Regarding devaluing work by underpricing, that's a thorny issue. Yes, undervaluing your own work can definitely backfire on you; and being sensitive and respectful to others with whom you are sharing a platform (in all aspects, including pricing) is important; but in an open and free market, if one person wants to value their time at £3 an hour, another at £30 and another at £300, who's to say they can't? Provided you can justify yourself to yourself, your customers and those around you who may be directly affected (not indirectly, simply as competitors in the wider market), then pricing is entirely your own affair.
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