Professional Documents
Culture Documents
DOMAIN
1. thetenderwood.com
2. thetenderwood.in
INTRODUCTION
The Tender Wood is supposed to be a brand for wooden toys – both personalized and non-
personalized which follows the monetessori and waldorf principles initially with the future prospect
of venturing into simple, aesthetically appealing nursery furniture like floor bed, study table, toy
storage furniture, etc as well as nursery décor items and ornaments.
Why Toys?
1. Unorganized Market
2. Minimal Investment
3. Simple Business Model
4. Unique Toys which are present in the Indian Market but are very few, far and in between
5. ‘Local for Vocal’ momentum has opened up the prospect for Indian handmade toy as Chinese
companies and brands are being banned. The focus is now on making the toys in India.
6. India is set to become the second largest exporter of toys in the World according to reports.
https://economictimes.indiatimes.com/news/economy/policy/a-phased-manufacturing-plan-
for-toys-in-works-as-india-looks-to-become-export-hub/articleshow/78759937.cms
The above site is for reference but there is many more articles and research reports as well.
7. Mukesh Ambani has taken over Hamleys in 2019. As of now, most toys sold by Hamleys are
made in China but that is going to change soon. The shift is happening under the ‘Make in India’
program. Although there are many plastic toys of all ranges and quality available on Hamleys.in
and there are quite a few wooden desi toys as well like a spinning top, or desi dolls, there is no
representation of Monetssori toys at all. https://www.hamleys.in/
8. Huge child population in India and the foray of a single child to dual income parents are on the
rise.
9. The importance of toy manufacturing in India is highlighted by PM Narendra Modi in Mann ki
Baat in August 2020.
PROFIT MARGIN
The cost of manufacturing each wooden toy ranges from Rs. 1200 to Rs. 2000 (additional costs
for packaging and GST is to be added) which can easily be sold with a 50% profit at Rs.3000 to Rs.
4000. This price is for MOQ of 25 pcs.
From all the manufacturers that I contacted to get the rates, sharing the contact of one that I
liked the most:
Bhavna (Jaipur) +91 9351694257
Assuming we start with 4 toys which are fast selling, is for toddlers and helps in clearing the
interviews for a pre-schooler, we will require an initial investment of Rs. 1,50,000 - 2,00,000/-
only.
The toys that has been used for the purpose of concluding this cost of production is as follows:
1. Number and Stacker – Rs. 1493/-
https://oakandever.com/products/1-10-natural-number-counter-and-stacker?
_pos=1&_sid=7e163b66a&_ss=r
COMPETITORS
Within India
1. Toy room toys
https://www.instagram.com/toyroomtoys/
2. Kidstack.in
https://www.instagram.com/kidstack.in/
3. Bloon Toys
https://www.instagram.com/bloontoys/
4. Piccolo Toys
https://www.instagram.com/piccolotoys_india/
5. Shumee Toys
https://www.instagram.com/shumeetoys/
7. Paras Toys
https://www.instagram.com/woodentoysindian/
8. Heather
https://www.instagram.com/woodentoysofindia/
9. Edutoys india
https://www.instagram.com/edutoysindia/
12. Toycra
https://www.instagram.com/toycra/
Strong Competitors: Shumee Toys, Bloon Toys, Chitrani Wooden Toys, Ariro Toys
PLEASE NOTE THAT NOT ALL TOYS MADE BY THE ABOVE MENTIONED BRANDS ARE PREMIUM. SOME
BRANDS MAKE TOYS FROM A MATERIAL KNOWN AS WPC WHICH IS A COMBINATION OF PLASTIC
AND WOOD, WHICH MAKES IT CHEAPER AND GIVES A PLASTICKY FINISH. COMPARE PARAS TOYS
(USES WPC) WITH GRIMMS TOYS (USES WOOD) TO KNOW THE DIFFERENCE IN THE FINISH.
Outside India
1. Toysrus
https://www.instagram.com/toysrus/
2. Bajo Toys
https://www.instagram.com/bajowoodentoys/
3. Make me Iconic
https://www.instagram.com/makemeiconic/
6. Papoose Toys
https://www.instagram.com/papoosetoys/
https://www.instagram.com/honeybeetoys/
8. Tillystoys
https://www.instagram.com/tillystoys/
9. Plan toys
https://www.instagram.com/plantoysofficial/
World renowned or unique brands: Oak and Ever, Mirus Toys, Grimms Wooden Toys, Melissa and Doug,
Skwish Toys, Babi Pur
Other Competitors:
1. Fisher-Price Toys
2. Chicco Toys
3. Firstcry.com
4. Hamleys.in
5. Funskool
6. Lego
7. Magna Tiles
PLEASE NOTE THAT STOCKING OF THE PRODUCT IN ANY OFFLINE STORE WILL PROVE TO BE A BIT
DIFFICULT AS IT IS VERY PREMIUM AND NICHE. THE ALTERNATIVE OPTIONS TO STOCK IS NUMBERED
BELOW:
1. Premium Pre-school Nursery and Nursery following Montessori principles
2. Creches/Day care facilities of Multi-National Companies
3. Toy Libraries
4. Hamleys in Phhoenix Mall, Mumbai
5. Firstcry Store in Phoenix Mall, Pune
DRAWBACKS:
1. Unaware Population: Creating awareness is our Job. A study conducted by Podar International
Montessori in Mumbai states that the parents’ first choice is always a soft toy, or a plastic toy.
But when they were made aware of the benefits of a wooden toy, they started being more
conscious of the toys they were purchasing for the child.
2. The wooden toy may contain some humidity and like every other piece of wood, cannot be
exposed to water.
3. The polishing may fade with use just like a piece of wooden furniture.
4. Requires care to store. Assuming it is aesthetically appealing few toys like a Wobble Board,
Pikler Triangle, Stacking stones, Grapats, Mandalas, Rainbow Stacker can in fact become a
beautiful piece of décor in any home. It is paramount that we market it accordingly.