How to Become a Ticket Broker: Part 1

This is the first of a 3 part series on becoming a ticket broker.  The purpose is to help you decide whether buying and selling tickets for a living is a good choice for you.  So many people are looking for ways to work at home or make extra money.  But before you jump on the "ticket broker bandwagon", it's important to make sure it's a good fit.

The five part series will cover the following topics:

1. Is this the right business opportunity for YOU?  Based on your personality, your skills, and your willingness to take risks?

2.  What does it take to succeed in this business? How much can I expect to make? Can you hope to quit your job and do this full-time?
3.  How do I get started? What do I need to invest for resources to be successful?

Sooooooooooooo………..Here we go!

Is this the Ticket Broker Profession the right career choice for you?

As with many "work at home" opportunities that promise great money, we are tempted by the dream of waking up when we want, grabbing a cup of coffee, and rolling on over to our computer in our PJ's! ….Yep, that's my dream too.

But before deciding that becoming a ticket broker is the best way to get there, it's important to explore ourselves and the profession a little further. We all have different strenghths and skill sets.  If you can combine your natural and acquired skill sets with your interests and passions, you're really onto something! 

So let's see if this profession is for you….

Here are the top 5 most important qualities that will help determine whether you'll be able to a fulfilled, successful Ticket Broker.

1. You're a big fan of sports and/or concerts

I keep hearing that if you do what you love, the money will follow.  No doubt it's true for ticket broker's too.  It seems one the most important qualities you need is a love of the events you'll be buying and selling tickets for. To pick the best events, it's important to be well-read and up to speed on what groups are hot (or teams), when are events going onsale, what venues and cities will sell out quickly, etc.  YOu have to enjoy learning about what's going and staying current.  Ideally, you'll be in the cutting edge of all this stuff.

2. Fast, accurate typing and computer navigation skills, ability to multi-task and make quick decisions

This one may sound strange, but one broker claimed that because he could navigate the Ticketmaster screens faster than anyone else, this gave him a huge advantage and allowed him to consistently score the best tickets.  If there's a concert or event that is just super hot, and everyone and there brother is lining up to buy tickets at the Tickmaster internet gates, the only way to get to get those coveted tickets is to get through the ticketmaster screens faster than most everybody else.  If you can do this, manage multiple browsers screens, and amke snap decisions about the best tickets, you'll be way ahead of the pack.

3. Organized and detailed oriented

This one could be challenging for me.  If you're managing a decent size ticket inventory, you need to make sure you can keep track of all your tickets, and make sure you can put your hands on the tickets you just sold quickly.  There's no faster way to lose money shirt than by forgetting about tickets you bought, sending out the wrong tickets, or selling tickets you already sold!  All very bad….You've got to be able to keep track of your tickets, and your profits.

4.  You need to have some risk tolerance

Yes, there are ways to minimize it, but you're not going to make money on every transaction.  The key is be disciplined with your purchases, and smart with your pricing and resale choices.  The Ticket Broker Guide  has an excellent checklist to ensure you're making a smart decision when selecting tickets to purchase.   The author of the book claims the she makes a profit 95% of the time when she follows her checklist and does her research.  Speaking of which…..

5. You have to enjoy research!

To make sound decisions about what shows or events to invest in, you need to do the background work.  What bands are hot, what bands are up and coming, which venues are likely to sell out, how much money have previous shows gone for, what seats are best for a particular venue, and what are the chances of a second show (this will kill sales).  There are tools out there to get this information.

If you think that all these apply to you, or you have a desire to do this work and want to learn the skills you need to do it well,  this could be right for you.  So read on!