My Life as a Ticket Broker (by Darnell White)

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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, especially when taking out their girlfriend. 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.

Want to sell tickets? Read this first.

A ticket broker makes money by the buying and re-selling of tickets for concerts and other events. The ticket brokerage business is based on the concept of supply and demand. The supply of event tickets is significantly small due to the fact that events and shows play only on several dates and the seats on the venues are limited as well. By buying tickets in bulk, the ticket broker can have significant control over the supply of tickets and as a result, ticket brokers can charge ten times the value of the ticket or more. Since the tickets have already been purchased by ticket brokers, people that really want to watch the show will have to buy the marked up tickets from ticket brokers that re-sell them.

You do not need any special training or particular education to become a ticket broker, unlike those who want to sell clothing or shoes. In fact, I operated a Tow Truck before getting started. To be effective in this business, you need to establish a wide network of contacts in order to be able to buy tickets at bulk prices. There are some areas or regions of certain countries where the trade of tickets is regulated. For these areas or regions, a license may be required to become a qualified ticket broker.

Since experience is the best teacher, you may want to work in a ticket brokerage company first to learn about the details and essential points of the industry. After gaining the experience, you can put up your own ticket brokerage firm. Your knowledge about the industry and your relationship with the people working on the venues of shows are critical to the success of your own ticket brokerage firm. In time, your small ticket brokerage firm will grow and you may need to hire assistants to help you in the buying and re-selling of tickets. As you gain some substantial reputation as a reliable re-seller of tickets, your customer base will eventually grow. Later on, you can expand the range or kind of events that you may wish to cover in your growing ticket brokerage business.

To become successful in the business of ticket brokerage, joining a professional organization of ticket brokers would be very helpful. Membership in these organizations is not a requirement to be able to operate your own ticket brokerage firm. However, these organizations will be very helpful in providing connections to a wide range of prospective clients. Some ticket buyers might want to check the websites of these professional organizations to check if you are on the list of recognized ticket brokers of that organization. These organizations can also offer access to important conferences, trade journals, and business connections that a ticket broker may find very useful for his or her ticket brokerage business. As the quote goes, you never know until you try!

Post written by Ray James, inventor of www.amazon.com/Water-Facial-Toner-Poppy-Austin%C2%AE/dp/B00GWF4AS0.