Wednesday, June 1, 2011

Event Tickets to dollars


Accumulating tons of extra tickets or cards from your incredibly successful bot. Turn it into cash either by selling tickets or full sets, it's easy to get some cold hard cash out of this hobby.

The usual method of extracting your profit is by selling event tickets. The in-game store charges one dollar per event ticket, plus tax where applicable, so it's not unheard for tickets to sell for over a dollar each. At the moment you can expect to easily sell tickets for 0.96 each. You can list them for sale through eBay, but it's really not necessary to subject yourself to eBay fees when selling tickets. Listing in the classifieds will get you plenty of sales, and you will already incur a fee from Paypal 2.9-3.9% plus 30 cents.

Accepting credit card payments through PayPal leaves you at risk of what is called a chargeback. By complaining to their credit card company, who in turn complains to PayPal, someone can get their money back for something they actually did receive. If you do not upgrade your basic PayPal account you will be unable to accept credit card payments, which is a wise decision. Even if it's not a credit card payment, the person can still open a dispute with PayPal. To avoid this headache, avoid selling large amounts of tickets at once unless you know the person well.

Once you have your potential customer, find out how many tickets they want and their email addresses. Send a bill to their PayPal account and wait for payment. Do not give any tickets until you have confirmed the payment is in your PayPal account. Once you've been paid, pay close attention that the correct amount of tickets is taken. Congratulations, you've just sold tickets!

Another route for getting some cash out of your bot is by selling full sets. You can either advertise them for sale in the classifieds, or redeem them and sell them through eBay. Some people have a much easier time buying cards than selling them, and if that sounds like you, redemption might be right up your alley.

One last point worth mentioning, is that you can pay for your bot rental fees either with tickets or through PayPal. The amount of funds required to pay your renting fees is much lower than the amount of funds you would get selling the amount of tickets required to make the equivalent renting fee payment. Even if you want to funnel all of your profit back into the growth of your bot, which is a good idea, you should still be selling enough tickets to pay for your renting fees rather than paying in tickets... or even paying your fees out of your personal cash.

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