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What's the deal with airfare prices? Over the past two years, ticket prices have declined by 3%, while passengers are slammed with checked bag fees (on every major airline except for Southwest, who offers 2 free checked bags) and shrinking legroom (by an order nearly 4 inches over the past few decades), all at the expense of airlines cramming more seats on aircraft for more profits. In short, at the end of the day, the passenger is getting the short end.
Aim to buy higher quality tickets. Unlike selling online, you are probably not going to be able to sell to a large amount of buyers while scalping in person. Realistically, a dedicated scalper may only sell to a few parties in one night, so it's important to make those sales count with higher quality tickets. Buy your tickets early, and make sure the tickets themselves are part of a tier that's bound to sell out fast.
Take advantage of presales. Presales allow select consumers (such as members of a fan club or people who carry a certain credit card) to buy tickets—usually by using a special password on the ticket sales website—before they’re offered to the general public. You can also get passwords and alerts to presales free of charge at ticketcrusader.com or by paying a small fee at presalepasswordinfo.com. Watch for credit card promotions, too. American Express, Visa Signature, and MasterCard offer some cardholders first dibs, preferred seats and unique access, and discounts to various events.
“I always set alarms on Skyscanner to places where I need or want to visit in the near future. It lets me know when prices go down, so I can take advantage of great deals and save money on flights. It also lets me know when prices go up, so I can either catch them before they increase any further or put that trip on the back-burner for now.” —Inma Gregario, 34, a travel blogger who takes at least one trip a month
Track your profits. While scalping tickets in person tends to be a casual affair, purchasing and reselling tickets online for profit is more of a business than anything. Because the logistics are easier, you can think more about it in terms of supply-and-demand, market value and probability. With that in mind, keeping a spreadsheet of your profits and losses is essential for success in the long run.
8. Look for presales: While Ticketmaster and the aforementioned sites will be your main sources for buying tickets, any serious scalper should try to get in on presales through fan clubs, credit card perks, radio promotions and venues' VIP lists, one site called ticketbrokerjob.info advises. But you'll need the passwords. Services such as presalepassword.net ($19.95 a month) promise to get you those passwords on a regular basis.
When you finally make a deal with someone to sell them tickets, I prefer to make the transaction electronically if possible (they pay via PayPal, you send the tickets via email). But, if you must “meet up,” be sure to do it in a public place for your safety and theirs. If they can come to your place of business, that will often give them comfort, and make it even easier for you.
Many airline websites allow customers to purchase one fare and "up fare" the purchase to a higher fare by the calling the Web Services phone number for that airline. This allows travelers to avoid penalties incurred by booking the ticket through a reservation agent while also giving them credit for any "online booking mileage bonus points" the airline may be offering.
If you wait until the last minute to book, airfare can be outrageously expensive. You might be able to save up to 60% by booking a Priceline Express Deal. You won't know the exact the flight times or carrier, but, if there are only a few available flights, you might be able to make an educated guess based on the travel windows Priceline provides before you book.
As with many companies, sales reps and executives are their most frequent travelers. Many times a sales rep will know exactly when they are leaving on a trip but are uncertain as to when they will actually return and have a need for an open-ended ticket. This means the purchase of a full fare ticket or at the very least, changing an existing ticket with a penalty of $75 or more. Each fare bucket offered by an airline comes with its own set of restrictions and many times purchasing a ticket that is not the lowest fare available (but not full fare), will allow flight changes without penalty and provide maximum frequent flyer points.
Hi, Great article. A question please. We are planning on going to Orlando from the Uk on the 20th October 2017 for 2 weeks (3 adults and 1 child). I have booked the flights out already to Miami for £759 for all of us from Manchester airport which is a great deal with Thomas Cook Airlines, then will drive to Orlando, but the return flights aren’t out yet. However the return flights are from Orlando International airport to Manchester are out for £1800. Which would mean we wouldn’t have the drive back to Miami. Should I wait for the return flights back from Miami to come out and risk the other going up or do you think the £1800 might go down in price? Thanks, Nicki Johnson
So I began the slow grind of making a living from selling tickets on the internet. For years my only purchases were concert tickets, and there is no secret to getting concert tickets even though many people think that all ticket brokers have some kind of inside connection. To get good concert ticket you would have to figure out the event onsale time, and ideally the first presale time and buy the tickets the second they went onsale. I became an expert on how to buy tickets online for all sorts of concerts. The only problem with this is that you had to be near a computer at a specific time nearly everyday to buy these tickets, and I did not feel great about competing for tickets with the common fan and then marking them up and selling them to them 10 minutes after the Ticketmaster sale. I felt there had to be a better way to make a living from being a ticket broker and that is when I stumbled upon the world of sports tickets, and oh what a glorious world.
It may be cheaper to fly out on one airline and back on another using one-way fares, and OTAs such as Expedia and Priceline are a good place to find out. They also sell air plus hotel packages that usually cost less than buying separately and they sometimes have fares that are much lower than the same flights and dates sold directly by the airline sites (I recently saw fares on Priceline to South Africa on Dutch airline KLM that were hundreds less than if bought on KLM.com and fares on Delta to Italy that were much cheaper on Expedia than on Delta.com).
It is almost impossible for anyone involved in currency trading to have not heard of scalping indicators. But, if you are new to trading, scalping is a trading style that focuses on creating profits on very small price changes. Positions are entered and exited within a short time duration, which can be within minutes. This post is going to assume you already have an understanding of scalping and will focus on some of the indicators you could use to form a simple and successful scalping strategy.
Rarely ever do airline tickets get cheaper as your departure date approaches, especially if you need to fly on a certain date. Budget airlines typically offer low rates as a baseline price, and as these tickets sell, the remaining ones increase in cost. This is very typical in Europe and Australia. If you know when and where you’re going, don’t wait on an unknown sale. More often than not, your biggest savings come from booking far ahead when you can.
Remember that it’s all in the timing. SeatGeek’s Flaherty said that no matter the event, a better deal is likely to emerge the longer you delay your purchase (see “Patience Pays Off,” below). Optimally, the time to act is within 48 hours of showtime, according to SeatGeek’s statistics. “Tickets are perishable goods,” Flaherty explained. “On the resale market, the price typically decreases the closer you get to the event, though you might lose some flexibility, like the ability to get five seats together.”
The single best way to know a good deal is to periodically search a specific route, getting a feel for what a readily, widely available price often looks like. By putting in this little bit of legwork, you'll recognize an excellent fare when one (inevitably) pops up. Many deals last fewer than 24 hours, so booking quickly is essential. Be that annoying friend who calls persistently until someone can confirm their dates and get it booked—you may never see a fare that low again.
Timing is everything. You may be tempted to wait for the weekend to sit down and book your dream getaway, but experts say that flight prices are actually lowest on Tuesday afternoons when all the major airlines post their pricing updates for the coming week and before they can edit them to match their competitors rates. A tool like Google Flights and their price tracker can help greatly when searching prices on Tuesday afternoons!
To help, the CAA (Civil Aviation Authority) website has a useful airline charges comparison table which shows extra fees for a host of big airlines, as well as luggage allowances, seat selection charges and even whether a meal's included with your ticket. While you should always double-check these with the airline before you book, it's handy to see the real cost of your ticket so you can make a more accurate comparison.
As an industry leader, with access to nearly limitless data, Ticketmaster can determine fairly precisely just how much fans are willing to pay for every kind of show. Generally speaking, Smith says, artists who charged a lot more for the best 1,000 or so seats would reduce the incentive for scalpers to buy these tickets; it would also allow artists to charge even less for the rest of the seats in the house. Kid Rock told me that on his forthcoming tour, he is planning on charging a lot more than usual for “platinum seating” so that all other seats — including those in the first two rows — can be around $20. “It’s a smart thing for me to do,” he said. “We’re going to make money; I’m going to make money. I want to prove there is a better way to do this.”
Sometimes the best bargains are made through the traveler's own improvisation. The budget airlines in Southeast Asia and Europe are famously cheap, but Americans can only rarely directly connect to them through major airline flights through the United States, as the budget airlines often operate at secondary airports that are rarely serviced by major airlines. Accessing those cheap flights requires some improvisation, such as transferring from London's Gatwick or Heathrow to Stansted. However, when doing this, it is important to factor all costs into the bill. Budget airlines like Ryanair are notorious for their nickel-and-dime approach to fees, and those airport-to-airport buses and trains aren't free. Also, the hassle of switching airports might not be worth it for travelers encumbered with heavy luggage. This strategy works, but it requires thorough research and careful consideration.
7. Research the going ticket rates: It's kind of like telling a student to brush up on reading and math. But Menard and others believe this advice is worth repeating. Study the secondary platforms where you'll buy and sell your tickets -- StubHub, eBay,Craigslist, RazorGator and the like. You need to know the ceiling and floor prices. They're the basis for doing solid business in cyberspace and in the parking lot. Clark Howard, author of Living Large in Lean Times (Avery Penguin $18), recommends SeatGeek.com, a one-stop shop to help buyers compare different vendors. While it's targeted at buyers, scalpers also can benefit from the information.
Knowing which tickets will sell out is exactly what we do here at ticketflipping. We look at hundreds of shows to select which will most likely sell out. By understanding the ticket scalping economics, we examine each shows popularity, venues capacity, location, etc... There are hundreds of factors which can influence how much a show will sell out and how much the tickets will increase in price. If you want to learn how select these tickets check out these 4 training videos which explain the overall ticket scalping economics.