Cecilia Biemann
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Traditionally, buying tickets for concerts, sports events and theater has meant paying the set price for a given seat and show. However, newly launched website Zigabid.com is dedicated to making ticket prices negotiable by allowing ticket buyers and sellers to interact directly with each other to determine a ticket’s final selling price. The website’s process features Wall Street-style transactions, with a system of offers and counter-offers. Users are given real-time data showing fluctuations in a ticket’s trading price, which can then be used to make an offer. Buyers and sellers go through a back-and-forth haggling process before finally arriving at a selling price. It is free for both individual sellers and ticket distributors to list tickets on the site, however, for every transaction, sellers pay Zigabid a 15 percent connection fee and buyers pay 10 percent. When the deal is done, tickets are then shipped to buyers overnight, backed by Zigabid’s guarantee. Zigabid also gives a portion of each transaction back to the entertainers—or to the charity of their choice.  "Zigabid is the first service to address the inefficiencies of tickets sold in both the primary and secondary market," explains Dan Rubendall, Zigabid's founder. "Our system allows ticket distributors and resellers to strive for fair-market value for their tickets and gives buyers the opportunity to make offers based only on what they believe is the right price at any given time."
(springwise)References: zigabid, springwise Filed In: |
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