HOW MUCH I MADE RESELLING $209,953 OF TICKETS IN 2021 | LIFE OF A PART TIME TICKET BROKER
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- Опубликовано: 1 июн 2024
- Join Ticket Cowboys to buy events alongside with me - www.ticketcowboys.io/
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Curious about how much a ticket broker can actually make? Well, I break out my entire 2021 year to the world for you to see! With a breakdown of each month, you can see how things can change on a dime when you spot an opportunity.
I also provide a bonus break down of my single most and least profitable events for the year at the very end!
Toronto Blue Jays Home Opener Vlog 2021: • VLOG - JAYS HOME OPENE...
Losing Over $1,600 In Vegas: • HOW I LOST OVER $1,600...
Interested in joining my ticket discord group? Fire me a message on IG or Twitter @thumbsuprun to discuss or join here directly: www.ticketcowboys.io/
00:00 // Introduction
1:46 // Jan - Mar Ticket Sales
4:54 // Apr - Jun Ticket Sales
8:57 // Jul - Sep Ticket Sales
11:35 // Oct - Dec Ticket Sales
17:53 // Year End Summary
19:34 // Best & Worst Individual Sales Of The Year
20:37 // Biggest Surprise Of The Year
Looking to buy tickets?
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Great recap of the year thanks for taking the time
❤️
I appreciate that this guy answers everybody's questions. It must take some time and all that.
It’s the least I can do since I’ve been slacking on video output 😅 I got a few in the works though!
I think I will join your discord great stuff!
Woohoo! I’ll let you know once it’s live in the description - just running into an issue on my end getting it working 🙃
@@thumbsuprun awesome thanks!
Just posted the invite link in the description, lmk if there’s any issues!
Are you gonna make another one for 2022? Also when will discord membership be available again?
kind of bummed.....started reselling but it looks like my first batch of eight tix will go for a loss, even though they were very good seats. i am counting on my adele tix to cover my losses. i have been emailing ticketmaster and they said once the show is back on, i can exchange for better seats. have you ever done this? i don't want to ask them "can i still resell them". do you know if i will still be able to resell tix if i exchange them for better seats? thank you so much.
Can’t win them all unfortunately 😭 for upgrading tickets, you need to find seats you want to exchange into, contact Ticketmaster, and then they’ll approve the transaction. Normally there are requirements around doing so though (new tickets need to be at or above the current cost you paid, tickets need to be available, and they need to get approved before finalizing)
LMFAOOO i somehow got into the rabbit hole of ticket scalping and eventually came across your Business Insider interview and everyone flaming you on Reddit for it, but bro they can say what they want ur a hustling GENIUS 🔥i respect ur grind
Do you have a video showing how to get started? I’ve been thinking about buying and selling tickets and I’ve been watching some of your videos but I didn’t know if you had a basic beginner tutorial?
do u recommend buying baseball season tickets for reselling?
I was wondering if it’s possible to transfer axs tickets to ticketmaster, i found tickets on axs for a concert but I don’t know if it is possible to transfer them on to ticketmaster. Also i’m scared i’ll get scammed so in case i don’t receive them by the given date can I get my money back?
You are what is so horrible about buying tickets to events and concerts today. Absolutely stop. Scalpers are really bad people.
Snooze u lose lil bro. It’s a dog eat dog world and if he doesn’t profit off the tickets someone else will.
Do you have any advice on getting vip packages for a big tour?
i had xlnt seats for adele to sell but she cancelled her residency in vegas. any thoughts on if she will reschedule and i will get the same xlnt seats again or will i just need to get refunded? w 4 tix, i estimate an opportunity loss of at least $10k.
The event is currently postponed and not cancelled, so if you haven’t sold the tickets yet I would likely hold onto them and wait for the new rescheduled dates. I have a strong feeling this residency will still take place, albeit further in the future
@@thumbsuprun thanks for the positivity.
Hi, I have a question. I bought two tickets for a concert through another person's account and that person transferred my tickets to me. I already have my tickets in my account, but I want to sell them because I will not be able to attend, but I do not have the option to sell the tickets, how can I do it? I only get the option to transfer the tickets. the concert is in December and I can't request a refund due to ticketmaster's policies, what can I do?
So the simple solution would be to sell your tickets on a different platform (example such as Stubhub) and list them as mobile transfer tickets. When they finally sell, you will simply need to initiate a ticket transfer to the buyers email address to complete the sale
Would it be okay to buy Verified Resell tickets from ticket master?? Because I want to go to the Twice concert and their first day sold out and they have another date but I don’t know if I’ll be able to get them because they sell out fast!!
Yes! Verified resale tickets on Ticketmaster are all 100% backed by Ticketmaster since they are the official box office of the event. That means your tickets will be given new barcodes when you purchase them so only you can use that ticket. I would recommend trying to buy tickets for day 2 first but otherwise go ahead and purchase resale tickets directly off Ticketmaster
@@thumbsuprun thank you so much for the advise. This is my first concert and I have been clueless but I have watched alot of your videos and hopefully I get the tickets
Shouldn’t be an issue at all in the end. Hope you enjoy your concert!
I bought verified resale tickets on Ticketmaster, I’ve received the code/moved it to my wallet. But I found better seats for the same price & I want to purchase them. The transfer and sell options seem to be available but I’ve heard that you can’t sell resale tickets ?Any advice? My concern is that I bought them last minute, the concert is literally March 13th
You are able to resell tickets that you purchased from resale marketplaces absolutely! Go ahead and get them listed and sold 😊
Hi I am new in the game would like your advice on what to buy and what not to? I have tried justin bieber in Montreal and it was success. Now I want to know how you analyze the events to know if its profitable and if there a way to follow your moves thank you and really appreciate the videos :)
imagine taking gratification from taking advantage of people who just want to go to a concert
do you use catchall's for mass accounts? congrats on the sales!
I don’t use any of that, all manual accounts and my 10 digits 😆. Thanks!
do you use burner phone numbers? if so what website do u use or do you have sim cards?
I know many who do but haven’t looked into those online services personally
When’s the best time to buy Super Bowl tickets to later resell ?
did you apply for worldcup tickets, and if you did
what is your strategy then it seems only guests tickets will be able to move around
I did not apply for World Cup tickets this go around due to how they worded the application process for ticket transfer. I’m also very curious as to how people will be transferring tickets and if it is required for the original ticket holder to attend the event or not
Are there any ticket reselling groups you are in? That may give you calls on events like phoebe, MCR, chappelle? That could be powered through discord maybe if so pls lmk!
I run a discord group with a partner for exactly that so if you’d like more details just dm me on IG or fire me an email!
@@thumbsuprun Shiraz I sent u a dm! Pls respond back and lmk :)
hey man i have a quick question. I contacted the insurance I had on the tickets I bought on ticketmaster and got a full refund deposited into my account. This was about 4 days ago and I still have the tickets in my account available to use. I am thinking about either selling them or transferring them to someone who can use them. The concert is tomorrow and I don’t want to just not use them when I could’ve what should I do?
I also don’t want for the insurance to take the money back since it’s more than I could sell it for right now
I would not recommend doing anything with using the tickets as this would essentially constitute insurance fraud. Just take your refund and call it a day 😊
@@thumbsuprun yea that’s what i ended up doing thanks
I'm obsessed with you. Please come back and make more videos.
just got a notice that lady g will be performing more shows. i signed up for her "newsletter", not sure if that is her "fan club". they have presales for fan club members starting soon. do you know if there is a presale code or something i need to do? thank you so much.
You’ve done all you need to do - tomorrow you’ll get an email with the specific presale code to access the presale. Looks like it’s at 1pm EST so just be in the queue before then 😁
@@thumbsuprun would you be looking to get the most expensive vip front row seats, or would that be too expensive and a gamble, and rather just get front 10-20 rows or so?
Depends what your best case experience you’re looking for is. Front row VIP seats will cost 1k+ easily each so are you just trying to get to see her close? Or do you want to be close enough to see her sweat? LOL. Price range for the event is $83-$556+ so at 556 you can potentially find floor orchestra seating, or for a VIP experience the price would likely double up. Just take a bit of time to determine your budget and experience you want to create and that’ll help guide you towards the right seats to aim for
@@thumbsuprun yes, i want the best seats in the house. neat....how did you find out the price range? thanks again soooooo much. good luck to you!
I have access to a Ticketmaster API so it pops it out for me. There used to be an easier way of doing it but Ticketmaster shut it down a few months back unfortunately. Good luck to you as well!!
So this is why it's so hard to buy tickets at market price, and why prices are outrageous... STOP DRIVING THE PIRCE UP! 😭😭😭
Totally agree. Congratulations on your profitable business screwing people over. Nice job.
I know right I hate this predatory crap it makes going to shows so much more expensive than it needs to be!
then buy the seats before he does.....silly complaint
hey! I know it has nothing to do with the video, but if I register for the verified fan presale and I am selected, will they have to send me a code to join the queue before the the presale starts?
Hello! Yes, if you are selected for a verified fan presale, you will receive your code usually the night before the presale begins. Should receive it via text message to the phone number you used to register for the verified fan presale
With the raptors, don’t they charge a commercial fee( 30 percent or so) if season ticket holders resell tickets ?
They do indeed. If you get identified as a commercial reseller then you’re stuck facing this premium. Ideally you won’t get classified but they have gotten very good with tracking resale marketplaces to see who is using and who is selling tickets
Do you have to pay taxes on the gains?
Do you know of any websites I can find second hand market price history of certain games for say the NFL?
Could look at something like seatdata.io
Are buying comedy tickets just as profitable as concert tickets? I saw Dave chapel pre sale tickets but I decided not to go for it
They can be but each event is unique as they are all priced differently and demand changes each time as well. Just because someone is popular doesn’t mean they will be profitable and vice versa
Hi Again! I'm trying to resell tix on ticketmaster and have been waiting for the resell time frame, anyhow it just opened up but its saying my tix are not eligible for resale and I have quite a few tix I'm not sure how to approach this..
Any tips? And how can I avoid this in the future? Thanks in advance!
Check if there are any restrictions on the tickets during the purchase process - sometimes they may say tickets are non transferable or they may say there is a delivery delay. Depending on your section some tickets may not be eligible for resale either. Are they able to be transferred out? If yes, you can look to do so on a different platform such as Stubhub or tickpick
@@thumbsuprun if stubhub doesnt sell the tix, what should my next step be? like just get a refund and call it a day on the reselling gig?
Hey! How can you know if tickets will be available for resale on ticketmaster? I have bought tickets before that resale was not an option. how you do to sale this tickets??
Generally it’ll open up by around the general sale date. However, some events never turn on Ticketmaster Resale so you’ll be forced to sell them on a different platform like a Stubhub or tickpick
Hello. I'm wondering if there is a service that for a charge of fee will manage the selling of my season tickets for the season?
There are a few sites and consignment shops who will manage it for you that I’ve seen online, but I cannot vouch for any of them as I haven’t used any personally. Also, I am unsure on the rates they would charge and if they take any liability in case by them selling tickets and they get cancelled by the team for whatever reason.
If you want to discuss more can dm me on IG @thumbsuprun and we can try to find an option that works for you!
Where can I buy World Cup Qatar tickets ?
Hello @thumbsuprun Can anyone help me. I bought tickets for the silk sonic concert in Vegas on March 23. I cannot attend anymore. I don't know anything about selling tickets.
They were due to come in mail. But I though that I could sell them if I switched to mobile. But apparently a can't sell them or transfer them. The buttons are grayed out. I called them and they basically say I'm screwed and because there is a delivery delay that won't be lifted until the 20th. And that she doesn't know if they will be transferabke.And that I can either print them or use the mobile ticket. But I won't even be in Vegas anymore. Can anybody tell me what I can do now that the tickets cannot be mailed. I will be out $1000...I'm scared to list them on StubHub if I can't resell them. Won't I get a penalty if I can't transfer?
How early, before the date of the actual event, do you buy the tickets??
Normally during the initial presales and general sales for events, so that can be anywhere from a couple of weeks to potentially over a year out!
Where do you buy your tickets from? Directly from the team?
Very much so. Sometimes I’ll buy resale tickets myself as well to flip
Where do you buy your tickets?
Hey idk if you’re still replying but I have a really big problem. I bought taylor swift tickets on a whim but no one wanted to go with me so I sold them on stubhubg because I saw other people selling. I thought it was a simple deal and didnt know I was only getting paid in june. I tried to tell them I was a minor (which i am) ans have no job but the only thing they responded with was that I still have to pay cancellation fee. This is extremely difficult for me because of the new tax thing. I dont know how to file taxes and my last resort would be telling my dad because I know he would be extremely upset. If worse comes to worse I would just not be getting any money because I am scared to get the money and screw up my taxes with the 1099k. I have no idea who to ask for help is there any advice you can give me?
i sold each ticket for 1k and i paid 200 org for each. I’ve been feeling really stuck and stressed and honestly feel like stub hub should not be able to get away with no letting me cancel especially when I am a minor but I do understand it was a misreading and impulsive decision on my part.
First off, there’s nothing wrong with having sold the tickets on Stubhub. I would NOT recommend cancelling the order as your penalty will be extremely high and much worse off than had you simply fulfilled the sale.
In your case, if you do have a SSN, by law you would be required to add it in since all sales need to be reported when they are over $600. You may need to have a discussion with your parents to basically own up to the fact you sold the tickets unfortunately.
The tax side of things is not as complicated as you may think it is, and I’m sure your family would be able to help out or they can find an accountant who can do it for you.
Worst case here is getting the order cancelled because then you would owe an extremely large penalty which would be much worse than the alternative of delivering the ticket order and having a small amount of work to do come tax filing season. Let me know if I can help at all further
Great video.....Issue I have is (How do you get around buying more tickets on Ticketmaster when they limit you or when they block you if you have more than 1 account?)
Fire me a message on IG or Twitter @thumbsuprun and we can discuss!
How early do you buy tickets and when do you sell them?
It ranges, as you could purchase and/or sell tickets either 1 day to 1 year in advance depending on when tickets go on sale and what you expect ticket prices to do. I would say in general tickets are resold early on since that is when a lot of buyers are willing to pay top dollar for an event, though there are plenty where prices will rise over time so it’s better to hold on before selling them
Hey I rlly need help, Ticketmaster is almost impossible to get in contact with, do you have a direct number I can call? The customer response time is terrible I’ve been waiting 3 days.
I work for a professional tour and can’t make my event. I bought I diamond vip experience and can’t go. How should I do this your the man pls help
Ahh yikes!! Yeah there’s no direct phone numbers anymore which is really frustrating, so you almost need to rely on the contact us button at the bottom right on the ticket page when you open it from your desktop.
To be able to sell an experience ticket like that, it depends on how the tickets are being delivered to you. Will the ticket be will-call pickup, mobile delivery, hard stock? For will-call, the only way to get those sold easily would be if you are able to change the name on pickup for the tickets (try to contact the venue to see if they are willing to do it instead of trying through TM).
If you want to hit me up on IG @thumbsuprun we can try to see what options exist for you
The link to your discord isn't working, could you possible fix that
Thanks for the heads up! I've updated the link in the description, lmk if it still has issues
could i give/transfer my tickets to someone else, and could they resell them, or does stubhub not allow multiple resales on the same tix? thanks again.
They won’t allow the same ticket to be listed at the same time, but you could in theory sell it multiple times as long as each sale is fulfilled
@@thumbsuprun great. so, it seems like i can "gift them" or simply transfer them w no exchange of money from ticketmaster so that they now have ticketmaster tickets, correct? and then, they can do whatever they want like go to the show or sell them on stubhub and then they will get taxed, not me... is that correct? or do you see any issues in me doing this? thank you!!!!!!
If the IRS/CRA or equivalent were to look into it, you could potentially run into some issues which I would not want to happen to anyone.
@@thumbsuprun did u get lucky w bts tix? i was 2000 plus in queue and all floor tix were sold out so i didn't want to take a chance on other seats.
That’s fair, never anything wrong with passing on something. I was only able to get upper bowl seating, also poor queues 😅
How do you know a ticket isn’t for resale before purchasing it, this is the second time I have bought tickets I have not planned to go to and lost a lot of money. Please let me know
Well if you are limiting yourself to only reselling the ticket through the same platform you purchased it, that can lead to problems. There’s no guaranteed way to know if an event will or won’t enable resale until after the general sale takes place usually. As long as the tickets are transferable though, you can always look to list tickets on a different platform such as Stubhub or tickpick as an example
Make more ticket videos we miss u
Can you make a video regarding the taxes? Also do you avoid buying/reselling tickets in any states? This is my first year of ticket reselling and I have tax concerns. Thank you Thumbsuprun!
I have not done taxes for selling tickets, but I imagine it's just like any other home business. You can write off a lot of your office costs and home expenses on the Schedule C. You will pay taxes on the net profit or not pay taxes if it is a net loss.
Hi, I did resale the tickets at the Ticketmaster about 10 days ago but never received money yet. Ticketmaster said I have to verify my account so I tried, but website did not allow me to verifying the account. Also adding debit card is not working. Could you help me with the get money back from Ticketmaster.
To verify the bank account, did you receive two small deposits from Ticketmaster 3-5 days after entering your bank account info? It should be two deposits that came from Ticketmaster into your bank, generally between 0.01 and $1. Those are the amounts to use to verify yourself. If you are having an issue then I would recommend deleting your bank account info and typing it in again and waiting for the deposits to arrive
What’s the best events to sell
wow 200k in 2021. 2022 and 2023 are gonna be great for you
🤞🏽🤞🏽 one can hope 😁
Did you take a loss on all the tickets you weren't able to sell throughout the year? Amazing video btw, I would have never thought this market would be this profitable. Hard work pays off!
Yep, there’s always a few things I’ll buy during the year that just end up being duds that I’ll take a full loss on, just part of the game though. It certainly can be quite lucrative even with only a few big events a year!
@thumbsuprun how much time out of your day does it take to manage this business?
i just got 1500 dollars what concert is there to buy tickets . just got this idea, new to this.
Join my discord and you can learn all about what is good to buy these days 😁
Do you have are Toronto tickets?
Do you still sell tickets?
Hello, after extensive research, I had to finally reach out to you, I have a problem, I have tickets from T Master, they are “mobile tickets” format. I didn’t realise while buying them that I can’t print them or pdf them (or can I?) anyways, I have sold two, but the website I used to sell them, requires a pdf, as they wont release the buyers details. Can you help? Great content btw.
Mobile tickets essentially require you to transfer them via Ticketmaster directly to the end users email address. If the marketplace requires PDF tickets, your only workaround would be to screenshot your seats but even then you have two risks. First being the barcodes are rotating so screenshots are not eligible, or the buyer complains that they are receiving an incorrect format. You should reach out to the ticket exchange support centre and ask if they can update the delivery method to mobile transfer. With that, you’ll be able to fulfill and complete the sale
nice bro, glad youre doing well, keep it up
💯
Hey man I need help, I’ve been trying to contact Ticketmaster through email and live chat but no responses to this day, I listed my tickets and it showed me that the listing was live but using other phones with different accounts my tickets never went live for sale, so I removed the listing to relist and now the tickets r stuck on listing will be removed soon, I don’t know what to do
Ahh yikes! Have you tried to transfer them to a family/friend Ticketmaster account? I’d attempt that first and then get them to transfer the tickets back to you. Then go ahead and try to list them again. Sometimes it can be a bit finicky so see if that helps. Otherwise, I don’t have a great way of communicating with Ticketmaster other than suggesting to reach out via Twitter @TMFanSupport
@@thumbsuprun yes I want to do that but problem is the tickets have been stuck in the “listing will be removed soon” stage for weeks and I cannot do anything with the tickets. I can’t transfer them or list them again. Any tips for this situation?
Hmm. Have you tried to access your account from a different device/network and then tried to either list/delist/adjust your ticket price or is it still all locked down? I think you may need to keep spamming Ticketmaster support until they finally email you and respond otherwise. Not sure how to clear the error without being able to jump in and try to play around with it unfortunately
@@thumbsuprun ya I tried with 3 different devices but same thing. Imma spam them now
Wow you had an awesome year for sure I think the move to GTA really helps. Here is the states many guys really struggled this past year. Summer concerts were just ok the best show of the summer was the dead and company in Saratoga. Baseball in Buffalo was very good also for the yankee series.The Bills opener was a monster then with 4 home games after December 5 many guys lost money on the season and yes there is the Sabres.College football was even down compared to previous years. Big time golf events turned out pretty good but overall the move to mobile tickets has really affected guys bottom line. Long gone are the days of the 70s and 80s before stubhub and craigslist to bring out a nice day without much of an effort. The game has changed and it is never going back but with some street sense a guy can still scratch out a payday every now and then.
It worked out a lot better than I had ever anticipated, super grateful. GTA has been treating me nicely so far, though we just got hit with so many cancelled and non-ticketed games now so the next couple of months are going to be rough.
I would love to learn the golf circuit a little more, it sounds like a great time tbh. Mobile ticketing has been rough across the board on everything, definitely hurts the ability to flip tickets fast. And fees are a killer on online resale, if there was a good alternative away from it I’d be all over it too.
Dead and Co is one I try to follow every year but there’s definitely nuances that I don’t keep up with, sounds like you know your markets well!
So do you typically get your sports tickets from season tickets? How do you suggest someone get into the ticket reselling scene?
That is the majority of how I obtain mine, though there are lots of opportunities out in the public space with various presales for discounts or early access. For someone looking to enter the reselling scene, I’d say start with your local team and track their prices (face values and resale), and see where opportunities may exist. Local is always best because you should be able to have a much better handle of it over someone out of state
@@thumbsuprun thanks for the help!
@@thumbsuprun just wanted to reach out and say thank you for answering these questions. Just finished first season of selling season tickets and made good profit margins. Can’t wait to improve my process next season. Love the content and thanks again!
How do you buy tickets in bulk if there are caps on the sales
You can’t buy in bulk as like you said, there are limits in place per account. With that said, if you are able to work with several people at one time to all purchase tickets for the same shows at the same time, then you have a way of adding several tickets at once to an event
I bought f1 tickets off ticket master they say will call on the tickets. Can I sell the tickets? How?
When you purchase them, was will-call the only delivery method? Double check the tickets in your account and see if there is an option to change the delivery method to mobile or hard stock, or see if they are able to be transferred out. If the answer to the above is no, then you would only be able to sell the tickets if you can list on an exchange that allows for a will-call or local delivery. You can also contact the venue to see if they will allow you to change the name on the order for pickup. If yes, then you could find a buyer privately or use an exchange that allows will-call delivery (such as TickPick) and then list the tickets that way, and update the name for pickup once you have a buyer
Thank you I’ll give that a try
@@thumbsuprun if I have to contact the venue who would that be for a f1 race in Miami?
Check the actual venue location of where your tickets are to be able to enter the venue. My first thought would be Hard Rock Stadium, otherwise reach out to Ticketmaster to confirm the specific venue info/phone number
I have noticed that a lot of teams require you to attend a certain number of games or you could lose the season tickets. They mention that you will lose your season tickets if they figure out your a ticket broker. How do you get around these issues? Also, if you are from a different part of the country, it sounds like teams will consider you a ticket broker and may cancel your tickets. Have you ever had these issues and how did you address them?
Many teams have regional restrictions to prevent those attempting to resell tickets. As a result, your best measure is to be able to use a local address if available to you. There are other means of doing this as well but just requires a little bit of research 👀 as for having tickets and then potentially being identified as a broker, you should maintain a strong relationship with your account manager and do not sell your tickets through the official resale marketplace of the team to prevent yourself from being tracked
@@thumbsuprun Any tips for reaching out to potential season ticket contacts? Do you use both their address and name? I've found its hard to convince locals to give both
There are plenty of Facebook groups of fans and season seat holders who are always looking for help to move/sell tickets so I would likely start there and see if you can get in contact with anyone that way. If nothing else you’d need their address at the very least. Otherwise, it may just require you to try and call the team directly and see if they would be willing to work with you even if you’re out of state
How many members are in your discord group?
We’re at 50 right now and growing!
Do you have a link for the discord
Shall post it in the description hopefully by tomorrow, just running into an issue with it right now - will reply when it’s live!
Just posted the invite link in the description, lmk if there’s any issues!
How would someone with no knowledge about tickets at all get into trying to become a broker or at least make some extra money?
Hi, great content. I bought two tickets for ODESZA but reselling button is still gray and it is saying they are Safetix. Do you maybe know if I will be able to sell them ?
Depends if the event turns on resale through Ticketmaster. If it does not, then you’ll be able to resell them on another resale site such as Stubhub if the transfer function is available or will be made available. Assuming yes, you can list them as mobile transfer tickets
@@thumbsuprun Do you maybe know how to check if they will turn on resale ?
Normally it’s something that is done relatively soon after the tickets go on general sale. You can always contact Ticketmaster but they will come back with a generic response saying ticket resale is determined by the artist or promoter and varies from each event. Normally if resale isn’t turned on within 2 weeks of general sale, then it’s normally unlikely they will activate it
Cool video! Can you explain why the number of tickets bought one month greatly exceeds the number of tickets sold the next month? For example, in November you say you bought 2200 tickets, but in December you only sold 538 tickets. Is this because a lot of the tickets you bought in November were for several months out or are there a lot of tickets you bought that you were unable to sell? How often do you run into the latter situation? Thanks again for the video!
Exactly! Some months I’ll purchase concert tickets for events that are 6-9 months in advance, but they won’t sell immediately the next month - they’ll basically be sitting in inventory until they do sell. This both increases my overall inventory count but also hurts my cash flow. If you keep buying more than you’re selling month after month, eventually you’ll run out of cash 😂 which can and has happened to me before. Whoops…
Hey how do you find the best location for buying tickets for a certain artist? I was just wondering because I bought tyler the creator tickets but the venue isn't sold out yet while other locations have sold out and I was wondering if there is a way to know what cities are better to buy tickets for.
Good question! It depends both on the artist themselves and the cities they are performing in. Using data from Spotify listens for different cities, along with population and where the artist is originally from all tie into that decision. The venue they are performing in and seating capacity size and ticket price are also factors I take into consideration when deciding on which locations I want to purchase in. In general you could say LA, NY, Chicago all will do well, but it’s not the whole story. The more data you have and can parse, the better
i am very new to this so thanks so much for answering my questions. so if the adele concerts get rescheduled, i assume i will get the same seats. but what about the people who may have better/closer seats than i and they decided to get a refund. do those seats become available for ticketmaster to sell or could i get lucky and my seats will be moved closer. thanks.... still waiting to get the lg presale code. did u get yours yet?
For postponed events, you’re correct that there will be some ticket holders who will request a refund and those seats will come available. However, they may release them as verified fan tickets to allow new ticket buyers to purchase them (though no guarantee). Should new seats come up though, you would certainly be able to try and upgrade your seats to move closer. Otherwise the original seats you held will still remain valid for the new show date in the exact same spot
@@thumbsuprun oh i didn't know you can upgrade. that would be awesome. did u get your lady g presale code yet. i am still waiting and it is getting too close to presale time.
It’s a bit of a pain to do, you’ll need to contact Ticketmaster in advance and say there are seats in the same or higher price point available and they will need to approve your request before it can be finalized.
No codes out as of yet, I wouldn’t expect it until closer to 12 PM est
@@thumbsuprun great advice!!!!! you are awesome! just wondering, are you going to try for the iheart country coming up in an hour or so? not sure if that will be profitable. i think i may only go in if i can get front 3 center rows or so.
Wasn’t on my radar unfortunately, I miss this event basically every year haha
again thanks so much for your advice. just another huge question please. is there any any any way in the world i can sell some adele or bts tix without going through a stubhub where i will end up paying tons of fees but worse, i will get a 1099k and have to pay a ton of taxes on them? there's got to be some other way, and I am even willing to sell them way below whatever the resale market is just to avoid uncle sam. thanks so much!
A great question, though one i unfortunately can’t answer. Technically all sales need to be taxed by the govt so suggesting anything else would be the equivalent of tax avoidance 😅 and then if you sell a ticket well below market value then you may actually be losing out more by trying to avoid the tax vs just selling at market and paying tax on it in the first place
Outstanding job! Great business and your channel is well done
❤️
Even with Covid you still made that kind of money? WOW!!
2021 demand was insane with the restrictions in place, this year is looking good too 😁
Where do you buy your tickets from?
Either from the box office sites or I’ll buy resale tickets myself to try and sell again
Thank you, any chance you could make a video on finding the right tickets to buy? Your videos are very helpful!
I’ll try and get to it down the road!
Is the group still available?
Yes it is! Just message me on IG or Twitter @thumbsuprun and I can get you an updated link
Okay! DMed on IG
Also, I have rams season tickets. What would you recommend for me to do to get the most out of selling them?
Hi, thank you so much for your videos! I’ve learned so much from them! Now, I was hoping you could give me some advice.
Last week I bought four member presale tickets for the BTS concert. However, two of my friends are no longer able to go. I was hoping to resell them. However, on Ticketmaster, the transfer and resell option are both greyed out. What can I do?
Just give it a couple more days and it should open up. I think it’s expected to be active this week so you’ll be able to transfer or sell tickets
@@thumbsuprun thank you so much! I really appreciate that you took time out of your day to respond to my question. You are truly amazing!
Anytime!
I hope I can take off in ticket brokering when I get a little capital to start, I've gone to plenty of events myself and resold a few tickets for things I decided not to attend, I've always seen the potential in actually making a living from it
It’s super interesting to see how people get introduced to the market of it! There’s definitely room to make a living buying and selling tickets, but you’re right in that it takes time and money to be able to grow it out. Definitely keep up the good work with what you’ve been doing though!!
Can you post a new discord link?
Just updated it. Let me know if it works!
How do you deal with the cash flow? I'm new to this business and the biggest hurdle I'm facing is having sufficient cash flow to expand. Buying tickets now, but getting paid months down the line is restricting the type of ventures I can go into. I've looked into business working capital financing, and I've gotten some, but I'm still "cash poor". Any tips to improve cash flow?
I’ve gone through the same cash flow issues you’re correctly facing. There are a few ways around it.
1) get loans to fund your purchases
2) sell more things locally to get cash faster
2) move over to a service that allows you to get paid out on delivery instead of after event.
For #3 you can message me and I’ll give you a few options that exist out there to help with this. IG @thumbsuprun
Do you sale concert tickets?
I do! What event are you looking for?
@thumbsuprun I am looking for box seats for the Stone Soul concert in Concord, CA on May 26th
@@thumbsuprun I am looking to get 10 box seats
would love to join your discord...is it possible to get a link?
Absolutely! Can you fire me a message on IG? Can get you squared away 😁 @thumbsuprun
Bro in pakistan there are many groups who buy tickets and sells them they all work for different clients thry give them orders boys in pakistan buys tickets here and send them to there client only 1 2 % they get on ticket price
Where so you find presale tickets
Just need to find the events on Ticketmaster or wherever they go on sale, and then finding presale codes takes a lot of time and effort and signing up to many many MANY email lists 😂
Hello! Have you tried reselling untransferrable tickets through ticketmaster? If you can't transfer them, how can you give the ticket to the buyer or get them in during the event?
There are a few options out there now, but the most basic one is generally you need to walk in the buyer to the event. I’ve done this on plenty of occasions (including with Pearl Jam most recently) and I literally just have to scan them in. There are new technologies in the works as well to make the process easier but for a smaller reseller this would be the easiest way (if the event is local to you)
@@thumbsuprun great! this is exactly what I was looking for. Do you have experience with the statefarm arena in atlanta?
I also did not know who bad bunny was and was not able to get those tickets in LA just a day ago or so.
My best concert tickets were BTS at SoFi Stadium.
My best sport ticket sales were the NFC championship game Rams vs 49ers.
I'm having trouble selling Miley Cyrus/ Green day Concert tickets floor seats. It starts on 2/12, I will probably lose money on this one.
I am nowhere near your sales, but I have started ticket flipping 5 months ago.
Thanks for your transparency, great video!
Can only imagine the excitement after selling those BTS tickets!
You win some you lose some, as long as overall you’re making money and having fun, all that matters!
@@thumbsuprun Bad Bunny just added another show at SoFi Stadium for October 1st!
Woohoo
Hi there, your videos have been a great help to me! I have a couple questions for you, I’m really thinking about putting my name down for raptors season tickets. I live in Canada but not in Toronto, I am a huge raptors fan and watch a couple games every year. My plan was when I get my season tickets go to the games I want and resell the tickets I don’t. Do you think this can work out for me and how long do you think I’ll be waiting on the list? Is it even worth it?
Great to hear!! Absolutely that sounds like a good plan, just keep in mind prices are quite high face value so the margins keep getting tighter each year. With that said, the wait list is long and you should expect to wait at least 5 years or more before making your way through.
Your better option will likely be trying to jump on the wait list and get access to half season seat packages. They should continue to offer them for next year to wait list members (non renewable packages) so that should give you a taste of what it’s all about and see how the pricing works/if it makes sense for you. If you do become a raptors SSH let me know, as I am one as well 😁
@@thumbsuprun thanks so much! Do you think I will be able to make profit if I do get season tickets?
It really depends on your price point you lock into and if you have the ability to create your own client list and sell tickets locally. You lose out on big margins by selling online (10-15%) so just need to keep that in mind
@@thumbsuprun it says I have to pick the area I want to sit in when I am able to purchase the tickets. I want to be in the lower bowl should I choose lower bowl sides or lower bowl ends ones aprx $3300 and the other is aprx $7000.
If for personal, that’s entirely up to you. If for resale, it’s hard to justify a 7k/seat cost but there’s definitely people willing to pay it so really comes down to your risk tolerance.
I have a question. So I went into my account on Ticketmaster waited in the queue and stuff to buy tickets for stray kids Maniac world tour and they were sold out or bought by scalpers when I went to buy some so I went to vivid seats on my dads account and my stepmom ended up getting two tickets for $434 but people are saying I’m supposed to transfer them to Ticketmaster so that I can actually go to the concert. I’m really confused if I do have to transfer them how do I do so?
The tickets you bought on vivid seats - were they mobile tickets (ie did they transfer the tickets to you via the Ticketmaster app) or are they mobile screenshot tickets (just a QR code that you can view on the vivid seats app)? If they are simply mobile screenshots then you can just show those at the gate when you arrive for the show - you won’t be able to transfer those to Ticketmaster as they are simply images
@@thumbsuprun I believe they were mobile tickets I’m not sure my parents didn’t get an option to transfer them I’m going to check with my parents but thank you for the reply! I’m going to tell my parents this information.! Video was great btw
If they were mobile tickets, then it’s possible the seller didn’t transfer the tickets yet. If they did, there would be an email from Ticketmaster for them to accept the tickets directly into Ticketmaster
hey what do you do with the unsold tickets, i noticed you had hundreds of them
How do we get in touch with you for training
Message me on IG and we can chat, @thumbsuprun - though don’t have a formal training program set up as of yet
@@thumbsuprun Do you have that membership that you work with people? I was a bit confused about what to do.
Nothing formal like I said, but if you message me or email me I should be able to get back to you and try to help out as much as I can. I’m just a bit swamped with requests lately so it isn’t as easy at the moment
Can you recommend the best or easiest accounting/bookkeeping software for ticket resellers? I've started to get some good traction re selling tickets realizing that I need some way figure out how much I'm actually profiting because I've got so much cash coming in and going out. Thank you!
A great problem to have! Unfortunately I’ve been running into the same issues. Quick books is fine for the most part but it obviously won’t be useful as an inventory management side. But in terms of running reports and just tracking your basic total costs and sales, it should get the job done
@@thumbsuprun Sounds good. Thank you 🙏
Bought 4 bad bunny tickets on presale 🤞
Yahoo!
It makes me angry that when I go to find concert tickets for Cheyenne frontiers the tickets seemed to be jacked up from 3rd party sellers
What is your best source to know what concerts are being announced when they go for sale?
you my friend are a leech on the backs of hardworking individuals. you provide no beneficial service and selfishly generate a profit doing so. you contribute to the reason why lesser fortunate individuals will never be able to see their favorite artists perform. well done.
I am sorry that you feel this way. I agree that ticket brokers certainly reduce the ability for others with less means to be able to purchase tickets to their favourite events. Therefore my channel exists to help teach both individual fans as well as those looking to profit on how to obtain these tickets at face value. I would highly encourage everyone to better educate themselves in the art of purchasing tickets. This is not a secret, all of the information for buying tickets is accessible publicly. Should you have any other questions or comments, please reach out to me and we can have a chat 😁🎟
@@thumbsuprun “accesible publicly” doesn’t mean you have to take away peoples chance, even if you have tips, doesn’t mean I can get lucky on the queue like you scalpers 😒 y’all terrible. Get a job
Queues are generally all luck based - sometimes you get in early and other times you don’t, so the more chances you have with friends and family all trying to get through the better the odds things could work out in your favour. Learning how they work also helps as well.
The main difference with a broker is that they’ll spend a lot more time looking to optimize their workflow vs a standard event goer who buys tickets maybe a couple of times a year. Arming yourself with as much knowledge and experience as you can enables everyone the ability to get on an even footing. Best of luck with your next ticket purchase, feel free to reach out with any questions you may have
Thank you so much for the videos! Learned so much from you. I was hoping if I could get your advice in my situation. So I bought two extra member presale tickets for the BTS concert in Vegas to resell. However, the transfer and the resell option in ticket master are both greyed out.
I know that in Stubhub, an option to resell is through mobile transfer (and this the deliver option of what the resellers are currently doing). My concern is though I'm not quite too sure if my tickets would even be transferable in the first place. Have you or know anyone who has come across this type of situation? If so, what is the work around here? I really dont want to get stuck with 2 extra unsold tickets 😞
No issues with reselling these tickets as mobile transfer - Ticketmaster has already stated that the transfer button will be enabled as of March 4 (today!) so just give it a few more hours and then it should open up transfers. Once it’s open, you’re free to list and sell the tickets as mobile transfer. If Ticketmaster also enables resale directly through their platform, then that will be another option for you
@@thumbsuprun you are awesome! Thank you so much for the advice 💜
Anytime!
@@thumbsuprun Hello.can you offer some help. I bought tickets for the silk sonic concert in Vegas on March 23. I cannot attend anymore. I don't know anything about selling tickets.
They were due to come in mail. But I though that I could sell them if I switched to mobile. But apparently a can't sell them or transfer them. The buttons are grayed out. I called them and they basically say I'm screwed and because there is a delivery delay that won't be lifted until the 20th. And that she doesn't know if they will be transferabke.And that I can either print them or use the mobile ticket. But I won't even be in Vegas anymore. Can anybody tell me what I can do now that the tickets cannot be mailed. I will be out $1000...I'm scared to list them on StubHub if I can't resell them. Won't I get a penalty if I can't transfer?
Think we just connected on IG, let’s work through this together 😀
38% is a great gross margin. Didn't know there was that much profit to be made in reselling tickets.
Thank you! There’s definitely room out there, but I would say being selective is the best way to keep that margin at a high level. 2021 was also a special year with crazy margins when returning back to live events
@@thumbsuprun How many of the tickets were you not able to sell at a profit of at all?
I’m sure it was well over 20%, probably higher tbh without going through it. It’s the big wins that make up for a lot of the loser sales. Season seats you’ll generally have a significant portion sell below cost/not sell at all but you can make up for it with the high value games
@@thumbsuprun Dang! High risk high reward. Thank you for all the info 🙏
where can i sell my beyonce tickets?
I normally like to tell people to use ticketmaster if the option is available for you when new sellers are getting started, otherwise stubhub. I find those two have the simplest platforms for listing for new folks
how’d 2022 go!? I’m looking at getting into ticket flipping as a side hustle that could grow to full time!
Can I join the discord
Definitely! Here is the most up to date link now. Note that we have begun to charge $50/month for membership
hpr.co/4mRePi4a2-NkSLB8R0Ar1
How are you able to buy 50 100 or more tickets, is it from the same venue or across different venues and how to do it?