All posts by Michael Davis

Ticket Business

Here is a sample purchase of tickets for Modest Mouse at Verizon Theatre in Grand Prairie on Friday July 22, 2016.

The event was not listed in any of my services for presales passcodes. I found out about the event from an email I received from AXS weekly – entitled

AXS Weekly Event Email

Look at page three and you will see events listed as presales with the Public Onsale dates. The Brit Floyd would be a good group to buy except that it is on a Tuesday and won’t buy tickets for a Monday, Tuesday or Wednesday (always exceptions and this is what causes problems – going against your rules.) So skip this and concentrate on Modest Mouse.  As I said previously could not find the passcode in any of my services since they did not list the event. I extrapolated from the passcode for the Bank of OK event the previous day – Passcode – MMBN2016  I also bought three pairs of Modest Mouse for Portland yesterday.

ModestMousePresale_Scalping Disclaimer

If you look at the disclaimer in the lower left the Verizon Theatre is delaying delivery of the tickets to detect possible scalping and over ticket limit orders. However this anti Ticket Broker pro Ticket Promoter issue has been decided in court already allowing the free market buying and selling trade of event tickets.

TicketPurchase – Modest Mouse_Verizon_GP TMPresale_ModestMouse

TicketPurchase – Modest Mouse_Verizon_GP_Redacted

Thus I bought a 4 pack of these tickets. However, the exact seats are unknown until the delivery of the tickets after February 4, 2016.

In the meantime I received an order from Stubhub for 2 SW Rodeo tickets for this Saturday.

Ticket Sale

I originally purchased 32 tickets for this event on Saturday for $35.72 each in . I now have 4 tickets left for this event which will sell. (Oh, since I’ve been writing this I sold another pair so only have 2 tickets left) The order from Stubhub is roughly the same as all sales with a net of $90 a ticket. Thus the original 32 tickets cost me about $1140 and sold for about $2900 for a 152% net profit in less than 60 days.

TicketmasterRodeoOrder

The only reason I didn’t buy more tickets is because of cash restraints at the time. If I had the funds I would have bought probably 100 tickets for each Saturday evening performances – I have done this for six years now and consistently make this kind of return on it. I currently have 32 Rodeo Tickets for the last show next weekend of which I originally bought 40, Having sold 8 to date. The potential for the 4 Saturday 7:30 performance with 100 tickets each would be a cost of approximately $14,300 and revenues of $36,000.

That is the potential of the ticket business and can be consistent returns except for buying tickets that go unsold. This can happen particularly to newcomers to the business. There is a strong learning curve to the ticket business and why we recommend having a managed system for at least 6 months until familiarity with the tasks becomes second nature.

On Saturday Bruce Springsteen and his E Street Band tickets go on sale. Not sure if there is a presale as of yet.  Some of the sales have already happened and are sold out. A total of 29 stops with potential of getting 4-8 tickets for each. Cost of tickets are $69-$154 each. I just don’t have the wherewithal for that now but with the enough capital this buy campaign could easily bring in $50,000 in sales with profit of approximately $30,000 in at the most 6 months. The key to success in the ticket business is not to be too greedy. Get in and take your sales in a quick time and move on to the next event. Some people that buy Adele or Bruce Springsteen or Justin Bieber or whoever tickets want to hold out for a 500% return. They may get it but then again may not and sit on their tickets for 4-6 months and then actually sell for break even or even a loss.  Right now I have 2 pairs of Black Jacket Symphony in Lexington,KY for tomorrow evening on the aisle in the first and second row. They are very good seats and I have done well on that group before, However the tickets cost me $172 for the 4 and may end up eating them. I have them listed for $45 each now. There is another pair on Stubhub listed for $69 each.  We will know at 6 PM PST tomorrow where we stand with those.

January 29, 2016    8:59 PM

Have done about $1100 in ticket sales so far today and bought about $750 worth of tickets for Billy Bob’s in Fort Worth for show in March.  Jerry Jeff Walker, Wade Bowen and David Nail. All on first row of tables. My experience is those will all sell for about 120% profit. I’m low on cash now but getting good cash flow from the ticket business.  I have 2 Paypal accounts sent money from one Paypal to the other and then charged the 3 sets of tickets on the PayPal Debit Mastercard. The funds from sales last 2 days will be in to cover it in 2 days.