1. Attracting new consumers through brand upgrading
If the current consumer base can't support the business to improve its performance, it needs to change its name or build a new brand image. Then the company must upgrade its brand through vi design in order to reach new and more consumers and increase the sales conversion rate.
2. The business has outgrown its initial goals
When a business grows too fast, it needs to upgrade its brand image to ensure that its range of services maximizes its access to the market. Any successful brand must be alert to its leading position in the competitive market. This is the time, then, when it is necessary for a business to revisit its current brand image to see if it has the best competitiveness.
3. Brand image hasn't been updated for a long time
In recent years, several brands such as Youku Video, Today's Headline, ZARA, Geely, oppo, etc. have been upgraded and optimized. Why all the famous brands are upgraded and optimized? In fact, the purpose of these brand upgrades is to adapt to the development of the new era, so as to attract more and more younger generation of consumers, especially after 00.