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Little capital, lots of imagination
can reap good returns for soft toys:
Sangeeta Shekhawat, proprietrix,
Cutemate
Bangalore, March 20, 2001
If you want to make it big in
business, you can even start by thinking small. Well, if there is a paradox
there, it doesn't matter as long as it makes good business sense. Ask Sangeeta
Shekhawat, proprietor of the Cutemate range of toys. Based in Bangalore,
this lady has toyed with the enterprise for the past four years now, operating
right from home, single-handedly. Going by the response and the rate of
success, she isn't certainly complaining! indiamarkets met the lady and
learnt that there is a lesson, however small, for all those who can't get
away from home, but want to make an extra note and do something worthwhile.
indiamarkets: What does the Cutemate
range of toys comprise?
Sangeeta: Well,
most of it is about stuffed toys _ cute cuddly bears, chimps, giraffe,
baby dolls etc. But we also make glove toys; these are shaped like animals/birds
but are worn in, like gloves and are used to illustrate stories, puppet
shows etc.
indiamarkets: What are the materials
that go into your toys?
Sangeeta: It's polycotton
(a kind of soft cotton) that are used to stuff toys, besides synthetic
fur. The basic idea is that they have to be washable as it is kids who
use these and so get dirty very soon.
indiamarkets: Stuffed toys have
always been in demand. What is the age group of children who go in for
your toys; is it seen more as a girlish fad?
Sangeeta: It's amusing, but
I find lots of adults take the toys home for themselves! Apart from children
till the age group of 7-8, who are our main targets, we have older people
buying them, even guys to woo their girlfriends. I think the fact that
these are cute and cuddly, and that they make nice gifts, makes them
very popular. In fact, a lot of it goes into corporate gifts, as people
love having such things over their desktops and around their cubicles.
indiamarkets: It is estimated
that the domestic toy market has a potential to grow up to Rs 450 crore
this year. Also, it is said that there is a growing market especially for
soft toys and educational toys? How do you propose to exploit this potential
within your range?
Sangeeta: I for one market
my stuff mostly through schools where we can directly reach out to the
core target: the school children. I also get feedback from them which gives
me ideas before I start out on my next range. In the present range, like
I mentioned before, glove toys have a definite educational value for children.
I have sold this to various schools where kindergarten teachers are given
these toys while teaching the children.
indiamarkets: Do you think there
is a threat to the domestic toys from their foreign counterparts? Where,
do you think, imported toys, specifically soft toys, have an edge over
ours?
Sangeeta: Personally, I have
not found much difference between the two, but for the fact that they have
a better finish as they are machine-made, as against ours which are hand-stitched.
The materials they use are eco-friendly. But there is surely an element
of craze for foreign goods which tilts the scales in their favour.
indiamarkets: What are the requisites
to get into this enterprise, in terms of investment and other infrastructure?
Sangeeta: Very less. One
ought to know the basics of stitching and stuffed toy-making, for
which classes are held in lots of places. (These can be checked out from
newspaper/mag classifieds). And oodles of imagination. There is no limit
as to what one can do with stuffed toys. Any kind of enterprise does need
a lot of effort, but this gives a lot of scope for innovations, ideas in
terms of colours, utilities. For instance, you can create a huge soft chimpanzee
and make a pouch in his hand, that would turn into a pen-holder. You can
just attach a ring into the mouth of a teddy and that can double up as
a towel stand. Ideas are all that matter.
indiamarkets: What about the returns?
Are they lucrative enough?
Sangeeta: Quite high. I have
surfed a lot of websites that sell toys online and when I see the price
tags on them, I am shocked; they are so exorbitant. We sell at not such
high prices, yet manage to make a decent margin despite that. I think it
is well worth a try.
The author can be contacted at
vasanthi hariprakash > vasti@indiamarkets.com
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