Mike makes $180k-1M a year by owning NFL season tickets on the side?
The 50-80% profit margin play that sports fanatics are going to LOVE.
We have a Contrarian Thinking member in FB group (shameless plug join!) who shared this lil diddy on big $ w/ tix.
Thread:
The 50-80% profit margin play that sports fanatics are going to LOVE.
We have a Contrarian Thinking member in FB group (shameless plug join!) who shared this lil diddy on big $ w/ tix.
Thread:
Mike is a college dropout, now a SVP at a Fortune 25 Co.
But he hasn't forgotten the hustle... not about that one-income game.
SO: 7 Figures in revenue all started w/ a Bull....
But he hasn't forgotten the hustle... not about that one-income game.
SO: 7 Figures in revenue all started w/ a Bull....
Michael Jordan was retiring and going to play against the Hornets.
- Mike's wife, wanted to go (duh)... but the tickets were ridiculous.
- $1k each (aka NFT level prices)
- but ya know happy wife happy life
- so he said bye to 2 weeks salary
- Mike's wife, wanted to go (duh)... but the tickets were ridiculous.
- $1k each (aka NFT level prices)
- but ya know happy wife happy life
- so he said bye to 2 weeks salary
When the tickets arrived...
The face value was $22 each (very sad face)
To which he said, "I need to get a piece of this!"
As @Jason says... lil beak wetting please
The face value was $22 each (very sad face)
To which he said, "I need to get a piece of this!"
As @Jason says... lil beak wetting please
So he & his wifey started working for brokers “pulling tickets.”
WTF is that?
Brokers send a weekly list of what they want that is going on sale.
If you buy them they will immediately pay you a commission.
(Imagine getting a bot on that).
WTF is that?
Brokers send a weekly list of what they want that is going on sale.
If you buy them they will immediately pay you a commission.
(Imagine getting a bot on that).
They kept a spreadsheet to learn what events were marketable, what sections & games. Started small, then grew.
- I imagine it like a more closed-loop stock market.
- Less players more fatty margin.
- I imagine it like a more closed-loop stock market.
- Less players more fatty margin.
After a few months of making others rich, they bought their 1st NFL season tickets.
Why sports? Why NFL?
There is skill to predicting concerts. You can grab great tix & an artist can add a show, making your tix worthless.
Why sports? Why NFL?
There is skill to predicting concerts. You can grab great tix & an artist can add a show, making your tix worthless.
2 Reasons:
1) NFL is insanely popular vs other big sports.
- despite the recent political drama
- 7 of top 10 telecasts of 2020 are NFL
1) NFL is insanely popular vs other big sports.
- despite the recent political drama
- 7 of top 10 telecasts of 2020 are NFL
2) Tick-flipping is based on scarcity.
- Only 8 home games per year for NFL.
- Compare to baseball w/ 81 games!
- Less games, bigger rivalries, huge stars, all contribute to better ROI.
- Only 8 home games per year for NFL.
- Compare to baseball w/ 81 games!
- Less games, bigger rivalries, huge stars, all contribute to better ROI.
How do they sell the tix?
- 100% StubHub
- fees are low, and it is so easy.
- they don’t ever talk to customers (how do I get in this biz 😭).
No charge backs.
No advertising.
No shipping. It's electronic b*tches.
Pay comes 3 days later.
- 100% StubHub
- fees are low, and it is so easy.
- they don’t ever talk to customers (how do I get in this biz 😭).
No charge backs.
No advertising.
No shipping. It's electronic b*tches.
Pay comes 3 days later.
The kicker --> how much time he spends...
- 5 hours a week between August to January. (I spent more on this GD thread)
- It can be done anywhere with a laptop.
- 5 hours a week between August to January. (I spent more on this GD thread)
- It can be done anywhere with a laptop.
Let's talk MONEY: ($180k - $1M+ profits)
Mike uses the word portfolio. Why?
- He now has 30 teams and many seats per teams (ahem 1000+)
- 90% of years ALL 30 teams make $$.
- In 1-year, 2 teams lost money (aka 2020).
Each year since da Bulls, he's finished w/ 50-80% margins
Mike uses the word portfolio. Why?
- He now has 30 teams and many seats per teams (ahem 1000+)
- 90% of years ALL 30 teams make $$.
- In 1-year, 2 teams lost money (aka 2020).
Each year since da Bulls, he's finished w/ 50-80% margins
A BREAKDOWN:
- NFL Average season ticket cost is $1900.
- 50% margin is $950. So he makes $950-$1520 for every $ spent.
- So every 100,000 in tickets brings back 150-180k.
- NFL Average season ticket cost is $1900.
- 50% margin is $950. So he makes $950-$1520 for every $ spent.
- So every 100,000 in tickets brings back 150-180k.
Cons:
Can it scale? - Kind of, but getting season tickets is harder than it sounds.
Cash - Ya gotta pay in advance for the tix.
Can it scale? - Kind of, but getting season tickets is harder than it sounds.
Cash - Ya gotta pay in advance for the tix.
The Play:
- Target actual season ticket holders and try to purchase their seasons ticket rights or games they don’t use.
- Target actual season ticket holders and try to purchase their seasons ticket rights or games they don’t use.
CRAZY:
- So you pay out in full by March-May.
- You lose scary amounts of $ on the two preseason games each year.
- "Been doing this for 2 decades and I still can’t look at the financials during preseason as we are losing 5 digits per weekend."
- So you pay out in full by March-May.
- You lose scary amounts of $ on the two preseason games each year.
- "Been doing this for 2 decades and I still can’t look at the financials during preseason as we are losing 5 digits per weekend."
Fun facts:
- Deal exclusively in season tickets.
- Some teams charge simply for the tickets.
- Others have seat licenses. A seat license is a fee paid to “own” rights to then buy the tickets annually. Fairly brilliant for the NFL - not brilliant for your pocketbook.
- Deal exclusively in season tickets.
- Some teams charge simply for the tickets.
- Others have seat licenses. A seat license is a fee paid to “own” rights to then buy the tickets annually. Fairly brilliant for the NFL - not brilliant for your pocketbook.
Licensing:
- the Bears have two types of season tickets.
- One has no license which means you can’t sell your rights or leave in a will.
- Other that does have a license, means you can sell rights or leave to ur degenerate beer drinking Chicagoan kids.😜
- the Bears have two types of season tickets.
- One has no license which means you can’t sell your rights or leave in a will.
- Other that does have a license, means you can sell rights or leave to ur degenerate beer drinking Chicagoan kids.😜
You don't have to play the game to make 7 figs on sports.
IF you like this... hit that signup button baby. More Contrarian Cashflow goodness coming at ya.
IF you like this... hit that signup button baby. More Contrarian Cashflow goodness coming at ya.
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