What is arbitrage entrepreneurship?

Arbitrage refers to the process of buying something low and selling it higher at a later point in time or at a different location. Arbitrage is possible because there are inefficiencies in the marketplace. So arbitrage entrepreneurship would be simply buying existing products low and reselling them higher at a later time or different place.

This is in contrast to other types of entrepreneurship, where the entrepreneur does not simply buy low and sell high. He or she must innovate on the product or business model to make it superior before reselling it in order to be competitive.