I will be making monograms,a monogram is a motif made by overlapping or combining two or more letters or other graphemes to form one symbol, also emblems, graphic marks, symbols, ideographs logotypes to promote your instant public recognition. I'll be creating visual entity signifying yourself or your company/organization.
Color is a key element in logo design and plays an important role in brand differentiation. The importance of color in this context is due to the mechanics of human visual perception wherein color and contrast play critical roles in visual detail detection. Seek Tier 2 or 3
Before a logo is designed, there must be a clear definition of the concept and values of the brand as well as understanding of the consumer or target group.
All the additional info is available in the GIG itself.