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So a few weeks back I found a link to a website that gave away pre-sale codes for concerts. The pre-sales codes allow you to get access to premium seats at the various concerts before the tickets go onsale to the general public. So I did an experiment to see if I could make money buying those tickets and then scalping them on stubhub.com. Here are my results:
I purchased tickets to 5 shows that I thought would sell out:
Bon Jovi
Brad Paisley
Eagles w/dixie chicks and keith urban
Tom Petty
Kings of LeonMy total cash outlay for these tickets was $1040
My total inflow after StubHub fees was $1460
Net profit: $420
Time involved: 1-2 hours
Return on investment: 40%I was successful in selling my tickets for every concert because I made sure they were very competitively priced. Most of these concerts don’t take place till July and the tickets are already sold. I may have been able to get more out of them, but decided that it was more important to get my money back out of them versus demanding top dollar.
This business model seems scalable and I can completely understand why scalping is such a big business even if it’s not for me.Coach;191086 wrote:So a few weeks back I found a link to a website that gave away pre-sale codes for concerts. The pre-sales codes allow you to get access to premium seats at the various concerts before the tickets go onsale to the general public. So I did an experiment to see if I could make money buying those tickets and then scalping them on stubhub.com. Here are my results:
I purchased tickets to 5 shows that I thought would sell out:
Bon Jovi
Brad Paisley
Eagles w/dixie chicks and keith urban
Tom Petty
Kings of LeonMy total cash outlay for these tickets was $1040
My total inflow after StubHub fees was $1460
Net profit: $420
Time involved: 1-2 hours
Return on investment: 40%I was successful in selling my tickets for every concert because I made sure they were very competitively priced. Most of these concerts don’t take place till July and the tickets are already sold. I may have been able to get more out of them, but decided that it was more important to get my money back out of them versus demanding top dollar.
This business model seems scalable and I can completely understand why scalping is such a big business even if it’s not for me.Which Bon Jovi concert was it? One they’re doing with Kid Rock this summer?
Chiefster;191094 wrote:Wow! You could have made many times more that amount.Yeah, he most certainly could’ve, but I’m glad he didn’t.
I couldn’t do it, my conscience would eat away at me, hahaha. I know letting a conscience get to ya over scalping is likely silly, because the reality is the scalpers don’t force any one to pay the amounts they’re willing to pay…free enterprise, free will.
It’s similar to blaming only the drug dealers, view the addicts as victims…well, those victims made/make the ‘free will’ choice to use drugs. The dealers wouldn’t exist if the users didn’t buy.
I’ve personally witnessed over the years many people who out of desperation, or realistically pure selfishness…will pay any price to acquire the best seats at a concert. In the meantime…they don’t pay their bills, neglect their kids at times too, as a result of their ‘music concert’ and related partying addiction…and it is an addiction for many.
For me, music is a passion, and I would never put it above my kids, or any person’s well being, including my own. Unfortunately it’s not like that for all…for many it’s not even about the music…it’s about the environment, more about the sex & drugs than the Rock n Roll…sad to say.
honda522;191108 wrote:How many tickets per concert?2 tickets for every show except Bon Jovi where I did 4. I sold the Eagle/Dixie Chicks/Keith Urban tickets way too low. The show is at Soldier Field and I probably could have gotten double what I charged but I would have run the risk of getting stuck with the tickets.
Fun experiment, but I think I’ll keep my day job.
Connie Jo;191102 wrote:Yeah, he most certainly could’ve, but I’m glad he didn’t.
I couldn’t do it, my conscience would eat away at me, hahaha. I know letting a conscience get to ya over scalping is likely silly, because the reality is the scalpers don’t force any one to pay the amounts they’re willing to pay…free enterprise, free will.
It’s similar to blaming only the drug dealers, view the addicts as victims…well, those victims made/make the ‘free will’ choice to use drugs. The dealers wouldn’t exist if the users didn’t buy.
I’ve personally witnessed over the years many people who out of desperation, or realistically pure selfishness…will pay any price to acquire the best seats at a concert. In the meantime…they don’t pay their bills, neglect their kids at times too, as a result of their ‘music concert’ and related partying addiction…and it is an addiction for many.
For me, music is a passion, and I would never put it above my kids, or any person’s well being, including my own. Unfortunately it’s not like that for all…for many it’s not even about the music…it’s about the environment, more about the sex & drugs than the Rock n Roll…sad to say.
Same here kiddo; I’m way too much of a straight arrow. I can’t walk out of the super market with one more cent in change then I should have.
Chiefster;191114 wrote:Same here kiddo; I’m way too much of a straight arrow. I can’t walk out of the super market with one more cent in change then I should have.Dang rite you wouldn’t, in the store I work in! Cause that is one less cent, I might that need that for a raise in pay.
tornadospotter;191117 wrote:Dang rite you wouldn’t, in the store I work in! Cause that is one less cent, I might that need that for a raise in pay.…And you sir where the very one I was thinking of when I made the above statement. We old geezers gotta stick together after all….zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz…..What was I talking about???
Chiefster;191119 wrote:…And you sir where the very one I was thinking of when I made the above statement. We old geezers gotta stick together after all….zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz…..What was I talking about???
I forgot, wait, wait, I will think of it,,,,,, nope forgot.
But I want that penny, and a few hundred more per hour!
tornadospotter;191126 wrote:I forgot, wait, wait, I will think of it,,,,,, nope forgot.But I want that penny, and a few hundred more per hour!
Why back in the day we used to have half pennies we called them “Hey Pennies” which is what I used to call my first girl friend named Penny; I’d call at to her and say…zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz…
Chiefster;191114 wrote:Same here kiddo; I’m way too much of a straight arrow. I can’t walk out of the super market with one more cent in change then I should have.Yep, haha. I have people tell me all the time I’m too honest, and even too old fashioned morally for my own good…but realistically how is that even possible?…especially if I can’t sleep at night, haha.
Lord knows I’m not a saint, never will be…but I try to keep it between the lines as much as possible for my own benefit in the long run. When I do screw up, I usually don’t realize it until later…didn’t do it intentionally, hahaha. Trust me…the good Lord brings my screw ups to my attention fairly quickly too, hahaha. He doesn’t let me get away with anything I’m tellin ya! HA!
Connie Jo;191130 wrote:Yep, haha. I have people tell me all the time I’m too honest, and even too old fashioned morally for my own good…but realistically how is that even possible?…especially if I can’t sleep at night, haha.Lord knows I’m not a saint, never will be…but I try to keep it between the lines as much as possible for my own benefit in the long run. When I do screw up, I usually don’t realize it until later…didn’t do it intentionally, hahaha. Trust me…the good Lord brings my screw ups to my attention fairly quickly too, hahaha. He doesn’t let me get away with anything I’m tellin ya! HA!
I read ya; I gotta be able to look at the reflection in the mirror myself.
Well, I might be in the minority here, but I would not have any trouble sleeping making a few extra dollars on selling tickets! After all, I have spent way to much to buy tickets to go to a sold out Chiefs game before. I have also gotten them for free also. Saying that? Its still a free market and if someone is willing to pay extra for a few tickets and me not go to the concert/game? Then why not make a few dollars on it? jmo
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