1. Ticket brokers
Sell tickets for performances and concerts, either by reselling them directly to the venue or by purchasing them yourself and reselling them at a higher price closer to the event. It’s crucial to be aware that reselling tickets to sporting events is prohibited absent express authorization from the relevant sporting club or organisation. Reselling tickets for other events, such as concerts and gigs, is, however, completely legal.
The days of ticket touts on the street are largely gone because most resale now takes place online. You must register for an account on Viagogo, Biletto, and other secondary ticket marketplace websites before you can proceed. It will take a lot of tickets to make this business profitable, so you’ll need to have enough cash on hand to buy a lot of tickets and hold them until you can resell them at a profit. If an event is well-attended or sold out, secondary ticket sellers can earn a profit margin of anywhere between 30 and 500 percent (particularly festival tickets sell close to the event opening time for a high return).
From here, you can either manually purchase event tickets or do so by using software (many sites crash due to certain demand for tickets, so being quick to buy is critical). You must be knowledgeable about which events to purchase tickets for and when to sell them in order to ensure a profit if you want to be successful in this industry.
Webinars are live video presentations where experts discuss a particular subject and the audience can participate and ask questions. Webinars have gained enormous popularity in recent years, especially in the fields of technology, marketing, and finance. In essence, they are a type of online training (complex subjects and products). A great way to market goods and services is through webinars.
You must choose the webinar software you’ll employ before you can begin constructing a webinar business. In order to attract participants to your webinar, you’ll also need to have expertise in a well-liked niche, prepare course or programme materials, and have enough reach through paid advertising or other established marketing channels.
Webinars are typically used to establish you as a thought leader in a particular field, after which you can monetize by offering your services directly (consulting, educational courses), as well as through affiliate marketing. A relevant accounting software package might be promoted alongside a webinar on small business accounts, for instance.
3. Domains To Buy And Sell
A domain name is a name for a website (i.e. entrepreneurhandbook.co.uk). Since the beginning of the internet, savvy domain buyers have made a killing by purchasing popular term top-level domains (.com,.net, and org are a few examples) and later reselling them for a profit (i.e. cars.com). It’s significant to note that there is a demand for popular country-level domain specialisation (.co.uk, .US, .IO are all popular).
In light of the recent proliferation of new top-level domains (.inc,.dev, and.is, to name a few), there is now an increased opportunity to buy well-known common term domains and subsequently resell them for a profit.
This business requires no startup costs; all you need is access to a computer and plenty of time to look for, find, and buy domain names. You’ll need to create multiple accounts at domain name registrars and auction sites (Namecheap, SEDO, Godaddy, etc.) in order to find and buy domains in order to get started. The next step is to look for newly registered domains or those that are about to expire and that you think can be sold for a profit (you’d be surprised at how many domains are lost because people forget to renew a domain). If you think you can make a profit, you can also use auctions to buy domains for a fair price and resell them later.
The next step is to sell your domains to buyers. For instance, if you purchased the domain name creative.com, you might contact a list of potential buyers in the digital creative sector to offer them the domain directly or to inform them of the dates and specifics of an upcoming auction.
Be aware that even if the domain name is available, buying it up could subject you to being forced to sell it to the trademark owner for little to nothing if they so choose (depending on the legal jurisdiction).
Variations of trademark terms or names can also be forced sold in this way and are occasionally prohibited from being bought. These domains are typically purchased with the expectation that they will either misrepresent a different company as the same brand or attract traffic from popular domain name misspellings. You can make a lot of money by spotting a popular domain and purchasing it for a low cost. Good luck with your domain searches!