I just started a thread on this last month. I was looking for a way to relabel all of my bins. Before the had a sticker label that you had to write on. But they faded, would soak up any kind of residue and started to wrinkle and come off, as the adhesive wasn't very good.
After reading through the ideas and suggestions I received in my thread I decided to go with a Dymo 160 label makers. It's handheld and really makes good labels.
I cleaned off all the old stickers and put on new Dymo labels. From my experience so far and all the reviews I've read they seem to be really great.
I've found the label maker and the cartridges for them at my local Staples and Walmart. If you decide to buy in store be sure to have them compare price to Amazon. I managed to get the label maker for less that half of what both stores wanted. I also got the cartridges each for about half of store price.
Here's an idea of how they look of my storage bins