Originally Posted by NALEM

We use Fiverr ALOT. Yes most of them are crap, but there is always a gem in there and you just need to find them. Here is what we do:

Select 5 designers at one time and hire them at the basic 5 USD rate. We send them as much information as possible: preferred colors, shapes, samples of other logos we might like, description of who the audience is, etc. We also advise them that we are hiring several of them for the single purpose of showing us their absolutely best concept, and that if we like what we see, we will pay 50 USD for a complete package: unlimited revisions, original source file, and all the file formats.

What do we get back. 3 out of 5 is pure crap, and that is okay. Its the 2 out of 5 we are looking for. Sometimes one designer hits it on the nail near perfect, and often it leads to one design that is not quite right, but it provides inspiration. Using that one concept, we ask for a revision from the designer who offered it, but we also go out hire 3 to 5 more designers to improve that one concept.

In the end a single logo will cost us about 75 to 100 USD but we had several creative minds contribute to the process.