A quality logo and visual identity provide a professional and trustworthy impression. Conversely, a low-quality logo can appear amateurish and careless, which can discourage potential customers. If people don't have confidence in your business, it can lead to undersales and loss of revenue.
If people can't easily identify your brand or associate it with a particular product or service, it can lead to a loss of business. You may find yourself in a situation where you have to invest in advertising campaigns and marketing efforts to create awareness for your brand, which can be costly.
This can include changes in fonts, colors, or overall design to make the logo look at least a little more appealing. Each individual modification also incurs costs for graphic design and time that could be spent elsewhere.
If your competitors have professional and attractive logos, they can get more attention from customers. This may result in you having to invest more in marketing and promotion to keep up with the competition.
While the cost of creating a quality logo may be higher at first glance, it can save a lot of money in the long run. A quality logo lasts for a long time without the need for updates, brings customer confidence and helps maintain a competitive advantage.