Prices for logo designs can vary; for example, the price of a logo design depends on the quality and who created it. Designing a logo, with or without external support, is an iterative, multi-step process that may involve research, brainstorming, sketching and various design concepts. Another thing to keep in mind is that you will probably need more than just a logo. And your logo will appear in many places.
The obvious places are business cards and the website. But you'll also want black and white versions if you plan to create invoices, letterhead and envelopes. In addition, you will want to devise a colour scheme for your company. It should be well thought out and tested before you decide to hire a logo designer.
Your logo may be the embodiment of your company's identity, but it is not the only identifying image. And if you ever find one, it only means that they treat design as a commodity, which is fundamentally wrong because, according to the principles of logo design, logos should be timeless and unique. Take a look at the graph above, which shows the differences between cheap logo design VS professional logo design. One method of knowing how much to charge for a logo design is to determine the effect your logo design will have on the company.
Hourly pricing is not the most ideal pricing structure for logo design, so make sure that if you choose this route you are not underestimating the time it actually takes to create a logo design. The process of designing a logo is not a quick 5 minute job, so a professional logo will take longer and of course cost you more. A professional branding agency is another option for getting your logo designed, and this often includes a top to bottom branding package for the cost (not just the logo design package). For example, if you are a logo designer fresh out of college, your logo design should probably cost less than someone working as a senior designer with 10 years of experience.
Many professional designers, experienced design consultants and design firms charge by the hour for new logo creation services. Keep in mind that whatever path you end up taking, it is important to find a logo design agency or designer that fits your communication style, your desired design aesthetic and, of course, your budget. New designers often charge a lower hourly rate as they look to create new business and build their design portfolio, but may need a more detailed creative brief or design brief and more revisions to deliver a great logo. A logo design is never a quick, one-off design that is never used again: it will most likely be placed on t-shirts, letterheads, business cards, banners, brochures and much more.
Crucial steps in the design process, these are things you can (and should) include in your logo design budget.