The word Arbitrage may be defined as "The simultaneous purchase and sale of similar commodities in different markets to take advantage of a price discrepancy."
So like traditional business, Purchasing online resources at lower price and selling them at higher price is also popular today with online earnings:
Pure arbitrage (using ppc): The technique in which a publisher buys mass amounts of traffic from various PPC platforms. The traffic is directed to a site that then serves the user a page that contains outbound links that are monetized on a CPC basis. The publisher tracks both the cost of the inbound traffic versus the income from the outbound traffic, and attempts to monetize the ’spread’ as much as possible. The classic example of this is the word “Adwords Adsense Arbitrage”in the past, where people used to buy clicks from Adwords, to some high paying niche, and used to make more money (then they used to spend Adwords) with Adsense on the site.
Affiliate arbitrage (using ppc): The technique in which a publisher buys very targeted PPC traffic focused around a theme or product. The traffic can be sent directly to an affiliate landing page or to a publisher hosted page that contains one, or several, affiliate offers.
Besides these, there are also other ideas about "arbitrage", such as link arbitrage and article arbitrage, all the same concept but different ways.
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