Many small businesses operate some commercial space such as retail, office, warehouse, etc. which have an opportunity to balance out their own rent spaces. Whether you operate a small business from a retail store, office spaces, or a warehouse/ industrial building. In this
pandemic, you may be spending money on space by paying for space rather than utilizing it by making money on every square foot.

There are many ways on how you can balance out your space expense. There are many strategies and planning you can put to use in the right way to help earn extra revenue for your business to grow. All it takes is finding the right client, the right listing website, and marketing.

Here are some ways you can consider as ways to bring in revenue with your empty commercial space.

1.Rent those extra desks/ office space

Just like you, there might be many small business owners that are starting a small business on a small budget. They might be using a table that might be unused for quite a long time in the house with so much noise or finding a table in any café on a first-name basis. They would need a better space to concentrate on their work and the answer could be you.

It is quite difficult for small business owners to find success to buy a space that they can grow into. Space can be used anytime in the future for business purposes, but now as there are hundred or thousand square feet. Why just not rent those space to someone who can make use of it.

Set the extra space as a rental. Or rent the desks in the back office. You can make use of the empty office space for Wi-Fi use, seminars, fax, etc. other use can be employees can come in the evening after the office hours to complete their work or on the weekends to avoid the conflict use of the space.

2.Conduct training classes, seminars, or workshops

Post-lockdown, seminars, workshops, are one thing that is going to be done on open space.These empty spaces are going to be best used for such seminars, workshops, classroom setup,training, etc. Seminars could be on anything, a home decorating workshop, training for clients and come in better to use the product.

The other idea that would be is that space could be used as a training center or to rent out to other businesses for their training or seminars. This method would be used for utilization that could give you extra revenue for your business.

3.Rent out your unused equipment

Is there any unused equipment in your office that can be used by someone who would need it? Perhaps many people need that extra laptop for their work tasks or assignments. Not just a professional laptop working business but this goes with another type of individual or small
business who would need access to special equipment that you may have.

4.Any Side business

Is there something else from your main business that you would need to create a by-product?Or any equipment that you would need to develop additional products or services?

For example, you have a 9 to 5 job and you have a side business that includes something of your passion like baking or doing the painting. You can use a specific time and bring materials and equipment and you can make it while renting a space. With that, the space owners also get to earn some extra revenue while you also get the opportunity to pursu something of your passion.

Think something out of the box and consider something in these lines for your business. Is there any business that can give you extra revenue in the space you occupy? Be more creative and make sure to come with at least one idea.

The ideas listed above are some of the ideas that have been proven to be effective for small  business owners who have space that is quite empty. Consider one of these or you can brainstorm ideas on how you can make use of some of the empty spaces. You can list your space on our website www.myrsa.in to earn more revenue from it.