I have spent around $700 in paying my designer and I would definitely would want to give a lot many bucks to myself for the idea itself. But I am not sure how to go about selling this site since it has 0 PR, little traffic.
I am also apprehensive about competition cropping up when I give my site details to potential sellers. How do I then go about the whole process of selling the website.
Thanks in advance for your advices.
I am also apprehensive about competition cropping up when I give my site details to potential sellers.
As you should, if the site can be reproduced for $700.
At this point, with no track record, I think your site is worth what it cost to develop, plus some premium because the new owner will not have any development-related delay.
Figure out what your own time is worth and price it accordingly.
Anybody will to pay much more would be better off to just develop their own site.