How to Set Pricing for Skateboard Design?

[thebreadking]

Let me preface by saying that I'm not a graphic designer by trade; however, as an unemployed urban designer, I take work where I can get it. That said, a friend of a friend is starting up a small longboard (skate, not surf) company, and asked if I would design the board for his first run.

I accepted, haven't begun work, but want to know what a decent going rate would be. As I mentioned, I'm not a pro in the graphics field, but I'm a fellow design professional by trade with more than enough knowledge of Ai and Ps to do an excellent job. He's really just looking for one board design, that'll likely go through a couple of client revisions before it gets the seal of approval.

Flat rate? Hourly? If so, what is generally expected as the going rate, and more importantly, what is fair for both parties?

I really appreciate the help!

 

[IgnatiusTheKing]

Hourly is probably best if you think there will be multiple revisions, or you can try to factor that in and guess how much time it will take you to do the first draft, then add 50% more.

 

[thebreadking]

Thanks for the response. Any idea of what a fair hourly rate would be, on the low-mid end???

Thanks again.

 

[IgnatiusTheKing]

It just depends on how much you value your work/time. If you are creating a design from scratch and you don't think you'll spend a lot of time figuring out how to do things you don't know how to do (meaning, you'll only be billing for time you are actually designing, as opposed to time spent learning), then anywhere from $35-50/hr would be the low-mid range.

 

[chaos86]

As I was getting my BFA in graphic design, my rate moved slowly up from $20 to $30 for freelance. Since graduating, it's $40 to $60 depending on type of work, how much I like the job/client, and how much I think they'll tolerate paying.