Online ticket brokering market places provide a service for fans wishing to buy and sell hard-to-find event tickets. Secondary ticket holders may resell their tickets to a wide fan base at premium prices. This article give you some tips and tricks to sell tickets online on any marketplace.
Online ticket brokering market places provide a service for fans wishing to buy and sell hard-to-find event tickets. Secondary ticket holders may resell their tickets to a wide fan base at premium prices. Buying and reselling tickets within the online ticketing market place has many distinct advantages.
Online ticketing market places have all of the benefits of the free market experience. Ebay is an excellent example of the free market platform where millions of buyers and sellers advertise the same products at different prices,
thus increasing competition and driving market prices down. This is good news for ticket buyers. With The Online Ticket Exchange ticket sellers have the flexibility and advantage of changing the price of their ticket listing so that the ticket price reflects the current supply and demand of the ticket in their possession.
How does ticket reselling and buying work?
It’s very simple.
Marketing Sources
Email Marketing
News letters via email are some of the most effective ways to keep customers up to date with new events and the release of hard-to-find tickets into the market place. Email marketing enables fans to buy and sell tickets at fair market prices to a vast selection of sporting, concert, theatre and other live entertainment events including those that are “sold out”.
Search Marketing
Search engine marketing using Google, Yahoo and MSN are among the most popular search marketing media. Online ticketing brokers advertise on major search engines, thus increasing the visibility of the site. Sellers who have bought tickets from the official seller and then realize that they do not want or need them may resell the tickets on the ticket brokering site and earn a profit.
Text Message Marketing
Some popular ticket agents such as TheOnlineTicketExchange provide a text alert service. This allows the seller to be alerted when an event has become “sold-out” and their ticket has increased in value. To find out more Read This.
Why sell your tickets at an online market place?
Online market places are secure and hassle free options to standing in front of the gates to an event waving tickets in front of fans. Instead you are able to sell your tickets 24 hours a day, seven days a week from the comfort of your own home. Many online marketplaces even reward their customers with credit for future purchases. Being a seller on any online market place has the following benefits:
Trends
Companies are collaborating with each other in order to create a better ticket reselling environment and have digitized the process, making buying and selling tickets 100% secure. Cutting edge security systems have encouraged ticket brokers to buy hard-to- find tickets from primary sources and to resell them with large profit margins.
"Fans have embraced ticket resale, and the combination of TicketMaster and TicketsNow will allow us to provide a safer, more reliable and efficient resale experience," said TicketMaster president and CEO Sean Moriarty, in a statement. "We are confident that combining TicketsNow's strong resale network with our audience and distribution capabilities will enable us to set a new standard in the resale category." Read Full
"We believe that the best we can do for our consumers, clients and the UK live entertainment ticketing industry is to actively engage the exchange and resale sector of the market. We look forward to working with GET ME IN! to provide consumers with the highest levels of choice, protection and service and to keep the value of a ticket as much as possible where it belongs, within the live entertainment industry," said Chris Edmonds, Managing Director of Ticketmaster UK. Read Full
Buying a product to sell is not a new concept, and is indeed the basis for many commercial businesses world wide. This strategy is a risk-free stepping stone to building and expanding your online ticket brokering business.
Mobility Devices: Effect on Marketplace
The internet has brought dramatic changes to the way companies communicate and people conduct their business relationships. One of the hottest marketing trends for businesses across all industries is fuelled by the advantage of the mobility the internet offers. The internet allows one access vital information one needs to run one’s business successfully and is available 24/7, thus increasing the time one may invest in building a fruitful business with high yields in capital.
Tips to Earn Great Profit
· How to pick up tickets at face value and then resell them for massive profits
· How to increase visibility and rankings on search engines as possible
· Learn how to advertise your tickets for you for FREE.
Grab the best:
Choosing the right event at the right time is the most important aspect of online ticketing brokering. First, buy tickets at face value from the primary seller. Then list the ticket at a premium price or at least above the face value. Sometime this tactic is risky because some events are advertised as “sold-out” when they are not. You can decrease the risk by signing up to RSS feeds that will keep you updated to the minute with changes in ticket prices.
Choose the right marketplace
The second most important action to take is to choose the best place to sell your tickets. If you are in possession of tickets with good seating but you list them at the wrong place at the wrong time you are compromising your profit levels. Make sure the online ticketing market place you choose is advertising on search engines so that the chances of reaching potential buyers are increased.
Before you list your ticket with any online market place, spend time researching other similar event tickets on the internet to gauge the interest in the event you hold a ticket for. This will help you determine the value of your tickets.
Keep an eye on your listing
Once you have listed your tickets it is imperative that you keep an eye on your listing so that it remains competitive and thus has a greater chance of selling. The market value of your ticket may increase or decrease. Some online market places such as TheOnlineTicketExchange do keep sellers up-to-date with market prices for their listing.
Popular Ticketing Marketplaces
Below is a list of the most popular online ticketing market places and statements from their websites:
Seatwave
“Seatwave is an online marketplace where fans can buy and sell tickets for concerts, theatre, sport, attractions, special events and just about any other kind of live event”
Getmein
“GET ME IN! is the leading open marketplace dedicated to tickets in the UK and Europe. Fans can buy and sell live entertainment tickets for sport, music, theatre and other live events - at open market prices - in a safe and trusted environment on GETMEIN.com. GET ME IN! guaranteed every transaction by vetting sellers, managing shipment of tickets, and withholding payment to sellers until a buyer has safely received tickets. GET ME IN! was founded in 2003 and has served over 50,000 customers since launch. Visit http://www.GETMEIN.com for more information”
Costcosta
“Coast To Coast Tickets is a privately owned ticket agency. As a ticket marketplace for all sports and entertainment events, we buy and sell tickets on the secondary market at above face value. Prices quoted on this site are often substantially higher than the price printed on the ticket as they reflect our cost of obtaining premium seating. Inventory” Read More
TheOnlineTicketExchange
“ The Online Ticket Exchange is the place for buying and selling hard-to-get tickets. We give fans the chance to get their hands on and sell the most sought after tickets at fair market prices. We are a safe and easy-to-use online marketplace for fans and enthusiasts to buy or sell tickets for events all over the world. We sell concert tickets, theatre tickets, sports tickets, festivals tickets, championship tickets, worldcup tickets and sold out event tickets with UK and worlwide”
StubHub
"As the leader in the secondary ticket market, StubHub's sales data is an excellent barometer of the secondary demand for the most popular touring acts. We feel it's valuable to provide insight into the increasing popularity among fans who utilize StubHub and other secondary resources to buy concert tickets," said Chuck LaVallee, Head of Music Business Development for StubHub. "We hope the information provided in the report can be useful to those who follow the business of the music industry" Read More
ticketmaster
“Ticketmaster is the world's leading ticketing company, operating in 20 global markets, providing ticket sales, ticket resale services, marketing and distribution through http://www.ticketmaster.com, one of the largest e-commerce sites on the Internet, and international Web sites including Ticketmaster.co.uk”
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