It is without saying, toys are very popular items for children. Children love toys. Furthermore, toys are useful for educational purposes also. Most toys provide at least some opportunity for children to learn. The best toys engage a child’s senses, spark their imaginations and encourage them to interact with others. Here in this article, we have provided 10 lucrative toys business ideas for your ready reference.
The Indian toy industry is estimated at about 400 million US dollars. And until now it acquires only 0.5% of the global market. However, the growth of 15 % promises a rapid rise in this statistic. Especially in the context of the growing middle class and increasing demand for quality and luxury goods.
Currently, Ahmedabad, Bangalore, Hyderabad, and Pune are the major toys producing states in the country. In India, children usually accompany their parents and have a direct influence on their buying decision. TV advertising plays a major role here. The most popular product categories are electronic toys, followed by soft animals and hard toys.
List of 10 Toy Business Ideas
#1. Balloons Making
You can start balloons making on a small scale. In addition, balloons toys are also very popular. The major investment is simple machinery and raw materials. The market is very promising. However, you must tap the local market first. Read More…
#2. Educational Toy Selling
Babies are eager to learn about the world around them, and they have much to learn. Every new shape, color, texture, taste, and sound is a learning experience for them. Even educational toys are useful for toddlers. The demand is growing. You can sell from a retail store. Otherwise, you can start an online small store with a comparatively small capital investment.
#3. Electronic Toy Making
The electronic toys market in India is largely import-oriented. Electronics remote-controlled toys are very popular. Therefore, the manufacturing of this item is financially viable as per the revenue-earning model. Read More…
#4. Kites Making
You can start kites-making from home. Now you can also avail good cutting machine for quality production. Different types of small and large kites are very popular among kids. Even young people and seniors love kite flying.
#5. Online Toys Library
This is one of the most profitable businesses in the industry. With the recent technology development, you can start a small online store with small capital. Nowadays, parents prefer to avail themselves of the rental opportunity rather than purchase. In addition, you can include different products like CDs, DVDs, books, etc. Read More…
#6. Soft Toys Making
Making soft toys is one of the best toys business ideas for women from home with little money. In addition, it doesn’t demand any major machinery involvement. You can start the business with simple equipment and tools. However, you must invest in raw materials and packaging consumables. Read More…
#7. Sponge Toy Making
This is another profitable business you can start from home. In addition, this business only demands some simple equipment and tools. Furthermore, you will need to arrange raw materials like colorful sponges and decorative items. The raw materials are easily available in the local wholesale market.
#8. Toy Import
India imports huge different types of toys every year, The list includes, scooters, different dolls, tricycles, puzzles, etc. To start this type of import business, you must obtain an IEC code. However, this type of business demands a substantial amount of capital investment. And profit margin is very lucrative. You can distribute the materials in the local retail market.
#9. Toy Store
This traditional business has still huge potential. However, you must secure a good retail position. In addition, you can include other kids’ stationery and entertainment-related products. However, if you are starting with small capital, focus on a niche audience.
#10. Wooden Toy Making
This is also a home business. Nowadays, You hardly need to have any artistic skill to make a wooden toy. There are different machinery that works with computer design. Wood is also a popular item in the home decor industry. However, the major reasons for their popularity are they are not fragile and last for a long. A truly passionate individual can start this business with a small capital investment.
The toy industry in India is very lucrative. It offers different opportunities for entrepreneurs. Furthermore, a toy makes education enjoyable for children. In addition, growing numbers of playschools have added fuel to the industry. Even there are different types of franchises available in the industry.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.