I had a logo designed a few months ago from a contractor in India on Fiverr. It was really cheap, and that cheapness shone through. It wasn’t something that I particularly wanted to represent my business.
So I decided to get something better from a proper graphic designer. I am absolutely delighted with the result. I chose the 5 concept package so I could have more choice, and it was well worth the money. The outcome is superb. Bo clearly listened to what I had to say and spent time getting it just right.
As with most things, you get what you pay for with graphic design. If you want a quality logo to represent your company, then pay someone who cares as much about the quality of the outcome as you!