How to invest in concert tickets

The law of supply and the law of demand can be applied to whatever one person wants, and another has. The rarity of the product in question, coupled with the price that someone is willing to pay, determines the price. This is the basic principle of the stock market  — collectors’ trade  — even concert tickets. Concerts in France have a lot of potential to be sold out, especially the concerts of worldwide famous artists. You can invest in concert tickets by buying them at a lower price and then reselling them for a profit. And here’s how you can do it.

Determine your target concert

Decide which artist’s concert tickets you want to invest your money in. Many worldwide famous artists are attending shows in France and it can be a great opportunity for those who want to make a little money by reselling their concert tickets. It is necessary to find a band or singer that will surely sell its tickets, and you can find the most coveted seats. You should look for seats with good views, special permits, and VIP tickets, as these tickets will be preferable to the tickets with remote or limited visibility. Look for groups that sell fast. When Muse announced their concert in Stade de France, and the sales of the tickets started, they were sold out within a few minutes after its release. Right after that, many tickets instantly were sold on french reselling websites at a higher price. There was even a case when the VIP tickets were sold for ten thousand euros, at least ten times more than the original price.

We’ve all been there looking through the many browser windows looking for tickets to see this legendary artist, the hottest new musical, or our favorite sports team. But in the secondary markets, more and more search engine robots are coming out on top, taking over the top places, reselling them for a good profit. So whether you are interested in investing in concerts in France or just want to have a consultation with brokers to see if it is a profitable thing to do, you can always look for brokers online and have a discussion with them. It is possible to find and compare many brokering agencies online through Brokerschart. This kind of platform will allow you to compare different brokers based on their requirements, advantages, disadvantages, etc. Bitpanda, ActivTrades France, and many other brokers are listed on the website, allowing you to find the most compatible company you are looking for.

How to start

Firstly, you need to check if there are pre-sales of the tickets, as most of the time many artists have them for their fans. There are Prepaid tickets that are kept for special groups, official fun clubs, people with special cards, and VIPs. If there is a presale for the concert you want to buy the tickets to, you can join their fan clubs or apply for the special card that gives you the opportunity to get the tickets sooner and easier.

You need to have enough money to be able to buy the maximum allowed number of tickets with one purchase. Take into account that famous shows and concerts are being sold out within a few minutes, especially in Paris. So you need to be very quick and have enough money for your transaction to be processed successfully. When tickets are officially available for pre-sale, and you have the chance to get them, you need to do it immediately. Going to the ticket office and waiting in line to get your ticket will take time, and the chances are low you will be able to get the desired amount of the tickets you want. The chances are high that people who will book the tickets online will be able to buy them sooner than others. Once you succeed to get the tickets, it is time to put them on french ticket resale websites. You can find various options of websites for auctions of the tickets where you will surely find people who would want to buy the tickets from you. Find out if there are other people selling the tickets for the same concert you have got, and check for the prices they mentioned. If their prices are lower than yours, it is recommended to have the best price in the market. If you want your tickets to be sold faster you can lower prices. However, check if your income will be profitable from that. If you see that there is an increase in demand, certainly raise your prices as people will buy the tickets at any cost.

Sell tickets and reinvest profits. Many people buy tickets internationally, and they get them through email. Thus, the shipping cost for the buyer is practically zero. And if you sell your tickets through french resale or auction websites, you will surely have to give them a percentage of your sales since they are giving you the privilege of selling the tickets through their platform. This is a common thing for all reselling websites. And once everything is over, and you see that you have made a profit out of it, you will surely think about investing in concert tickets again for many other shows.