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Anyone who knows anything about branding and logo design will kind of cringe a little bit at this. Getting a professional C.V done for $10 is really not a good idea if you are trying to grow a professional and distinctive business.
But, if you are just launching a new website or blog to try a new tactic or experiment in a new niche then getting logos done on the cheap is really helpful.
A word of warning with this and any graphical production on Fiverr: a lot of them are a bit iffy when it comes to copyright. Make sure you look around for someone who isn’t just going to give you a logo that belongs to someone else
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