@OrchidFlamingo's post on Artfol

How do you guys price your commissions? Right now, I sell $5 headshot commissions (fully lined and shaded, not messy colored sketches) to friends, but everyone seems to think that’s overpriced. Thoughts?Feb 2, 2023
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Comments
not overpriced! actually the best way is looking to your countries wage and then make a price based on it. i priced 5$ for head sketch but that’s only because of economic level in my country where that’s actually not that small amount
That’s actually underpriced… like really underpriced. Count at least 12€ per hour
I pay myself minimum wage, which is about $15 per hour for me, and I give my clients an estimate based off how fast I tend to draw rather than how much of a body I'm drawing in a photo. A complicated headshot with bg can take many more hours than a plain full-body and I don't got all the time to be letting ppl get sneaky with complexity of a piece vs price so i don't personally do comm sheets
tbh you could triple your price and that’d still be on the cheaper side imo!

i usually suggest reddit to ppl who want to do coms tho bc thats where i’ve gotten the most, random requests from even when my stuff lowkey sucked
I don’t take commissions but the professionals I trained under said wages (never less than minimum wage for your area) multiplied by hours spent plus materials.
That is not overpriced at all!! That’s just my opinion but I think lots of people would agree, even your colored sketches are worth more than $5!! It’s about the time you spend on it, even if you spend five dollars amount of time on it - say five hours; dollar per hour - and how good your art is. Your work is at a level where how it looks is worth more than that. With friends it makes sense to give a discount, but if you open commissions to everyone I personally think you should up it. I haven’t opened commissions yet, but I plan to and with the amount of time I spend and my less experienced art I’d say I’d do ten dollars a fully rendered headshot (I think)
Pricing heavily depends on what you can get away with---the most amazing artist won't be able to sell art for $5 if they have no audience, and a total beginner could sell commissions for $200 if they were popular enough. A lot of it is more "what are people willing to pay for this?" and not "how much do I want to sell this for?".

My commissions currently range from $5 to $25 depending on what it is, but complex stuff like ref sheets typically add up to being $30 or more. I wish I could sell my art for more, and I think my art is worth more, but if I raise my prices any higher I'll stop getting sales at all.

You have to try various things and figure out what your audience/followers think your value is.
I want a living wage so I'll price accordingly. Non-artists will say stuff is overpriced to get a good deal out of you - taking advantage of you and your inexperience.

If you're pricing to minimum wage per hour and not getting anyone, consider to just keep drawing whatever you want and over time you'll improve and get to that point where people will want to pay you money without taking advantage of you.

If you want to draw for people to feel good or get practice, consider just doing requests (free art) or make gift art for people (good exposure and networking).