Also your price should not be the same, but be reflective of the area you are performing in.
I'm not ashamed to say that If I am doing a party in a rich afluent suburb
my price is higher than if I am performing for a party in a poor inner
I disagree with you, Haywire. Respectfully disagre, but disagree all the same. This discussion came up in a forum for professional magicians I belong to and a few had said the same as you. My thoughts are that my shows have a price, just like the hardware store or grocery store has thier prices. And they do not change because someone is richer or poorer. My party prices are $125 (for less than 20 kids) $200 for between 20 and 30. Otherwise it is $!25 for the first hour and $75 an hour after that. That is private party work.
Corporate work is $500 for half day and $800 for a full day. Yes, dinner entertainment for a sales meeting is $500 even if it is 2 hours long. If I do a trade or consumer show it is between $1200 to 1500 a day plus all expenses depending on the distance from where I live the show is.
This makes it easier for me as all I do is look at the event, look at my price list and say "it will cost $XXXX."
Hey work smart not hard.