COLOR YOUR FUTURE
“65% of consumers’ purchasing decisions involve color factors, and color can increase brand recognition. Once a brand establishes a connection with color and emotion with consumers, they are willing to pay more. Speed to market for new products is crucial for market sales, and inaccurate colors can cause significant losses.”
This highlights the critical role of brand recognition in marketing strategies. Brand recognition represents consumers’ initial intuitive understanding of a brand’s positioning and image. It encompasses indicators such as awareness, understanding, recognition, and top-of-mind awareness. By assessing these indicators, we can determine whether a brand has successfully established positive brand recognition. And don’t forget, color plays a significant part in this process!