A children's toy business, It is a profitable business in sidewalk.

in Steem4Entrepreneurs3 months ago

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Assalamu Alaikum everyone, I hope you are all well. Today I have come with a business-related content. I will present to you how profitable the children's toy business is. In a place in my city, a man sells children's toys. So he has been involved in that business for several days. Children's toys are always popular products that parents love to buy for their children. Running a toy shop on the side of the road is profitable if the business is run with proper planning and attractive presentation. Let's know in detail about the profitability of this business, market demand and product arrangement strategy. See in the picture below, basically his toys are arranged as an open display.

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Profitability of the business

Toy business can be started with low investment and its profit margin is also good. Generally, if you buy toys at wholesale prices and sell them at retail, you can get a profit of 30% to 50%. Especially during the festive season, Eid, Puja or any fair, the demand for this business increases a lot, resulting in an increase in profit. If the business gains popularity, then an average of more than 3,000-10,000 taka can be sold per day. That is why this business seems profitable to me.

People Demand

Children love toys. Children are easily attracted to colorful and fun toys. Parents are interested in buying toys for their children, especially educational toys. Toys are in high demand during birthdays, school holidays, picnics and fairs. Roadside toy shops usually have low-priced toys that many people can easily buy. Children are more attracted to cartoon or movie-based toys, so these toys sell quickly. Below I am mentioning the pictures and prices of some toys that are usually sold as toys.

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  • The picture you see above is an elephant. It is a white elephant that is large in size and there is a small elephant below it. That is why it is written here as a double elephant. The wheels at the bottom of this elephant make it very easy for children to play from one side to the other.
Elephant price100 BDT local10 STEEM approx

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  • Now the picture you see here is a policeman and a police bike. This police bike is used to catch various thieves and it has a switch in it that when pulled, the wheels start rotating. Children love police bikes very much. In the video below, notice how the wheels turn when you pull the switch.
Police bike150 BDT local15 STEEM approx

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  • In this picture you can see a smartphone. Basically it is a toy smartphone. It only has a few buttons that when pressed, it plays music. I used to listen to a lot of music with this phone when I was a child. It was very nice. Children listen to music with this phone and they have fun talking to each other. It has two batteries that need to be recharged when they run out of charge.
toy smartphone200 BDT local20 STEEM approx

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  • This time you can see a very interesting police car. Usually foreign police cars are like this. They use the car to catch the accused, which is presented to the children in a very small size. Since the car is red, the children easily like it and they play thief police in this car.
Toy police car80 BDT local8 STEEM approx

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  • In the picture above you can see a small concrete mixer truck. Small children like to build buildings with sand and dust. So through this vehicle they will understand that they too can do masonry work and build buildings with concrete. This truck is so beautifully designed that you cannot tell that it is a toy concrete mixer truck.
concrete mixer truck200 BDT local20 STEEM approx
Product Arrangement Strategy

Since children like colorful and attractive things, the decoration of the store should also be attractive and eye-catching. Arrange the toys in such a way that they look attractive from a distance. Place brightly colored toys in front. Place cars, dolls, educational toys, balls, puzzles, etc. in separate sections. Keep battery-operated cars, dolls that play music or light-up toys on from time to time to keep children interested.

Offer offers and discounts. Offering offers like buy 1 get 1 free or special discounts can increase sales. Keep an easy-to-read price list in front of the store so that customers can easily understand the prices. Put up eye-catching signs. A store will look more attractive if it has a large and colorful signboard. See how beautifully the toy products below are arranged.

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In the picture above, you can see how beautifully this man has arranged all the toys. So that the children can see them very easily, most of them are remote controlled trains and cars. Surely you used to watch Ben Ten cartoons, there are cars of the same brand here.

This man in our area mainly sells these openly in our city's school games, fairs, Eid or various events. However, there are some tourist places such as huge bridges where they are also sold. However, the place from which I took the pictures was where he started his business initially and this is where he sells regularly.

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  • In the picture above, you can see many teddy bears. Everyone is attracted to the teddy bears when they are seen from a distance. Happy Birthday is written on the teddy bears. One child gifts them to another child on their birthday. There are also various types of beautiful dolls next to them.
Big Teddy price200 BDT local20 STEEM approx
Small Teddy price100 BDT local10 STEEM approx
Dolls price150-250 BDT local15-25 STEEM approx

Tips for success

Choose the right locationIf you set up your shop in front of a school, park, busy road or near a fair, sales will increase.
Be friendlyUnderstand the preferences of children and talk to them with a smile, this will make them more interested.
Follow the new trendCollect new and popular cartoon or game toys. For example, superhero action figures, Lego or remote control cars.
Promote on social mediaPosting special offers or pictures of new toys on Facebook or WhatsApp will increase sales.
Offer package offersOffer discounts or special offers for large orders. For example 5 toys in a package of 500 bdt taka.

Since I had already decided to review this business with you, I became that toy merchant for a day, haha. I took a picture of a spinning top spinning in the air. When the children run, it spins automatically from their hands, it is a wonderful toy.

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spinning toy20 BDT local2 STEEM approx

Any business has some challenges, but if you follow the right strategy, they can be easily overcome. Since it is a small-capital business, sales may decrease during the rainy season. So it is better to use a canopy or mobile shed. If you sell better quality products and at an affordable price than other shops in the vicinity, you will attract more customers. Along with low prices, the quality of the products should also be good so that customers come back again and again.

A roadside toy shop can be a profitable business if it is managed properly. By understanding the needs of people and arranging it attractively and satisfying the customers, it is possible to make the business successful easily. If you want to start a profitable venture with low investment, then a toy shop can be the ideal business for you. With proper planning and hard work, it can make you self-reliant. However, I have tried to explain it to you in a small way, I hope you all understand.

Thank You So Much For Reading My Blog, God Bless You 🥰

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 3 months ago 

Congratulations! This post has been upvoted through steemcurator08. We support quality posts, good comments anywhere, and any tags.


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Curated by : @mvchacin
 3 months ago 

Thank you very much mam for your kind support. It means a lot for me. I am grateful to you. Good luck. 🙏🙏

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