Disclaimer: This article was sponsored by TicketFlipping.com. This means that I have received compensation in exchange for this post. All thoughts and opinions are my own.
If you’ve been reading NinjaBudgeter for a while, you know that I’m a huge fan of flipping. I love the challenge of buying something used and turning it around fast for a profit. I even ran a little appliance flipping side hustle for a while.
While flipping appliances, furniture and other stuff can be a great hustle, there’s a big challenge as well…stuff is heavy and hard to transport!
Recently, I was introduced to a new type of flipping that caught my attention: flipping event tickets.
I have heard of people doing this as a way to make a side income online, but I thought it must be super high-risk and complicated. This is probably because I don’t go to many events myself and didn’t want to risk ending up with 50 unsold tickets to Miley Cyrus or something like that haha.
As it turns out, ticket flipping is much simpler and more accessible than I thought. Today, I’m going to talk about the advantages of flipping tickets, how much money you could potentially make as well as how to get started.
What is ‘flipping’ exactly?
Let’s back up just a little. Maybe you’re new here and not familiar with the term ‘flipping’. Perhaps ‘flipping vehicles’ sounds to you like something you’d only see in a strongman competition.
Flipping, sometimes called ‘reselling’, is simply buying something at a low price and selling
for a higher price. Flippers tend to put emphasis on quick turnaround rather than sitting on inventory for a long time, though there are exceptions to this.
It’s that simple, and it’s a fantastic side hustle. Buy low, sell high.
Why get into ticket flipping
I want to show you why ticket flipping might just be one of the best online money making opportunities I’ve come across this year.
There’s loads of opportunity
We’ve all been to a concert right? Well there are thousands of concerts in cities all over the world happening every month. The more I think about it, the more opportunities come to mind. There are sports games, comedy shows, circuses, popular speakers. In the last year we have taken our kids to a figure skating show and a monster truck event, and went to see a popular comedian on a date night.
There are more types of tickets that I can’t bring to mind right now but the point is, if you want to get into this hustle, there is a ton of opportunity to be had, no matter where you live.
There is a high demand for event tickets
Have you ever wanted to go to a show of some sort, just to find out that tickets are already sold out? It sucks, but it happens because there is a ton of demand for many shows. You can learn strategies for how to get in early and purchase tickets for high demand shows to resell for a profit.
Lots of potential for profit
Many people are willing to pay top-dollar for tickets to a show that they really want to be at. Combine that with my above point about just how many events are happening out there, and you can see that there is a lot of money to be made.
Like any skill, the better you get at reselling tickets, the more money you will be able to make.
No physical inventory or shipping hassles
There are a lot of people who run successful businesses based on physical inventory., You can’t argue that there’s a lot more work involved when you have to deal with picking up items and shipping them out to customers though.
With tickets, you’re almost always dealing with access codes, rather than cumbersome inventory. This really is a business that you can run from a coffee shop, which brings me to my next point…
The business can be run completely online
There’s a lot of freedom in this hustle. Whether you want to work from a home office or make some extra cash on vacation or lunch break, you’re not going to be restricted to one location. Do it where you want to.
Potential for growth
As you learn the ropes and improve your skills, you can move into other markets and invest more money into your business. If there is not much available in one market, you can simply start buying tickets in another. There is practically unlimited opportunity for a person to grow here.
How to make extra income online with a ticket flipping business
The great thing about this business, and the thing that I think makes it one of the best side hustle opportunities right now, is that almost anybody can do it. You can start flipping without investing a ton of money into tickets, and see a return quickly while still working your regular job.
The concept is simple:
- Head over to Ticketmaster and purchase tickets for events that you think will sell out
- When the event is sold out, upload your tickets to Stubhub and sell them for a higher price than you paid.
- Once your tickets sell, payment will be sent to you via PayPal.
The skill is in identifying events that will sell out, allowing you to resell the tickets that you bought early, for a higher price.
- Here are some things to consider when evaluating whether an event will sell out:
- How popular is a particular artist or sports team right now?
- What time of day, and day of the week is most likely to sell out
- What is the sales history of events in that particular venue
- If there is an age limit on ticket sales
- Whether this is a single event or one of multiple shows
- Seat location
- Venue capacity
As you can see, there are a lot of factors that can affect the profit potential of a ticket. If you’re interested in learning how to flip tickets, and want to cut down your learning curve and start making money faster, check out ticketflipping.com.
Sure you could invest hundreds of hours into research and learn everything the hard way. Why do that though, when you can learn from pros who know the business inside and out?
These guys know all about the ticket flipping business and teach you how to get started buying and selling tickets for profit fast.
- Here’s what you get access to when you sign up for the ticketflipping.com private membership group:
- Market Predictions: Profitable event recommendations sent 4 times a week.
- Ticket Flipping Training: In-depth video course and guide on how to get started and scale up.
- Members Chat: Group chat with hundreds of other members and professional ticket resellers.
- Data Analytics Tools: Ticket counter tool that shows you how many tickets are left.
If you’re ready to get started with a fun side hustle that you can scale up into a serious income-making business, check out ticketflipping.com today.