Forums: Discussions for entrepreneurs and small business.

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Now that you have decided to start a toy store but how will you make it a success.

 

1. I believe you will start one from scratch.
2. Who all will be your customers.(Age group)
3. What kind of products needed for that age group?
4. Where are you going to setup your store?
5. What price range you are looking for?
6. Do you have budget for promoting your store?
7. What is your strategy to handle staff and customer theft?
8. What is your overall budget and how are you going to arrange it?

 

On answering all these questions will help you generating a business plan for starting your toy store.

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9. What legal process will you have in place to handle potential hurt customers might bring about by misusing your toys.

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Life is a sum of all your choices!

http://www.ourfunnel.com

This raises a serious question. Are there any brick and mortars to compete with Toys R Us other than Walmart? I mean strictly a toy store? In Connecticut, no. How `bout where you are?

We don`t have anything around here, strictly for toys, but we do have a hobby shop, I think it`s called. It`s not "Hobby Lobby," but a store devoted to things like RC cars, planes, boats, and for models and not-craft-type hobbies.

But I think this is a whole problem these days, where the "big box" stores have consolidated a genre or niche, and sort of driven out of business the small, local, unusual stores. Online shopping captures the strange or different, but it`s not easy to build a niche-type store these days.

Where it becomes a bigger problem is when all the individually-owned shops close up, then the big stores cut back on their inventory. At that point it`s either shop online or nothing. And that`s where I hope (wish?) that the explosive growth in entrepreneurial cottage-industry businesses may come back into vogue.

Yes that`s a point the only one we have near me is toys` r` us, sad isn`t it.

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Life is a sum of all your choices!

http://www.ourfunnel.com

So....opening a toy store would be a good thing, right? 

Well you would have to ask yourself,how would you compete with the big name brand of toys r us with out having a couple of million to start up, unless your going to stock the big name brands that they do, you are not in the game.

You will just be left with with all the cheap chinese rubbish, that gets sold on ebay.

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Life is a sum of all your choices!

http://www.ourfunnel.com