Mastering the art of ticket sourcing is the first step towards success when starting in the world of ticket reselling, which might be intimidating at first. To help you make informed judgments about which events to invest in, this tutorial will walk you through the basics of using primary ticket sites, learning about the various ticket categories, and more.
Making Your Way Around Main Ticket Websites
Everything starts at the primary ticket selling sites including Ticketmaster, Live Nation, and AXS, among others. Find out how to purchase on each site and what features they provide; for example, Ticketmaster has a Verified Fan program that you have to sign up for in advance for high-profile artists but provides a more regulated environment for buying. Your chances of getting tickets to popular events will improve if you use these options.
Ticket Types: A Comprehensive Guide
There are several types of tickets to purchase including general admission (GA), VIP packages, reserved seats, Platinum seats, and more. The one-price-for-everyone general admission tickets makes them popular, while the location-based value of reserved seats drives up their prices. Though they come with a larger price tag and a greater degree of danger, VIP packages may be very profitable — but buy at your own risk!
Assessing Events for Their Commercial Value
In terms of how much you may get for your money, not all tickets are the same. Big concerts, sports playoffs, and unique theatrical performances are examples of high-demand events that often provide the biggest profit prospects. To find out which tickets will be in high demand, watch for forthcoming tours, sports seasons, and promotional announcements.
Maximizing Your Benefit from Presales
Buying tickets through a presale is a fantastic method to beat the crowds. Codes are usually required, and they can be obtained through subscription services, credit card companies, or fan groups. By taking part in the presale, you may improve your odds of obtaining a ticket and sidestep the bots and heavy competition that plague the main sale.
Decisions on Strategic Purchases
Take the time of your purchase into account when sourcing tickets. Although buying tickets for a long-term event might save you money in the short term, you run the risk of losing money if market conditions shift. On the flip side, purchasing tickets closer to the event’s date could be riskier, but it could also result in cheaper tickets, assuming they are still available.
Making educated judgments and increasing your chances of successful secondary market flips requires knowledge of the primary market, the kinds of tickets available, and the events you’re seeking.