Rob, My 0.02c: Bump up the price to $100, and put the excess cash into savings (in a good interest rate account), and keep it there for the rainy day that WILL come; or upkeep / improving / marketing / events / etc. You're still way below the competition, and if you run to lean for too long, you're going to have problems at some stage.
Best ;-) Regards Gareth [email protected] http://www.oneafrikan.com/ UK mobile: +44 (0) 77 66 00 66 56 SA mobile: +27 (0) 72 62 79 21 2 twitter: http://twitter.com/oneafrikan skype: iamoneafrikan chat: [email protected] | [email protected] about: http://www.oneafrikan.com/colophon/ photos: http://www.flickr.com/photos/garethknight/sets/ ------------------------------------------------------------ Due to email overload, I subscribe to this policy: http://five.sentenc.es/ ------------------------------------------------------------ 2009/6/20 robdavy <[email protected]> > > Hi Everyone, > > Quick question (kinda)... > > We're in the process of setting up a coworking space/hacker space here > in Edmonton, Alberta, Canada (metro pop of 1m). We're well underway, > non-profit registered, directors elected, space found, 40+ members > joined, etc. > > We're obviously working on a non-profit model, shared space, 24/7 > access, etc. > > My concern is pricing. Lots of places seem to offer what we're going > to be offering for many hundreds of dollars a month. We're going to be > doing it for $50. $50/month gets you unlimited access to our 3700sq ft > space. No permanent desks, but permanent offices will be offered for > around $250/month. Our's is not exactly a co-working space in the > sense we do not expect people to work here 9-5 (some will of course, > but most members have full time jobs and want the collaborative use of > the space, plus access to the equipment (machining, etc). Check out > http://d.ents.ca/ for photos > > Why $50/month? Our rent is $5/sqft + $2.87 operating. 3700sq ft @ $8 = > $2500/month ($'s are per year). So based on the non-profit model found > here http://coworking.pbworks.com/PricingExamples we need $3750/month. > Well, our utils are included in the operating, internet is free from > someones business via a point to point wireless connection, etc, etc, > so we're figuring max $500/month in misc costs. The landlord is also > giving us 2 months free rent. > > So say $3000/month, that's only 60 members @ $50/month each. We have > 40 signed up now (of course some will drop out, but we've still got > many coming in) and we'll cover more costs with offices rented. > > Is it just the cheap rent that is making our space $50/month and not > $300/month (or more!). > Why do some (most) places need to charge so much? > > Thanks in advance > > > Rob Davy > Edmonton New Technology Society > www.ents.ca > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~----------~----~----~----~------~----~------~--~---
