How to turn
Extra income to Maximum.
Extra income from your vacant or under-utilised spaces is why you rent out your space, but you need anyspaces.com for maximum income. Making a few quick changes to your listing could significantly increase the income generated for each space.
We are going to share some top insights so no matter if you are listing a shopping mall or a storage unit your listing is optimised for maximum income.
The stats
Leveraging our data, we’ve discerned that the foremost goal of a space booker is to discover a suitable space at the most competitive rate possible. However, their search process typically entails utilizing various filters and guidance provided by our platform.
Approximately 80% of bookers explore multiple sites before making a decision.
About 75% of bookers exclusively book online.
Every booker is mindful of pricing considerations, with 100% exhibiting price-conscious behavior.
Extra income vs Maximum income
Image is everything for extra income
Listings without visuals have a 0% sales rate, hindering your potential for additional income. The images serve as the initial representation of your listing, and as we all understand, first impressions are crucial in the booking process. Therefore, it’s essential to make a positive impact right from the start. Keep in mind that bookers assess listings based on the information provided and visual cues. Without clear visuals showcasing the best aspects of the space, bookers may not make the most informed buying decision.
Utilise high-resolution landscape images, ensuring to include photos of both the storefront and the interior for pop-up shop listings.
Pricing
Whilst you are looking to make extra income from your listing the booker is looking for the best deal.
Let’s be honest, you might have the best space in the most prestigious neighbourhood but if it’s not competitively priced you are going to miss out on bookings. What you also need to keep in mind is that the price you set should be adjusted according to a number of factors – and you need to stay across these factors in order to maximise occupancy. Our experts developed a pricing matrix to help guide you on what are the industry standard rates and what projections you can expect.
Options = Activity = Extra income
The great thing about listing with anyspaces.com is that it is free to list your spaces to make extra income. So as it is free why not create options for potential customers so they have the opportunity to find you. Here is a great example,
“When we listed our office space on anyspaces.com we found enquiries were quite limited due to the demand of people looking for office spaces within our budget. So we decided to list the office into co-working sub offices reducing the overall cost by 1/5. Suddenly we were inundated with offers from an amazing mix of businesses. We were able to create a working environment that complimented that complimented the other tenants. We still keep the entire office up for rent as we are always looking for extra income but by offering options we created activity. We also list digital signage on the front of office too which has been used by several of the tenants” Mary office owner in Sydney
Click here for more information on what types of spaces you can list
Instant extra income
Instant extra income is the holy grail. You list your space on anyspaces.com and the extra income just keeps on rolling in and you do not have to lift a finger! How do you do it? Instant approvals!
This allows bookers to book the space without the need for approval. It makes their life easier. It is known across the industry that bookers will make multiple requests to secure a singular booking. As bookers look to further streamline the booking processes it is common to filter by instant approval. You still have control on what can come into the listing by excluding usages that you do not want.
Click here to learn about the types of bookings you can receive.
Be up to date
One of the best ways to ensure a steady stream of bookings is to make sure your listings are up-to-date. Is the listing described to entice and educate potential bookers? Have you correctly listed all of the utilities the space offers? Does your listing have upcoming marketing events that increase foot traffic? Have you provided a demographic insight for a national brand roadshow to identify your centre as the perfect match for them? We advise that you update your listings on a monthly basis to ensure you don’t miss out on bookings.
Size and power
For commercial landlords such as shopping malls listing shops and spaces take note!
Booking campaigns range from a 1m x 1m with simple sampling programs all the way up to a 200m x 200m circus or pop-up ice rink. We know you can only work with what you have for your pop-up spaces and with innovative ways now large shops are being partitioned off to create small looking boutiques. Businesses are innovating to maximise the space with a minimalist approach and adapt with what they can. That all said, 80% of the campaigns registered with anyspaces.com prefer a minimum of 9sqm space and filter spaces accordingly. Do not be outside the earning bell curve
98% of the thousands of booker campaigns registered on anyspaces.com require a powered activation. Given the omni-channel requirements now for businesses to connect with customers devices such as tablets and TV screens power is now a very common necessity even on short term activations. Retailers are often seen filtering out unpowered sites due to the requirement for EFT services. For the small capital outlay for power installation or mobile power packs this could be the difference in securing hundreds of thousands per annum.
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