I think someone needs to start a new poll with a wider range and higher end fees of SGD$8k-9k?
Kuang's right about finding and pitching the right fees, which does take a while to fine-tune because how much you price will also determine your target audience.
Pricing low is not the only business strategy, and I'm speaking from personal experience here. When my rates was half of my current rate, my takeup rate was really low - out of every 10 couples I met, only 1-2 signed up. Why? At the range of $900 for a wedding assignment, couples would rather get a $850.00 because it's $50 cheaper than you. Best part is, 9 out of 10 couples whom I met up aren't interested in your portfolio that you place in front of them during the meeting.
Thinking of charging low? Here are some facts to consider and every one of these are based on actual experiences:
1) For clients who are willing to pay $400-500 for wedding, it doesn't mean that their expectations are any lower than those paying $4000-5000. In fact, they would expect you to do everything for you, including shooting their dogs, cats, interior of their new house, everything that you can possibly think of.
2) Don't expect this client group to appreciate artistic /creative work from you. You try experimenting, you'll find that you'll start missing shots and that adds more bargaining chips on your clients table. Trust me, I've got couples who've outrightly told me things like "how come this one so dark?" "Can't see my face, this shot very important and how can you missed it?". They didn't even want that picture as one of their 300 x 4R album. Ironically, the very same shot got me an award 3 years later.
3) Referring to point 2, this would mean that you'll have a lot of difficulty defining your style because you'll have very little room. The first 3 years of my wedding assignments were basically shooting generic looking stuffs, and don't expect such portfolio to be able to command any higher fees. To put it simply, you'll be running around in circles.
But it did take me quite a while to figure out what's the best price to pitch, and my takeup rate now has moved from 20% (in early 2006) to about 80-90% couples who will sign up after meeting up.
Having said these, I'm pretty happy that underchargers are present in the market, because they keep the bargain hunters, and the problems related to them away from me