Did you know that thousands of people are making a living with eBay stores? And no, this isn’t some new feature offered by the auction giant, it’s an easy avenue that smart folks have realized can create them a small fortune.

Basically, arbitrage eBay is the process of buying an item for sale and then resell it and make a profit in the process. It’s something that can be used when a product is in demand by two markets and a price discrepancy exists between those two markets.

The basic definition of what arbitrage is is that there is a way to order at a small price and sell for a profit. It’s a term which is usually used in financial markets taking advantage of shares and currency exchanges. But what does this all have to do with eBay?

In auction terms, arbitrage eBay occurs when a seller lists something in the wrong category, misspells a word or provides an inadequate description for the good they are selling. Because most eBay shoppers simply search for items using a text search, rather than a category search, quite often these wrong listings completely miss a vast majority of the audience they were intended for.

Because of the vast amount of offers that are on eBay at any one time, and the amount of new offers which are active, there are countless opportunities for arbitrage eBay seekers – however there is one area which is often overlooked by sellers, and that is buyers who misspell what they are looking for.

If you are looking for something to use in arbitrage EBay terms, then hunting for these sorts of buyers, rather than sellers is a very profitable business to be in.

Perhaps even better than that, is that if you deal with drop ship suppliers of a lot of items, your opportunities for exploitation are endless.

Let’s say you are able to find wholesale drop ship suppliers that offers a wide selection of differing goods. You could mess around with listing a range of misspelled products and see which ones make you sales. For example, your drop ship suppliers might offer licensed Disney items, and in particular Hannah Montana merchandise. If you were to make a listing for Hanna Montana you would see that your posts would command good viewings, as a lot of people make this spelling mistake with the name.

Of course, this is something that you can pull off with just about any item you want to sell. Perhaps the smartest thing to do is use a site such as http://www.searchspell.com/typo/ which lists common misspellings of words. That means that you could go through a range of merchandise being offered by your drop ship suppliers and create misspelled auction listings for each.

The genius of this sort of plan is that because all the merchandise are drop shipped, you don’t have to fret about purchasing them up front. That means that if you find that some items don’t sell, you simply don’t relist them, and focus on those which are the more popular arbitrage eBay products instead.