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If you take a closer look at the Toy, Doll and Game Manufacturing Industry, you will realize that operators in the industry have experienced a challenging operating environment over the past five years.This is because price competition in this industry is high, domestic players in the industry having been forced to reduce prices to compete with inexpensive imports sourced from developing countries with low-labor costs.
If you are interested in starting a toy manufacturing company, then you would find this sample toy manufacturing company business plan template highly useful.
Toy manufacturing business falls under the Toy, Doll and Game Manufacturing industry and this industry is made up of companies that manufacture dolls, doll accessories, action figures, toys, games (including electronic), hobby kits and children’s vehicles (except metal bicycles and tricycles).
Statistics has it that in the United States of America alone, the Toy, Doll and Game Manufacturing industry generates over $2 billion annually from more than 595 registered and licensed big toy, doll and game manufacturing companies scattered all around the United States of America.
The industry is responsible for the employment of over 6,254 people.
A rise in imports is expected to continue, aided by a strengthening US dollar.
Over and above, the toy, doll and game manufacturing industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can choose to start on a small scale or you can choose to start on a large scale with standard toy, doll and game manufacturing factories both in the United States of America and in countries in Asia where you can get cheaper labor and raw materials. is a registered toy, doll and game manufacturing company that will be located in Santa Fe – New Mexico; in an ideal location highly suitable for the kind of manufacturing business we want to establish.
This is so because starting a business of your own is one sure way of becoming financially stable.
The rule of thumb in choosing a business to launch is to look out for a business whose products or services are needed in our everyday life; a business whose products can be purchased by the rich as well as the poor and a business that is less competitive in your location.
We want to build a business with a wide range of clientele base cut across people of different financial status.
We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large they are. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.