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Phil,
Although, I am not comfortable to chime in and discuss this about “pricing” topic. It is just that from my experience by participating at other forums (other than Blurb Forums, I decline to name which forum discussion I am referring to…) – that there were lot of flamed statement going on related to pricing post on forum discussion.
So, I am afraid that you could be flamed with negative comment or something like that. Maybe it is just that you didn’t know.
It is something that you have to examine this on your own trying to figure it out yourself. But I will not mention any kind of dollars amount or anything, it is something that you decide for yourself.
But in general practice in design business, if you go for a full-time or freelance design project, it is something that you have to do some thorough research on pricing. There are ways to find more information on how to “price” goods and/or services through Google or Yahoo or other leads through search engine search queries.
To sum it up briefly, the idea is to price, it could be by marking up for up to anywhere between 25 to 40 percent. As for charging by hours, it is something that you need to do a research on that. If you go for a fulltime freelance designer, you have to do a thorough research and determine your cashflow, break even, product pricing, and all that related to freelancer.
Again, it depends on freelancer’s level of experience, skills in designing book and etc. Be reasonable with your experience and be honest with yourself in determining the pricing decision-making.
Sorry I can’t be of much further help on the topic, but you are encouraged to do a thorough research through Google and few other search queries method.
One other thing, if you go for a freelance fulltime and new in this way of pricing service and good, I have a suggestion for you to go to your local Small Business Development Center, where they usually have pretty good materials, tools and workshop on the topic. Very excellent resource, I highly recommend it to any freelancers or new small business owners to look into SBDC office. SBDC also offers entrepreneurial training program (ETP) or something like that for a reasonable fee. For those who live in Canada or overseas, I am pretty sure that there are alternative resource – small business development office sponsored by their national and local government, and in many cases by local universities as well, through common partnership.
I am sorry if this sounds kinda heavy-headed thought or insight, but it is kind of serious stuff involving in pricing and all. I am not going to go into that much further, but by knowing all these information related to small business and finance and pricing structure based on what you have researched and learned, in itself can save you lot of time, money and effort. You probably will sleep better that way by knowing all, better than other entrepreneurs or small business owners or freelancers.
Under global economies being instabilities, it is wise for you do a thorough research. You might wonder why I mention “research” few times. Well, you’ll see what I mean in time. Once again, you are strongly encouraged to research. I know it is time consuming process, but it is well worth it – believe me!
Hope that helps and good luck with your research project. And have a great day! Brian
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