What price should I charge for design services?
I was called for a job interview and I was hired. This will be my first job as a designer.
How much should I charge for designing 300 business card templates? They are going to be used on an website in which clients can use and just add their text. This guy said he wants to pay me $500 - $200 in cash and $300 on stocks just to start off. I guess I'm too young (20) to understand about stocks.
Can anybody explain what is normal practice?
A similar way of thinking about it: how many days' work will it be to complete the work? Assuming 4 cards a day if you're working hard and quickly but aren't yet very experienced, that's 75 working days. Assuming that's full time, that's 15 weeks or about 3-4 months' full time work. Maybe 2-3 months since you'll get better at bashing them out fast.
So, three crucial questions:
Think about the opportunity cost of taking it: what you could be doing for those 2-5 months if you weren't bashing out piles of business cards every working day. At that rate, for that time period, you should probably think of this as more like an unpaid internship than employment or a freelance job. That amount of money weekly is close to the few $ a day most unpaid interns get for travel and lunch expenses.
My suspicion is, that taking this wouldn't improve your financial situation, and would worsen your future prospects because, instead of being able to take up other ways to get practical experience such as self-initiated or small-scale projects that improve your skills and portfolio, you're stuck soullessly bashing out business cards at a rate where it's simply not possible for them to be better than mediocre. Also, in general, beware of exploitative clients who don't value your time - they sometimes try to avoid paying at all.
Plus points are, it's something on the CV/resume (but, be aware that employers more interested in your CV/resume than portfolio likely to be instinctively sceptical of any employment shorter than 6 months, and will employ few if any designers anyway) and you'll get good at fast working, keyboard shortcuts, workflow etc (assuming the experience doesn't put you off design work for life...).
Relevant book recommendation: How to be a graphic designer without losing your soul. Has lots of great practical tips about getting started.