You are limited in your options for inserting picture watermarks in your document. Unfortunately, you dont have the option of specifying the position of the watermark on the page it will be centered vertically and horizontally.
The majority of people will probably want their watermarks in the dead center of the page, but some might find this a little boring, not to mention restrictive.
Those who want to add a little more creative flair might want to experiment with the positioning of the watermark on the page.
Fortunately, there is a way to get around the restrictions on placement. If you have a photo or graphics program, you can use it to add white space to the edges of your picture
The blank portions wont print. But Word considers them part of the image, so they can be used as spacers that will push the image to one or more side of the page. For example: if you want the watermark in the bottom right corner of the page, add white space to the top and left sides of the image.
The drawback to doing this is it might take a lot of trial and error to position the watermark exactly how you want it to appear.
If you plan on using the watermark as part of a template, however, the process is well worth your while.

