it is very possible but hard part is finding a product with enough margin to cover eBay fees, Paypal fees.
This can be fairly profitable if you sell items such as you might find here: passwird.com This has gotta be worth some rep points judging from the previous responses? Eh there dudes? Cmon no gains to be had? I bought a logitech "badass" universal remote for 35 shipped and sold it for 70+shipping. I bought a nitro powered remote control car for 99 and sold for 250...mmmmm mmm bitch!
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Dropshipping is a thing of the past. Ebay and Amazon don't tolerate this, and are getting even stricter; I don't my account banned. The only true profitable way is to buy popular authentic products in bulk. Now you are in total control of your operation, and making thousands per month.