Ticket Reselling: Maximizing Opportunities

Ticket Reselling Platforms

In Europe, one popular ticket reselling platform is Viagogo. Viagogo is a secondary ticket marketplace where individuals can buy and sell tickets for various events. It provides a platform for ticket holders to list their tickets for sale at their desired prices. As a buyer, you can find a wide range of tickets for sold-out or high-demand events.

In the United States, Lysted is a well-known ticket resale platform. Lysted allows individuals to list and purchase tickets for a variety of events, providing a marketplace for buyers and sellers to connect.

Cross-Border Reselling

One advantage of ticket reselling is the opportunity to sell tickets across borders. If you're a European citizen, you can sell tickets to events happening in the United States through platforms like Viagogo or Lysted. Similarly, if you're a U.S. citizen, you can sell tickets to events in Europe. The cross-border nature of ticket reselling provides flexibility and opportunities for buyers and sellers around the globe.

Legislation and Regulations

It's important to be aware of the legislation and regulations surrounding ticket reselling, as they can vary between countries. Here are a few key points:

Europe:

• Consumer Protection Laws: In many European countries, consumer protection laws apply to ticket reselling. These laws often require sellers to disclose certain information about the tickets they are selling, such as the original face value and any restrictions or conditions attached to the tickets. You can refer to the European Consumer Centre Network for more information on consumer rights and regulations in different European countries.

• Speculative Selling: Some European countries have implemented laws to prevent speculative selling, where tickets are resold before the primary sale has taken place. For example, in the UK, the Consumer Rights Act 2015 prohibits the resale of tickets using automated software (known as "ticket bots"). Familiarize yourself with the specific regulations in your country to ensure compliance.

United States:

• State Laws: Ticket resale laws in the United States vary by state. Some states have specific regulations on ticket resale, including restrictions on resale prices or requirements for ticket resellers to obtain licenses. For example, in New York, ticket resellers must have a valid license from the Department of State. You can refer to the National Conference of State Legislatures for an overview of ticket resale laws by state.

• Event-Specific Policies: Certain events or venues may have their own policies on ticket resale. It's important to check the event's terms and conditions or the venue's website for any restrictions or guidelines. For example, some artists or sports teams may implement measures to prevent ticket scalping or restrict the transferability of tickets.

Responsible Reselling Practices

While ticket reselling can be a legitimate practice, it's essential to engage in responsible reselling. Here are some guidelines to follow:

• Honest Representation: Provide accurate and transparent information about the tickets you are selling, including their face value, seat location, and any restrictions.

• Fair Pricing: Price your tickets reasonably and avoid excessive markups that could take advantage of buyers. Consider factors such as demand, availability, and market trends when determining the selling price.

• Compliance with Laws: Familiarize yourself with the relevant legislation and regulations in your country or region and ensure that your reselling activities are in accordance with them.

Always remember to check the terms and conditions of the ticket reselling platforms and any event-specific guidelines to ensure compliance with their policies.