Here is what we are going to create

Let’s begin :

Step 1:

Start a new document and enter the text.

Step 2:

Let’s add some shadow and inner glow to give it that velevet effect

to add shadow go to : Layer>Layer stlye > Drop shadow and make the following settings

Step 3:

To add inner glow go to: Layer>Layer style> Inner Glow and make the following settings

that’s it and we are done

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This is what we gonna create :

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Step 1:

Create a new document of size 178*178 pix.

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Step 2:
Make a new layer then
Draw a circle by holding he shift key and fill it up with a colour. I have used red.

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Step 3:

Click on the Ploygon lasso tool and draw the lines as shown below.

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Step 4:

Go to Select>Inverse or press Shift+Ctrl+I

and press delete

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Step 5:

Now we see the outline of the alpahbet of ‘A’ let us make it more stylish.
again use the Ploygon lasso tool and play with it this is what i got.

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Step 6:

Let’s make it 3d now

Go to layer>Layer Style> drop shadow

Go to Layer>Layer Style> Inner Shadow

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Step 7 :
This is what i got