Because each project has different sets of requirements, it's very difficult to have standard pricing. You can ask your client for their budget first before negotiating.

Some things to consider when setting your price:

* Size of client's company:
Bigger companies usually have a higher budget to spend compared to individuals. Try negotiating for higher pay from larger clients.

* Design usage:
If the client is going to make big profit off your design work, consider charging more. For example, if the client plans to sell T-shirts printed with your design.

* Time spent:
Estimate the time needed to complete the work, then add a buffer on top of it in case unexpected issues arise. Also set a limit on the number of significant design changes the client can request, or else it can be never ending.

* Skill level:
If it takes you longer to deliver the work due to inexperience, consider lowering your rates until you've reached a more comfortable level.

* Cost of equipment/software:
Not everything is free or lasts forever. Don't forget to price that into your rates!

* Taxes:
Make sure taxes are taken into consideration as well.

* Demand:
If you're in high demand and can't take in all the work, it's time to up your price! Of course, if the opposite happens, try lowering your rate instead.


All in all, there isn't really a right or wrong price for a project. When starting out, just set a price that you feel comfortable with. Would you be happy to receive RM100 for 2 days of poster design work? If yes, then go for it. If not, negotiate for a higher price. It all boils down to willing buyer, willing seller.

After finishing a job, if you felt you should've been paid better due to all the work you've put in, just raise your price the next time. After a few projects, you'll learn the best pricing to go with.

Finally, don't be afraid to say no to low-paying work! Often it's just a waste of time and energy unless you think the experience or having the work in your portfolio will be worth the trouble.

All the best

I've shifted away from the design space over 10 years ago, so I've no idea how the pricing goes nowadays, with inflation and all.

But you can:
1) Ask friends, seniors or coworkers who's doing similar work
2) Ask client for their budget before giving your quote (some will even state their price/budget upfront)
3) Check pricing of other freelancers who advertise online (you can pretend to be a client and ask them for a quote too )

OR just set a price you're comfortable with and don't worry too much. It's not the end of the world if you charged too low/high.
Most important thing is to able to learn from your mistakes. You can always improve your pricing for the next client.