I think logo price depends on the quality. However, I think you can get a logo by paying from $10 to $100 . For this you will need to hire a graphics designer.
A logo is what you perceived it to be. If you can pay more, and you know that designer does quality work consistently, what's wrong with paying him more so you get superior quality logos?
I like to pay $5 for a logo. I will not pay more than $5 for a logo. But I don't know why people pay more than $5 for a logo ? while we can get a professional logo for only $5
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