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I have experience with graphics and I know that while some designers are grossly overpaid, some are grossly underpaid as well. Build your reputation via your past clients. NETWORK.

Most people who want logos are some sort of business or organization. Perhaps you should go back to the people who paid you for your work (employers, friends who requested favors, etc.) and ask them for referrals and maybe you can work a percentage commission or a service you can provide that is not too time consuming.

Here's one of my random ideas...I'm good at these...but what if you give back to the community by looking for organizations such as charity and non-profits and make the offer directly. They usually have a lot of marketing and media press releases...if not at least some media coverage. If you can, get an agreement for them to name you and display your work (logo) publicly, you can score big time!

Donating to local organizations will reward you in kind if you can afford it.

It's cheaper than the $50 you want to give away and it may be more productive in the long-run.

Just a thought. But for the record, I think the amount you plan to give out is very generous. Too generous.