There are a few rules that you should pay close attention to if you want to make money buying and selling tickets. For a start, you will obviously do better with this if you live in a fairly large metropolitan area.

If you live in Antarctica, or somewhere equally at the back of beyond, you can see how it would be difficult to make money buying and selling tickets for popular concerts and shows from there.

You need to decide which kind of tickets will sell best. Popular entertainers are usually a good bet. Tickets for a concert featuring a band with a string of recent hits is much more likely to sell well than tickets for a concert featuring some long forgotten 60s comeback attempt.

If you live in a large town or city there may be a TicketMaster outlet where you can buy tickets. If you try to buy tickets for shows in that town or city on the day they go on sale, you will probably have to stand in line for hours, depending on the popularity of the show.

One easy way around this is to only buy tickets for shows in other big towns or cities. The chances are that there will be no one standing in line except you! For example, if you live in New York, buy tickets for shows in Chicago or Seattle. The advantage of being the only one in line means that you can usually get tickets for the first 10 rows or so, possibly even the front row itself. These are the tickets that will sell best.

Websites such as TicketMaster, LiveNation and StubHub are all good sources for buying tickets to sell again. You can buy tickets early for a show or concert and hold them in the hope that there will be people who don't buy tickets in time, and will be willing to pay more than they are worth close to the concert date. This can work, but it's a gamble, of course.

The best way to make money buying and selling tickets is to buy them during a presale. A presale is something that doesn't happen with every event, but when it does it usually takes place a few days before the tickets go on sale to the general public.

Ticket prices are usually lower in a presale as they are targeted to the die-hard fans as a kind of special concession. You may need a password for the presale, and websites such as Awesome-Tickets may be able to help you in that respect.

One other great way to make money through tickets, which doesn't actually involve buying them, but does involve selling them, is to sign up for the affiliate program of one or more of the online ticket stores. StubHub is good for this.

If you have a website, and it could be a free one on Squidoo for example, promoting tickets for a show that costs say, $200 to $300 each, you could make around $25 from each person who buys a ticket through your affiliate link. The big advantage here is that you don't have to buy the tickets first in order to sell them.