Hi Tyler!

They could never replace Joel's valuable experience, but I just wanted
to point out a couple of articles Shareable.net published on this
subject. All incorporate the perspectives and experience of rural
coworking space owners from around the world. Enjoy!

How To Start A Rural Coworking Community:http://www.shareable.net/blog/
how-to-start-a-rural-coworking-community

Coworking Provides A Haven For Rural Entrepreneurs:
http://www.shareable.net/blog/coworking-provides-a-haven-for-rural-entrepreneurs

Everything Solid Melts Into Jelly: Coworking In Rural England:
http://www.shareable.net/blog/everything-solid-melts-into-jelly-coworking-in-rural-england

Beth
@gonecoworking

On Mar 13, 12:42 pm, "Veel Hoeden- Where Many Hats Meet!"
<[email protected]> wrote:
> Our space is located in Pella, IA. Population 10,000.  We've been in
> business since October of 2010.  Some other great "rural" spaces on here
> too... you guys have thoughts?
>
> My thoughts on your questions below.
>
> Pricing- Our monthly "mobile member" pay $55 a month for 24-7 access to the
> space.  With that they get wifi, conference rooms, printer/fax/copier, and a
> few other perks (see our site at veelhoeden.posterous.com).  It's worked
> very well.  We started at $50 and only took a price increase after 12 months
> to cover some overall costs of business and some inflation.  We also have
> leased space members for 4-6 offices.  The bigger question is what you are
> paying for your space.  Paying $2500 a month, you'll need 50 mobile members
> to just make rent, plus you have other expenses.  Pay $500 and you could be
> running with 10 (again, you'll have other spaces to cover, so you'll need
> more).  My point is, pricing is a derivative of expense, so until you know
> your expenses you won't know what will fly.
>
> Sponsors- We discussed them early on, but with the exception of a few of our
> events, we never pursued.  Possible could include a local copy/print
> business (you push all your big jobs to them), chamber of commerce (allow
> members to use conference rooms if you are closer to their business),
> college (allow their students access for free or reduced fee), or anyone
> else with some ties to supporting small businesses in town.
>
> Colleges- We did partner with our local university and had them sponsor all
> their Business students for one organizational fee.  This was NOT a lot of
> money ($500 or the equivalent of 10 mobile members for one month), but our
> intent was to build a partnership with them, not make crazy money.  For
> that, we have students come in and do research projects (win-win as they get
> class work done, we usually get some project work done) and the occasional
> drop in who wants to study or talk to businesses.  They also come to our
> networking events, which has been great for recruiting and securing interns,
> as well as good for our businesses who may be hiring.
>
> Fulltime space- Again, we discussed, never implemented. Our clients either
> didn't care where they sat or they wanted a lockable door/office of their
> own.  The one person I got ready to sell a
>
> "permanent" desk to ended up vanishing on me.  That said, the biggest thing
> is that they want some space to leave things, and in some case, a true
> desktop computer to leave at the space (think engineer using CAD or other
> specialized software).  You may need to think about lockable lockers if this
> is a need in your space, as they allow them to secure items without need
> more furniture.
>
> Combo with Chamber- Explore this with Chamber first.  Some Chamber will love
> you.  Others see you as competition.  Regardless, a Chamber membership is a
> money maker for them, so they may be hesitant to share that with you if they
> don't see clear value.  For example, if you chamber is vibrant and has
> already courted some freelancers or mobile folks, maybe providing Chamber
> members a discount off your mobile membership makes sense. I'm not sure what
> you mean by "Chamber networking membership", but if that means your members
> get to go to Chamber events without being members the Chamber is going to
> have to see value in this (as possibly sniping new Chamber members from your
> ranks) before they would consider it.  Depending on the size of your town
> this may or may not be feasible.
>
> My BIGGEST advice to you for a rural space, which is just as important in
> other spaces but DEVASTATINGLY important in rural communities...
>
> Find your members... then find & start your space.  If you need 10 to make
> this fly, identify 25 and get as many to commit to the project as possible.
> Get their input early on needs (to plan and manage your costs), get them to
> help you pick out the space, get them to come up with their dream
> environment, etc.  In short, get their buy-in, both financially, but more
> importantly, emotionally.  They have to want this as bad (or worse) than you
> do.  But more importantly, they need to feel part of the community even as
> you are building it.
>
> Want to fail at this quick in rural Americana? Start your space, sink in
> costs for things that people "could" want, make it all nice and pretty...
> then go out and find members.  In the meantime, you are paying bills and
> working alone while the clock ticks on how long you can operate at a loss.
> And just so you know, unless you sleep on a cash-filled mattress, that clock
> won't tick long.
>
> I wrote an article on this a year or so ago... you can find it 
> here.http://www.smallbizsurvival.com/2011/03/how-to-start-coworking-space-...
> .html
>
> Regardless, you've made the best choice in coming here to research first.
> You are years ahead of many of the rural owners I have talked to who are
> building their empire in a vacuum (and quickly getting sucked into
> annihilation by said vacuum).
>
> Would be happy to answer any questions you have.  Love to see you explore
> this for Idaho!
>
> Thanks & God Bless,
>
> Joel Bennett
>
> Chief Dreamchaser
>
> Veel Hoeden
>
> veelhoeden.posterous.com
>
> Join Us on Facebook <https://www.facebook.com/veelhoeden> !
>
>  <http://ink1003.com/p/tp/3ee1a6d9cb9fb511/url> Follow us on Twitter
>
>
>
>
>
>
>
> -----Original Message-----
> From: [email protected] [mailto:[email protected]] On
>
> Behalf Of hssmedia
> Sent: Tuesday, March 13, 2012 12:54 PM
> To: Coworking
> Subject: [Coworking] Pricing Strategy for a Rural Development
>
> Hello,
>
> As I am still in the research phase to determine if my coworking space could
> be viable in a smaller town in eastern Idaho, I had a few questions/thoughts
> that I would appreciate some feedback and discussion with the experts:
>
> 1. Do you think a lower pricing strategy (possibly $50 a month for a monthly
> membership, sitting anywhere) is a viable option? Could a coworking facility
> be successful on that pricing strategy alone? Just $50, simple as that...
>
> 2. What are your thoughts on sponsors in your space? What value can I
> promote to the potential sponsors/advertisers that would make them pay a fee
> for advertising and resource space within the community? What value does my
> coworking space have to the sponsors?
>
> 3. Have you ever considered partnerships and alliances with local
> organizations and have them pay the fee and give access to their members.
> For example, is it better to target the students of a local college, or go
> directly to the college and secure a contract with the organization, which
> in turn gives everyone access?
>
> 4. What is the standard principle for a full time desk? I envision a section
> of my space for the full time desk that could be close to $100 a month. What
> would one expect with a full time space?
>
> 5. Have any of you explored partnerships with organizations in the business
> community? For example, partnering to offer a Chamber of Commerce Networking
> membership with the purchase of a coworking membership?
>
> You guys are awesome! I look up to so many of you and want to bring this
> type of innovation to my hometown! As I am only 21, but not an inexperienced
> entrepreneur, I want to go in extremely prepared before I open my space!
>
> Thanks,
>
> Tyler Kraupp
>
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>
>  image001.png
> 26KViewDownload

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