Got a Ticketmaster ticket to a live event you can no longer attend?
A total bummer, right? But don’t toss that concert ticket in the trash just yet. You can recoup your investment and give another fan your seat at the show.
And the cherry on top? You can even make a sweet profit.
Reselling tickets is way easier than you imagine. Here’s everything you need to know about how to resell Ticketmaster tickets.
- Is it Possible to Resell Ticketmaster Tickets?
- What Is the Value of Ticketmaster Tickets?
- Things to Consider When Reselling Ticketmaster Tickets
- Where to Resell Ticketmaster Tickets
- What You’ll Need to Resell Ticketmaster Tickets
- How To Resell Ticketmaster Tickets: Step-By-Step Instructions
- Can You Make Money Flipping Ticketmaster Tickets?
- Frequently Asked Questions
- Similar Tutorials to Check Out
- Wrapping Up
Is it Possible to Resell Ticketmaster Tickets?
Yes, it is possible to resell Ticketmaster tickets. Don’t fret if you’re a ticket holder who can no longer make the show.
Reselling concert tickets isn’t a new concept. People have been reselling tickets to live events for years. While the resale ticket price can be higher, it allows fans to secure access to sold-out concerts and sporting events.
What Kinds of Ticketmaster Tickets Sell Well?
Below are the tickets that sell like crazy on Ticketmaster:
1. Concert Tickets
Nothing gets fans more excited than seeing their favorite musicians live in concert. Tickets for solo acts and bands with a devout following can sell out within minutes, even during the presale.
Fans stand in a queue for resale tickets to sold-out shows and are willing to pay extra, even for less desirable seats.
2. Sports Tickets
Tickets for sporting events are always in high demand. Fans can easily wipe out the ticket inventory for playoffs and championship games.
If you have a season ticket, perks like VIP entrance, parking discounts, and invites to exclusive fan events can ramp up the price.
3. Comedy Show Tickets
Stand-up specials take place in smaller venues compared to concerts and games. The limited seating capacity means tickets can be in short supply.
The demand can exceed available inventory, causing the tickets to fly off the shelves in a jiff.
What Is the Value of Ticketmaster Tickets?
The price of resale tickets varies across different platforms and resellers. You should track the ticket resale market to value your Ticketmaster tickets competitively.
The cost of tickets has plenty to do with the popularity of artists or sports teams. Take, for example, Taylor Swift’s Eras Tour, which crashed the Ticketmaster website when tickets first went on sale.
Shortly after, resale tickets skyrocketed, averaging $1,605. In comparison, the average resale price for concert tickets stands at $250 this year.
Some sporting events can also command sky-high prices in the resale market. Ticket resellers have a field day during once-in-a-lifetime showdowns between legendary teams or athletes.
For instance, the least expensive seat for the Floyd Mayweather-Connor McGregor fight sold for $1,675 on a third-party website. A pair of ringside tickets also cost an insane $160,043 apiece on a secondary market.
Do Ticketmaster Tickets Lose Value Over Time?
Sports teams, venues, and event promoters determine the base price of tickets. This price can see-saw over time, depending on demand. That said, resale tickets go down closer to the event as resellers scramble to get rid of them.
Things to Consider When Reselling Ticketmaster Tickets
Here are some factors to consider before putting up your Ticketmaster tickets for resale:
1. Legal Restrictions
Each state has specific guidelines on ticket resale, including licensing requirements, price limitations, and other provisions. For example, New York requires ticket resellers to obtain a license, post a bond, and provide a standard refund policy.
Some states prohibit reselling above base price. A few put a ceiling on the resale price based on a percentage of the fair value.
While ticket resale is legal under federal law, it’s best to check the state or city regulations to navigate the resale market responsibly.
2. Market Demand
Research the market trend for the event you’re reselling tickets for. Famous artists and high-profile sports matchups create greater demand, increasing profitability. Stay informed about current demand and price your tickets accordingly.
3. Competition
The ticket resale market is fierce. In-demand events and limited availability can intensify the competition, driving prices up and making it harder to obtain tickets for resale.
4. Timing of Listing
Determine the ideal time to list your tickets for sale. Consider the event’s popularity, peak time, and ticket availability on the primary market before publishing your tickets. Listing too early or too late can affect your chances of selling your tickets at the desired price.
Where to Resell Ticketmaster Tickets
Here are the most reputable online platforms to resell your tickets right now:
1. Ticket Exchange by Ticketmaster
You have the best shot of reselling verified tickets through the Ticketmaster Resale page. Ticketmaster offers two options: listing from your Ticketmaster account or using the barcode.
On the Ticketmaster app or website, sign into your account and follow the prompts for selling tickets. You’ll have to provide some personal information to get paid, including your tax details.
Or, list ticket for sale without an account. You only have to enter the barcode, and you’re good to go.
What Makes This Option Great
Ticketmaster is the first place fans will go to for live event tickets. The listing is free, and you have complete control over the ticket price.
When using the Face Value Exchange, buyers pay the original price at no extra cost. For more info, go to our Ticketmaster selling tutorial.
- Fees/Commission: Free listing, service fee starts at 5%
- Payment Methods: Debit card for US accounts only or direct deposit to a savings or checking account
2. StubHub
StubHub is a high-traffic secondary market for online ticket exchange. It has a diverse selection of events, such as festivals, concert tours, and sports games.
To deliver a sold mobile ticket, you must transfer it from your account on Ticketmaster. Use the sale info on the email StubHub sends you or the buyer info from the Sales page on the site.
Then, go back to StubHub to complete the sale and confirm the transfer.
What Makes This Option Great
With a huge number of daily visitors, you have a great chance of finding a buyer for your tickets.
StubHub also offers better flexibility with payment methods and managing listings. Plus, you can set the ticket price however you like.
- Fees/Commission: Zero listing fee, 15% commission
- Payment Methods: Bank transfer, PayPal, or prepaid MasterCard via Payoneer
3. Vivid Seats
Vivid Seats is another secondary market for reselling your Ticketmaster tickets. You’ll need to enter the details of your resale ticket, including the following:
- Quantity
- Section
- Row
- Seat number
- Disclosures
- Attributes
That said, you can only sell paper tickets or print-at-home stubs (printable PDF format) on the site.
What Makes This Option Great
Planning to be a professional reseller? StubHub offers the most comprehensive solutions to help you succeed—for free! At StubHub, you’ll have access to these features:
- Direct integration with different marketplaces
- Intelligent pricing tools
- Reports (e.g., inventory and sales)
- Ticket management page
But to qualify for the Large Seller program, you must sell over $10,000 in tickets annually.
- Fees/Commission: Free listing, 10% seller fee
- Payment Methods: PayPal
What You’ll Need to Resell Ticketmaster Tickets
You’ll need the following to get started:
- Verified Ticket: You must have a legit Ticketmaster mobile, PDF, or paper ticket. Then, refer to the ticket information to complete the listing details.
- Tax ID Number: The exchange platform will ask for your taxpayer information for tax purposes on ticket sales.
- PayPal or Bank Account: Depending on the marketplace, you need a valid and secure method to claim your payment.
How To Resell Ticketmaster Tickets: Step-By-Step Instructions
The process of selling concert tickets on secondary exchange services isn’t all that complicated. Check out this guide:
Step 1: Set Up an Account
Visit your preferred online platform and create an account if you don’t already have one. Provide the required information and follow the registration process.
Step 2: List Your Ticket
Once you’ve set up your account, proceed to log in.
Next, navigate to the My Tickets section (on Ticketmaster) or My Account page (other sites) and find the Sell button.
Then, select the event for which you want to resell tickets, and include all the necessary details in your listing.
Step 3: Specify a Ticket Price
Typically, you’re free to enter any amount you want for your ticket.
If available, we recommend taking advantage of the pricing guide to help you set a competitive price and attract buyers. This tool will show how your price compares to the resale average.
Buyers tend to prefer platforms that charge them lower fees. You can bump the price up a notch on those sites. Event organizers don’t want their tickets to sell below the fair value, and we bet you share the same sentiment. Keep this in mind when reselling on the Ticketmaster resale marketplace.
You’ll want to monitor price movements and adjust the price as needed. As long as your ticket is still available, you can change the price anytime.
Step 4: Choose a Payment Method
Make sure you have a valid account for the accepted payment method on the exchange platform. Add your preferred payment channel to complete the listing.
At this point, you only have to wait for a buyer to grab your ticket. Once sold, you’ll receive a notification email with further instructions.
Finally, expect your payment within several days to a week.
Can You Make Money Flipping Ticketmaster Tickets?
You can make some extra bucks reselling Ticketmaster tickets and even turn it into a side hustle. Learn more below:
What Is a Ticketmaster Tickets Resale Business?
A Ticketmaster tickets resale business involves buying tickets at face value and reselling them at a higher price.
Sellers source their tickets directly from Ticketmaster or through presales and partnerships with ticket distributors. They research the market to identify high-demand tickets, understand price trends, and develop pricing strategies.
Is Reselling Ticketmaster Tickets a Good Way to Make Money?
Yes, reselling Ticketmaster tickets is a good way to make money as a side hustle, if you know what you’re doing. There’s money in reselling Ticketmaster tickets, but before you hoard those concert tickets, let’s break down the benefits and drawbacks of this gig:
Pros of Reselling Ticketmaster Tickets:
- No overhead cost: You can start reselling tickets without significant upfront expenses.
- Instant appeal and marketability: Popular events and long-awaited performances attract legions of fans, increasing ticket demand.
- Huge market: Entertainment and sports have a broad customer base.
- Reasonable profit: Reselling tickets for highly sought-after shows offer a good profit margin.
- Convenience and flexibility: Social media platforms and online marketplaces make it a breeze to resell tickets. You can do it anytime, anywhere.
Cons of Reselling Ticketmaster Tickets:
- Steep competition: Many resellers vie for the same tickets. You must keep a keen eye on the ticket market and judge it right before you secure a share of the inventory.
- Ticket resale restrictions: Some events ban or restrict reselling of tickets.
- Risk of cancellations: Cancellations due to extraordinary situations (inclement weather or artist’s health issues) can hurt ticket sales. Some states require resellers to refund tickets for canceled events.
Frequently Asked Questions
Why Are My Tickets Not Eligible for Resale on Ticketmaster?
The Sell option on the Ticketmaster website or app is inactive for several reasons.
First, the event master has yet to open the tickets for resale, or the resale window has ended. Venues or organizers can also restrict specific rows or seats for resale.
Lastly, you can’t resell tickets bought through Ticketmaster if the platform isn’t the primary ticket provider.
How Long Does It Take Ticketmaster to Pay You?
Once you’ve sold your ticket, it’ll take 5–7 business days to receive your money. If you resell using a ticket barcode, the payout is within 5–7 business days after the event has taken place.
For a direct deposit to a checking or savings account, Ticketmaster will only process the payment after you’ve verified your account. Meanwhile, debit card payment doesn’t need verification.
Similar Tutorials to Check Out
Aside from reselling Ticketmaster tickets, here are some similar side hustles you can try:
- Resell Gift Cards: Explore how you can turn your unused gift card into cash and where to resell them.
- Resell Stubhub Tickets: Discover the best marketplaces to resell StubHub tickets and make a profit.
- Resell Taylor Swift Tickets: Learn how to resell tickets for Eras Tour and other upcoming Taylor Swift concerts.
Wrapping Up
After learning how to resell Ticketmaster tickets, you’re well on your way to making a profit. It only takes four simple steps: sign up, list, set the price, and select a payment method.
Have you had any luck reselling concert tickets before? We’d love to hear about it in the comments below. And don’t forget to share this ticket reselling guide with your friends!
