Becoming a ticket broker is as lucrative as being any type of broker for two good reasons:
The Market and Income it offers.
Some successful ticket brokers who do 10 hours of work per week can take over thousands of dollars of profits in a month, much more than you’d make doing a conventional job as a landscaper or any other construction-related job. The convenience of creating and actualizing the economy of the ticket industry is what makes ticket brokers successful. This is why being a ticket broker is awesome. It is a convenient job that offers a big pay.
Apart from the pay, one can say that being a ticket broker is awesome because of the kind of convenience the job offers. By being a ticket broker, you have total control of your time. In fact, many ticket brokers can make a full-time income by just working at least ten hours a week. The job itself does not require you strenuous physical work since the transactions can be mostly done from anywhere what has internet. A ticket broker who understands the business can earn thousands of dollars not just in a week but in a single transaction. Unlike any other businesses, the entire process of outsourcing and operating your product or ticket is hands-free.
One major reason for the growth of the ticket brokerage industry over the past years is the fact that people are willing to spend lots money to see their favorite artists or sport teams to perform. Thus, if you are a broker and you know what people want, the chances of you succeeding is relatively high. The success for tickets will never fade as long as there are people who are willing to “buy.” According to Forrester Research, an independent technology and market research in the US, 3 out of 5 ticket buyers paid a higher price by purchasing tickets from ticket brokers. In the 2012 SuperBowl, an average ticket broker sold tickets at $3,500 compared to its original $700-$900 normal market value.
The key factor that makes a ticket broker successful is by knowing the market better than primary market like TicketMaster. Primary ticket sellers sell their tickets cheaper to sell-out an event. However, like any types of business, it can also be risky. It is your capital that is in line. In ticket brokerage, your aim is to sell more than the actual value of the ticket. Keeping this in mind, it is essential to make an accurate prediction about the market. Know what to sell and where to sell them. As a ticket broker, your world revolves in the laws of supply and demand. Ticket brokerage is easy if you have a deep understanding of the simple laws of Economics.
If you are thinking about the ethics of secondary ticket selling, the issue about it has slowly subsided over the past years. In fact, anti-scalping laws in over 40 states in the US like California and New York have relaxed their laws against secondary ticket selling. These states have started issuing a free market for the ticket brokerage industry. The market has been more accepting to ticket brokers than it was decades ago.
Post written by James Hargrove, chief writer at UK Landlord Insurance.com.