I want to choose about 5-10 products out of my inventory to feature above all others on my site. How would i go about doing this?

Hi Ceridwn,
When in Product Editor, Edit each product (one at a time, I don't know a faster way) and on the very first page their is a check box "Homepage Special" which will highlight those products on the very front page of your store. You could also choose "Category Special" and those products will show up first in their respective categories.
Hope that helps.

You can also use the dataport and download the spreadsheet and enter it on that column.