29 July, 2019
5% of the total world population consider themselves to be entrepreneurs. That's about 400 million people.
And thanks to modern technology, many of them can work whenever and wherever they want. It's also less expensive to work from home, rather than incurring monthly rental costs.
Which, considering that rent for office space in London is the highest in all of Europe. It costs 550 euros per square foot more annually than prime office space costs in Paris.
However, when it comes to business, appearances are important. That's when you need to find virtual office space for rent.
We can help you find the perfect virtual office space. Keep reading to learn how.
What to Consider When Searching for Virtual Office Space for Rent
If you want to save yourself time, space, and money, you need to know what to look for first.
Location is always important to any business. It's not just about finding a free virtual office address, it's about finding one with an address that's near the bulk of your customers/clients.
Having an address that's close to where your customers are located will help you optimize your marketing efforts. You also want to find one that's close enough for you or your clients to pop by.
Also, having a location in a seedy neighbourhood isn't going to attract the right type of people.
Don't just look for cheap virtual office space, also look for the best virtual address service. If you're selling high-end products or services, picking the right address means everything.
Find one that matches the brand image of your own business. It will help you generate more business opportunities.
Google the Address
Look to see what other types of businesses will share your address. Do a Google search before you make any decisions.
This is vital because your customers are definitely going to do a Google search to find you. If all they see are sketchy types of businesses, it could be a huge turn-off for them.
Find a virtual office service that offers flexible terms. Find out how long it will take to set up your business with them so you're up and running.
Carefully read over the terms so you know what the rules are concerning leaving or terminating your lease. Ask if they provide their customers with private offices or meeting rooms so you can host events or meetings with your own clients.
Ask About Amenities and Office Hours
Find out what their office hours are. If you require 24/7 access, one that closes at 5 pm isn't a good choice for you.
It's also a good idea to see if the virtual office provider can provide you with more amenities as your own business grows. An operation with few amenities may not be able to meet your future needs.
Look for a virtual office that offers access to basics like high-speed WiFi, fax, landlines, printing, and even virtual assistant's. Even better, find one that lets you operate internationally with ease.
The best ones also offer customer support and even phone forwarding. The extra technology allows you to run your business as effectively as if you rented or owned physical office space.
Not everyone needs access to onsite staff, but it's nice to know it's there if you need it. These staff members act as your employees and can help greet your clients and answer questions.
They can also provide extra assistance such as accepting and forwarding packages to your physical address. You'll enjoy the benefits of an administrative staff without having to pay for their full-time salary yourself.
Every business will be the first to tell you how great they are. That doesn't necessarily make it true.
The virtual office company you want to work with has tons of great, real testimonials that talk about how great it is to work with them. Go ahead and search for testimonials from several sources.
Look at Testimonials from Different Sources
Yes, testimonials on the company website are convenient, but obviously, they only post the positive ones. And even quality companies are prone to deleting negative reviews to protect their brand.
Keep your eye out for phoney reviews that seem unreal. Trust your gut and read all the testimonials including the negative and neutral ones. You'll get the best sense of what you can truly expect.
Price is always going to be a huge factor in which virtual office you choose. However, before you choose a cheap virtual office, consider everything else you may be giving up just to save a few bucks.
Remember, you often get what you pay for. You don't want to save a few dollars only to realize the service is terrible and the company oversold you on what they can actually provide.
The best virtual office services provide you with so much value that it's often worth it to pay a little extra. Plus, it's a tax write-off.
How Much a Virtual Office Will Cost
For limited services, you can find a virtual office for just £15.00 per month + VAT. For this price, you'll receive a prime mailing address along with dedicated mail handling that includes a drop-off/pick up point.
If you require a lot of extra services such as one providing office space, answering and forwarding your phone calls, and even shredding service, you'll pay around £70 per month.
Saving Time and Money
However, when you factor in the costs you would have to pay to rent physical space and hire full-time staff, you're saving a lot of money. You're also saving a ton of time because you don't have to take any time out to locate and hire new staff.
All of that is handled for you.
You may even be able to save some money if you pay annually. Some companies provide two months free if you pay for a year's worth of services all at once.
Check Us Out
Always do your homework to ensure you've found a trustworthy and reliable virtual office space for rent. We offer a wide variety of virtual office services at competitive rates.
And we're located in a great section of London. Click here to contact us or find us on the map.