If you’re looking to sell concert tickets, you can do so on a trusted platform that can automatically price them. One way to achieve success is to avoid setting excessively high prices, as tickets may not sell. Here are some ways to set competitive prices when reselling concert tickets:
Check Similar Events and Competitors
To have an idea of what similar events and competitors are charging, check their prices online. You can examine their landing pages to learn more about the type of tickets they’re offering, promotions, and other discounts. During this process, you may look at how other people are setting rates, whether they’re increasing them closer to the event. With this information, you can decide whether it makes sense to sell now or hold onto your tickets. If concerts are happening near you, research their prices to understand the standard rate for similar tickets.
Understand How Demand Works
Before you decide on a price, it’s beneficial to know how much fans are willing to pay for the tickets. Some shows may be in high demand, while others might not be as popular, which will affect ticket pricing. One way to gauge demand is through social media. Users tend to discuss an event more when it’s highly anticipated. On the official ticket website, you can see if the concert is sold out. If it is, the price of a ticket increases due to lower inventory. If not many people are interested in the event, you may consider a lower rate to help sell the tickets.
Use a Trusted Resale Website
Choosing the right platform to sell concert tickets helps you select better prices because it comes with automated pricing tools. Some functions may suggest suitable rates, depending on real-time demand, past sales, and competitor listings to prevent you from charging too high or too low. On some websites, you might find automatic price suggestions based on how the tickets are selling in the market. Since buyers trust these sites, it’s much easier to set a fair price and get someone to purchase your tickets. You may use filters in these sites to compare your tickets with others by seat location, delivery method, or ticket quantity.
Monitor and Change Routinely
As the show approaches or new details emerge, prices may change. You need to monitor prices to adjust them promptly. If there are additional shows, cancellations, or special guests, the price may either increase or decrease. When an artist postpones a tour, you can lower the price to sell or wait until the event gets closer. If you’ve listed your tickets on a resale platform, check the rates where they’re dropping or increasing to adjust yours accordingly. Some platforms send users notifications to inform them of new listings or updates.
Register to Sell Concert Tickets Today
Instead of guessing the right prices for concert tickets, you can register at a trusted platform to access all the pricing tools. With these functions, it’s much easier if the show is creating interest, or what others are charging. To sell concert tickets at competitive prices, sign up today with a reliable resale website.
