I'll bite...
NOTICE: These are only the opinions I have formed over a decade of working as a professional illustrator and designer. Each to his own...
So when it comes down to pricing there are practically a million factors that play into. Most new artist / designers start out charging by the hour. They do this because they really don't have a track record of work to use as collateral for a compensation. For probably the first 5 years of my illustration career I charged by the hour. The pitfall of hourly rates is, the moment you put an hourly price tag on you worth/work you automatically put your self at odds with the client. Also you set your self off into a never ending haggle with your time and clients. After years of work an artist begins to build up a portfolio of work that not only has a price tag attached to it but also has a price tag that it may or may not earn the client. As long as an artist charges by the hour the client only looks at "who he can find for cheaper to do the same job" when he should be looking at "WOW look how much $$ this artists work is going to generate for my company"
Most new artist charge around $50 - $75 / hr. Where a seasoned artist may charge by the job rather than the hour. But if you did the math the seasoned artist is making around $200 - $300 / hr. Your probably saying $300 Ya right a lawyer doesn't even make that. When the truth is artist make that all the time and everyday. Does that mean that rookie joe blow from joeblowville is going to make that absolute not.
Towards the end of my illustration career the studios that I worked for were charging around $3-$5K for single illustrations that I would do. An in unique cases even more. I illustrated the Santa Clause that went on the Coca-Cola can, and my studio charged $375,000 for the ONE illustration. I worked on it for about 3 months. That's when I realized that I should be working for myself and not someone else.
Above said Santa Illustration
http://www.onelunglewis.com/coke2.htmlLets talk about designing playing cards specifically.
I had a big named brewing company contact me this was the conversation:
Brewing Company: Hello, We saw your Federal 52 deck and want you to design a deck of cards for us. We have seen the success of JAQK cellers deck and want to do something similar.
Me: Sounds great, what kind of deck do you want? Just a back design with standard faces?
BC: No. No. We want something to the same level as the Federal 52. What would that cost us?
(This is when I thought to my self. Ok so these people want me to make a deck for them in which every court card is a complete illustration that I would charge around $3K for plus, back design, tuck case, and all the production work involved)
When I answered them they were dumbfounded. and responded.
BC: Well... We were thinking of $3000-$5000 for the job.
Me: You can have a back design and standard faces for that. (knowing that I could just use the .ai file of the standard bike faces I got from USPC I even gave them all the production work for free.)
I then gave them two different prices. One price was with me retaining the rights to the deck to sell and distribute as well. One price was a complete buy out of the rights to the deck.
Going back to something I mentioned earlier.
when he should be looking at "WOW look how much $$ this artists work is going to generate for my company" When I quoted said company, I did so with the knowledge and collateral of what I could stand to make if I designed, produced, and distributed the deck my self.
The same story was true when "NO NAME" big card company(s) contacted me to license the Fed52. First off I didn't want produce a boat load of decks and then wholesale them to the lowest bidder. The moment I wholesale my decks is the day that I loose control of the "Big Three" of art, Supply, Demand, PRICE. As longs as I hold the keys to my decks and their distribution I can control all three. On top of that I didn't want to play in the "High Volume / Low Production cost" Game. I've been their and done that for other studios.
CARD COMPANY: We will pay you a design fee and royalties on sales for exclusive rights to Fed 52 and we will print 50,000 decks.
ME: I can make 3 to 4 times as much as your are offering printing only 5000 decks and doing it all on my own.
CARD COMPANY: But we can get your decks in front of the whole world.
ME: If my decks were in front of the whole world they would sell for the same price as your decks. Thats not the world I want to be in.
Ok sorry, got off track I'll get back to "how much for a design"
Ultimately you are going to get what you pay for, plain and simple. If you ask or pay a guy $1000 for a deck, 9 out of 10 times you get a $1000 deck. At the same time when you use the term "Fair" price fair is whatever the artist is willing to take and whatever the client is willing to pay.
My dad always said, when commenting on an items worth...
"Its worth whatever someone will pay for it"