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Did you sell any concert or event tickets on an online resale site such as StubHub or Ticketmaster in 2023? Many Americans did -- StubHub reports that 83% of ticket sellers for U.S. concerts on ...
When a ticket reseller buys concert tickets at a lower price and sells them for a bit more, they make a profit. Here's how to sell concert tickets to make an extra buck on the side.
If resellers buy the tickets and the tickets are not sold out, they risk a loss. [15] There may be individuals who wish to attend a popular event (and decide to sell their tickets later) and those that buy tickets in large quantities in order to resell their tickets for a profit. Some countries have restricted the unauthorized resale of tickets.
BBB and the National Association of Ticket Brokers (NATB) are working to raise awareness and educate fans about the smartest ways to buy tickets on the secondary resale market.
Later, these tickets are often resold on third-party sites for profit at a markup over face value, or at a loss. This activity is also referred to as ticket scalping. The BOTS Act outlawed the resale of tickets purchased using bot technology and set a fine of $16,000 for violations of the act, which is enforced by the U.S. Federal Trade Commission.
The cheapest pair of tickets we found across multiple resale platforms was a set of seats listed on VividSeats for $2,190 each in Section 605 for the Saturday, Nov. 2, show.
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