Finding the funk in Funko


More than simply toys, Funkos are a life-style.

As he introduced us round the Sheldonet retailer in Mid Valley, 40-year-old Cheah Yew Hoong’s pleasure couldn’t be contained, even behind his face masks.

“I love Harry Potter,” he exclaimed. The founding father of the solely bodily Funko Pop retailer in Malaysia additionally dropped a shocking tidbit. “I’m a scientist. I hold a masters and PhD in biochemistry from UKM and I own a biochemical company,” he stated, chuckling.

The self-professed Liverpool fan started amassing collectible figurines of soccer gamers at the age of 18, and his love of the passion solely grew from there. “I like the cute looking ones – big head, small body – but I was eventually more exposed to other types of figurines”. When he found Funkos, his amassing fever solely grew stronger. He wished to share the pleasure of the passion with others, and determined to get into the enterprise, making it his secondary job.

Today, Cheah has each single Funko mannequin ever produced – greater than 10,000 items and counting. Funko began off producing bobblehead collectible figurines of basketball gamers, and it wasn’t till round 2010 that the firm began creating the Funko Pop figures that we all know and love as we speak. More product traces have been quickly added to their vary.

“Funko is the principal and they hold around 400-500 licenses now. Currently, you can see over 60,000 collectible characters from movies and TV series,” Cheah stated.

With factories in China and Vietnam, the US-based firm encountered some high quality management points. Customers typically complained about the distinction in supplies of sure bins or collectible figurines, and questioned the authenticity of their buy. “People tried to compare [Funkos sold locally] with items from the US. However, the difference was because the products were actually manufactured by different factories. That was a big problem during our infancy stage,” shared Cheah. “Funko’s quality control has since improved and such problems are now rare. To mitigate the risk however, I now purchase extra boxes just for exchange purposes.”

Baby steps

“We started with distribution – department stores, toy stores, and standalone stores. The restriction was that they only gave us a small area to display the Funkos. My principal eventually suggested that I should have my own store,” Cheah stated. This was as a result of the show areas have been not adequate for the vary of merchandise that they had. He shared: “That was what prompted me to start a retail store. I didn’t have much experience in retail at the time, but somehow, I came across this lot on the mezzanine floor in Mid Valley. “This is sort of a benchmark store for us, and we are looking at opening another store in LaLaport, Bukit Bintang sometime in 2022.”

Ever rising

When requested the place he sees the enterprise going in 20 years, Cheah stated Funko has turn out to be an enormous toy participant globally and that opposite to following market developments, the firm creates them.

“I think the common size Funkos will always be there, but they will likely come up with even bigger sizes or different lines.” On prime of traces designed for the mass market, there are additionally distinctive collectible gadgets, comparable to Funko Soda vinyl cans. There are additionally music albums with laser discs that come as a collectible field. The information made us squirm uncomfortably at the considered Funkos that we by no means knew we wished till now. The listing of objets d’artwork is infinite, however that’s the way it retains individuals coming again. “You don’t need to paint your walls. Just decorate it with Funkos,” Cheah advised.

The enlargement

“At first, this shop was designed to be a gallery. [During] the opening, there were so many who wanted to purchase the items instead of just looking at them, so we switched to a shop concept,” Cheah said. Customers who visited the shops they distributed to solely had entry to a really small vary of the fashions supplied as a consequence of restricted house, and the firm determined they needed to change issues up. “Instead of just Star Wars characters, for example, we could now have Marvel, DC and Cartoon Network characters side by side,” he shared. Marketing smart, the firm saved the crew busy with over 20 to 30 roadshows yearly, and animation clips that garnered curiosity from followers.

Turning menace into alternative

The brick and mortar retailer misplaced plenty of gross sales throughout the pandemic, however the enterprising Cheah noticed it as a possibility. “We started off in the Klang Valley but with the power of the internet, we managed to reach collectors from regions like Johor, Sabah and Sarawak. “We surprisingly managed to grow a fanbase in other states during MCO.”

The crew needed to turn out to be proactive and engaged with followers by way of video games on social media and thru newsletters. They additionally created throwback film Pops and created Sheldonet cell sport teams to maintain followers .

“As we could still access our warehouse in Kajang, we had one or two staff with the MITI letter go in and pack what was needed,” Cheah shared. “I still remember that we had a couple of containers that were stuck in customs and could not be brought to the warehouse, so we had to resort to pre-orders. The response turned out to be great.

“I can see it in the expressions of collectors when they see the Funkos. From the movies to the comics and memories, I like how they feel about it and this is something I always tell my team – we don’t need to hard-sell Funkos, we just need to sell the inclusions because it touches emotions. It generates small pieces of memories that people can collect.”

Source link