How to make custom label in Salesforce?

<div>Follow these steps to create a custom label:</div>1. Go to SetUp -> Enter Custom Label in the Quick Find box -> Select Custom Labels
2. Click on the New Custom Label.
3. In the Short Description text box, Enter an easily recognizable term to identify this custom label. This description is used in merge fields.
4. Enter the name the label uses and this value is used in Apex and Visualforce pages to reference the custom label.
5. If you want custom label as protected: check protected component.
6. For Categories, enter text to categorize the label. This field can be used in filter criteria when creating custom label list views. Separate each category with a comma. The total number of characters allowed in the Categories text box is 255.
7. In the Value text box, enter text up to 1,000 characters. This value can be translated into any language that Salesforce supports.
8. Click on the Save.