If you go to shows or other events with any sort of regularity, eventually, there will come a time when an emergency comes up and you can’t make it to the event that you had already bought tickets to. No one wants this to happen, but unfortunately, it will from time to time. Knowing what to do when this happens to you will not only help you to save money, but it will save you a lot of stress.

A Key to Selling TicketsYou have a few options, but going through a ticket site is the safest and most surefire way to not only get your tickets to someone who can use them, but prevent you from losing the money that put into the tickets in the first place. In some cases, you might even make a profit off of your tickets.

How do you do this? First, go to your ticket site of choice. There will be a tab that says “Sell Tickets,” or something similar. From here, things are pretty self-explanatory. Tell what the tickets are for, what seating area they are located in, and how much you want to sell them for. Most sites will let you create your own price, which is really nice if you want to try to recoup your losses. Let’s say you spent $100 per ticket on four tickets, for $400 total. If you wanted to try and make sure you didn’t lose money on them, you should list them for a bit higher than $100 each as the ticket sites will charge you a commission on your sales. If you list the four tickets at $100 each, instead of getting $400 back to you when they sell, you will get around $360, as 10 percent is the typical industry standard for commission.

If you want to charge more per ticket to try and make a big profit off of them, you can. But you need to be prepared. The marketplace is pretty efficient, and if you make your asking price too high, they simply won’t sell. Finding a happy medium when it comes to price will be your best choice. This will keep you active in comparison to all the other people selling tickets out there, and it will ensure that your tickets sell much faster. After all, selling your tickets at an average price is far better than not selling them at all and losing all of that money.

Once your tickets are listed, the next step is to sit back and wait. If you have digital tickets, you need to upload them to the site, and when they sell the buyer can download them upon the finalization of their payment. If you have physical tickets, then you will receive a confirmation that your tickets have been sold. Confirm that you have them, and then ship them out in the way that you are instructed to. Once there is a confirmation on the other end of things that they’ve received the tickets, then the site can start processing your payment.

You can get paid in a few different ways for selling your tickets, but the two most popular ways are through PayPal and by a check. PayPal is usually the fastest way of getting paid since it is all electronic. Turnaround for this is about five days. Checks can take up to 14 days before they arrive in your mailbox.

Selling tickets is really easy thanks to state of the art technology and tools that the ticket sites use, and if you find yourself with spare tickets, this is a great way to get your money back and make sure someone else can enjoy the event that you originally wanted to.