Best Way to Sell Concert Tickets

2 Ways to Sell Concert Tickets

There are a few reasons we want or need to sell concert tickets: We can't attend the concert, some want to make a profit from the resale, and others have sudden changes in plans. But how can you best sell concert tickets if one of these examples occurs? TicketX explains 2 ways to sell concert tickets and which option is the best.

Option 1: One on One

The first option is to sell the tickets one-on-one: Two individuals enter a direct exchange, with no middle person represented. What are the benefits and disadvantages of this sales method?

3 Benefits of Selling Tickets One on One

• Instant Payment: The seller receives the money for the ticket immediately, as no middlemen or payment processors are involved. This can be particularly useful when the sale needs to be completed quickly.

• Personal Interaction and More Trust: Direct ticket sales enable personal interaction between buyer and seller. Both parties can exchange ideas in person and clarify any questions without an intermediary.

• Price Flexibility: When selling directly, the buyer and seller can negotiate the price. There are no fees or other price increases; tickets may also be available for purchase below the regular price.

6 Disadvantages of Selling Tickets One on One

• No verification: Buyers are reluctant to buy tickets via online platforms such as Twitter, Reddit, or Facebook. The authenticity of the ticket or the reliability of the seller cannot be verified, and cases of fraud are now increasing.

• No security: The risk of fraud or theft is high. Without a trustworthy brokerage platform such as SeatGeek, TicketX, or StubHub, the security and integrity of the transaction can be difficult to assess.

• No Guarantees: You cannot offer the buyer any guarantees. Refunds are difficult if the ticket is faulty or the event is canceled.

• No identity check: You, as the seller but also the buyer, often act anonymously. People with fraudulent intentions could purchase the tickets, but their identities cannot be traced.

• Low reach: The direct sale of tickets between two people is limited to their personal or social circle. As a seller, you won't reach many potential buyers - a specialized online platform or ticket resale website is a better choice.

• Legal uncertainties: Sometimes, selling tickets directly may violate the organizer's policies or local laws. Without compliance with regulations and guidelines, the seller may risk legal consequences or sanctions.

Option 2: Resale Sites

What can you benefit from if you choose ticket resale websites? You should consider the following advantages and disadvantages.

4 Benefits of Ticket Resale Websites

• High reach: The number of registered users on well-known ticket websites is high, which guarantees a wide reach and many potential buyers.

• Ease of Use: Most resale ticket websites are designed to be user-friendly: sellers can quickly list their tickets and provide information – like seating, pricing, and delivery options.

• Ticket Guarantees: Resale ticket websites usually offer a guarantee program. Although sellers do not need a guarantee - since buyers are obliged to pay for the tickets in advance. They provide security: For example, a refund is possible in the event of a problem with the tickets or transaction. At TicketX, the 100% refund policy is also included.

• Frequently Asked Questions (FAQ): Is this your first time selling cards on a resale website? No problem – most providers offer comprehensive FAQs for listing tickets, so you can easily find your way around. Questions and concerns about the sales and payment process are quickly resolved.

• Multi-site listing: Can you list tickets on multiple sites? Some ticket websites allow sellers to list their tickets on multiple platforms at once, which means increased visibility and sales opportunities for you.

  • IMPORTANT: You need to be cautious. If your ticket was sold on another site and you neglected to remove the listing from other platforms, resulting in two separate individuals purchasing the same ticket, you could face penalties for not delivering the ticket to one of the buyers.

4 Disadvantages of Ticket Resale Websites

• Huge fees: There are ticket websites that charge high fees for resale. These demands can reduce the profitability of the sale. However, there are exceptions – like TicketX.

• Slow payout: On most resale websites you will receive your money 5 to 7 days after the event.

• Restrictions: Some ticket websites require you to follow guidelines that limit you as a seller. For example, there are rules regarding the types and number of tickets you want to sell. Sometimes, listings are only active for a short period of time.

• Competition: You are competing with many other providers, meaning the price pressure can increase, and you must sell below your desired value.

  • One way to alleviate this problem is to promote your listed tickets on SNS. Buyers are happy to get tickets from a verified seller, and sellers are happy to ensure a purchase.

Best Way to Sell Concert Tickets

Whether you choose 1 on 1 sales or a ticket resale website depends on your priorities and preferences. Do you want a personalized transaction and want to control the entire process? Then the first option is probably the better choice.

Would you like to sell your tickets without much effort, with a wide reach and securely? Then choose resale websites that don't charge fees (for example TicketX).

Follow our step-to-step guide on how to sell concert tickets on TicketX and make the most profit. We have compared the 5 best ticket resale platforms for you – find your trusted resale website now.