lowfi,
Once you print what you want on the paper, you spray it with clear krylon gloss 2 to 3 coats and let dry an hour or so. Then cut out the logo or whatever and soak it in water just like any decal, and after about 15 seconds, slide it off the backing and onto your bait, press with paper towel to extract water and let dry. It will be seamless when you apply top coat. It will not yellow, it will stay whatever color you printed on your computer. Real easy to do.....
Rod