If we talk about toys, they help in the intellectual and physical development of children. Therefore, it becomes very important to talk about Toy Manufacturing Business. If you have young children in your home, we do not need to tell you the usefulness of toys because you know very well how much children like to play with toys. So whenever a person still hears about toys, he returns to his childhood. Because toys remind even older people of their childhood. By the way, toys in India can be divided into many categories like plastic toys, soft toys etc. But presently there is a significant demand for electronic and battery-powered plastic toys.
However, Toy Manufacturing entrepreneurs also make other types of toys like paper toys, cloth toys, wood and metal toys. But it is not safe to give toys made of wood and metal for children to play, that is, they can injure themselves with toys made of these heavy objects. This is the reason that people do not like to buy such toys for children, and they are slowly losing their popularity.
Currently, educational toys and activity toys are also becoming quite popular because these toys are helpful in the intellectual and physical development of the child. Even today, Toy Manufacturing Business in India is generally being done more by cottage industries. Various types of electronic and soft toys are being manufactured in them. As far as electronic toys are concerned, remote-controlled toys, walkie talkie sets, musical toys, video game toys, educational toys etc. are very famous. Currently, there is a great demand for toys in the domestic market of India, so starting this type of business here can be very beneficial.
What is the toy-making business?
As we have already said earlier, in India too, different types of toys are being liked by children. The purpose of some toys in these is to entice, entice, play games to children because parents or guardians of children want their children to be happy. So the purpose of some toys is not just to entertain the children but also to teach them in sports, this is the reason that such toys are called educational toys. Educational toys consist mostly of toys made of plastic, while the toys for children, recreation, toys are both soft and plastic toys. When an entrepreneur commercially manufactures and sells them for the purpose of earning his income, this work done by him is called Toy Manufacturing Business.
Toy sales potential:
India has seen a large increase in the middle-class population in the last few years due to the improvement in their standard of living due to the increase in the income of the lower class. And in India, it has always been seen that the middle class of all types of goods has been a large customer. India’s urban population is the second-largest in the world, and cities are less prone to outdoor sports like rural areas, which is why almost all people buy some toys for their children.
Toy manufacturing in India is largely done by cottage industries, or in unorganized sectors, with only a few of the hundreds of manufacturers being of international standards. Skilled workforce, diverse range, innovation and creativity for this sector in India, and people focus on learning, etc. are some of the points that create good opportunities for this business. However, some Indian manufacturers are still looking forward to catering to every level, big and small, and they are also exporting toys manufactured here to outside countries. But India itself is a very big consumer of toys and most of the population here likes to feed and entertain their children with toys so that their physical and mental development can be completed.
In developed countries, where the number of toys per child is very high, it is still much less in India than in developed countries, but it is increasing rapidly with the passage of time and with the increase in the income of the people. . Therefore, starting Toy Manufacturing Business here can prove to be very beneficial.
How to start a toy-making business?
The purpose of toys is to entertain, entertain or feed children, so there is no doubt that a lot of innovation and creativity is required to start a Toy Manufacturing Business. If you too have the power and creativity to think something new, then you can start this toy-making business. By the way, there is no shortage of toy artisans in India, but by adding something new to those traditional toys, the creativity and newness in the entrepreneur must be there to make them compatible with the present. Since toy making in India is mostly done by the unorganized sectors, the entrepreneur also has the opportunity to establish his own brand and give him a new identity in this field. So let’s know how a person can start their own Toy Manufacturing Business.
1. Do local research
By local research, we mean research at the local level, in which the entrepreneur doing Toy Manufacturing Business has to collect information about various things and statistics at the local level. After which he will be able to decide whether he should proceed in that particular business or not. The entrepreneur has to know about the category of toys sold in that particular area i.e. the entrepreneur has to find out whether there are more electronic toys or soft toys. Electronic toys have their own subcategories, including musical, educational etc. Also, is any entrepreneur already doing this type of business in that area? Will the entrepreneur be able to get artisans and skilled workers to make toys in that area at reasonable rates? Will raw material be available at the available rates? Many such questions require the entrepreneur to find answers through his local research. And then after evaluating them properly one has to decide whether it would be right for him to start the Toy Manufacturing business.
2. Select Toy Category
As we have mentioned, the most famous category of toys currently is plastic and soft toys. And they have many subcategories, so the entrepreneur must now decide which category of toys he wants to produce. However, if a person wishes to start a Toy Manufacturing Business, he can choose the category according to the local people’s choice in local research. Because in the early days the entrepreneur would need to sell his toys in the same city or some nearby cities and the entrepreneur might have a budget shortfall to sell his product from one state to another.
3. Place and Artisans Management
As we have said that innovation and creativity are very important for Toy Manufacturing Business and if we see that there is no shortage of skilled labour making toys in India. But no matter how innovative and creative the entrepreneur is, he needs skilled workers to make toys. And if the workers are already experienced then it is better but if all the workers are not even experienced, then the entrepreneur must appoint at least two experienced workers.
The entrepreneur may need to be appointed primarily as Design Engineer, Production Manager, Skilled Worker, Unskilled Worker, Peon, Sales Executive etc. And as far as the space for Toy Manufacturing Business is concerned, it depends on what level the entrepreneur wants to start it. But 400 Square Meter space would be suitable for an average factory.
4. Required License and Registration
Although most of the toys in India are being manufactured by the unorganized sectors if the entrepreneur plans to start a Toy Manufacturing business by establishing his own brand. So he will have to register his business with the Registrar of Companies, a factory license will also be required under the Factory Act. It may also be required to obtain a trade license from local authorities such as Municipal Corporation, Municipality etc.
Although GST registration is mandatory only after crossing a certain turnover limit, if the entrepreneur is thinking of establishing his own brand, he should also get GST registration done in advance. Apart from the commercial connection of electric water supply, industry base registration may also be required.
5. Buy machinery and raw materials
Machinery and raw materials can also vary depending on the categories of toys, that is, if the entrepreneur doing the Toy Manufacturing business plans to make electronic toys. So he may need the following machinery and equipment.
- Digital multimeter
- Temp Control Soldering Unit
- Lcr meter
- Drilling machine
- Analog meter
- Tool kit
- Electric screwdriver and screw feeder
- Combined Soldering D Soldering Station
- High-Speed Mini Drill Set
- Computer and UPS
The raw material for making electronic toys
- Plastic or fiber body chassis
- Toy car motor controller
- Front and back brushless motor
- lithium battery
- Lithium polymer battery charger
- Micro gears made of metal
- Remote control unit
- Wires, cables, connectors, mechanical parts, electronic parts, packaging materials
Machinery and raw materials required to make soft toys
The following is the list of machinery, equipment and raw materials required to make soft toys.
- Three-four sewing machine
- Scissors, tape, needle etc.
- The rack
- Other equipment
- Packing machine
- Fur cloth
- Stuffing material
- Eyes, ribbon, thread etc.
- Packing material
An entrepreneur doing Toy Manufacturing Business can manufacture any category of toys as per his / her planning. By the way, this kind of machinery and raw material can be easily purchased from any famous market. And currently, various online platforms are also available with the help of which the entrepreneur can easily find the supplier of raw materials and machinery used to start any kind of business. So the entrepreneur can find a supplier through a website like IndiaMart, TradeIndia. But vigilance is very important in online dealing so that any type of deception can be avoided.
Start Toy Manufacturing
Now if the entrepreneur has done all the tasks successfully, then his next step should be to start the process of Toy Manufacturing. By the way, the manufacturing process of different categories of toys is different. But as far as the manufacturing process of electronic toys is concerned, some of its important links are as follows.
Transmitter: The transmitter’s job is to transmit radio waves to the receiver.
Receiver: It is the part of the toy that is placed inside the toy as an antenna or circuit board and its function is to receive the signals sent by the transmitter and to activate the motor inside the toy as per the command.
Motor: Its function is to perform specific actions according to the signals received by the receiver. In a car toy, the motor helps to turn the wheels, drive the vehicle, propeller, etc.
Power source: Power will be required to power the motor, so the power source in the Toy Manufacturing process refers to the rechargeable battery pack from which the motor receives power. Sometimes it can be a rechargeable battery rather than a normal battery. Apart from all this, the assembly of electronic circuits, electro-mechanical hardware parts is also used prominently in making an electronic toy smoothly.
Soft Toys Manufacturing Process
The process of manufacturing soft toys is very easy and simple, so Soft Toy Manufacturing Business is women-friendly. That too, especially those women who already know sewing work, women can easily start this business as a cottage industry with 20 to 50 thousand rupees. The work of making soft toys is based on cutting, sewing and weaving. In this, the design of the toy is first prepared and then the fur cloth is cut according to the design of the toy and then stuffing stuff like sponges etc. are filled in it. And then in this process of Soft Toy Manufacturing, the eyes, nose, mouth etc. are made on toys with the help of needles and threads, this material is easily found in the market.