Pros:
– A toy store offers a wide variety of products that can bring joy to children.
– It allows entrepreneurs to set their own hours and be their own boss.
– There is potential for high profits due to the markups in toys.
– It can provide a unique shopping experience and build strong customer relationships.
– Selling toys online makes it easier to reach a wider audience.
Cons:
– Toys are expensive, so there’s potential for high overhead costs.
– The toy market is highly competitive, so entrepreneurs must be creative in order to stand out.
– It can be difficult to find suppliers that offer the best prices.
– The toy industry is prone to fads, so it’s to stay up-to-date with trends.
– Sourcing quality toys from reputable manufacturers takes time and effort.