Well in all honesty it depends on what you are selling and how much you sell the item for. I tried this method before and in my case I didn't make a lot of money but then again I was selling cheap products. It's especially hard to get expensive brand name products for cheap wholesale prices. I mean technically you could sell knock offs like knock off coach bags, ipads, or even beats by dre headphones that have the company logos on them but that would be illegal and I know a few people who did this and got in a lot of legal trouble when their sellers found out and reported them so I wouldn't even recommend that.
I could buy the replica items that are miscellaneous brand and get them for cheap and not have to worry about any legal troubles since they are no brand no logo items but then they would probably sell for cheap or in my case I discovered not a lot of people were interested in my replica no brand no logo beats by dre lookalike headphones so I was stuck with a lot more product and not a lot of money. But none the less this method sounds good if you can find the right products to sell. I might have to try this one again sometime and sell better products.