I was going to say exactly that. Thanks for writing it so I didn't  
have to.

-Mike

Sent from my iPhone

On Jun 21, 2009, at 2:23 PM, Gareth Knight <[email protected]>  
wrote:

> 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/
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>
> 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
>
>
>
>
> >

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