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Ticket scalping

Discussion in 'The Landfill' started by KLaw, Nov 8, 2017.

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  1. KLaw
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    KLaw Silver Contributor Speedway Pass

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    Mj stated that scalping tickets for the fastlane meet up was frowned upon. Why is that? Why is scalping illegal? Just seems like another hustle to me. Thoughts? Thanks.
     
  2. LateStarter
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    LateStarter Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    "Honor among thieves"
     
  3. KLaw
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    KLaw Silver Contributor Speedway Pass

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    How is it different then buying something off of Craigslist and flipping it?
     
  4. LateStarter
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    LateStarter Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    On Craigslist, you're not taking advantage of the people teaching you how to do it.
     
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  5. KLaw
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    KLaw Silver Contributor Speedway Pass

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    Supply / demand. Same difference.
     
  6. Thoelt53
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    Thoelt53 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    He’s preventing you from hypothetically buying two tickets @ $399 each, with no intention of attending the summit, and selling them weeks before the event for much more than you initially paid.
     
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  7. KLaw
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    KLaw Silver Contributor Speedway Pass

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    I get that. But, how is that any different than buying a lawn mower for $30 during the winter. Having no intentions of using it and selling it during the summer for $100?
     
  8. Thoelt53
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    Thoelt53 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Lawnmowers aren’t in limited supply.
     
  9. KLaw
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    KLaw Silver Contributor Speedway Pass

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    Ok. A rare painting?
     
  10. Thoelt53
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    Thoelt53 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    It boils down to your own personal values.

    It would appear MJ does not want that type of behavior occurring at his private event.

    I wouldn’t want anyone profiteering off an event I am hosting for, what is essentially, the greater good.
     
  11. KLaw
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    KLaw Silver Contributor Speedway Pass

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    Maybe. I shouldn't have used mj as an example. I just don't see any difference between scalping and flipping.
     
  12. Thoelt53
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    Thoelt53 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Scalping is akin to a “pump and dump” more so than arbitrage.
     
  13. KLaw
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    KLaw Silver Contributor Speedway Pass

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    Btw. I've never scalped a ticket. But, how is it even comparable to pump and dump?