Top 5 Reasons to Become a Ticket Broker

There are many people looking for a home-based business to start. Many have the desire and passion to be their own boss but struggle to find an industry to channel their dreams into. If you are one of these, we suggest you consider becoming a Ticket Broker. Buying and selling tickets to sporting and concert events can be a lucrative home-business to start. We have compiled our top five reasons to consider the ticket brokering business.

Quick Turnaround - When a concert event comes for sale and we buy tickets to that event, our average time to sell is less than thirty days. Sporting events tend to be a bit longer mainly because a season last six months. But the average time we hold inventory for sports is still under ninety days. How many businesses would love to have their inventory move that quickly? A bunch is the answer. IT is not uncommon at all to have a turnover in days. We frequently have deals this quick. Anything that you buy and sell you want to have movement on that inventory. The quicker it moves out, the sooner you can do another deal. Quick turnover gives you the potential for more deals and more money. 

Great Return on Your Investment - One can expect an average of 15% to 25% per deal over time if you are smart about your business. Granted we do say if you are smart about your business. The premium on nosebleed seats is not there for every event. There are ways to keep you focused on the premium seats.

Think about this if the average return on a deal is 15% to 25% and the average turnaround on a deal is thirty days, one has the makings for an incredible annual return. One does not automatically get a 300% annual return. You have to be smart about it. But don't you want to get started in a business that gives you the opportunity to make that kind of money.

Lack of New Entrants - Many would-be-entrepreneurs will simply never enter the ticket broker business. The moniker of "scalper" keeps them away. Somehow "scalper" has become equivalent to "used car salesman" or "Enron energy trader". It has a perception as a slimy profession. Out attitude is let it stay that way. It only keeps people out of the industry. One thing that hurts the existing people in a business is when there is a flood of new entrants into the marketplace. The scalper perception keeps people out of it.

In regards to scalping, why is this bad? How did people get the idea that all mankind has an inherent right to purchase tickets from the place of origin? Last time we checked we still had capitalism. Think back to your economics 101 class and the supply and demand lecture. Sport and entertainment tickets are a perfect example of a perfect market, which is where the price of the supply is solely affected by the demand. Prices for a Hannah Montana ticket are way more than a Foghat ticket.

Minimum Investment - Do you want to get started in real estate? The concept of no-money-down is more myth than reality. Anytime you are buying a house, there is something that will need to be fixed. Those contractors want to get paid.

The bottom line is that it cost money to go into business. There is no way around it. They key is to find the low cost startups. Ticket brokering fits the bill. For a few hundred dollars, you can be working on your first deal. It will not get much cheaper than that.

Built in Marketing - Sports and music already have a built-in base of people following their product. Think about all the sports channels, talk shows, programs, advertisers and everything else that are based upon nothing more than your favorite team or recording artist. People have already emotionally tied into this. All you need to do is ride the coattails. So many businesses spend millions of dollars to try and create an emotional bond with their product. We would rather capitalize on one that already exists.

Lets do a quick compare to another industry a lot of people have interest in getting involved with - real estate. Real estate is great but the thirty day turnaround is the exception, not the average. It is difficult to buy a house with putting less than ten thousand dollars into it. Have you been to a foreclosure auction recently? The number of people shopping around is phenomenal. If it all works and you get a 20% return, you are lucky.

Ticket brokering is an excellent candidate industry for any entrepreneur to consider when starting a home-based business. One would be wise to consider it.