Buying/Flipping concert tix

Does anyone else do this?  I decided to give it a try today for the first time. I bought 2 mastercard pre-sale beyonce tix for DC in the lower section (dead center - 100) for face value $253 a tix plus fees that came out to $285/tix.  I'm already seeing tix in my section selling for $365-$700 per.  Tickets open to the public on the 11th.  I'm assuming it will sell out that day or shortly thereafter.

A friend of mine said he's been doing it for a 2 years and only took a loss 1 time and has profited nearly 14k.  It almost seems too easy which makes me nervous.  I'm very confident that I'll be making at least $200/ticket.  I read an article where bieber tix with a face value of $36 were selling for $1,700.

Anyone that can share any insight about potential pitfalls or ways to maximize value---please share.  Thanks.

basically scalping, just gotta know what you're doing and be lucky.

Years ago on sites like EBay I heard when doing something like that make the sale for something meager and throw in the tickets so you can't get in trouble. Example:

How did you get in on the presale? And even so, I'd think you were lucky to get lower level center..............

I have been interested in doing this myself, but I haven't done so yet. 

Some cash to be made if you know what you're doing.............but it's tough because, even with the amex-type presales, the real seats were sold before you ever got a shot........save for ticket auctions which I think are great. 
 Need an inside line to the best shows in town, not every show in town.

I am a mastercard holder so on tickermaster I could use code "masterbey" and purchase them.  I logged in exactly at 10am and best available kept taking me to the 400 (upper-bowl) level but I randomly (well not so random as my friend who's been doing it had another friend post that she got 2 lower bowl tix on instagram - so I thought maybe I had a shot) tried again in the afternoon and the tickets I purchased were available. 

I also paid $2.50 (ebay) for the pre-sale code today that opens at 10am.  This was before I realized that mastercard had a pre-sale yesterday but may see what other tickets are available. 

Yes, yesterday - Masterbey was the code.

Today, Dazzle is the code. I think fan club members (who may pay an annual fee) get this code.  I bought mine on ebay for "best offer" $2.50.

Those questioning the legality, I'm not sure how stubhub who has 1000+ tickets above face value for this event stays in business or their sister co ebay. I will use one of the two to sell despite their fees as there are too many potential pitfalls with craigslist.

Exactly Jelax. Congrats on a nice purchase.

dl36 is a seat sniffer, when he can't get more intimate contact with his paramour or some random dude. The rest of the time he just dominates threads with inane banter.

https://www.dailyfinance.com/2011/08/11/expert-tips-on-part-time-scalping/

https://voices.yahoo.com/how-profit-selling-tickets-stubhub-1280659.html

https://www.ehow.com/how_5429097_resell-tickets-online-profit.html

https://reviews.ebay.com/Ultimate-Guide-for-Selling-Tickets-on-eBay-for-Profit

https://reviews.ebay.com/How-To-Sell-Tickets-On-Ebay-Like-A-Pro-Ticket-Broker

https://tickets.lifetips.com/cat/64914/ticket-resale-laws/index.html

I signed up for the newletters/mailing lists for a couple for local radio stations and that was the code I received last night for today's sale.  AMEX also gives out presale codes for various events

A few years ago, someone posted a site that listed presale codes -- PM me and I'll look it up in my spam acct.

Thanks, Randist.

Would be interested to see how this turns out for you as well, jelax. Please update as necessary!

HAVE FRIEND THATS ALL HE DOES YEARS AGO WHEN CONCERT WHEN ON SALE WE WAIT FOR MAYCO OR OTHER TICKET PLACE HOME HE GIVE US $$ SOME TIXS WE BUY BEFORE THEY SOLD OUT .I ONE YEAR PICKED CONCERT TOOK MY 12 YEAR OLD GIRL & BOUGHT 4 TIX 2 PER PERSON BACK THEM SOLD THEM TO TICKET MASTER AFTER I CALLED FEW PLACES MADE $225 PROFIT TAX FREE  HAVENT DONE IT SINCE SHOULD STUCK TO HIT BUY EARLY GOOD CONCERT YOU KNOW THAT WILL SEEL OUT GO TO TICKET BROKER OR SEEL ON CRAIGSLIST

Will do. 

I attempted to purchase additional tix today through the live nation pre-sale and had zero luck finding any tickets. After researching stubhub a bit more and seeing that there's a 15% fee to sell and a 10% buyer premium, I'm thinking a bit more about craigslist but only if the buyer will use paypal.  Ticketmaster allows me to transfer the tix securely so this combo could work while allowing me to maximize value.  I will try to purchase tix one more time one Monday when they are open to the general public and then I will decide how/when I'd like to sell the tickets that I have.

You have to be really careful about the chargeback attempts on Paypal/Craigs.

Scalping is when you resell tickets on the site of the venue.  If you resell them anywhere else it is not scalping and is legal.

I have a friend that has been doing this as a profession for years, that was over 10 years ago and I'm pretty sure he's still doing it.

quick update: