Toys on rent franchise are a brand new concept of business that is evolving speedily like a wildfire. Think about it as a library where books are substituted by toys, kids puzzle games, board games, building block games, soft toys and many more. This idea originated in the western part of India, but now, it caters to almost the entire country and almost all age groups of children. Increasing popularity of toy rentals have inspire many to follow this concept and serve children by providing fun as well as educational toys.
Though the concept is relatively new for the toy industry as well as in the world of franchising, its success can be judged merely from the fact that various brands are now entering in this sector. Some believe that the toy rental franchise is better suited to Housewives and retired persons who wish to involve themselves in a unique kind of work. Both spend more time with children and understand them and their passion for toys better than any other segment of the society.
Excavating the Lucrative Benefits of Making an Investment in Toy Library Franchise Business:
High Returns Rate at Low Initial Costs:
There are very few initial requirements to start this business. All you need is full commitment to quality, service and the aim to offer the best of experiences to kids. This is a sustainable business model which capitalizes on temporary ownership of toys – an idea that has enormous potential to expand business in the competitive market.
Smooth Management:
Many varieties of toy libraries are operational now via franchise models in India. They inspire other aspiring professionals to start this business of serving happiness to children by fulfilling their demands for the right toys at right age. As a franchise, this business model is smooth functioning and doesn’t pose many challenges either. This is because the parent company provides everything like business development support system, marketing materials, updated stationery and even a web space.
Updated Library:
Under the toy library franchise model, you have to keep updating new games and toys in your library by understanding the expectation levels of children. As up until now, there is very less competition exists in this green concept sector, you don’t have to worry much about updating procedure. In this industry, the parent company fulfills their responsibility by providing new toys, games, books and CD’s, and helps you to keep your inventory updated.
Social benefits:
With the concept of toy library franchise, a fixed amount has to be paid to the library before a kid takes a toy home to play with, and when he loses interest and gets tired with it, it can be returned and easily passed onto other kid. This concept prevents wastage and helps the society indirectly by nurturing kids’ interests.
So, if you are looking for an interesting new business idea then, consider going for a toys on rent franchise.
