732
9 min 54 sec

PE Teacher Resells Concert Tickets, Earns $12,000/Month

After selling a few tickets to concerts he couldn’t attend, this teacher found himself with a lucrative side hustle that changed his life.
Events High Profit Low Startup Potential Reselling Teacher Hustle

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What It's About

How a PE teacher flips concert tickets to the tune of $12,000/Month.

Business Model
Reselling
Skills Required
Research & Organization
Complexity
Low
Profit Potential
High

Words of Wisdom

Dan recommends keeping a ledger to track the performance of each ticket you flip. Past performance can be an indicator of future performance, and being aware of this can help minimize the risk you take when purchasing a ticket.

Fun Fact

A while back, Pearl Jam discovered that Ticketmaster was adding a service charge to all their concert tickets without informing the band. To protest, the band created their own outdoor stadiums for the fans and testified against Ticketmaster to the United States Department of Justice.

Notes from Chris

Episode 732

It was a year of change for physical education teacher, Dan. After first pursuing a career path into sports management, he’d seen the hectic lifestyle that people in the industry tended to lead. He then opted for a more stable career as an elementary school teacher.

He’d also recently broken up with his long-term girlfriend and found himself at a loose end. Thankfully, he had a good friend who was also recently single, and they ended up hanging out a lot. And one of their favorite activities was attending concerts in the Boston area.

The downside to this was Dan’s friend’s unpredictable work schedule. They would buy tickets months in advance in the hopes it would work out, but often had to resell the tickets when one or both of them couldn’t attend at the last minute.

After a few of these experiences, Dan noticed he was making a reasonable profit on the tickets he flipped. Enough, in fact, that he felt it could be a good supplement to his income. So, he decided he would intentionally flip tickets for local events to see what kind of profit he could generate.

He began by following local music venues on Twitter. Whenever they booked a new act, they would tweet about it. He’d pick up any that his intuition told him felt right, and then try to resell them.

It’s not always good to follow your intuition. Because of his gung-ho technique, Dan’s success was far from instant. There was a lot of trial and error, and he made some bad calls where he lost money. But, he enjoyed the process and felt like he was learning more and more each month, so he stuck with it.

For several years, Dan managed to grow a consistent side income from the tickets of between $500 and $1,000 per month. He believes anyone can do this and later built a resource to help people learn the basics. But, even more interestingly, it was in his fourth year that Dan would really take the process seriously and double down on his experiments.

Dan’s nationwide approach has enabled him to earn $3,000 to $5,000 during a slow month, and $10,000 to $12,000 during a busy month. All for roughly 20 hours of work each week!

He’s now created a platform where he helps teach people how to start their own ticket flipping business called, Ticket Resale Team. For $149 a month, students can get access to 30 training videos which show you the ins and outs of the business.

When he was first newly single and going to concerts with a friend, Dan had no idea that buying and selling tickets would eventually become such a major part of his life. By following up on his interest and beginning to take small risks, you could say that he’s now playing in an entirely different arena.



MENTIONED IN THIS EPISODE:

  • Ticket Resale Team: Interested in flipping tickets, but aren't feeling up to doing all of the researching involved? Head on over to Dan's website and sign up for his Ticket Resale Team!
  • TicketStub: One of the ticket platforms that Dan uses to flip the tickets he purchases

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter


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Resources

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today!

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GET YOUR FIRST 1,000 EMAIL SUBSCRIBERS

Social media is nice, but building an email list is still the single best way to get customers and clients for your hustle. It's not hard to get started—sign up for a 30-day trial and join the list-building challenge! You’ll be up and running in no time.


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Quote of the Day
"The best part of everything is when I hear members tell me that the extra money I am helping them make really has an impact on their lives."
—Dan #SideHustleSchool

Sponsors & Gratitude

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To infinity and beyond,

Chris Guillebeau