I was there about two years ago...
The biggest determining factor will likely be the going rates in your area for various "skill levels".
When I started, I charged $25 a song to track, the same to mix. I put a lot more time into multitrack fiascos (as you put it) than I got in monetary return.
But I didn't really have any portfolio to speak of, and people I knew that were experienced and had steady business charged 10 times that. I figured they had 10 times more experience, and I needed to get work (PRACTICE).
As a result, virtually all of my free time has been booked doing sessions for almost 2 months now. I recently stepped up my rates to $40, respectively, and intend to make a similar hike in the near future.
So, I correct myself:
It's about what the time is worth to you
AND
what the prevailing rates in your area happen to be
Or, specifically in my case, finding the right balance between luring clients and making sure it pays for itself.


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