It's really very easy to create your own logos.<p>I'm not an expert, but fooling around with photoshop/illustrator and looking up several tutorials is a lot more rewarding than you might think. I consider myself fairly skilled at making logos, and that's not due to taking classes or having an extremely artistic mind, it's due to spending several hours trying out different options and trying to emulate other logos.<p>I'm not sure if you've tried, but give it a shot. It's quite easy to pick up, and also extremely satisfying when you settle on a design you like.<p>I'm just not an advocate of having to pay someone else for something you can easily learn how to do and especially with a logo, you'll feel more of a connection to it.
Logos don't have to be very complex to serve their purpose:<p>https://www.paypal.com/en_US/i/logo/paypal_logo.gif
<a href="http://pics.ebaystatic.com/aw/pics/logos/logoEbay_x45.gif" rel="nofollow">http://pics.ebaystatic.com/aw/pics/logos/logoEbay_x45.gif</a>
You could try Cool Text for free (<a href="http://cooltext.com/)." rel="nofollow">http://cooltext.com/).</a>
Their default settings are a bit naff but with a little
effort, time and some 'taste' you can make something half decent.
If you want cheap then do it yourself. If you want to make money doing business then and you realize that your logo is th face of your company, then pay someone a standard fee for a quality job.<p>In the end you won't be sorry.
A University with a design department. Make some friends, chat up some people, and ask nicely. It will end up better than if you did it yourself, be fairly cheap if you're nice, and be a portfolio piece for them.
I've heard good things about <a href="http://logoworks.com" rel="nofollow">http://logoworks.com</a> if you're looking for something cheap and decent looking.