Last year, I linked to Design Outpost, a site where designers from around the world compete to create logos, business cards, letterheads, etc at low prices. It's globalization in action, with the benefits going to people and small businessess who can't afford to hire a designer (the losers would be low-cost Western designers who can't afford to compete at these starvation wages). My friend Ry4an later used the site to get a very nicely designed business card for an affordable price.

Off BoingBoing today, I saw a link to Kevin Kelly's review of GotLogos. [GotLogos] provides a similar service, but more limited (logos only, only one design to chose from) and cheaper ($25, $10 per revision).