Pretty much anything can be resold for profit, how much profit you want to make however is a whole other story, the majority of items that can be resold for large amounts of profit are probably already being sold by loads of other online shops and those that arent i doubt people would be willing to share that info.

Ever thought about producing something yourself to sell? that is a brilliant way of keeping costs down and maximising profit.

thanks mattcaulfield, im looking for one product thats buzzing at the moment. thanks for your info though

That's good advice there Brojoe. Anything that's hot right now (iPod Nano, The Roboraptor, etc) is going to be bought at such fiercely competitive prices by the big names (imagine the buying power of John Lewis, Amazon etc) that you could struggle to make even a few pennies per item. If you go for items with some longevity to them, the benefits will soon become clear once the Roboraptor is no longer the must-have-toy!
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thanks guys for your advice, this forum is really useful, in fact I have just changed my mind about this whole thing. I am  just looking along the lines you have said.... in fact I know a store nearby me that sell rare crafts with no website, we might strike a deal, i buy them from them and sell them. cheers!