How to Become a Ticket Vendor for Sports Events and Concerts
A ticket vendor is a secondary ticket broker or ticket reseller of events, including sports events and concerts. Most tickets for events are purchased through the official box office designated for the event. Many event ticket vendors attract a vast amount of customers who are seeking event tickets that have been sold out by the official box office, especially when the demand is greater than the supply of tickets for the event. Event tickets are purchased at face value from the box office; however, ticket vendors often sell the tickets at higher prices than the face value when there is a huge demand for the tickets.
Other People Are Reading
Instructions
-
-
1
Contact your state licensing authority to ascertain whether you are required to obtain a vendor's license. The specific licensing requirements may vary by state. You may be required to have a special license or just a business license. If you are required to have a special license to operate your ticket vendor business, you may be required to adhere to other specifications to maintain a license. For instance, some states require licensed vendors to purchase a bond for a specific amount from an authorized surety company and pay a fee to submit an application for a special vendor's license.
-
2
Establish a place of business and determine how you will advertise the event tickets. Some ticket vendors may maintain a storefront office, whereby customers can visit the location and purchase tickets. Other ticket vendors may advertise and sell tickets on the Internet, via their own website or by way of a website that allows ticket vendors to sell tickets.
-
-
3
Establish methods to procure the tickets for the sports events and concerts. Most event ticket vendors seek tickets that are hard to procure, such as front-row seats or lower-level VIP seats, and purchase a bulk amount of tickets. Ticket vendors may use a variety of ways to ascertain event tickets that are in demand and resell the tickets to customers. Purchasing the tickets from Ticketmaster or the event's box office for face value is a conventional way to obtain the tickets. However, some ticket vendors may use other connections to purchase tickets, such as season- ticket holders to sports events and other ticket resellers.
-
1
Tips & Warnings
Ticket vendors are different from ticket scalpers: Ticket vendors maintain a fixed place of business, while ticket scalpers usually sell tickets outside the event location. Many states that issue vendor's licenses require the ticket vendors to maintain a principal place of business to sell tickets for events within the state.
