The Juiced Guide To Selling Tickets On Lysted

In 2024, Lysted has emerged as a prominent platform for ticket reselling, offering a unique and efficient way to sell tickets online. This guide delves into the specifics of using Lysted, providing practical tips and insights to maximize your success in the dynamic world of ticket reselling.

Getting Started on Lysted

Creating an Account and Listing Tickets

Lysted simplifies the process of selling tickets. You start by creating an account and listing your tickets. Set your price and track your sales and listings with ease. The platform automatically posts your listings to thousands of ticket resale websites, expanding your reach significantly.

Marketplaces Integration

Lysted partners with several major marketplaces including Ticketmaster, StubHub, Vivid Seats, Seatgeek, and others. This integration means your tickets are listed on multiple platforms simultaneously, greatly increasing your chances of a successful sale.

Pricing and Payment

Determining the Price

Setting a competitive price is key. Lysted offers access to an industry-leading pricing tool, UpTick, which provides market insights to aid in pricing decisions. You can opt for automated pricing or adjust prices manually.

Receiving Payment

Payments for sold tickets are processed securely through Hyperwallet, a PayPal subsidiary. You can expect to receive your funds approximately two weeks after the tickets are delivered to the buyer, with direct deposit into your bank account.

Security and Support

Transaction and Information Security

Lysted takes the security of transactions and personal data seriously. They employ industry-standard encryption and security measures, ensuring your information is protected throughout the selling process.

Support and Assistance

A dedicated support team is available to assist with any questions or concerns during the ticket-selling process. Lysted also provides comprehensive training materials and resources for easy navigation of the platform.

Fees and Charges

Fee Structure

Listing tickets on Lysted is free, with fees incurred only upon sale. These fees vary depending on where the tickets are sold, averaging around 11% of the sale price. Lysted’s own fee is 8% of the total sale, with additional fees coming from the selling marketplace. Volume discounts are available for large sellers.

Examples of Fee Calculations

For a better understanding, let’s consider a $100 ticket:

• If sold on Ticketmaster (2% marketplace fee), your payout would be around $90.16 after Lysted’s 8% fee.
• Selling the same ticket on Vivid Seats (9% marketplace fee with a 4% markup) would result in a payout of approximately $87.07.
• For a sale on SeatGeek (3% marketplace fee), the payout would be close to $89.24.

Maximizing Sales on Lysted

Listing Strategy

When listing your tickets, accuracy and detail are crucial. Lysted allows manual listing, which requires careful input of event details. Be precise with information like event name, date, seat location, and any unique features (like ‘side-view’). Disclosures are important too, so include any relevant information that affects the value or appeal of the tickets.

Adjusting to Market Dynamics

The ticket resale market is dynamic, and prices can fluctuate based on demand, event proximity, and other factors. Lysted’s integration with UpTick for pricing can be invaluable here. The tool adjusts your prices based on real-time market data, but you also have the option to manually tweak prices based on your observations and strategy.

Marketing Your Listings

While Lysted does a great job of exposing your tickets to a broad audience through its marketplace integrations, proactive marketing can further enhance your sales potential. Utilize social media platforms and online communities related to the events you’re selling tickets for. Sharing your listings in these spaces can attract more targeted buyers.

Understanding and Leveraging Volume Discounts

For high-volume sellers, Lysted offers discounts on fees. The discount structure is tiered based on annual sales volume, starting at a half million in sales. Understanding and leveraging these discounts can significantly increase your profit margins as you scale up your selling activities on Lysted.

Navigating Postponements and Cancellations

Event cancellations or postponements can be challenging. Lysted provides guidance and support in these situations, working with both buyers and sellers to find fair resolutions. Being familiar with these processes can help you handle such scenarios more effectively, maintaining your reputation as a reliable seller.

Conclusion

Selling tickets on Lysted offers a great opportunity to tap into a wide market with the convenience of a single platform. By understanding the intricacies of the platform, from listing to pricing, and by providing excellent customer service, you can successfully navigate the world of online ticket reselling