Ticket Broker Sales provides great return

So my venture into my first ticket broker sales was somewhat successful. I recently received an order to sell 1 set of 2 tickets to a local concert and it provided an annual return of over 51%.

If you recall my previous post, I wanted to see if this side hustle was worth the effort. Around early February, I invested $381.60 for 4 tickets to a local concert. These tickets were listed as an asset on the STMT Balance Sheet.

After listing the tickets for re-sale on Ticketmaster and StubHub, I received an order for 2 of the 4 tickets. The 2 tickets went for $125 each or $250 total. When you deduct the $25 fee to StubHub (10%), the final price paid to me was $225. The net profit of this side hustle was $32.20 after shipping expenses and cost of tickets. That is a 16.9% return over 120 days, or a 51.3% on annual basis.

This pilot test confirmed that there is a great return out there in ticket broker sales but you have to be able to:

#1. lay out the cash investment up front

#2. have a great knack for picking the right events

#3. Access to the pre-sale invitations for such events

Taking these learnings, I will continue to wait for the other 2 tickets to be sold but also start to research what other hot events might be coming up….