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by avemuri 456 days ago
Some thoughts (I used to run a chain of 20+ coworking spaces)

* Remote individual workers are the least attractive customer for the typical coworking space (that isn't a cafe). Small and unpredictable revenue, plus higher support per head, since the account is only one head.

* Remote workers also aren't a great fit for you. Very few like to hop around. Their reasons are typically avoiding loneliness, finding a reliable place to focus etc. And so would only use your platform until they find a space they like.

* SMBs are the sweet spot. Coworking is cheaper AND less overhead for them. In many countries they don't get access to grade A space even if they're willing to pay. For the coworking space, it's only slightly more work than a solo account and significantly more recurring and reliable revenue. You may be better off targeting small teams.

* One particular pain point is expiring inventory - remote workers actually fit this well since they're willing to go for a floating desk. Most spaces would be willing to offer discounts on this. Kind of like last minute flight or hotel deals.

* Another related product is meeting and conference room bookings. Also expires and has a market in WFH teams.

* The last two also have a better business model fit since they are intermittent and people may be more inclined to shop around, allowing you to take a cut of every transaction. For any kind of recurring contract, you're probably limited to taking a one time lead gen or brokerage fee since you have no grounds to maintain a relationship with the customer after the initial match.

1 comments

This is a really good response. Your last two points are both features I could use.