Optimising Your Space to its Full Potential
You want your space to stand out from the crowd. To do that, you’re going to have to give it the love and attention it deserves! Now we’re not saying you have to renovate or remodel your space every few months. Actually, it’s the small things here and there that you can implement into your space to ensure it’s at its full potential. Let’s take a look at what you can do to maximise your space potential and access to new opportunities! We’ll tell you how to capitalise on spare space.
Versatility Means Opportunity
Having a flexible space is probably the greatest asset there is. Let’s look at an example. You may have an art gallery that you rent out to guests so they can showcase their talent. Now, most of your bookings are from artists and creatives. However, you also have furniture like desks and chairs. Your audio and visual technology can double for corporate purposes too. You go out and purchase a white board and there you have it, you’re starting to see bookings for on-demand meeting space too.
What we’re saying is that you should take a step back and rethink what your space can be used for. You can very well be hosting photoshoots, meetings, events and exhibitions all from the same space. Being able to facilitate numerous types of experiences will mean more enquiries for you. It’s a great way to capitalise on spare space.
Listen to Feedback
Your guests can definitely give you valuable insight into what you can improve on. Since they’re the people experiencing your space, their advice most definitely aids in optimising its potential. They can even bring to your attention small things you hadn’t thought of before. Whether it’s a water tank or coffee machine to make the meeting better, a green screen for photoshoots, or the placement of the projector in the room, little things can make the biggest difference.
Investing into amenities for your listing will add great value to your space and create competitive advantage. They could very well be the point of difference when it comes to a potential guest booking your space or someone else’s.
Reinvest Into Your Space
Renting your spare space is opening a whole new revenue stream. It’s crucial that you reinvest into this business by consistently upgrading your space with your earnings. Again, we’re not saying to undergo major remodelling, but investing into that Nespresso coffee machine or A/C system will be making all the difference when you can upgrade your listing to offer complimentary benefits.
Then, you can go above and beyond. Go from small enhancements to investing into something bigger. Offer premium services that will be able to give a guest an unforgettable and easy experience. For example, if you own a gallery, have studio lights, speakers, tripods, or even food and beverage as add-ons that you can earn extra income from.
Ultimately, if you want your space to be ready for all the opportunities that lie ahead, make it flexible! Get ahead of the line and make sure its versatility is highlighted. This way, you can even build a loyal customer base and have the same guests coming back for different types of occasions. The possibilities will be endless.
Interested in learning more about how to capitalise on spare space? Call a Space Specialist on 9310 9210 and they’ll be happy to provide you with more information and guidance.