Many children are now avidly into Lego toys. Lego’s creativity has inspired imitations and brought some revenue to Lego distributors worldwide. If you’re thinking of having your own Lego business, then you must know that the Lego Company has a system that you have to follow in order to be part of the elite group of people who make real money with Legos. It is called the “Lego Product Life Cycle,” and it helps to simplify the whole process. Here is how it works.
When the original bricks were first sold, they were called “lego bricks” or “lego parts”. In order to lengthen their useful life and make more bricks, people started to add on different features to these simple, brick-like toys. Soon enough, people started building their own customized play sets. The first ones were made from wood but soon after, steel blocks were added to the list of possible materials. The Lego Company, the name that stuck in everybody’s mind, then started the product life cycle by licensing its bricks to retailers.
In order to extend their already extensive product line, the company uses a standardized form for every brick in the toy. These standardized forms have the same measurements and colors so that it will be easier for consumers to recognize their own personal set. Brick manufacturers are also responsible for producing boxes, cases and other protective accessories for the Lego toys. The actual manufacturing of the bricks starts from the factory where the plastic bricks are mixed and prepared for shipment. Once the manufacturer receives the Lego bricks that are pre-approved according to the design and specifications of the manufacturer, they seal them in plastic wrap and send them to a distributor.
This is how the Legos Business works. You become a vendor when Legos toys sell well. You market the toys so that there is an ongoing demand for them. Your investment in the business is made when people buy the product. And when they do, you make money by delivering the product to the doorstep of the buyer.
As the Lego Company grows, so does the competition in the toy market. The company uses different strategies to stay ahead of the pack. For example, the latest trend in the toy market is to produce different colored bricks with different features. The concept has spread worldwide and is becoming more popular. In order to capture a market, a Legos Company turns to manufacturing colorful bricks that are differentiated by their shapes and sizes.
This is what is known as ‘brick recycling’. The Legos Company started this concept because they found that most parents were sending their old used bricks back to the suppliers. The company then took those unwanted bricks and transformed them into new products like Legos! When the initial product life cycle was completed, you would then earn a profit by selling additional sets of bricks. The profits are then divided between the people who contributed to the idea and the manufacturers.
It is very important to remember that creativity should not be copied from one person to another. A great concept is always taken and improved upon and patented. When the company started out producing wooden toys, they discovered that the natural coloring of the wood took away from the toys’ quality. Therefore, they started using plastic bricks to change the color of the toys’ body.
A great concept that has become even more popular is the use of Legos to make building blocks. The idea came from a man named Reuben Rand, who believed that all children should have a toy computer that played educational games. He also believed that all children should have fun building toys that can solve problems and learn while they play. The Legos Company listened to his idea and began the process of manufacturing wooden blocks that can be used to build anything imaginable, from houses and cars to skateboards and Frisbees.