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Types of logo designs include word mark, letter mark, brand mark, and pictorial emblem. Lettermarks, also known as monogram logos, are composed of just text using company initials for long brand names. For example, NASA stands for the National Aeronautics and Space Administration. Monogram logos are suggested for clients with lengthy brand names that may not work as a logo. The challenge lies in making a few letters iconic and distinct. This video explains each logo style and when to use them in projects.