If you are good with graphics and have a image editing program such as Photoshop or Fireworks, you can create logos and graphics for websites. Webmasters regularly hold competitions and offer a prize for the best.
This is a good way to improve your skills by seeing other entries, however do not copy them. These contests can be found all over the web and they are mainly found on forums such as Digital Point.
Use online tutorials to get better with the programs and create different effects. Ensure that you watermark your logos when posting so they are not stolen. Ensure payment is received before sending an un-watermarked version.
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