Drop ticketmaster

Hello guys I'm about to start a new website
I've got idea to start a drop tickets sale
Any course about ticket master other sources I am ready to buy thank you everyone
What do you think I'm about to start a page emails capture people interest in my niche???

There are a handful of Ticketmaster like sites that are associated with LiveNation. Allegedly, they are partnered with the artists and industry to capture 80%+ of initial ticket sales to corner the market and eventually increase price of all tickets then share the increased sales price with the artist, venues, promoters etc... Concerts sell out in minutes to professional scalping companies (Pearl Jam and others boycotted Ticketmaster) Before dropping $ do some research, there is a strong possibility, it's a rigged system. The information I'm sharing was shared with me more than 5 years ago, so it might be dated.

Not the worst idea, but a couple of issues with this.

1. You're going to be working on extremely thin margins. Whatever % you decide to add onto the ticket (after factoring in ticketmaster fees and tax), would make it far more expensive than your competitors.
2. People tend to shop around when it comes to tickets. After they see your price, they'll go right to your competitors who will have them cheaper.
3. You will get refunds/chargebacks at on point or another. It's impossible to avoid this. Now since you're already working on a small margin, that one refund, depending on the price would severely cut into your profits since your margins are razor thing anyway.
4. Again, with low margins, that means you won't be able to realistically generate any revenue from paid traffic sources, which is already dominated by your competitors.

Alternatively you could build a site to connect ticket sellers with people looking to buy and take a cut from every sale.

Thank you guys for such valuable info
How the ticket broker process I want to play it
That way

ZeroDefects said:

There are a handful of Ticketmaster like sites that are associated with LiveNation. Allegedly, they are partnered with the artists and industry to capture 80%+ of initial ticket sales to corner the market and eventually increase price of all tickets then share the increased sales price with the artist, venues, promoters etc... Concerts sell out in minutes to professional scalping companies (Pearl Jam and others boycotted Ticketmaster) Before dropping $ do some research, there is a strong possibility, it's a rigged system. The information I'm sharing was shared with me more than 5 years ago, so it might be dated.

Click to expand...

So that's how they built a monopoly, mannn that's shady haha