I print all my labels on matte removable full sheet labels, then cut the labels with either a punch (for circles) or a sharp blade paper trimmer. For this label I used a Fiskar's paper trimmer. I like using removable labels and I like only having to keep one type of label in stock so I can afford to by in larger quantities for better pricing. If I need a waterproof label, I just laminate the matte removable label or use a roll of clear adhesive vinyl.
I designed this label with brand label template software, and just printed on the full sheet labels and cut with pinking shears.