Developing A Toy Exchange App For 2021

Developing A Toy Exchange App For 2021

Mobile app development

The toy industry is worth about $100 billion dollars in 2021 and growing. As such there is a lot of opportunities for aspiring app entrepreneurs to undertake app development and focus on creating niches within the toy markets which can be fulfilled with apps. One such idea we are going to propose today is a toy exchange app.

Kids love to play with toys but get tired of the same toys pretty quickly. As such, parents are forced to keep buying new toys as older ones are abandoned by their children. Their is a lot of churn that happens with toys for parents. As such, a toy exchange app will allow parents to exchange the toys they already have with some other parent who can offer the toy they have. Both parents will be able to provide a new toy for their child without spending a penny.

Benefits of Toy Exchange App Development

New Toys For Children

Children get to play with new toys without purchasing additional toys over and over. Also parents can choose which toy they are going to exchange for their children.

Wider Choices

Parents can choose from the toys available on the app and setup an exchange. As such they get to have a wider choice of toys and parents can choose the toys as per their child’s interest. For example, if a child is interested in motor cars mostly, parents can only exchange for other type of car toys.

Environment Friendly

As toys which are made of plastic and rubber are reused, environmental impact of making new toys is reduced and resources are optimally used.

Connect With other Children & Parents

Parents can setup play dates with children who like the same kind of toys as their children and with other parents to discuss parenting.

Reduce Old Toys

As parents need to keep buying new toys, they quickly fill up their closets with old toys that are no longer being used by their children. As such with a toy exchange the parents can reduce the amount of unused old toys they have.

Potential of Toy Exchange App Development

As per our research, there are no such apps on the market despite the massive size of the toy industry. As such, the filed is wide open for an aspiring app entrepreneur to develop an app and establish himself in the field without much competition.

As such you can tap into an $100 billion industry with a unique idea that has no real competition right now.

How To Get Started

To develop a toy exchange app you need to deliberate and take the following steps

  • Key Features of the App

  • Tech Stack

  • Development Team & Budget

  • MVP and Incremental Development

Let’s discuss each of these points in detail.

toy exchange app development
Proposed UI of the toy exchange app

 

Key Features of the Toy Exchange App

Here are the proposed features for your app. We have selected these features based on what the end user will want and technical feasibility.

Fast Login: Provide users the ability to login with their existing social media or email logins by connecting all major APIs.

Main Feed: The main feed will feature all the products being listed for exchange and app related updates. Users can filter the main feed for products, category and location as per their choosing.

Personal Profile: Users can setup their own personal profile, toy preferences and add information such as payment info.

Toy Listings: Parents looking to exchange a toy can create a listing with all relevant details such as location, toy condition & category, exchange terms and preferences.

Payment Gateways: All major credit card and debit card supporting payment gateway incase a parent needs to buy or pay a deposit or conduct any type of transaction.

Search: Parents can search for toys based on category, gender, location, brand, condition and other major filters for toys.

Messaging: Parents can message each other to initiate the process of exchanging apps.

Order Tracking: Once an order for toy exchange is placed, third party delivery providers can be used to deliver and pickup the toys. These third party providers can be integrated with the app for realtime order tracking.

Realtime Location Sharing: Users can opt for real time location sharing for finding nearest toy deals and exchanges from nearby parents.

Top Exchanges: Listings getting the most likes or interest from users can be filtered through a separate section.

Reviews and Credibility Scores: To avoid spammers and fake users, strict background checks and verification should be established so that users can freely exchange toys without worry.

Setup Playdates: Parents can setup play dates with children who like to play the same type of toys and who are nearby.

Condition Check: The app provider can setup condition check for the toys being put on exchange so both sides can confidently exchange toys.

toy exchange app development
Children will get to play with new toys with no additional cost

Tech Stack

Here is a tech stack that we think will be a good fit for your app idea. You can pick and choose your tech stack as per your needs.

Coding Languages

  • Java

  • Swift

  • Xamarin

  • React Native

  • Flutter

Framework

  • Node.js

  • Express.js

Database

  • SQL

  • MongoDB

  • ASP.Net

Web Servers

  • Nginx

Cloud

  • Amazon S3

  • Microsoft Azure

  • Google Cloud

Other

  • Google Maps

  • Bing Places

  • Apple Maps

  • Google Analytics

Payment Gateway

  • Stripe

  • PayPal

Development Team & Budget

For the development, you will need to discuss with app development experts and refine your requirements and finalize the timelines and MVP for the first launch. The app development experts can help you select the right team and choose from a list of eligible candidates after going through their resumes and personal interviews. Interviews can help you select the right personnel with the right culture fit and skill set.

For budgets, you can ask your app development expert for the right timeline sand flexible and custom payment models. You can hire developers on a dedicated basis and they will only work on your project. Essentially you will be building an in-house offshore team. Or you can go for a pay as you go model where you will pay after a development milestone is reached. Most app entrepreneurs prefer this model but if you are looking for a highly customized solution and a very hands on approach, you should opt for dedicated development.

MVP & Incremental Development

With MVP you will decide on the most critical features and provide them in your first iteration. Based on the experience with the MVP and user feedback you will keep adding on the newer features as and when needed. This is akin to developing a pyramid where you will keep on add in new layers on top of the base. The base will be the MVP with the most critical features.

Conclusion

Developing any app is a massive undertaking. However with planning and the support of the right team you can do it quiet efficiently and easily. Toy exchange app development is relatively new on the app development market so be prepared to refine your idea a bit further. If you would like to discuss your idea in detail, drop us a line below and we will provide you with a free & secure 30 minutes consultation with NDA.

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Posted on August 18, 2021 by Krish Nair
Krish Nair
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