Fun & Games: How to Open a Toy Store

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Open a Toy Store Business Overview:

If you love bringing smiles to kids’ faces and you’re a child at heart yourself, you should learn how to open a toy store where the grins are guaranteed. As the owner of your very own toy store, you can decide what types of toys to carry. Instead of the mainstream commercial fare, you may decide to stock only specialty or educational toys. You can also decide who your customers will be. Do you want to sell toys only for babies or will you stock educational toys for all ages? As you can see, opening a toy store is a business idea that can go in many different directions. This is why it’s vital to have a solid toy store business plan in place. Your business plan will help you answer these questions and many others so you don’t waste time and resources going in too many different directions. When you research how to start a toy store, you will need to consider how you will market your new store. Taking out ads in local family magazines is a good place to start. You could have a big grand opening sale with fun events and promotions that you advertise with direct mail. Discount coupons and word of mouth will also help get new business in the door. But perhaps the most important thing you can have at your store is great customer service. Shopping for toys at a large chain store can be aggravating and unpleasant. Giving your community an enjoyable alternative can be the key to success in the toy store business.

A Day in the Life of a Toy Store Business Owner:

This article brought to you by Business Ideas! If you enjoyed this article, make sure to subscribe to the Business Ideas Newsletter to get ideas sent straight to your email inbox.You will start your day making sure all your displays are in order and your staff is there and ready to open the doors. You will spend the majority of your day talking to customers and helping them find just what they need. You will also talk to your distributors to check on orders and delivery dates. You will meet with your staff at the end of the day to discuss any issues that arose during their shifts and to prepare for the next day. Finally, you will record the day’s earnings and take a look at your bottom line to ensure it is healthy.

About Your Customers:

Your customers will be toy lovers, both young and old, looking for the perfect toy for themselves or as a gift for someone else.

What You Need to Start:

  • Business plan
  • Marketing plan
  • Storefront
  • Toys
  • Display cases and shelves
  • Staff
  • Computer with finance software

The Good:

  • If you love toys and being around kids, this business is fun and easy.
  • Helping kids find toys they love is very rewarding.
  • Happy customers will return time after time to purchase toys from your store.
  • If you know where to get toys wholesale, you can make a good profit.
  • Once your store is up and running, your staff can handle the day-to-day operations and you can take time away when you need to.

The Bad:

  • The investment is steep; you will need to have financing set up and be prepared to wait a while to turn a profit.
  • Toy shopping can be seasonal so your profits will be inconsistent depending on the time of year.

Resources:

Start This Business Today:

To start a toy store business today, we recommend you purchase Become a Toy Store Owner. This helpful guide will lead you through how to open your own toy store. You will learn how to choose a good location, why you should consider buying a franchise, how to market your business, and much more. For more information or to purchase this HIGHLY RECOMMENDED book, click here.




The Marketing Program is a step-by-step, walk-you-by-
the-hand bootcamp.

Each month, we give you ONE (and no more than one) "marketing project" to complete in your business.

You do that one project each month . . . and we guarantee that if you do the stuff, you'll double your online income during the next 12 months, or we'll double your money back.

Anyway, each monthly marketing project is a plain -as-day, from A-Z, step-by-step, no B.S. blueprint (that has been tested and proven to work over and over again) for getting multiple on-demand cash infusions into your business.


Technorati Tags: , , ,


CONSUMER NOTICE: This is an affiliate ad supported website. That means if you buy something from a link, or ad on this website,
or based on our recommendation, either expressed or implied, we may get paid an affiliate commission. That's how we pay the bills.
Affiliate Agreement | Anti-Spam Policy | DMCA Notice | External Links Policy | Earnings Disclaimer | Privacy Policy | Terms and Conditions | Compensation Disclosure | Refund Policy | Video and Audio Terms

Copyright © 2010 - 2012 Business Ideas and Avenue 81, Inc. Contact Information: Avenue 81, Inc., 2885 Sanford Ave SW #13607 Grandville, MI 49418 USA Phone: (888) 329-4905 Email: claycollins@ave81.com