Purchasing tickets to events or shows then selling them at a profit is nothing new. People have been reselling tickets for decades but the internet is now shaping this trend to be more sufficient. It has become very easy to research what shows are expected to sell out as well as sale and presale dates. Ordering tickets has become a breeze and for most events can be done right over the internet. Certain shows may only allow ordering over the phone or in person but this is few and far between.
You generally don’t have to stand in long lines while tickets are going on sale anymore. In fact, you can even be notified of special events when they are going on sale as well as details of each venue. This is commonly done by the larger ticket vendors.
There are also websites that provide access or information to access presales so you are able to purchase tickets prior to them going on sale to the public. This can be very useful for resellers or people determined to obtain tickets to a specific events. Event presale password information can be obtained through paid websites or can be found in opt-in emails sent by venues and promoters.
People are more commonly looking to the internet for sold out events on websites such as StubHub, eBay, and TicketLiquidator. These websites provide easy to use listings to allow the customer to find the event they are looking for as well as allow them to bid or purchase on the item directly through the internet. Once purchased, the item is shipped or delivered to the customer directly from the seller. These websites simply charge a small fee to the sellers for each item sold or listed within their service.
When reselling tickets you will need to keep in mind any fees involved prior to setting your sales price. Fees involved can include listing fees, shipping fees, and of course the time you spent obtaining and selling the tickets. Always try to have the highest profit margin possible because in certain occasions you may find yourself selling tickets for less than you paid for them.
Understand that you should research your local and state laws before reselling tickets. Many states have specific laws set in place that do not allow you to profit from reselling tickets and others do not. Reselling tickets for a higher value than the price on the ticket can be considered illegal based on state and federal regulations but this is not the situation for every state or country.
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