The growing trend of virtual offices is a testament to the increasing popularity of flex spaces. There are several potential benefits to virtual offices for flex space operators to help increase revenue.
For one, virtual offices can help operators boost their revenue by attracting businesses that require a physical address but don’t need a physical office space. Additionally, virtual offices can help operators better utilize their existing office space by allowing them to lease out space to multiple businesses without having to physically divide the space. This can help operators maximize their profits and create a more efficient workspace for their tenants.
Overall, virtual offices are a promising trend for flex space operators looking to increase their revenue and better serve tenants. As the demand for flexible workspaces continues to grow, it’s likely that we’ll see more and more operators embracing virtual offices as a key component of their business model.
In this blog, we will use our expertise as a flex space management company to educate operators on the advantages and best practices of providing tenants with virtual office services!
What are virtual offices?
Unlike traditional office spaces with higher revenue but a lower margin, virtual offices have a lower price but a virtually 100% margin.
Virtual offices typically also offer a range of additional streams of revenue designed to support businesses of all sizes. These services may include:
- Mail and package handling
- Phone answering and call management
- Meeting rooms and day offices
- Access to administrative support
By outsourcing these tasks to a virtual office provider, businesses can focus on their core competencies while still enjoying the benefits of a professional office environment. On the other hand, operators build goodwill to help create a long-term relationship with their members.
Overall, virtual offices are an innovative solution that can help operators of all sizes stay competitive in today’s fast-paced and ever-changing business landscape. Whether you are a one-location flex space provider or a multiple-location provider, a virtual office service can help build and maintain a steady client base.
Advantages of offering virtual offices
Virtual offices provide a great opportunity for flex space operators to increase their revenue streams. These virtual offices can offer clients additional monthly fees for services such as mail handling, phone answering, and access to meeting rooms. Moreover, virtual offices also provide potential upselling opportunities, such as upgrading clients to premium office spaces or virtual assistant support at an additional cost.
One of the key benefits of virtual offices is the ability to appeal to a wider range of clients. This includes remote workers, freelancers, and startups, who often require a professional business address and phone number to establish their presence in the market. Virtual offices also offer businesses looking to establish a presence in a new location an affordable and flexible solution without the need for a physical office space.
Best practices for offering virtual offices
Flex space operators are now catering to a wider range of businesses and professionals by offering virtual offices. However, it’s not just about the service being offered. Below are some best practices to follow when offering virtual offices in a flex space:
High-quality customer service. Providing high-quality customer service and support is crucial, particularly for remote clients who may not have in-person access to staff. This means offering responsive and helpful support via email and phone and offering services such as:
- Mail notification
- Mail scanning
- Mail forwarding
- Live phone answering
- Virtual reception services
Marketing and promotion. Partnering with third-party services like Alliance Virtual Offices, Davinci Virtual, and iPostal can help raise visibility and attract new customers. Other effective marketing strategies might include offering promotions and discounts for new clients or leveraging social media to build a strong online presence.
Ultimately, flex space operators who are able to offer a range of services, provide high-quality support, and effectively market their offerings will be well-positioned to thrive in the increasingly competitive flexible office market.
If you’re a flex space operator looking to incorporate virtual offices into your offerings, now is the time to take action. By partnering with Flex Workspace Solutions, you can easily manage your virtual office services and attract new clients!