The Secondary Event Ticket Market – by Michael Merten

February 17, 2011 by Chair Hire Birmingham
Filed under event hire

The Internet has become a major playing field for buyers and sellers of event tickets in the extremely competitive $10-$12 billion event ticket market — particularly for sold-out sports games and very popular music concerts and plays. Called the secondary event ticket market, this is the part of the event ticket market that includes tickets bought by professional brokers as well as extras that season ticket holders can’t use. People estimate the size of the secondary event ticket market to be at about $2 billion although the estimates of its size vary widely.
A huge market with tons of small players, the pre-Internet event ticket market was a perfect match for the Internet around 1999, and as we fast-forward to 2006, hundreds mom-and-pop electronic storefronts, auction-based websites and online destinations now resell secondary event tickets. While many of these are smalltime operators, a few major players also exist. As one would expect, eBay members are also in on the act and in a big way. In fact the biggest players of all in the secondary event ticket market are the members of eBay, which as a group sell more than $300 million in event tickets annually and boast by far the biggest community of buyers and sellers.
But members of eBay also offer the biggest potential for fraud. Like everything else sold on eBay, stories abound of people getting ripped off by buying fake event tickets. Although buyers can check out how others have rated a given seller, eBay is largely operated on an honor system and offers fertile ground for fraud.
To work around this event ticket fraud problem, some secondary event ticket sellers offer 100% guarantees. If you get a bad ticket, they replace it for free. Other secondary event ticket sellers take possession of the event tickets and verify them before listing the event tickets as being available for sale.
Online event ticket sales are growing as consumers become more comfortable shopping on the Internet. One source estimates that online event ticket sales will grow by 27 percent this year.
Even professional sports teams are involved in the secondary event ticket market. The demand for Chicago Cubs tickets is so high that the team set up their own secondary event ticket market with a team-owned ticket broker.
Reselling event tickets, otherwise known as “scalping,” is not against the law. Selling event tickets, however, is often against the law where the event tickets are sold in the immediate vicinity of an event.
Thirty-eight states, including California, have no meaningful restrictions on the resale of event tickets. In twelve states, the resale of event tickets is regulated. In about half those states, ticket brokers who take inventory must register with the state. In the remaining six states, event tickets cannot be resold above a maximum price premium. In these states a broker might be allowed to charge 20 percent more than the event ticket’s face value at a maximum.

Michael Merten is an Internet marketing specialist who also works as an event ticket broker on the side. He sells tickets to popular, upcoming events through the Rock Concerts and Events Blog and the Pop Concerts and Tickets Blog that features news, reviews and tickets to upcoming rock concert events.

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Tags: Buyers And Sellers, Ebay, Ebay Members, Electronic Storefronts, Event Ticket Sales, Fertile Ground, Fraud Problem, Honor System, Huge Market, Internet Event, Merten, Music Concerts, Perfect Match, Popular Music, Professional Brokers, Season Ticket Holders, Shopping On The Internet, Sports Games, Ticket Market, Ticket Sellers

BarStoolsandChairs Now a Top Rated Seller and Bronze Star PowerSeller on eBay

January 24, 2011 by Chair Hire Birmingham
Filed under furniture

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BarStoolsandChairs Now a Top Rated Seller and Bronze Star PowerSeller on eBay

Retro Cowboy Stool

(PRWEB) December 15, 2010

Bar Stools and Chairs LLC is proud to announce that its eBay store BarStoolsandChairs was recently named a Bronze Star PowerSeller, as well as a Top Rated seller on the ecommerce site. Online since 2007, BarStoolsandChairs has established itself as one of the Webs leading providers of high quality commercial bar furniture, an achievement affirmed by the stores recent recognition by eBay.

To be recognized by eBay as a PowerSeller and Top Rated seller, an eBay store must meet a number of requirements, including a minimum sales volume and a 98 percent positive feedback rating over the past 12 months. BarStoolsandChairs met and exceeded these requirements, as it currently features a 100 percent positive feedback rating from buyers since inception.

We at Bar Stools and Chairs LLC are thrilled that BarStoolsandChairs is now recognized as both a Bronze Star PowerSeller and Top Seller on eBay, says Michael Weisbaum of Bar Stools and Chairs LLC. This recognition is proof of the quality of service and products that BarStoolsandChairs provides to every customer.

Bar Stools and Chairs provides commercial quality furniture through its eBay store, Amazon Store, and two retail websites, http://www.barstoolsandchairs.com and http://www.budgetbarstools.com. All furniture is built to last, and made by manufacturers with proven reputations in the hospitality field. The company specializes in custom upholstered commercial furniture, with more than 70 different vinyl patterns on stock and with access to thousands more, including favorites such as Cracked Ice and Naugahyde’s Zodiac Retro Vinyl. Bar Stools and Chairs can even use a customers own material to upholster any bar stool or chair. This range of options means Bar Stools and Chairs can supply the perfect product for any restaurant, bar, kitchen, club, hotel or home.

In addition to its product variety, Bar Stools and Chairs offers highly reasonable shipping rates and low everyday pricing on every bar stool and chair it sells. According to Michael, We search the Internet daily to make sure our furniture is the least expensive online. If you can find one of our products for less elsewhere, just contact us and we’ll beat it.

For more information about Bar Stools and Chairs or for help selecting the right product for your specific location or use, contact the company at sales(at)barstoolsandchairs(dot)com. To find the perfect bar stool or chair today, visit the companys web site at http://www.BarStoolsandChairs.com.

Contact:

Michael Weisbaum

800-929-5792

sales(at)barstoolsandchairs(dot)com

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