit Card Presale Tickets

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.

There is a caveat — there’s usually a limit to the number of tickets one person can buy. One way around this is to use multiple credit cards linked to multiple accounts with the ticket-selling website, although doing that can get out of hand quickly, so you’ll want to proceed with caution.

This is a great way to buy tickets before the general public and become one of the pined after ticket providers.

Fan Club Tickets

With many artist fan clubs, you can get special deals and early bird tickets.

After you’ve read the terms and conditions of the tickets fan clubs offer and you make sure you’re legally allowed to resell them, you can make a nice profit this way. 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. And others can’t guarantee that you’ll get presale tickets at all.

If you do your research and find a fan club off of which you could make a profit, join it.

Buy The General Public Tickets

This option is a bit riskier but still has potential.

First, there’s no guarantee you’ll be able to snag tickets (thanks a lot, ticket-buying computer bots). Second, there is no guarantee people will go for your “overpriced” tickets.

But if you do go this route, go all in. Have multiple ticket website open on your computer at one time as well as a clock that shows the seconds so you can hit “Buy” the second they go on sale.

What Events To Buy Tickets For

You shouldn’t just buy tickets willy-nilly. Don’t get tickets for every event out there, but rather be strategic.

Here are some questions to ask yourself before buying tickets for resale.

Does The Intended Audience Have A Disposable Income?

This is so important. How can you sell a poor person something?

To figure out whether or not the audience you’ll be selling to has a disposable income, imagine who they are. 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?

Buying tickets based on the artist’s “cool” factor won’t make you money. Figure out who has the older, wealthier fans and buy those tickets.

Did This Audience Plan Ahead?

Audiences who don’t plan ahead are perfect for ticket resellers.

Did people forget to buy tickets? Were they not aware of when the tickets went on sale? Did they not plan to buy tickets because they didn’t know who would be at the event (like with sports tournaments or playoffs)?

Fortunately for them, you’ll have the tickets for sale.

Boom. Profit.

Is The Artist Popular?

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. That’s just a fact.

Now, if someone is popular for something bad, that is a red flag. Maybe you should move on to another artist who’s popular and generally liked.

When And Where Is This Event Happening?

Regardless of these other reasons, when and where an event is happening can trump all of them.

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. A smaller venue will charge more for tickets because it’s more exclusive than a large arena.

Taking this logic into account will greatly help your success.

How good are these tickets?

It’s simple — are these tickets closer to the stage? 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 them. 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 probably your best bet. They’ve got a nice balance of demand and availability.

Where You Can Buy Tickets

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.

How To Start Reselling Tickets

When it comes to reselling the tickets you’ve scored, you have plenty of options, like eBay or Craigslist. 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

StubHub is probably the one of most used websites for ticket resale.

Even though it’s free to list your tickets for sale, StubHub has some pretty high fees compared to come of the other options. So what do they offer that’s special?

The biggest thing they have is eyeballs. Because they’re one of the biggest ticket websites, that’s where most people will go to grab a ticket, meaning there’s more chance people will buy your tickets.

How To Sell Your Tickets On StubHub

How To Sell Your Tickets On Ticketmaster

Ticketmaster is the most well-known ticket website on the planet, so you’ll definitely want to use them to resell your tickets. I like Ticketmaster a bit more than StubHub due to its popularity. Reselling tickets on Ticketmaster is pretty easy and fast.

Not every event allows resellable tickets, so you can only sell on Ticketmaster if there’s a “Sell” button in your “Order details.” For example, if you buy tickets over the phone or through a third party, Ticketmaster won’t let you resell them.

But in the case of those that can be resold, here’s how you’ll do it:

 

You’ll see a confirmation page and you’ll get a confirmation email.

Boom. Couldn’t be easier to make money.

How To Sell Your Tickets On VividSeats

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.

However, you can still make money through this broker, and here’s how:

 

And you’re done!

How To Sell Your Tickets On SeatGeek

SeatGeek is yet another reliable ticket broker website you should consider.

Here’s how to get started with them:

And yet again, you can see it’s super easy to start selling tickets.

Ethical, Legal, And General Concerns

First, we need to talk about the legal and ethical ramifications of reselling tickets as well as the risks involved.  

Ethical Concerns

Ethically, many people see it the same way they see the sleazy looking guy on the street corner outside the stadium — sleazy. But that’s not the case.

People say ticket resellers keep the real fans of the artist/entertainer from getting tickets. But there’s more to it than that.

First, resellers have the same chance of getting tickets as the people who will actually be going to the event. If the true fans really want tickets, they’ll be as determined as successful ticket resellers. And like we mentioned above, there are some people who can't buy tickets when the tickets are released.

Ticket resellers help these people buy tickets later on, but for a higher price.

And second, people say resellers are making a profit off of real fans without any risk. But reselling is by no means risk-free. As a reseller, you’re putting your money on the line. You making an investment that you hope will show a return.  

Legal Concerns

On the other hand, many people wonder about the legality of ticket reselling. Basically, many states have not updated their anti-scalping laws, which still include restrictions on how far a reseller can stand from the venue.

Obviously, you need to be familiar with your state’s laws before getting into reselling.

Fortunately, SeatGeek put together a nice little chart showing each state’s laws on this matter. Basically, there are lots of loopholes you might could squeeze through.

Other Concerns And Risks

As for the potential risks involved in this business, there are two big ones to keep in mind: buyer fraud and having a lack of liquid funds.

Buyer Fraud

I think we can all agree that some people are terrible. Some people are con artists and fraudsters, and those people may try to rip you off.

These buyers may claim you never sent them the tickets or that they were different than what you advertised. Some broker websites offer mediation, but not all of them, so read the fine print. StubHub is probably the safest one to use if you’re worried about buyer fraud.

Lack Of Liquid Funds

Sometimes, you can’t sell tickets as fast as you expected and you have to hold onto them. This could be because of market changes, bad PR for the artist, or even weather conditions.

When this happens, your money stays tied up in those tickets.

So if you absolutely need to sell the tickets for a profit so you can afford to eat, do not buy the tickets in the first place. This should be extra money that you don’t need for regular living expenses. Remember, this is an investment.

Create a special fund just for buying and selling tickets and only pull the profit out of there if you need to get groceries.

Frequently Asked Questions

What Are Stubhub's Ticket Fees?

For each completed sale, buyers pay a 10% fee and sellers pay a 15% fee. 

Is Seat Geek legit?

Yes 🙂 You can buy and sell tickets on Seat Geek. We show you how to do so above. It's a legit operation.

How Can I Sell Tickets On Ticketmaster?

Go to Ticketmaster.com and click the “Sell” button at the top right corner.

ticketmaster

Once you're there, you'll need to search for the event you're selling for and then choose the dates.

ticketmaster sell

And voila 🙂 you can sign in or create an account if you haven't already done so. Once there, it's an easy process.

Is It Illegal To Resell Tickets?

This depends on what state you're selling in and how you're reselling. Most states make it illegal to resell in front of the event venue, but allow online sales. Here is a chart for what each state allows.

Some Success Stories

Just to prove to you that it can be done, here are some stories from others who have made ticket brokering their living. Take for example, Michael Violi and Bryce Conway.

Michael Violi

Michael Violi is a full-time ticket reseller, and he got into the business after going to a TOOL concert.

Before he was reselling, while he was still in college, he bought tickets last-minute from someone at a price higher than market value. He said that really got him thinking.

“For years I always wondered how this person obtained these tickets and how easily he/she just profited from this transaction, for he probably made about $100 in ten minutes of work,” Violi wrote on SeatGeek’s website.

His first resell were four tickets to an Eagles concert. So did he make a huge profit and get hooked from that point on?

Nope.

He lost $25 on the first pair of tickets, then made only $50 on the next two. He had to learn from experience, just like you will. But he kept at it and one day became a self-employed ticket reseller.

Bryce Conway

Bryce Conway is an author with multiple books and he writes about travel, personal finance, and lifestyle design for more than 30,000 monthly readers.

He, like Violi, was in college when the ticket reselling bug bit him.

While he was looking on the Facebook Marketplace to buy a school book, he saw two posts, one right after the other: “Selling football ticket, $50” and “Looking to buy football ticket, willing to pay $150.”

So he jump on the opportunity. He bought the ticket from the the first person and sold it to the second person. Then he set up a meeting with each person a block away from each other.

“I grabbed $50 cash, bought the ticket from the first person, then walked one block away and sold it for $150,” he wrote on his website.

From that point on, he was buying and selling ticket left and right.

Conclusion

Now that you’ve read this whole article, you know the basic things you should know before getting into ticket brokerage.

If you are ready to get some more in-depth video training on becoming a ticket broker, join the ticket flipping community right here.

Click Here to Become a Ticket Flipper

You know that it’s not scalping, and it’s much classier and lucrative than the street-dwelling resellers. This is your business, after all, and you should treat it like one.

You know how to get started buying tickets for resale and from whom to buy them. We covered how to be smart about your ticket buying decisions. And you also know where to sell your tickets and which ticket broker websites are the best.

We went over some concerns and risks, and we looked at others’ success stories in order to see the potential this business offers.

But even with all of this info, you will still have to learn a lot just by doing it. Just get out there and start reselling and learn your own lessons.

Remember, getting into this business is an investment with both risks and rewards. If you work smart, stay persistent, and always obey ticket reselling laws, you should be on your way to becoming a successful ticket broker.

But as with any business venture, there is a shortcut. You can go at it on your own or you can learn from the mistakes and successes of others. I like to learn from the mistakes of others.


Niche Business Ideas

By Caleb Murphy
June 14, 2019 | 1 Comment

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Megan Alder

My husband and I are big concert goers and we are are always buying tickets. We have recently had our first child and are now realizing that we won’t always be able to make it to the concerts we buy tickets for. Because of this, we have been looking for concert ticket services, or other ways that we can re sell some of our tickets. I didn’t realize it was illegal to use certain third parties, I will have to keep doing research on what our best options will be.

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