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A business model project on Toy & Games Library for a marketing project presented during our MBA course in IBS, Hyderabad
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MARVAC Pvt.ltd presents
TOY TOWN
Let’s Play, Let’s Learn
Our Mission is to provide best services in the toy industry that makes learning and creativity a joyful experience
Mission Statement
We envision of empowering our children with creative brilliance through love and care who will lay the foundation of a progressive and developed nation. We thus aspire to invoke and unlock the inner genius of every child who will contribute to the nation and the world with his unique sets of skills and talents
Vision
•Children get bored with toys very fast
•Children demand new toys every
month
•Toys are very expensive
•Working parents needs some caretaker
for their children.
Why Toy Library ?
Birth Rate -23.1 per 1000 person
Birth Rate in Urban Area- 18.6 per 1000 person
Income per capita - Rs.38,000 approximately
Whole toy and games industry is worth Rs.4500 crore
Indian Market Size
One stop destination of toys for kids and youngsters
Services provided:• Toys on rent• Purchase of toys• Day care service• E-services
Concept:
Competition
Government Regulations
Brand awareness
Consistent Quality assurance
Service delivery challenges
Challenges:
Toys:Established toy and game stores like Archies Other players with high investment availability
Daycare: Local players Magic Minds ( Bandra ) Sunningdale fun school daycare(Malad)
Competition:
• Infants (1-4 Yr)
• Youngsters (5-12 Yr)
• Teenagers (13-18 Yr)
Prospective customers:
PC gamesSports equipmentBoard gamesWide range of toysDolls Knowledge based games
Product:
Lifetime Membership card(A)
Rental Range(B)Rs.
Redeemable Points(C)
Membership Fees(D)
Refundable Deposit(E)
TotalCharge(D+E)
Platinum Plateau
>5000 6 points Rs.3000 Rs.1500 Rs.4500
Gold Bar 3000-5000
4 points Rs.2000 Rs.1000 Rs.3000
Silver Star 1000-3000
2 points Rs.1000 Rs.500 Rs.1500
PRICING STRATEGY:
•Every redeemable point is worth Rs 1 .
•Points worth Rs 50 can be used to avail discount on various services.
Learning toys = 15% of MRPDolls & Action Figures = 15% of MRPComputer Games = 20% of MRPSports Equipments = 20% of MRPBoard Games = 25% of MRPElectronic toys = 25% of MRPX-box & PS = 30% of MRPDaycare Facilities = 300 Per Day
Products with a price >1000 Rs will be rented for a week
FINE:Depending on the degree of damage to the toy at the time of return.
Products of Famous brands like Hotwheels , Mattel ,Kid gallaxy Hasbro , Fisherprice are made available by
oWholesalers
oFactory outlets
SUPPLIERS
Our kids Magazine “ BACHPAN “
Viral MarketingBanners & HoardingsContests And QuizzesPrint Media Pamphlets
Advertisement and promotions
Maternity hospitalsPlay schoolsPediatrician clinics High schoolsShopping mallsAmusement parks
Where to promote:
• Child and parent relationship program
• Website and online order facility
• Companies can use our space and awareness
to promote their brands
• Animated movies promotion
• New Computer games promotion
Strategies:
• Minimum requirement of 1500
sq ft.
• Located in posh residential
area• Location selected – Colaba, Marine Drive, Nepean Sea Road, Bandra
Store Details
50% personal sources
30% Venture Capitalist
20% Bank Loan
Funding
Market entry – 14th November ,2009
Break-even by 201125% profit by August 201440% market share by August 2014
Chronological details:
5 year plan:Expand to all major cities in India
Rent books and sell stationary
10 year plan:Build our own toy companyExpand globally
Future Prospects
BY,M-Mayank BansalA-Akash KinariwalaR-Rajani JainV-Varuna MadanA-Aditi MaheswariC-Chintan Jain
Thank you