Pricing -- day rates vs per song

I am interested in peoples opinions on day rates vs per song and what the best approaches are. I have always done day rate, but I end up doing a lot of pre production and bits and pieces. But I think a per song will look too much as one lump amount, as people tend to prefer to try and get a lot done in the time. But I refocusing my studio work and have new clients coming in I will be doing a lot of production work on, including playing and arrangment, so I wonder about how I might approach this going forward. Is it offering the options? What guardrails do people put in place? I do indie guitar and song based music, not pop or electronic, so its alternative and band or songwriter led.

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Pricing -- day rates vs per song