I want to know if there is any formula out there that people are using, or at least the thought process.

Should i sell a site that makes $1-3 a day for $500 (this is just an example not a real website)

In other words.. should you sell a site for a small payout or just sit on it an receive a small daily income?

I've been thinking about this for awhile as i have a lot of small revenue sites, plus i wanted to start a new thread in this part of the forum...