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I've figured out that with all these $7, $8 and $10 offers for 'professional' logos on the forum it's no use to offer a service for anywhere near the real value.
What you mean? Hmm, well I believe it depends on the way you see it and the way business owners market their services / products. However with a positive relevancy, prices alone don't justify the quality of the work. $10 logos sometimes are more than you are expecting while $1000 ones wouldn't make you look 100 times nicer. It's just a question of whether you are willing to spend that much for the decreasing marginal benefit?