How to Do Retail Arbitrage Dropshipping (Or, How I Lost $500)

In business, you win some and you lose some. This article is about how I lost some, and how you might succeed where I failed.

A few months ago, I decided to create a new stream of income and try “retail arbitrage dropshipping.” It sounds complicated, but it’s really quite simple in theory. “Retail” means selling things in stores. “Arbitrage” is buying something cheap somewhere and selling it for more money somewhere else. “Dropshipping” is when you buy a product and tell the seller to mail it to so...