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I would start at $8-10 and work your way up from there. Again, it's easier to go up than going down. Good luck!
That's going to vary by area, but $8 sounds awfully low. To find someone competent, even in an with low wages, at least $10 is what it will take to find a good telemarketer. I wouldn't be shy about going up to at least $12 if not closer to $15. An extra $2-$5/hour shouldn't hurt your profitability much, but it makes a big difference in the type of person you can hire.
I agree that $8 an hour is low but I think it is definitely a good starting wage. I believe you have to pay them bonuses though because if they are straight hourly then they have no motivation to produce leads.