HOW CO-WORKING SPACE MAKES MONEY? | CO-WORKING BUSINESS
Unlike other office spaces, the business model used for coworking spaces differs slightly. A coworking space is a start-up that has hampered the existing market scenario. Not only does it earn money in the form of income, but it has also expanded its branches to other sources of income, such as associations and memberships.
Rental of office infrastructure
As in a normal workplace, a coworking space has a series of jobs that lease individuals and equipment. The rental of this work station is the main source of income for most coworking spaces.In addition to dedicated work stations, many coworking spaces also offer rental cabins. Many of them also offer a flexible rental option, which offers users an on-demand solution.
Renting out space
Numerous coworking rooms with available rooms and meeting rooms also rent these rooms for events such as conferences, seminars, training workshops, etc. They charge low fees compared to other resource-intensive solutions and also provide adequate facilities for such events.
Virtual offices
Some coworking spaces even add virtual desktops to their business model. A virtual office is a preferred business address used by the company for lists, emails and packages when the team is working from home.
A virtual office is a CO-WORKING BUSINESS blessing for entrepreneurs who like to work from home, but who seek a first class address when it comes to starting a business.
Marketing
Because there are large differences between types of businesses, work structures and employees in coworking spaces, some B2B companies often use these spaces for advertising purposes. Even workshops or training courses held in the coworking space serve to promote the product and become a source of income.
Premium subscription
Each product company has features and facilities that can be used by paying a certain amount at a certain time. The premium membership is a one-time fee that is generally charged annually and provides access to the camps. This form of income generation also ensures loyalty.
Partnerships
With a multitude of tasks under one roof, it will be easier for investors and members to touch each other. Strategic links with angel investors or venture capitalists increase the popularity and popularity of the masses. Coworking Spaces is a simple way to connect investors with the founders of the startup and charge a small commission.
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