This is the base for the Action Figure concept I came up with. If you want to make one for yourself, please remember the following:

1) Remember to put your character's name in the space under the logo.
2) Add some kind of accessory/feature in the "NOW WITH:" bubble.
3) Remember, it's a toy - don't go overly detailed if you don't think it can be made into a figure. Also, don't forget joints if you want it to move =p

Please send me a note/comment with a link to your finished version - seriously, I want to see it! ^-^

If you need a reference on an end version, this is what I did:
http://www.furaffinity.net/view/1792060/

Good luck, future toymakers!