Thursday, 27 December 2012

Designing A Logo On A Shoestring Budget


Tuesday 13 July, 2010
Does your brand have the right look and feel? If not, it’s time to get back to basics. Start by reviewing your logo – and don’t let costs hold you back.
Using design to build your business is just like building a house. You start with the foundations and grow from there. Having a high quality, professionally designed logo will also make it easier to create other good-looking marketing elements, such as websites, brochures, e-newsletters and signage.
Your logo is the most important aspect of your brand image, and even if you can afford nothing else, it’s crucial to get it right. This is one of the cornerstones of building a strong brand.
Here are some tips for you to consider if you know you need a logo (or anything else) designed, but your budget is limited.

Choose suppliers who are the right fit for your business

When it comes to design, the term ‘budget’ is a matter of perspective. So how do you ensure that you and your designer are on the same page?
Be upfront and honest about your budget when consulting designers about your project. This will flush out who is a good fit for you and will also save you time and money in the future. Finding the right fit can take time, but is worth it in the long term.

Contra deals

Many small business owners successfully swap goods and services on a contra basis. If well managed, a contra deal with the right business could be a great way to get things done that you don’t have the cash flow to fund.

Arrange a payment plan

For large projects, you may be able to arrange a payment plan schedule with your supplier. In fact, the ability to do this could be one of the criteria you use to determine which suppliers are the right fit for your business.
Outlining your cash flow restrictions at the start of negotiations with your supplier makes it more likely you’ll be able to set up payment plan options. Some designers offer credit card facilities, which opens up opportunities to spread payments in weekly or fortnightly recurring cycles. Payment plans do need to be a win-win for both parties, so be aware that you may need to make some compromises.

Protect your logo

Finally, protect your new logo with a registered trademark. IP Australia is the regulatory body that oversees the registration of trademarks and patents in Australia. If engaging an IP lawyer is out of your reach, the IP Australia TM Headstart Program is a low cost method of registering your logo or trademarks.
Using design in your business is a very powerful way to create a distinctive and unique competitive advantage. Just because you have a shoestring budget doesn’t mean your business can’t look good!

Source:ceoonline.com

 

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