I would be careful lasering glass if you use the cut setting (vector setting). I've done it, and it makes a small channel with lots of little cracks around the channel - be aware you may lose some structural stability after lasering this way. I've also shattered glass on the laser (with high power and slow speed... it looked cool but probably not what you're going for ) so if you're going to do it use relatively low power.
Engraving works great.
Also, consider just getting larger size sticky clear or white paper from Avery and just print your labels - it's less fun than lasering, but may be easier for you unless you have really fancy stuff you want to do that really requires the laser's awesome superpowers :)
Another option is to use a vinyl cutter if you're really set on vinyl, though fine details will take a while to pick off the base sheet.
Greg