We've always charged per project because we can design a high-quality flyer in less than an hour. The client doesn't know how long it takes and we feel like we get more for our money. We charge anywhere from $150.00 to $300.00 for a flyer too. So basically, I'm getting $150.00 per hour minimum.
If you're a very slow designer, you should also charge per project, otherwise the client loses because of you being too slow. They shouldn't have to pay for your shortcomings.
If you quote by the project, but it's a large project, incorporate a per hour rate into your contract if you're having to do more than the client originally asked you to do. This protects your time.
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