FTA and other organizations report that online auctions are growing at an alarming rate with nearly 286 billion dollars generated each year in this industry. While most of the auction income comes from penny auction sites and entertainment sites, eBay and other such seller based sites are slowly gaining in prominence. In a recent survey it was found that the frequency of local auctions is decreasing because folks now prefer setting up auctions right from the comfort of their homes online paying a tiny commission in the process to auction sites.
Anyone can sell anything on an online auction site. It can be junk or it can be useful, regardless there shall always be buyers for all kinds of items. You can either put it up on a penny system or you can use a conventional English system. The good part about selling ones junk online is that it is always valuable to someone else. Like the old saying goes, one mans junk is another mans treasure.
Some of the expenses associated with online auctions include shipping and transport charges but these are already paid for by the buyers and so for sellers there is no hidden cost other than the commission charged by each auction site.