Every logo is different, which makes it impossible to give a flat price for any particular design. This being the case, all graphic designers use different methods to determine the cost for developing a logo.
In this article I will describe some of the most common methods for logo pricing below. Working on your initial budget? Try out the interactive . If you are a freelance designer looking for tips on how to bill clients, check out this great article on billing clients.
Depending on where you will want to use your logo, which should be on every item associated with your business. You will want your logo to look good in black and white as well as in color. Make sure you request both versions from a designer.
The design industry uses 3 types of logo pricing
- Hourly Rate
- Fixed Price
- Package Rates
A very common way for graphic designers to charge is by the hour. Depending on the experience, location, and many other factors, the hourly rate can be anywhere from $5.00 (outsourced overseas) to $500.00 per hour (For a high-level consultant)! This is a huge difference but I have seen both and just about everything in between.
The important thing is to make sure the logo designer is worth the rate they charge. Always check with the designers past clients and remember – you really do “get what you pay for”.
Flat Fee Pricing
Many graphic design firms will give you a set price to deliver a logo design. They will usually give you a few variations to choose from. Make sure you have a thorough and < a href="">complete requirements list before you begin the project. Make sure you get it in writing so you both have clear expectations.
Flat Fee Logo Design Examples:
- Professional Agency: $1000 – $5000
- Independent Firm: $500 – $3000
- Freelancer: $250 – $2500
- Offshore Designer: $5 – $250
- World Famous Designer $1,000,000
Logo Package Rates
Jansen Creative like many graphic design firms has pre-made packages that are usually cheaper than asking for several things piece by piece. Many graphic designers will have a package rate then allow you to request customization at an additional charge. Packages will usually include multiple versions of the logo. Files in bitmap and vector format. Different resolutions, grayscale and black and white versions. And often they will include a business card design or some other collateral designs that integrate the logo.
Logo Design Contests
You may have seen design contest websites that offer to get you 50 or more logo designs for you to choose from and you only pay for the one you want. With contests you will run the risk of getting a generic result that looks like clip art, delivered from an inexperienced designer. This makes it hard for you to build a reputable and trademark-able brand.
Ideally you want to build an ongoing relationship with your designer, someone who understands you mission and vision for your growing brand.
Choosing the Right Designer
There has been a huge trend in corporate America to outsource IT and logo development work overseas because of the drastically lower rates that people will work for in countries like India, South America and eastern Europe. Large companies have built offices in these locations to enjoy the low cost of the local labor pool, this can help their bottom line. The big difference between a large company using a overseas workforce and small company or individual is that the large companies usually have management in place to keep things running smooth.
If you are thinking about outsourcing, you should read this article: Should I outsource my project?
After the Logo: Building your Brand
Another thing to consider is that you will need more than just a logo, and your logo will appear in many places. The obvious places are on your business cards and website. But you will also want black and white versions for invoices, letterhead and envelopes. Additionally you will want to come up with a color scheme for your company. It should be well thought out and tested before deciding on hiring a logo designer. Your logo may be the personification of your company identity, but it is not the only identifying image.
A good logo designer will have experience with many aspects of the design and implementation of your entire identity as a company. If you are just looking to get a quick and cheap logo created, there are certainly many designers out there that can help you. But when you get serious about creating a brand for your company, you will want someone with more experience. If you are also planning on getting a website, check out how much does a website cost?