Is $299 too much to pay for SEO services?

Some of the SEO services sites charge $299 for monthly SEO. Doesn't that seem like a lot to pay for SEO, considering many of us actually do most of the SEO work for ourselves, such as content publication? Is $299 really a fair price to be paying for SEO? Also, about how much are you currently paying for SEO services month, if any?

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