Click on 'Insert,' again at the top of MS Word. When the menu appears, let your mouse arrow hover over 'Picture.' Here you'll have several options. You can create your letterhead on the fly using some of those options. However, for our purposes we'll opt to choose 'From File,' since we already have a ready graphic. Click on the option, 'From File,' and a dialogue box opens. Locate your graphic and then click on it and then click the 'Insert' button. Your graphic will then appear inside the dotted box.
Labels are generally not expensive, but if you don't want to spend more than is necessary, you can just as well create them yourself. It's easy, quick and fun. And besides, creating your own label template will not only save you money, but it will also add a personal touch of originality and it will personalize the labeled items. Labels can be funny and cheerful or they can add professionalism, they can confer uniformity or stand out. Basically, when you create your own template for a label, the only limit is your imagination.