Get All Access for $5/mo

Does anyone have any knowledge about opening an online ticket broker site?

By Brad Sugars Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

I have seen a few sites that will make the website for you. I saw that theirs is a network of ticket brokers that list their tickets on your site. I think you charge whatever you want over the ticket brokers' list price and that is your profit. Is that a good business model?

To make it very basic, you build the site, list the tickets you have for sale, (or can get to onsell) and depending on ow much people want to buy the tickets, you can determine the level or fee or price you charge for the tickets.

Not sure where you are, but some states have regulations around ticket selling and pricing, so be sure to get knowledge on where you are operating.

One last note, build a good site, but don't put your entire budget into the site, put as much as you can into Search Engine Optimization.  No use building a great site that no-one sees.

Brad Sugars is the founder and chairman of ActionCOACH. As an entrepreneur, author and business coach, he has owned and operated more than two dozen companies including his main company, ActionCOACH, which has more than 1,000 offices in 34 countries.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

Franchise

4 Things I Wish I Knew Before Starting My Franchise Journey

Discover key insights about franchise ownership by understanding these four learned lessons from a seasoned franchise owner and consultant.

Career

How to Tell You're About to Get Fired — Plus 4 'Typical' Reasons for It, From a Career Expert

Emily Levine, executive vice president of recruitment and advisory firm Career Group Companies, breaks down what you need to know.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

How to Build a Successful Startup, According to an Investor Who Made Early Bets on Twitter, Lyft, and Twitch

He's found a few patterns after nearly two decades of investing in startups.