What “Margin” Means in Arbitrage
In ad arbitrage, margin is the spread between what you pay to acquire a visit (usually driven by CPC) and what you earn from that visit (usually driven by RPM and session depth). If CPC rises or RPM drops, margin compresses fast.
A good workflow doesn’t just chase “cheap traffic.” It finds niches where advertiser demand is strong enough to support monetization, but auctions aren’t so crowded that CPC destroys profitability.
Once that mental model is clear, the rest of the guide is about making CPC and RPM assumptions more realistic before you scale.