Drag and drop Label control from the toolbox on the window Form.

Display Text in Label.

Private Sub Form6_Load(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles MyBase.Load
         'display text in Label
         Label1.Text = "Hello"
 End Sub

The text will display in Label when Form gets executed.

The main event of Label is the Click event.

Private Sub Label1_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles Label1.Click
         'MessageBox will show message
         MessageBox.Show("How are you")
End Sub

When you click on the Text Hello is written in Label then click event will fire and the message box will display the message.

Label Control Properties

ForeColor:

The ForeColor of Label can be changed through the ForeColor Property of Label.

Private Sub Form6_Load(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles MyBase.Load
         'change Label ForeColor
         Label1.ForeColor = Color.Red
End Sub