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Lifestyle & Leisure

Online marketplaces might drive ticket hawkers out of business.

Opportunities

Yet another massive potential market that is maturing thanks to the Internet. Aggregating buyers and sellers, and facilitating risk-free transactions for high-interest goods (from Mitsuko Uchida to Arsenal to Madonna) can’t go wrong. Great to set up as a targeted service on behalf of one or two major event organisers; should do well in any country where concert goers and sports fanatics enjoy sufficient online access (so make that 500 million people). Useful links http://www.ticketmaster.com http://www.stubhub.com/ http://www.tickets.com

Online marketplaces might drive hawkers out of business

In the US alone, unused (or ‘secondary’) sports/concert tickets account for an annual 12 billion USD in transactions between desperate fans and both legal and illegal owners of much-wanted ‘admit ones’. To take the hassle out of re-selling and having to deal with potentially shady characters, a number of ventures have jumped into this market, and set up online marketplaces for reselling season tickets. The services guarantee a ticket’s authenticity, and there’s no need for (unwanted) contact between buyer and seller.

Opportunities

Yet another massive potential market that is maturing thanks to the Internet. Aggregating buyers and sellers, and facilitating risk-free transactions for high-interest goods (from Mitsuko Uchida to Arsenal to Madonna) can’t go wrong. Great to set up as a targeted service on behalf of one or two major event organisers; should do well in any country where concert goers and sports fanatics enjoy sufficient online access (so make that 500 million people). Useful links http://www.ticketmaster.com http://www.stubhub.com/ http://www.tickets.com

Website: www.ticketmaster.com/, www.stubhub.com/, /www.tickets.com/

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