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TOY ECONOMICS#1
The study of market dynamics affecting the value and demand for collectible toys.
E-COMMERCE#2
Buying and selling goods online, essential for launching an online toy resale business.
MARKET ANALYSIS#3
A comprehensive assessment of market trends, competition, and consumer behavior in the toy industry.
SOURCING STRATEGIES#4
Techniques for finding and acquiring collectible toys from various channels.
DIGITAL MARKETING#5
Promotional strategies using online platforms to reach potential customers.
BUSINESS PLAN#6
A detailed document outlining business goals, strategies, and financial forecasts.
LEGAL COMPLIANCE#7
Adhering to laws and regulations governing toy resale and e-commerce.
COLLECTIBLE TOYS#8
Toys that are valued by collectors due to rarity, condition, or historical significance.
SUPPLIER RELATIONSHIPS#9
Building connections with vendors to ensure reliable sourcing of products.
PRICING STRATEGIES#10
Methods used to determine the selling price of toys to maximize profit.
USER EXPERIENCE DESIGN#11
Creating an intuitive and engaging online shopping experience for customers.
SOCIAL MEDIA MARKETING#12
Using social platforms to promote products and engage with potential buyers.
FINANCIAL PROJECTIONS#13
Estimates of future revenue and expenses for planning business sustainability.
NEGOTIATION TECHNIQUES#14
Skills to effectively communicate and reach agreements with suppliers.
TOY SAFETY STANDARDS#15
Regulations ensuring that toys are safe for consumer use.
EMAIL MARKETING CAMPAIGNS#16
Targeted email communications to promote products and drive sales.
BUDGETING#17
The process of planning and allocating financial resources for business operations.
KEY PERFORMANCE INDICATORS (KPIs)#18
Metrics used to evaluate the success of marketing strategies and business goals.
INTELLECTUAL PROPERTY#19
Legal rights protecting creations, including toy designs and branding.
CUSTOMER TRUST#20
Building confidence with consumers through transparency and quality service.
MARKETING STRATEGY#21
A plan to reach and engage target audiences effectively.
ONLINE STORE MOCK-UP#22
A visual representation of an e-commerce website layout and design.
CONSUMER BEHAVIOR#23
Understanding how buyers make decisions regarding toy purchases.
ECONOMIC INDICATORS#24
Statistics that provide insights into the overall health of the toy market.
TOY COLLECTING CULTURE#25
The community and practices surrounding the collection of toys.
RETAIL CHANNELS#26
Different avenues through which toys can be sold, including online and brick-and-mortar.