Making electronic music is my longtime hobby and I can produce songs and beats at average/good level. Couple of artists have contacted me asking if I could produce a beat / song for them and they're asking how much do i charge. Well, I don't have a clue. How do I actually set a price tag for a music production work? Hourly rate? Flat price? How much? I don't want to set it too high to scare off possible future customers nor to go too low as there's always some pretty intense work related on song making. Does anyone have any vague idea how this kind of service should be valued?