We know a good company name is very important. Some would even spend a tidy sum to get a renowned marketing research company to discover a good brand name to synergize the name of product/service with the market place. Instead of going to a branding expert, marketing specialist or graphic designer, many run to a local printer whose specialty is print production, to do a logo design and quickly whip up their letterheads and other stationery.
Recently, my designer friend was infuriated with a distant cousin’s request to create a logo design plus a set of stationary comprising business card, letterhead and invoice for under USD150. While I can empathize with her outrage, but honestly, a Google search will yields thousands of websites offering cheap logo design, as low as USD39.
One other possibility is for the logo designer to up-sell you when you sign on the dotted line. To illustrate, you might be asked to pay for an extra artwork for the logo to be rendered in black-white, or you need to pay for the logo usage guide to state all the specifications that you’ll need to produce a brochure or TVC later on. How much should you pay for a company logo design? To us folks that firmly believe a logo forms a formidable part in the formation of the corporate persona, corporate branding, marketing and public relations; the logo is definitely much more than just an illustration or graphics! You have to pay for research, concept, design assembly and production execution.
Your hired help has to look into your corporate mission, philosophy, beliefs, objective, goals, and aspiration just to understand your company, and probably you if you are the boss. Without such in-depth understanding, the logo experts will not be able to translate any corporate values into a coherent, creative graphics. The logo will be soulless.
Did you know the winged logo of Nike has a story behind it? Now, can you see the relation and association between Nike the sports good company and Nike the Goddess? Even the expert and the client agreed on the concept “wing”, but how should the wing look? Should it be Pegasus’ spreading wings or something more stylized as seen on the logo of Singapore Airlines? So much work? Yes, it is that much work. After all, your logo design is supposed to help you:
- Elicit immediate recognition (especially if the company has a “common” sort of name)
- a visual short-cut to convey the company’s personality, character or attitude (in short, corporate persona)
- Relate to your clients by conveying a feeling of familiarity and credibility
- Association with quality and satisfaction
You might like to have a further understanding on the importance of a logo, which is discussed in another article, “Why Logo is That Important” .
(Branding Expert, Advertising Agency, Graphic Designer and Freelancer all command different price tags)
Always get a logo that can reflect your coorporate branding and persona. Talk to several respectable creative agencies or freelance logo designers and hire the one that understood you best. Bear in mind that if you want the branding works, be prepared to fork out at least USD10,000 and more (and that is considered cheap).
If you want a professional logo design package that calls for original design, production guide on all imaginable surfaces, all workable softcopy files for print and web plus full release of all font and graphical elements, you are looking at least USD20,000 and up. If you are a start up or small business owner, tell the logo design expert specifically what you want and don’t want. Lastly, don’t lose the logo files you were given. My client lost his logo files and I had to get my people to manually trace a 16KB 72dpi logo, horrendously printed on a Micosoft Word document; and do touch-up.
A. How Much Is A Great Business Logo Really Worth?
A great logo can help a business project a positive image while a bad logo can bring a negative impression about a company. If a logo is the company spokesman, how much is it really worth?
Cheap logo designs are all over the Internet - logo designs under $150!, $99 logo designs, $75 logo designs, $49 logo designs and even lower! You will easily find a wide range of prices for logo design on the Internet. Be careful of cheap logo design offers, some designers may be using clip art. A logo design that includes a royalty free piece of clip art cannot be copyrighted. That same piece of clip art could be used on dozens of other logo designs. A designers portfolio should be displayed and there should be a wide variety of logo samples. Some logo designers charge one flat fee for a logo with no questions asked.
Can you imagine Coca-Cola purchasing a logo design for $99? All designs are not equal. Some logo designers charge additional costs for extra colors, extra modifications and extra preliminary designs. How much is a logo design really worth? A logo design is more valuable to a company than a single spot illustration. A logo has more value than just the hours spent on creating it. It becomes the companies identity.
Professional graphic design rates average anywhere from $30 to $75 per hour. If you see a logo design priced at $125 and that designer charges $50 per hour for design work, do you assume that they spent 2.5 hours on your logo? That price would include the time spent to contact you, the research done on your company and competition, the preliminary ideas, the changes, the finalizing of the logo, the file prep for each different format, sending the logo, billing and allowing you to have all rights to the design. So how much time was actually spent creating your logo?
Many professional graphic designers would be hard pressed to create a top notch illustration for under $150 let alone a creative, well designed logo. So beware of logos priced under $150, you may get what you pay for.
There's even more confusion about logo pricing. Some designers base their logo rates on several of these factors:
Logo Modifications - You could get charged for each time you want a change or modification to your logo. If a logo designer asks the right questions, does the research and stays in close communication with the client there should be no need for major changes during the creation of a logo design. Be a good communicator and explain to the logo designer exactly what you want your logo to be saying about your business.
Extra Colors - Printers charge more for extra colors. If a logo designer charges more for a two color logo than they do for a three color logo, get a detailed explanation as to why.
A logo designer should be able to decide for you the correct amount of preliminary designs it will require to create your perfect logo. An example would be asking for a yellow duck logo design and changing your mind to a red dog design once the logos are presented to you.
Adding an identity program to your logo is a legitimate cost. Designing the business card, letterhead and envelope layouts are normally a higher priced package. You should receive camera ready files for each design.
There is a standard reference for pricing graphic design and corporate identity projects. Any logo designer can purchase the book. A professional graphic designer would have a tough time supporting a family and a studio designing all of their logos below $200.
I'm not writing this to give exact prices for a logo design because each logo designers circumstances are different. The standard logo design rates are based on two major components, company size and application or distribution size. The majority of logo designs created over the Internet are created for small companies and individuals with limited application and distribution uses. Fortune 500 companies normally pay much higher logo design rates and use advertising agencies.
My conclusion is that the value of a logo should be based on a few important criteria:
1. Experience of the logo designer
2. Size & budget of the company using the logo
3. Scope and usage of the logo
4. Difficulty of the design
An individual or small company with small to average uses should be prepared to pay anywhere from $300 to $1500 for a top quality, professional logo design. What's included with your logo? You will then have to pay another graphic designer or printer to create the correct files. Be aware of what file types you will be needing and ask your logo designer what file types are included in their price.
The most common file types needed are AI (Illustrator) and EPS for most professional print jobs. These are vector format files. These files should be in a CMYK color format. Be aware that not all colors translate well on the Internet, especially GIF files. Ask if the logo designer used web safe colors. You should receive crisp 72 dpi files for the Internet. Be sure and ask your logo designer about your logo colors. You will need this information each time your logo is printed. Ask your designer how long they keep your logo on file in case you lose your versions later down the road.
You should also receive all rights (copyrights) to your logo. How long have they designed logos? In closing let me say that the information above is a personal opinion and is taken from years of searching logo design web sites and reading books on graphic design. An advertising agency handles logo design on a larger scale and incorporates an entire corporate identity service. Their logo design rates are many times higher than a graphic designers.
B. How Important it is to have a Professional Logo Design for your Business?
Having a good quality product doesn't necessarily assure the success of a business. Here comes in the importance for having a custom logo design. I think it is absolutely important for all corporate bodies to realize the importance of having a custom designed logo. A professional logo design goes a long way to establish the identity and exude the attitude of the company. Now, when we say 'professional logo design", we must understand that it is not a child's play, its a specialist job and better if it is assigned to a professional logo designer.
A logo, if done properly can leave a long and deep impression on your customers mind. They go a long way in depicting the image of your business. Just think about the IBM logo or Swoosh of Nike, do you even take a moment to think, to whom does that logo belong? That shows how powerful impact a logo can create in the mind of your customers. Wouldn’t you like your company to have an equally powerful logo?
A professionally designed custom logo can be very powerful in representing the company profile, the nature of job they do and the attitude of the company. There are so many logo design firm that offers excellent custom logo designs at unbelievable low rates. There are even companies that would happily do a quality logo for you for just $60-$80. Some companies would even allow you to quote "Your price" for "Your Logo" and they will do it at whatever price you quote.
The good news is, these days the corporate houses have started to realize the importance of establishing their brand and they are acknowledging the crucial role that a company logo plays in this process. The sooner the business houses realize the importance of professionally designed custom logo and stationery the better it will be for them and also for the graphic designing industry.
Recently, my designer friend was infuriated with a distant cousin’s request to create a logo design plus a set of stationary comprising business card, letterhead and invoice for under USD150. While I can empathize with her outrage, but honestly, a Google search will yields thousands of websites offering cheap logo design, as low as USD39.
One other possibility is for the logo designer to up-sell you when you sign on the dotted line. To illustrate, you might be asked to pay for an extra artwork for the logo to be rendered in black-white, or you need to pay for the logo usage guide to state all the specifications that you’ll need to produce a brochure or TVC later on. How much should you pay for a company logo design? To us folks that firmly believe a logo forms a formidable part in the formation of the corporate persona, corporate branding, marketing and public relations; the logo is definitely much more than just an illustration or graphics! You have to pay for research, concept, design assembly and production execution.
Your hired help has to look into your corporate mission, philosophy, beliefs, objective, goals, and aspiration just to understand your company, and probably you if you are the boss. Without such in-depth understanding, the logo experts will not be able to translate any corporate values into a coherent, creative graphics. The logo will be soulless.
Did you know the winged logo of Nike has a story behind it? Now, can you see the relation and association between Nike the sports good company and Nike the Goddess? Even the expert and the client agreed on the concept “wing”, but how should the wing look? Should it be Pegasus’ spreading wings or something more stylized as seen on the logo of Singapore Airlines? So much work? Yes, it is that much work. After all, your logo design is supposed to help you:
- Elicit immediate recognition (especially if the company has a “common” sort of name)
- a visual short-cut to convey the company’s personality, character or attitude (in short, corporate persona)
- Relate to your clients by conveying a feeling of familiarity and credibility
- Association with quality and satisfaction
You might like to have a further understanding on the importance of a logo, which is discussed in another article, “Why Logo is That Important” .
(Branding Expert, Advertising Agency, Graphic Designer and Freelancer all command different price tags)
Always get a logo that can reflect your coorporate branding and persona. Talk to several respectable creative agencies or freelance logo designers and hire the one that understood you best. Bear in mind that if you want the branding works, be prepared to fork out at least USD10,000 and more (and that is considered cheap).
If you want a professional logo design package that calls for original design, production guide on all imaginable surfaces, all workable softcopy files for print and web plus full release of all font and graphical elements, you are looking at least USD20,000 and up. If you are a start up or small business owner, tell the logo design expert specifically what you want and don’t want. Lastly, don’t lose the logo files you were given. My client lost his logo files and I had to get my people to manually trace a 16KB 72dpi logo, horrendously printed on a Micosoft Word document; and do touch-up.
A. How Much Is A Great Business Logo Really Worth?
A great logo can help a business project a positive image while a bad logo can bring a negative impression about a company. If a logo is the company spokesman, how much is it really worth?
Cheap logo designs are all over the Internet - logo designs under $150!, $99 logo designs, $75 logo designs, $49 logo designs and even lower! You will easily find a wide range of prices for logo design on the Internet. Be careful of cheap logo design offers, some designers may be using clip art. A logo design that includes a royalty free piece of clip art cannot be copyrighted. That same piece of clip art could be used on dozens of other logo designs. A designers portfolio should be displayed and there should be a wide variety of logo samples. Some logo designers charge one flat fee for a logo with no questions asked.
Can you imagine Coca-Cola purchasing a logo design for $99? All designs are not equal. Some logo designers charge additional costs for extra colors, extra modifications and extra preliminary designs. How much is a logo design really worth? A logo design is more valuable to a company than a single spot illustration. A logo has more value than just the hours spent on creating it. It becomes the companies identity.
Professional graphic design rates average anywhere from $30 to $75 per hour. If you see a logo design priced at $125 and that designer charges $50 per hour for design work, do you assume that they spent 2.5 hours on your logo? That price would include the time spent to contact you, the research done on your company and competition, the preliminary ideas, the changes, the finalizing of the logo, the file prep for each different format, sending the logo, billing and allowing you to have all rights to the design. So how much time was actually spent creating your logo?
Many professional graphic designers would be hard pressed to create a top notch illustration for under $150 let alone a creative, well designed logo. So beware of logos priced under $150, you may get what you pay for.
There's even more confusion about logo pricing. Some designers base their logo rates on several of these factors:
Logo Modifications - You could get charged for each time you want a change or modification to your logo. If a logo designer asks the right questions, does the research and stays in close communication with the client there should be no need for major changes during the creation of a logo design. Be a good communicator and explain to the logo designer exactly what you want your logo to be saying about your business.
Extra Colors - Printers charge more for extra colors. If a logo designer charges more for a two color logo than they do for a three color logo, get a detailed explanation as to why.
A logo designer should be able to decide for you the correct amount of preliminary designs it will require to create your perfect logo. An example would be asking for a yellow duck logo design and changing your mind to a red dog design once the logos are presented to you.
Adding an identity program to your logo is a legitimate cost. Designing the business card, letterhead and envelope layouts are normally a higher priced package. You should receive camera ready files for each design.
There is a standard reference for pricing graphic design and corporate identity projects. Any logo designer can purchase the book. A professional graphic designer would have a tough time supporting a family and a studio designing all of their logos below $200.
I'm not writing this to give exact prices for a logo design because each logo designers circumstances are different. The standard logo design rates are based on two major components, company size and application or distribution size. The majority of logo designs created over the Internet are created for small companies and individuals with limited application and distribution uses. Fortune 500 companies normally pay much higher logo design rates and use advertising agencies.
My conclusion is that the value of a logo should be based on a few important criteria:
1. Experience of the logo designer
2. Size & budget of the company using the logo
3. Scope and usage of the logo
4. Difficulty of the design
An individual or small company with small to average uses should be prepared to pay anywhere from $300 to $1500 for a top quality, professional logo design. What's included with your logo? You will then have to pay another graphic designer or printer to create the correct files. Be aware of what file types you will be needing and ask your logo designer what file types are included in their price.
The most common file types needed are AI (Illustrator) and EPS for most professional print jobs. These are vector format files. These files should be in a CMYK color format. Be aware that not all colors translate well on the Internet, especially GIF files. Ask if the logo designer used web safe colors. You should receive crisp 72 dpi files for the Internet. Be sure and ask your logo designer about your logo colors. You will need this information each time your logo is printed. Ask your designer how long they keep your logo on file in case you lose your versions later down the road.
You should also receive all rights (copyrights) to your logo. How long have they designed logos? In closing let me say that the information above is a personal opinion and is taken from years of searching logo design web sites and reading books on graphic design. An advertising agency handles logo design on a larger scale and incorporates an entire corporate identity service. Their logo design rates are many times higher than a graphic designers.
B. How Important it is to have a Professional Logo Design for your Business?
Having a good quality product doesn't necessarily assure the success of a business. Here comes in the importance for having a custom logo design. I think it is absolutely important for all corporate bodies to realize the importance of having a custom designed logo. A professional logo design goes a long way to establish the identity and exude the attitude of the company. Now, when we say 'professional logo design", we must understand that it is not a child's play, its a specialist job and better if it is assigned to a professional logo designer.
A logo, if done properly can leave a long and deep impression on your customers mind. They go a long way in depicting the image of your business. Just think about the IBM logo or Swoosh of Nike, do you even take a moment to think, to whom does that logo belong? That shows how powerful impact a logo can create in the mind of your customers. Wouldn’t you like your company to have an equally powerful logo?
A professionally designed custom logo can be very powerful in representing the company profile, the nature of job they do and the attitude of the company. There are so many logo design firm that offers excellent custom logo designs at unbelievable low rates. There are even companies that would happily do a quality logo for you for just $60-$80. Some companies would even allow you to quote "Your price" for "Your Logo" and they will do it at whatever price you quote.
The good news is, these days the corporate houses have started to realize the importance of establishing their brand and they are acknowledging the crucial role that a company logo plays in this process. The sooner the business houses realize the importance of professionally designed custom logo and stationery the better it will be for them and also for the graphic designing industry.
Custom Logo DesignGreat article …Thanks for your great information, the contents are quiet interesting. I will be waiting for your next post.