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If you have decided to upgrade and want to sell your used MP3 player, there are a lot of places to choose from.
eBay is the most popular, but also has the most competition. If you choose to sell on eBay, first carefully review the offerings that are currently up for your type player before setting your selling price. If you don't want to hassle with an auction, you can set a Buy It Now price that is fair, and reflects what you want to get. You can also set a lower start price with a reserve price, but be aware that eBay charges more for reserve priced auctions!
Take good digital photos of your player from all angles, and pull the specifications off the web and place them prominently in your listing. Listings without details get lost, easily. Also, make sure you pay for the picture that shows in the list that comes up in the initial search.
Other markets to sell your used MP3 player include Amazon.com - which is less crowded, and Craigslist. Craigslist does limit you to only the local market, but then you don't have to worry about shipping.