A good logo design does not necessarily have to be complicated or extravagant in its styling and in the use of its colors. A lot of very big companies use very simple but very eye-catching logo designs. And these are invariably working out very well for them. For example IBM has an extremely simple but very good logo design. There is minimalist use of color and style but its understated simplicity is capable enough of bringing across the reliability and stability of the company.
Logo Design
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