With sales revenue skyrocketing, Chinese homegrown cosmetics brands should think of business strategies to not only promote sales, but also build brand image, industry experts said.

According to a report released by Shanghai-based research consultancy CBNData, in 2020, sales revenue of China"s cosmetics industry increased 23 percent year-on-year, and that of domestic cosmetics brands surged by 78 percent on a yearly basis.

Meanwhile, the report said that in 2020, investments into the country"s cosmetics industry totaled 4.8 billion yuan ($741.1 million), up 324 percent on a year-on-year basis. Homegrown cosmetics brands such as Guangzhou, Guangdong province-based Yatsen Holding Ltd and Kunming, Yunnan province-based Botanee Group also completed initial public offerings.

Liu Qian, an expert at consumption online media portal Chaomoods, said: "After having bestsellers, newly emerged domestic cosmetic brands are no longer satisfied with short-term profits. They are shifting from a sales-oriented development mode to a brand-oriented mode."

"When sales of newly emerged brands reach a certain stage through non-price-oriented marketing methods, this gives the brand unique memory points and increases user stickiness, thus allowing enterprises to grow sustainable brands," Liu said.

He added that through the development process, newly emerged brands face the dilemma that merely focusing on quality cannot accurately gauge marketing effects, while only focusing on sales raises the cost of acquiring customers. Therefore, pursuing both quality and sales becomes the goal of brands.

Li Jin, general manager of the social e-commerce department of Shanghai-based skincare brand Pechoin, said: "Consumers" highest level of recognition of a brand is to purchase its products and become advocates of the brand. With numerous top sellers coming out, the combination of quality and sales is a brand"s ultimate goal."

To reach the ultimate goal, Chinese homegrown cosmetics brands are constantly exploring various consumption scenarios and making innovations.