There are places, nice places, where you can advertise (usually free) and well that wonder bike you never use any more. You can sell local or you can sell on the Internet. Selling local means dealing with the buyer face to face, and just handing the bike over after they pay (get cash not a check). Through the Internet, you can find potential purchasers easily, but you'll have to box it and send it to the buyer. Open a PayPal account and require payment thru PayPal.
Where Can you find such nice places?
Local want ads - Ye old community newspaper for strictly local sales (with no packing and shipping).
Local bulletin boards - Ye old bulletin boards are located in some neighborhood schools, supermarkets, stores and other public places. They're usually free and are worth a shot (again, with no packing and shipping).
CraigsList.org - is a free want-ad service, branches are located in many U.S. cities.
rec.bicycles.marketplace - This Usenet Newsgroup is widely read.
eBay.com - The famous auction place, must join to sell, a hassle. It is not free. You never know how low or high the bids will move (or not go). With the present economy, things move slow on eBay and are getting lower prices.
When Advertising:
Do NOT advertise a bike without a price. No one wants to be bothered if you can't tell them what you think it's worth.
Be HONEST about the condition. One look at a misrepresented clunker and your potential buyer won't trust you, and away he will go (without buying the bike).
Mention positive features, but avoid commonly misused terms like "Mint" "NOS" & "Perfect" unless they actually apply.
Mention the size. The size is the most important thing to know about a bike. If you don't know the size, find out at a bike shop.
Mention as much detail as possible, brands and models of such parts as hubs, wheel rims, crank sets, derailers, pedals, handlebar and stem, saddle.
Oh, one more thing, a photo is a big help.
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