I stumbled upon the Logonerds.com website a few days ago and I couldn't believe that they offer logos for under $100. A professionally designed logo for $47. It almost sounds too good to be true. I would almost pay that just to try it out. Other online logo services charge around $200 for logo packages.
According to Logo Reviews, they are based out of Canada. Maybe this is how they keep their costs down. Even a decent professionally designed logo would be worth well over $47. As of 3/16/10, they do not provide a phone number on their website.
Here are some examples from their online portfolio:
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