How to Professionally Resell Concert Tickets
by Nicole Koerfgen
Update:
- Must Know Answers
- What Are Resale Concert Tickets?
- Is it Legal to Resell Concert Tickets?
- Finding High Demand Concerts
- How to Identify Popular Artists
- Keep Updates on High Demand Events
- How to Sell Concert Tickets
- Best Site to Resell Concert Tickets
- When is the Best Time to List Tickets
- How to Set the Right Price Range
Do you want to become a professional ticket broker? Considering the rise of interest in live events since covid, reselling tickets has become a lucrative business. However, success in this endeavor requires careful consideration and strategic planning. What aspects should you focus on to maximize your profit? We give you all the insights in two parts: How to find events to buy and how to resell concert tickets you bought.
Must Know Answers
Before learning how to maximize your profit, sellers must know answers to the following questions.
What Are Resale Concert Tickets?
Are you wondering “Can You Sell Resell Taylor Swift Tickets” or “How to Resell Tickets on Ticketmaster,” you have come to the right place. Resale concert tickets are tickets acquired from an original seller and then sold by individuals or brokers. These tickets establish an alternate market for fans who might have missed the initial sale or are searching for specific seating options.
Is it Legal to Resell Concert Tickets?
Yes, in most jurisdictions, it is legal to resell concert tickets. However, it is essential to know the specific laws or regulations in your area. Some venues or artists may have restrictions, so always check the terms and conditions. In some states, ticket scalping is illegal, and a specific license is needed – for example, New York, Alabama, Georgia, New Jersey, Pennsylvania, Illinois, and Massachusetts.
Finding High Demand Concerts
Now your next question into ticket selling business will be “how to find resale tickets.” One crucial aspect of reselling concert tickets is identifying high-demand events. Keep an eye on trending artists, popular tours, and events with limited seating. By focusing on these in-demand tickets, you increase your chances of a quick and profitable resale.
How to Identify Popular Artists
It’s important to find artists that have long-term popularity. Songs trending on TikTok may come and go, but dedicated fans are likely to stay.
Stalk SNS trends, like X (Twitter), to find trending artists.
Use trend-identifying websites like Google Trends.
You can also use song streams to gauge the artist’s popularity.
Research past tour popularity, such as the concert revenue.
Use websites like Ticket Flipping to find trending or popular events.
Keep Updates on High Demand Events
Being on top of information such as tour or concert announcements, when tickets go on sale, or where to register for a ticket presale is important to maximizing your profit.
Subscribe to mailing lists of popular artists.
Follow companies like Live Nation that have a lot of contracts with popular artists. Monitor their news to stay on the lookout for tour or concert announcements.
Monitor festival headliners. Sometimes popular artists are announced to take part with little warning.
Once you have secured the concert tickets, the next step is deciding how to sell your ticket.
How to Sell Concert Tickets
Foremost, you must choose a ticket resale site. Although the current article focuses on seller fees, future articles will also explore how to choose the best ticket resale site.
🎟️How to Sell Tickets on TicketX🎟️
Best Site to Resell Concert Tickets
There are several reputable ticket resale sites such as Ticketmaster, StubHub, and SeatGeek. In return for providing sellers with the market, platforms take a percentage of the listed ticket price when tickets are sold. These fees determine your overall profit margin. Understanding each platform's fee structure will help you make an informed decision about where to list your tickets.
Resale Website | Sellers Fee | Seller’s Profit for a $100 Ticket |
|---|---|---|
10% | $90 | |
15% | $85 | |
No fees | $100 | |
10-15% | $90 - $85 | |
15% | $85 |
If you are interested in selling your concert tickets via app rather sites and wondering the best app to sell concert tickets some recommendations is to check if secondary markets such as SeatGeek, Stubhub, TickPick, TicketX, Ticketmaster has an app. The best app to sell concert tickets will differ by your preferences in your ticket selling business!
Set to selling tickets at Ticketmaster or Stubhub? How to resell tickets on Ticketmaster and How to resell tickets on Stubhub is kindly given here for your information! Learn how to resll tickets on Ticketmaster and how to resell tickets on Stubhub, however, don’t forget TicketX could lead to your ticket selling in a beneficial way. Kindly read below.
At TicketX, you can sell your tickets with no commission fees, letting you keep 100% of your earnings. Our advanced security measures and verification processes ensure that all transactions are safe.
🎟️How to Sell Tickets on TicketX🎟️
When is the Best Time to List Tickets
When reselling tickets, timing is key. Research (1, 2) shows that the best time to list concert tickets is typically a few weeks before the event when demand is high, but supply remains limited. Use this opportunity to attract buyers and optimize your profits.
How to Set the Right Price Range
For you to successfully resell your tickets, the right price is crucial. Consider the value of the ticket, demand for the event, and overall market conditions. A competitive yet cost-effective price will attract buyers while ensuring you get a fair price.
One way of finding the best price range is using tools like seatdata.io, which aggregates past ticket prices for artists.
This user-friendly network allows sellers to reach a wide audience and provides buyers with a trusted source to purchase tickets. Consider using TicketX to maximize your ticket resale potential because there are no commissions and no listing fees.
🎟️How to Sell Tickets on TicketX🎟️
To sell tickets successfully, you need a well-thought-out strategy. The deciding factors are demand, fees, timing, and price. If you pay attention to every detail, you can make the most profit as a ticket broker and build trust among fans of concerts, musicals, and other event tickets. Whether you're a buyer or a seller, remember: Learn the best practices when it comes to ticket resale to have an ideal or profitable experience. You have further questions about how to make the best possible profit from reselling tickets. Then check our FAQ and find your answers at TicketX.
About TicketX
TicketX is America's newest secondary ticket market, which debuted in July 2023. TicketX's mission is to provide the best ticket-selling and ticket-buying experience for American users. Thanks to our solid foundation built by TicketJam, the largest secondary ticket marketplace in Asia, TicketX promises to bring long-term support as well as world-class customer experience to the American audience. By leveraging the expertise and success of TicketJam as well as its Magazine, TicketX is poised to set new standards and redefine expectations in the dynamic world of resale ticket markets within America.
