Good Business Idea
by Elisa
Thu Mar 20, 2008 at 10:35:02 AM PDT
Newsweek recently profiled the creative home business of a mom in Houston. Lori Pope, mom to 15-month-old twins, rents out toys for kids as old as five years old ala Netflix.
Before you have the same initial reaction I had, which was "eww" to drooled-on, used toys, she sterilizes and shrink-wraps all toys before mailing them out.
Lori Pope pulled some $250,000 out of the oilfield supply business she already owns to launch the Web start-up last fall. With a warehouse of 6,000 toys, BabyPlays.com offers various membership plans that allow parents to rent toys as long as they want, and then send them back for different toys. At $37 a month, the cheapest plan allows families to keep four toys at a time. The most expensive plan is $65 a month for 10 toys.
Pope shops for playthings she thinks are safe, stimulating and sturdy.
Even if she did not have the oilfield business, I would think her idea would not require that much in start-up costs. Lord knows she could have my kids' toys, which are enough to fill an aisle at the toy store! Like the mom who invented the restaurant high chair cover, this story made me think, "Why didn't I think of that?!" Good for her.
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