Would you take a chance and charge?

I got a question for all the web designerz out there who have gotten clients.

How do you approach a client who is in dear need of a website but doesnt know it yet?

Im a student working towards my Bachelors and I havn’t got my site completed (mostly because I can’t seem to make up my mind :lol: )

Should I approach this client and try for money. Or do it for the sake of my portfolio.

This is a national client and would be extremely cool to have under my Clients list.

What do you guys think? Do the whole Im a student and will work for free thing?

Thanks All,
Limitlis