Avoid Common Mistakes When You Resell Concert Tickets Online

Selling concert tickets you can no longer use allows you to make a profit and helps other fans attend the event. Lysted offers a secure online platform to resell concert tickets. Here is more information on how to avoid common mistakes as you sell tickets online:

Creating Detailed Listings

When you resell concert tickets online, you are responsible for creating a listing that includes all the relevant information the buyer needs. List the ticket type, quantity, price, and event date on the platform. Seating details should consist of: 

• • Section

  • Row

  • Seating type

  • Accessibility or restrictions

To avoid listing errors, such as accidentally entering the wrong date or row number, make sure all information matches the details on your ticket. Accuracy helps prevent conflicts between you and potential buyers. Online reselling platforms, such as Lysted, provide articles demonstrating how to create a ticket listing on their website.

Ticket sellers are required to add any information that impacts who can use the concert tickets in the listing. This includes age restrictions and anything that affects the ability to see the event, such as an obstructed or side view. Listing this information enables you to comply with the platform’s requirements, protects your reputation as a seller, and helps prevent cancellation and penalties.

Preventing Double-Selling

Maximizing visibility for your ticket listings helps more potential buyers see them. Creating multiple listings for the same set of tickets can require manual updates whenever you change a price, leading to one or more listings displaying outdated information. Some ticket platforms allow you to create one listing that is distributed across thousands of ticket-selling websites simultaneously. This makes the ticket information easier to manage, and it helps save time while expanding your reach. 

Lysted allows you to have a single ticket listing placed on multiple websites. After your tickets are sold, Lysted removes your listing across all sites simultaneously. This prevents double-selling, which refers to the issue of multiple people buying the same set of tickets. 

Pricing Tickets Appropriately

Pricing tickets too high can impact your ability to sell the tickets, while pricing them too low does not allow you to make a profit. Conducting market research on the current value of tickets helps you set reasonable prices. Artist popularity, venue space, and the amount of available tickets all impact market value. VIP benefits allow you to ask for a higher price, while obstructed seating may require lower pricing. 

When setting prices, follow the platform and state requirements. Some states may have pricing caps, setting limits on how much the cost is allowed to exceed the original purchase price. Check to see if the platform you are using offers advanced tools to assist with accurate pricing.

Some tools use current market data and past trends to determine appropriate ticket rates. Lysted offers automatic pricing options with their Uptick tool, which updates the ticket prices on your listing for you to reflect market value. This feature helps you stay competitive while still being able to earn a profit.

Timing Your Listings

Timing listings appropriately helps you capitalize on current market value. Waiting too long to post ticket listings includes the risk of competing events, reduced ticket value, or lost interest. Posting your tickets right after an event sells out may increase chances for a sale, and it allows you to charge a higher price.

When creating a listing, give yourself ample time for the tickets to be delivered by the in-hand date. This prevents the risk of the tickets arriving after the concert has taken place. E-tickets are sent to the buyer by attaching the PDF to the order, while mobile transfers are sent directly to the buyer’s account. Physical tickets, such as wristbands or paper tickets, may require more time to ship. Lysted provides downloadable shipping labels to send hard copy tickets.

Resell Concert Tickets With Lysted

Lysted offers fully automatic processes, including listing and ticket fulfilment. This helps reduce the chances of human error when listing, and it allows you to focus on your sales strategy. We also provide secure payment methods to protect your private banking information and prevent fraudulent transactions. To learn more about how to resell concert tickets, sign up for an account today.