They're probably paying a hefty licensing fee to be an "official partner"

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Dec 14, 2024
1:23:29pm

HuskerFan2 Known to cause cancer in CA

They're probably paying a hefty licensing fee to be an "official partner"

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HuskerFan2

Bio page: HuskerFan2
Joined: Jul 17, 2002
Last login: Dec 14, 2024
Total posts: 54,671 (3,312 FO)

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Messages

Author

Time

Here’s a $$$ business idea. Start a ticket company that works well operationally & doesn’t charge insane fees. Then

RdF3 Inactive user

11:10am

Since everything is digital…how much overhead is there?

Borg

11:13am

I'm guessing CC transaction fees, fraud detection/prevention and fraud loss...

HuskerFan2

11:18am

Yup. I'd bet most of their employees are dealing with tech/fraud customer service issues.

HarlemCoug

11:35am

Just got tickets for the BYU-Cinci game. SeatGeek charged $20/ticket… in fees.

ldssdl

11:17am

Yeah and didn’t they charge the seller to sell them too??

RdF3

11:19am

yes - most likely the seller paid between 10 and 15% to sell. All ticket brokers take double fees.

HarlemCoug

11:36am

Then cash out by selling to the established ticket vendors.

TeeKaa

11:17am

My million dollar ticketing idea is kinda have a Costco of ticketing apps. Charge $250ish a year for a membership

cougarfanatic

11:17am

<< Deleted >>

El Careeb

11:19am

You know nothing of their expenses when it comes to guaranteeing tickets and

Chasicle

11:20am

That is correct. I know nothing of it.

RdF3

11:38am

It sounds like figuring out how to PREVENT that is the million dollar idea…

Yucatan

11:45am

I think the teams get a cut of the fees from their preferred resale partner

11:26am

BYU claims they don't profit share with Seatgeek.

HarlemCoug

11:36am

While that may be technically true, Seatgeek is somehow compensating BYU

12:50pm

They're probably paying a hefty licensing fee to be an "official partner"

HuskerFan2

1:23pm

I actually don't think their fees are all that insane. There's plenty of competition in the

Skeptical Optimist

11:26am

I've seen fees near 50% on Seatgeek. I hope BYU dumps them.

HarlemCoug

11:38am

I thought TM was bad (and they are) until I saw SG fees.

timpjynx

12:02pm

TickPick and Megaseats have no fees...selection is the issue there

Don_Juan_El_Guapo

11:32am

Then move onto airline tickets

ABCoug

1:20pm

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