Can You Make Money on Ticketmaster?
Ticketmaster, the world’s largest ticket marketplace, connects millions of event-goers with live experiences every year. If you’re a fan of concerts, sports events, or live shows, then you’ve probably used Ticketmaster to purchase tickets at some point. But can you make money with Ticketmaster? The answer is a resounding yes! In this blog post, we’ll explore different ways you can make money on Ticketmaster.
Become a Ticketmaster Affiliate
One way to make money on Ticketmaster is by becoming an affiliate. Ticketmaster partners with different companies, websites, and blogs to promote their events, and pays affiliates a commission for every ticket sold through their unique referral link.
If you have a website or blog that caters to the interests of event-goers, then you can sign up to become a Ticketmaster affiliate. To get started, go to the Ticketmaster website and scroll down to the “Affiliates” link at the bottom of the page. Click on the link and fill out the online application form. Once your application is approved, you’ll receive an affiliate ID and access to promotional tools and resources to help you market Ticketmaster events to your audience.
Affiliate commissions vary based on the event and the affiliate program, but typically range from 3% to 7% of the ticket price. While this might not seem like a lot, it can add up quickly if you have a large audience or promote popular events.
Resell Tickets on Ticketmaster
Another way to make money on Ticketmaster is by reselling tickets. Ticketmaster allows users to sell their tickets on their platform through their fan-to-fan resale marketplace called “Ticketmaster Verified Resale.”
If you have tickets to an event that you’re no longer able to attend, you can list them for sale on Ticketmaster’s resale marketplace. To get started, go to the Ticketmaster website, select the event that you have tickets for, and click on the “Sell Tickets” button. Follow the prompts to set your price, select your seats, and list your tickets for sale.
When your tickets sell, Ticketmaster will deduct a 10% service fee from the total sale price. You’ll receive the remaining balance in your account, which you can then withdraw to your bank account or use to purchase other tickets on Ticketmaster.
Buy Tickets in Bulk and Resell Them
If you’re a savvy event-goer, you can make money on Ticketmaster by buying tickets in bulk and reselling them on your own. This strategy requires some upfront investment, but can yield high returns if done correctly.
To get started, identify high-demand events with limited availability, such as concerts or sporting events with popular teams or artists. Purchase as many tickets as you can afford, ideally during the presale period when prices are lower. Once you have the tickets, list them for sale on Ticketmaster’s resale marketplace, or on other platforms like StubHub or Craigslist.
When reselling tickets, it’s important to price them competitively to attract buyers. Keep in mind that Ticketmaster’s resale marketplace charges a fee, so factor that into your pricing strategy. Reinvest your profits into the next round of tickets and continue the cycle.
In conclusion, Ticketmaster is a platform where you can make money as an affiliate, a ticket reseller, or a bulk ticket purchaser. While making money on Ticketmaster requires some effort and investment, it can be a lucrative side hustle for event-goers. As with any money-making opportunity, do your research, understand the risks, and comply with all applicable laws and regulations.