If you’re wondering how to sell concert tickets, try using a reputable online ticket reselling platform. Such websites allow you to list your tickets and reach a wide amount of customers, providing a platform for setting competitive prices. Here are some ways to determine ticket prices when reselling:

Research Market Demand

Sold-out concerts, playoff sporting events, and exclusive shows fetch higher prices. This is because they are in high demand. If an event is highly anticipated and features famous artists and teams, the resale value becomes higher. This means fans could be willing to pay more for such tickets.

When tickets are limited, you may set a higher price due to them being scarce. If you have several tickets to resell, it can be a good idea to create competitive prices to attract potential buyers. As the event date nears, last-minute buyers may be willing to pay extra to attend the concert.

Use Platform Data Tools

To learn how to sell concert tickets, some resale websites offer built-in prediction tools to help you determine reasonable amounts based on historical data from similar events. These tools analyze artist popularity, venue capacity, and day of the week to suggest fair listing prices. Some tools can provide data on recent sales trends and average ticket prices to help you adjust the amount properly.

Many platforms feature real-time pricing trends or offer insights on pricing suggestions to help you set competitive prices and keep up with the market. Others show average prices for similar seats, allowing you to see how your ticket compares.

Account for Fees and Commission

Several resale platforms fees for using their service to list and sell tickets. When selecting a price, set it so you can cover the cost of the ticket and the platform’s fees so that you make a profit. Some listing websites may also charge for running transactions on your behalf. Make sure your tickets are priced to cover those fees as well. If you’re selling tickets in a different country or currency, there may be additional fees for converting the money into your local currency.

Assess Ticket Quality and Location

Front-row seats allow fans to view everything on stage without obstructions. These tickets are premium seating, which means they are highly sought-after. VIP areas include access to exclusive seating, such as lounges and bars, making tickets even more valuable. For sporting events and larger concerts, you can set prices higher for suite tickets since they come with more amenities. You may also price early access or pre-sale tickets higher because they offer better seats to more exclusive areas. Backstage passes allow fans to meet performers. This means if you have these tickets, they can be priced at a premium.

Learn How To Sell Concert Tickets Online

If you have tickets for a concert you can’t attend or you wish to turn a profit, you can sell them at a trusted ticket market. Some platforms have pricing tools and historical data to help you choose the right prices for your tickets, allowing you to receive a fair price for them. To sell your tickets, sign up today with a reputable platform.