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Entrepreneur's Journal: Putting together a fancy logo for your business

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Nike's (NYSE: NKE) "swoosh" logo is incredibly powerful and captures the essense of the company. Interestingly enough, back in 1971 Carolyn Davidson designed the logo for a mere $35 (for more stories about logos, check out the LogoBlog).

So of course, your company's logo is critical -- in terms of branding, getting customers, and presenting the right image. And, the good news is that there are many affordable options to get a top-notch one.

Let's take a look:

Online Providers: There are a variety of easy web-based tools that help to create logos. One is from VistaPrint (NYSE: VPRT). It goes through a step-by-step process, providing many choices for fonts, icons, and color schemes.

Now, if you want some more help, you can check out some advanced options. One choice is Logoworks. The company has top designers who will customize your logo. The packages start from $299 (keep in mind that a professional designer can easily charge $2,000 to $10,000).

Crowdsourcing: Yes, you can use the power of community to develop your logo. This is possible at a site called crowdSPRING. Basically, you post your project and offer an award (say $500 to $1,000). Then, designers will submit their ideas.

It's a great way to get new ideas and allow competition to work its magic. In fact, it's not uncommon to get more than 100 submissions.

Design Tools: While there are many great graphics software packages, they are usually expensive and complicated (that is, you need to be a professional designer to use them). But there is one geared for the needs of business owners: PagePlus X4.

The software allows for PDF conversions and easy manipulations of graphics, as well as has a huge library of images/icons/fonts. And, there is a special section for logos.

What's more, the software has helpful templates and tutorial videos. The price tag? Only $99.99.

Tom Taulli is the author of various books, including The Complete M&A Handbook.

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Last updated: November 22, 2009: 06:47 AM

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