PR 1 is still low for get paid submissions. I can help you go up to PR3 easily, so buyer ca more trusted your site. Please pm me for more details.
You should allow free submission - maybe require a link back so you can raise your page rank. When you actually have links and PR... then it would be easier to get paid submissions.
That's up to you. You can request that submitters link you before you will approve their link. Check out other directories to see what they do and find a format you like.
But if you are having trouble finding anyone willing to pay for link, isn't it better to get payments via linkback first? It'll raise your PR and is like free advertising. When you start getting a lot of submissions, then you can easily charge a review fee.
hmm .... like u mean i have to start selling reciprocal links as well hmm. I also deal in bulk submissions .. upto PR 6 directories.. like from PR 1 to PR 6
First have a professional design. If you are not a designer hire some one who does it. As Bruce said, you need to have "Content" for a directory to succeed. And as some one else pointed out you are not going to earn much with a PR 1 directory. Try to do some link building and get it raised. Remember PR is just an attractive tip. you need to have solid content to succeed. Other wise what's the point in having a directory. This is what I learnt in last 1 month as a directory owner. May be to get started on the sales part, try to promote in list and sites where people are looking for free directories. Have a paid option for minimal cost. This would help you get some decent sales to get started. Read this thread -> http://forums.digitalpoint.com/showthread.php?t=2317350 Don't take all points. There are some BS talk in that thread. Read Silencer's answer #2 and Snowbird's answer $12. That will help you get started.
Here is a goog site i used it is very good & strong backlink provider & also support google mycitydial.com
Hats-off to U man .. U are really helping me out .. thanks for suggestion and yeah i'm working on design .. it will be uploaded very soon ..