So you are new to portraiture but think that you are ready to turn pro and need guidance in setting your fees? This was once my dilemma too. I went to
www.portraitartist.com and looked at all the painters, their paintings and their fee structure. I figured out where I fit into this group and compared the prices listed in what I thought was my general category. I decided on a price for a comfortable size portrait for me (20" x 24") to paint. Then I figured other sizes and prices loosely based on a price per square inch. Extra figures were extra $. I am trying to not increase my prices, but to paint faster without compromising the quality of my work. I make a comfortable living, and do not wish to price myself out of the market.