Ticket-selling platforms allow you to resell concert tickets when you cannot attend the event. Reselling can often enable sellers to make a profit on each ticket sold, making it a lucrative option for some investors. The resale value depends on your ticket’s demand, exclusivity, artist’s popularity, and other factors. Here is what makes a concert ticket worth reselling:
Recoup Ticket Fees
You can resell concert tickets to recoup the purchase price or earn a profit from the trade. Popular artists and globally recognized bands usually command higher ticket resale prices because their concerts often sell out. When fans cannot find tickets on the official site, resale websites usually support last-minute purchases. Ticket scarcity naturally leads to higher ticket prices, especially for coveted concerts with A-list performers.
Leading resale platforms list your tickets on multiple websites in their network. When the ticket is sold on one platform, the other listings are removed to avoid double purchases. These platforms also allow you to customize the price you set for each ticket, making it easy to recover the purchase price. Monitoring the official concert site and resale platforms can help you determine the ideal time to make a profit.
Secure Preferred Seating
Some venues are small and have limited seating, creating scarcity and higher ticket prices. If you have a ticket to a sold-out venue with limited seating, reselling the ticket can fetch good returns. Premium front row and VIP seats are also more desirable and can often be sold at a higher price. If your current ticket does not enable you to sit in your desired location, reselling your ticket at a profit may help fund a ticket with improved seating.
Leverage Higher Resale Opportunities
Due to an under-estimated demand, concert tickets may be underpriced when they first go on sale. This usually occurs for first-time performances and unknown artists. Some concerts are also announced months before the event, and interest may not increase until the performance date nears. Limited tours and rare appearances also create a high demand for tickets. Purchase more during the initial sale and resell them later for increased profits. Buying tickets early at a lower price enables you to resell for higher profits when demand suddenly rises.
Listing your tickets after the official concert site sells out lets you take advantage of the unmet demand and sell them for more than their purchase price. Reserve some tickets for last-minute resales and list them for even more to capture buyers seeking last-minute arrangements. Reputable listing platforms with broad networks and thousands of potential buyers help make sure each ticket is sold before the concert date. Their seamless ticket-transfer process allows quick sales, so your customers do not have to wait.
Resell Concert Tickets Today
Reselling concert tickets online is easy. User-friendly platforms guide you through the listing process, indicating what ticket information needs to be included before automatically posting your tickets on thousands of sites. Integrated pricing tools compare historical data and current trends to recommend the right price. Sell your concert tickets with an online resale platform today.
