Making $$$ As A Ticket Broker vs. CraigsList Arbitrage

7 replies
I had an interesting discussion over a couple of pints of Guinness with a couple of my 'ole mates. My friend, Greg, makes a full-time living buying concert and sporting events tickets from TicketMaster and then reselling them on StubHub. (It's gambling when you don't know what you're doing; it's a marketable living when you're an educated trader). My other friend, Joe, buys local stuff that he finds on CraigsList--usually stuff that needs fixing up--then resells it on CraigsList for a profit.

As they discussed the pro's and con's of their respective methods, it became clear that they both work their butts off and that neither method was a free ride. It was really an interesting discussion since I'm a big fan of entrepreneurship and working from home.

Any Warriors familiar with either of those methods? Any war stories? Just kind of curious whether either way is a legitimate platform for carving out one's niche in the world.
#$$$ #arbitrage #broker #craigslist #making #ticket
  • Profile picture of the author Bill_Lawrence
    Earlier this year, I bought and sold WWE tickets. That was probably the easiest money I've made online in a very long time. The WWE event was sold out in my city so I bought 5 tickets and re-sold them on ebay. I made about $500 profit from those tickets but I haven't tried this in a while.

    Selling tickets can be extremely profitable if you find the right event.
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    • Profile picture of the author greenyeti
      I think there is more upside to ticket brokering.

      Another non IM forum im on had a guy claiming he started with brokering and had moved on up the chain and was making a killing.
      He seemed way too open and offered rides in one of his 3 lamborghinis. Either it was a trap to steal some kidneys or possibly legit.
      I forget where he was, but he said he owned about a 1/3 of the tickets for all nba or nfl games in that city, among other things.
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    • Profile picture of the author czilbersher
      That's awesome. Congrats!
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      • Profile picture of the author spruchni
        Awesome way to make a living!
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  • Profile picture of the author David Micheal
    I will do shopping at my local shop and buy something that had discount. Then, I resell it online. Many of them are electrical item like vacuum and fan.
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  • Profile picture of the author pokerdawg
    You really must know what you are doing in this space - it is a dangerous area to dabble. I knew a licensed ticket broker in NJ and he had cases - literally cases - of unsold tickets. There is a huge downside in buying tickets and NOT being able to flip them. You may make 20%-100% or more on a good flip, but you lose 100% when you can't flip. There are no free lunches!

    Ask me any questions, and I'll do what I can to help with search engine optimization, pay per click bid management and lead generation. Your Long Island advertising agency in New York.

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  • Profile picture of the author Jon Martin
    I bought tickets to see Alanis Morissette in Toronto on StubHub a couple of months back, and after registering for the website and buying the tickets, it really got me interested in the ticket brokering industry.

    Anybody else familiar with it? Would love to hear of any more warriors who have or currently broker event tickets.

    -- Jon.
    "Be the hero of your own movie."
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