Make Money Reselling Sports Tickets
As an entrepreneur, now is the perfect time to enter the sporting event ticket reselling business. Having a solid grasp of the basics of making money off sports tickets is essential whether you’re just starting out or trying to grow your business. You can earn a living by reselling sports tickets, and this article will give you brief glimpse as to how to do it.
Buying Season Tickets
Getting your hands on sports tickets before the rest of the general public is the first order of business when reselling them. This usually necessitates buying season tickets for the teams you are interested in. But this can be a difficult process, especially if you live in a different state from the team you are wanting to buy season tickets for. But it’s important to understand that these will be the cheapest possible tickets to resell — they could cost as little as 30% less than what the teams will charge for individual game purchases.
Additionally, many, if not most teams, give you the option of making monthly payments for season ticket plans, meaning that you don’t have to shell out cash for the entire season at once.
Approach to Pricing
The key to successful resale is setting the correct pricing. Think about the demand of each single game. Is it a critical matchup? Is it a rivalry game? Does the road team have large fanbases like the Dallas Cowboys, Green Bay Packers, or New York Yankees? Is the game during the week instead of on the weekend? Where are the seats located? What is pricing like from others sellers in your section (and comparable sections)? There are numerous other factors to consider but these are the main ones.
Sell Your Tickets on ALL the Secondary Markets
Popular options include Ticketmaster Resale, StubHub, Vivid Seats, SeatGeek, Gametime, TickPick, and Ticket Network. By using an online application (also called Point-of-Sale or POS) such as SkyBox, you can broadcast your tickets to all the secondary markets thus increasing your chances of getting a sale on each individual set of tickets.
Fulfill Your Orders and Get Paid
Once your tickets have sold, the next step is to fulfill them — in other words, send them to the buyer. Use software such as Automatiq to automatically fulfill ticket purchases.
In Conclusion
If executed properly, reselling sports tickets can be a very profitable business. At Smart Scalpers, we have set up the entire system above. All you have to do is join us and start making $$$. Click here to get started.