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Gilipollas
I think a lot of people wonder about their art quality! I'm not sure I could make an objective guide to determining art quality, but I'm thinking about starting a critique thread to help people with this topic. Would you be interested in a ping if I started such a thread?
How quality relates to pricing is a huge topic, and I think that alone will take one or two guides. However, I can give you a quick explanation!
(It will not be a quick explanation. It will be quicker than it could be, but I write a LOT. You've been warned.)
Essentially, as your art's quality goes up, two major things happen. The value of your skills increase, since fewer people are at or above your level than before, and your pool of potentially interested commissioners increases.
This relates directly to the most basic element of economics: supply and demand. If there's a limited supply and a lot of demand, prices for that limited supply go up. As your skill level increases, fewer other people can 'supply' work of your quality, and more people are interested in work of your quality and provide the 'demand'. Your prices can then go up and be supported by the market.
There's a misconception that anyone will buy your art if the price is low enough, no matter the quality, and that's not true. I personally commission a lot of art, and it's not often the price that keeps me from commissioning a piece. Put bluntly, I only buy art that I really like. There's no price low enough that makes me want art I don't actually want, if that makes sense! It's no knock on someone's skill; I'm very picky and that is what it is. It hurts my heart to see people responding to my wanted art ads and offering to haggle on prices--they're usually already undercharging and they're setting themselves up to be taken advantage of.
Why would you want to work for a commissioner who says they don't really like your art enough to pay you decently for your time, but would like you to do that same art for a lower price? Art is a luxury item, and no artist needs to feel bad about someone not being able to afford their work.
Usually at least some people will commission if your art is painfully cheap. If you start a thread selling headshots for 5g, some people will buy them. But here's the thing--those people are usually buying because they saw "art" and "5g" together. They're looking for cheap art. You don't want to be in a situation where your art gets bought because it's the cheapest available. It's much better to focus on improving until you're able to charge a higher price.
I hope this is helpful, in some way at least. I hate seeing artists lowering their prices to try to get commissions, when most of them are already undervaluing their time to begin with. Practice is much more useful in the long run. Good luck with everything, and let me know if you have any questions!