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What prevents me from choosing an outrageously
high hourly rate?
The market. If you charge too much for yourself,
no one will buy your work. When choosing your rate, you must consider
what sort of buyer your product will appeal to. If your song is
aimed at the general public, you would choose a very low hourly
rate and hope that enough people purchase it to make it worth your
while. If it's intended to be used by other members who will include
it in their own more expensive custom products (as is the case today
with production music that is used by advertising agencies), you
would charge a higher hourly rate.
Can I change the hourly
rate of an existing item?
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