4 ms·
Making $32k/month as a ticket reseller
- verdverm 3y ago"how I grift the ticket system..." would be a better title, this behavior is bad for people who actually want to go to shows.
- isk517 3y agoIf you removed all of the middle men then the live event industry would practically be hallow.
- verdverm 3y agoYou don't think they can learn and adjust? Most live music happens outside of mega venues, where this doesn't happen. They get along fine without the middleman tax
- isk517 3y agoSorry, wasn't implying that people holding live events in large venues wouldn't adjust, in fact I believe all of these middlemen are bad for the people doing the actual work. Just lamenting the fact that so much money from the live event industry is going to people that add no actual value.
- verdverm 3y agoyes, so true. I have an old pet project that was trying to address this... SpotJams, humans together for music It was really trying to be more the grassroots social network purpose built for musicians, to encourage more small scale live music
- anthonypasq 3y ago"how i sell tickets for their actual market price and what people are willing to pay for them..." would be a better title.
- tekla 3y agoI love liking music that at most costs like $50 per concert, at the extreme. I look at these ticket scalping issues and drink my beer and not give a shit. Increase prices and/or make lines a thing. There is no bypassing simple supply and demand.
- throw9away6 3y agoGross or net?
- sampli 3y ago> In May, I sold 850 tickets for just under $121,000 in sales, which equaled about $32,000 in profit So net
- andy800 3y agoThere is significant money to be made as a ticket broker, unfortunately there is nothing of substance in this particular article, such as, how does he obtain a lot of tickets at below-market-value in the first place.
- PopAlongKid 3y agoI wonder what the Canadian tax rate is on this type of business, and how they enforce accurate reporting? In the U.S. it would be the regular income tax rate plus 15.3% self employment tax.
- gnrlst 3y agoI know I should respect the hustle, but hard to respect a middleman adding 0 value to the process. I also love how they softened his side hustle by fitting "helping make tickets more affordable" in the same sentence where he says he resells them at a higher markup.
- srackey 3y agoHe actually is adding value. The pricing is way out of line with the real demand, causing a shortage. But bands/venues don’t want to set ticket price at market price because it will make them look bad. Scalpers take the reputation hit in exchange for setting tickets prices such that anyone who wants to pay market price can get one. Scalping could be done away with, but only by setting pricing at market value, which many are reluctant to do. Hence, it will remain.
- verdverm 3y ago> But bands/venues don’t want to set ticket price at market price because it will make them look bad. How exactly does the band or venue benefit from the scaled price increase? Are the scalpers given them some of their profits back? Otherwise, it seems they only get the price they set, and the scalpers get everything on top, besides Ticketmaster, who probably takes a fee twice... > Scalpers take the reputation hit in exchange for setting tickets prices such that anyone who wants to pay market price can get one. I've been priced out of concerts because scalpers took all the tickets and jacked the price out. What about people like me
- srackey 3y agoYou were never priced out, you just can’t afford the concert. The price they jacked it up to is the market price. The band or venue don’t benefit, the people who can now buy when they’re used to be a shortage do. It’s just arbitrage, being compensated for adding liquidity to the market.
- verdverm 3y ago