I made 750 monogram stickers and then took 410 of those stickers and stuck them to the navy blue card stock circles I punched. Next up, gluing/sticking skewers to the card stock/sticker combos to make the cupcake flags.
To make it easier to line up the 1" punch with the monogram circles, I took the monogram image into photoshop and filled the background with blue. Then I created square images that I repeated across the page in Word. I printed on 8.5x11 labels and then cut into strips for easier punching. Viola, no need for punching perfection 'cause even if my punching skills are a little off, the outer line is still blue.