“Online auctions sites are always very popular. Maybe you took the time to knit a sweater or you just have some old jewelry you want to pawn off. Online commerce is booming and if there are any items that you would like to sell off you can actually hold your own online auction. If you took the time to make something then you will need to factor in labor costs because it took you time and effort to produce the product.
If it is something you own like a kitchen table or a diamond necklace, check out the regular retail value of the item first. You may want enough to make a profit or just want to get the best offer that you can. It really depends on what the item is because for instance for handmade items you are going to need to make sure you include labor costs in the price for the time and effort you spent making the item. On the other hand if you were auctioning of a used item you would want to get the regular retail value of the item and then drop it down a bit.