Low Cost Logos: Options
There are two Internet companies that create affordable logos and general design work that I know of: 99designs.com and Crowdspring.com. You pay them a flat fee* and they have designers (some good, some pretty cheesy) from all over the planet compete for your pick of one of their design submissions.
Here is a comparison one company did of the two competitors.
Here ar some of the logo’s we have produced ourselves for cost the cost a one or tow hours work.
* The more you pay, the more submissions you get. In this case $300 got 16 designs on one and 31 designs on the other.