I recently joined a wonderful little community here on dA for artists who take commission work: :iconhiredeviantARTISTS: . There are artists of all mediums and techniques there, so do check it out if there's anything you want to have done!
As I've looked through the profiles of the other community members (and in various other places where people list prices for their wares/talents), I've noticed something that makes me sad and honestly a little worried about the future of selling art: a lot of artists seriously undersell themselves.
It certainly is hard (especially in this economy) to set prices for your work that are affordable for customers, and not too high to turn them away. I also understand wanting to start a little lower on your prices to get your name out there. But starting your commission prices at $1? Or maxing out at $5-10? Too low, folks. Way too low.
First off, on a $1 commission, you're literally