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Quoted $50 for a logo, client in Denver wanted 4 revisions for free

Posted my first gig on a local board last week, and a coffee shop in Denver asked for a logo. I said $50 flat, they agreed, then hit me with 4 completely different redesign requests after I sent the draft. Is it normal to cap revisions at like 2 for a first job, or did I just get too soft with my pricing?
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aaronroberts
That coffee shop bought a logo, not a branding agency, right?
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