Originally Posted by
Tekkie88
If you bought reseller tickets that's your own fault but I think it's still very shady that they changed the terms after they found out that the tickets weren't as profitable as they predicted. For buyers that fallowed all the rules and didn't buy reseller tickets and was expecting a commission but they turned around and just said no commission after the fact is pretty bad. I get there are risk involved in buying for them but this just makes them lose credibility and I would not want to continue buying for them.
The key point I make is that this endeavor isn't risk free. I have seen this hobby grow for the last 20+ years. The growth has been exponential due to social media. Deals that we used to discuss on FT are now blasted out into bloggers and other platforms. It attracts a bunch of people who, under more stringent efforts or less visibility, would not feel comfortable or aware of opportunities like this. It also increases the number of people who don't fully appreciate the risk, or presume there's no risk involved (like the previous poster l addressed).
I'm no apologist for buying groups. They're a useful tool in the arsenal of mfr spend. It is shady for a buying group to shift terms mid-operation. But this is exactly the type of situation that can happen when working with buying groups. And the reason why someone participating should be willing to undertake the risk.
I never go into a buying group deal expecting a profit. I go into it knowing I won't immediately take a loss. I also understand that I'm exposed to potential loss, which is part of the risk assumptions I had to be content with. Those expecting no risk should not be partaking in this.