Sample essay on eliminating fraudulent tickets in the ticketing industry

Wednesday, 06 May 2015.

Secondary ticket markets have become popular in the modern industry. These markets include resale of tickets received officially. However, the vendor does not have an official link to the league, event, or command. The derivatives market has now grown to $10 billion-$15 billion. This market offers a wide range of opportunities and challenges to the modern industry. The League, the team, and event management can gain access to more people who buy tickets on the secondary ticket markets

However, the major problems facing these markets are affecting the whole of the betov industry. Counterfeit vouchers are an example of the problems in these markets. These vouchers affect business levels as well as events, teams, and leagues. While markets for secondary tickets provide opportunities, they also face problems that require urgent attention on the part of the various stakeholders

The issue of passport fraud affects the credibility of secondary ticket markets directly. The League’s Office, event organisers and commands are also indirectly affected, as they are necessary to address complaints that people who have acquired fraudulent tickets have been raised. The causes of this problem must therefore be addressed by secondary markets so that clients can gain trust and confidence. However, secondary ticket markets should not be removed from this business, as their activities support major markets, increasing their reach for more people. These markets also provide feedback on the productivity and cost of major markets. Secondary ticket markets also help event organizers and teams in determining ticket prices, providing market information

According to the study, the main problem is the conflict of interest between the main stakeholders. Secondary ticket markets offer a wide range of opportunities in the modern ticket industry. However, there are flaws in the market that affect the performance of the industry and other key stakeholders, including the league, the organizers of the event and the team

Ventilators and collectives are the main stakeholders who are the beneficiaries of secondary markets.  However, they also suffer more if unscrupuly methods exist in the secondary market for passports. With the help of fraudulent actions, money loses money, and the customers assume responsibility. Some fans may think that the team leadership is responsible for the fraud. This means that the image of these teams will be affected negatively

There are various methods that stakeholders can use to address this issue. For example, distributors of primary passports may have tickets that are not transferable. Thus, it will be difficult for people to pass their tickets without appropriate confirmation and authorization. Tickets must contain the identification number of the persons who buy them, as well as their full names. In addition, unique computer chips will be included, which will link passports with original buyers. If necessary, forward the passports, then the likelihood of the sale of counterfeit tickets will be reduced

Another way that teams can use to solve this problem is to develop and maintain partnerships

The final technology that can be used to solve this problem lies in the implementation of restrictions on distributors of secondary tickets. Even the organizers and organizers of the event considered such a step. This movement entails the promotion of ticket sales through the Internet to the primary ticket markets

In this industry, markets for secondary tickets are important. Their activities involve the processing of luxury suits, seasonal tickets and bonuses. These markets promote the interests of collectives by selling more tickets. Therefore, the markets for secondary tickets should not be liquid. The best solution to this problem is the partnership between passport distributors and groups.  Studies show that the markets for secondary tickets allow for the change of tickets. This means that if these markets do not exist, many tickets will be wasted. Thus, command management should be combined with the policy of identifying and eliminating distributors of forged passports. Thus, all stakeholders and industry will be satisfied

My recommendation is that the organizers of the event, the league and the team assess the role of secondary markets. They are widespread and are not needed because they offer new opportunities in the modern industry. Their operations should therefore be coordinated and monitored to reduce fraud. Licensing all distributors of a secondary passport is one way to do this by ensuring that all tickets purchased can be resold only to authorized distributors

I would also recommend that management create channels through which buyers can resell their tickets on the Internet. In this way, sellers and buyers will be better able to choose whether to sell tickets or use the services of secondary markets

What you can read next