BakoBags

This logo doesn't attract or entice me visually to want to buy bags from there. It has to be unique and memorable. You don't need an illustration of a bag as such as the name gives it away. What you need is a nice graphic mark to go with your type.

This isn't horrible. It's a good start, IMO. The typography needs to be tweaked. Better contrast between bako & bags is needed. For example, put bags in a thin sans serif. And put your text on the same line >< use your rulers... they are there for a reason. If you can get your typography in this to be really strong, you wouldn't need the purse or it could just be a small graphic placed in front of the text or something. Keep working on it.