Return of unused stock is not allowed in this high profit margin business
Have you in the past wanted to go to a sporting event or a musical concert and on realizing the event is sold out, went into a shock at how much the ticket was selling for in the secondary market? If you have been through that experience, you are certainly not alone. You may have realized the immense potential of profits in the ticket brokers business.
On the surface it may seem like an easy enough business to get into. After all, it has low barriers of entry. Also, one can slip in and out of the market as he desires. There is of course potential for big profits. These are all of course true and are also good reasons to become ticket brokers. Just as in every other business, there are risks involved. What could happen if the tickets do not sell? Also how can one maintain a large inventory and not lose track of everything? What can be the best places to sell?.
Many would-be-entrepreneurs will simply never enter the ticket broker business. The term scalper helps in keeping them away. Somehow the term scalper has come to be as accepted as “used car salesman”. One thing that does hurt the existing businesses is when there is a rush of new entrants into the marketplace. The perception of being a scalper keeps people out of this market.
Someone who knows a bit about current music has enough knowledge to know what tours are going to be popular and which are not. This is not rocket science. They spend a lot more time investing in discovering what is coming up for sale than on the decision on whether to buy or not. This is quite an important point. If ticket brokers is what you aim to do, you need to spend more time deciding on what event to buy and not discovering later what events you can buy.