Create Text Styles
WHAT IS A STYLE? A style is the style of your text in Photoshop. It saves all your strokes, patterns, colors, etc. It's kinda like giving the PSD for your text stylization so someone else can use it instead of manually going through and setting the same colors and everything else that makes it appear the way it does. You can Google "Photoshop Styles" to learn more.
Step OneOpen a new document in Photoshop. You can make the background whatever color you want, I'm just using a transparent color so it looks better for this tutorial. Type out your text like normal in whatever font/color you want. You will design your text like you normally would in Blending Options. Experiment a little, ya never know the good stuff you'll discover. =] I designed my text with a basic bevel & emboss effect.