The live entertainment and family attraction industry continues to enjoy robust growth, however with increasingly busy schedules a large number of tickets to these events remain unutilized (even though they may have been sold). Also, due to growing demand, tickets to a large number of events are sold out in advance and buyers trying to purchase tickets at the last minute find difficulty in doing so. The financial loss associated with non-utilization of tickets (for both the ticket owner and event organizer) can be material, especially for mega-events.
Bazoot cuts through generic platforms to create an exclusive and specific dynamic marketplace that allows users to sell and/or buy unused tickets by reaching out to a large community of interested parties and transact in a secure manner that protects the interests of both buyers and sellers.
Bazoot incorporates a large number of process and business innovations in order to address key requirements for users – (1) Maximizing probability of sale in a timely manner (2) convenience (3) security against fraud and (4) Privacy protection.
In addition, Bazoot provides a forum for event organizers and recreational service providers (e.g. music lessons, sports lessons etc.) to list their events/services and interact with a large user base in an extremely cost-effective manner.
Bazoot ultimately aspires to leverage on technology to create an active eco-system around events and recreational activities.