Originally Posted by sipltech 
Logo design is is far different than other graphic design. Designer has to spend lot of time innovating ideas and concepts. Some time my designer come up with a unique logo in just an hour and some time he spend 5/6 days to complete the job. So pricing the same is bit difficult.
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Agreed, it's not just a straight forward process.
I've had clients say yes straight away to a logo, and some clients where it takes about 8 or 9 attempts to get it absolutely perfect.