How can renting spaces be considered beneficial?

Buying а hоuse is nоt аlwаys а viаble орtiоn аnd renting оften mаkes more sense. While mоst оf the wоrking рrоfessiоnаls аnd students рrefer renting due tо lоwer раyоuts, there аre mаny mоre benefits. Here’s why it mаy be benefiсiаl fоr yоu аs well. Being а hоmeоwner is а lоng-term gоаl fоr mаny. Renting а hоme is оften рerсeived аs а temроrаry sоlutiоn аnd рeорle соnsider оwning а hоuse аs their рrimаry аim. Bоth buying аnd renting hаve their finаnсiаl аdvаntаges, but renting dоes аррeаr tо retаin аn edge. Like the stосk mаrket, reаl estаte аlsо сreаtes сyсliсаl bubbles, аnd if the hоusing mаrket is оverрriсed, it is benefiсiаl tо stаy оn rent.

Lоw mаintenаnсe соsts – А definite аdvаntаge renters hаve оver hоmeоwners is thаt they usuаlly dо nоt need tо раy аny mаintenаnсe соsts оr reраir bills. If there is а mаlfunсtiоn оr а breаkdоwn in the rented hоuse, it is the resроnsibility оf the hоmeоwner tо get it fixed. Whereаs, if yоu рurсhаse а рrорerty, араrt frоm reраying the hоme lоаn, yоu аre аlsо resроnsible fоr vаriоus оther exрenses suсh аs the uрkeeр аnd mаintenаnсe, раyment оf sосiety bills, рrорerty tаx аnd renоvаtiоn соsts. Hоwever, the tenаnts must mаke sure thаt the sаme is mentiоned in their leаse соntrасt tо аvоid аny соnfliсts lаter.

High mоbility – Renting а рrорerty аllоws mоre flexibility thаn оwning а hоuse. This is ideаl fоr рeорle whо саn fасe sudden сhаnges suсh аs jоb relосаtiоn. Renting requires nо lоng-term соmmitment frоm а tenаnt, аnd is the best орtiоn if yоu dо nоt hаve the intent tо stаy in оne рlасe fоr а lоng time. It is аlwаys eаsy tо vасаte а rented hоuse by giving а оne-mоnth nоtiсe.Inсоme tаx benefit – If yоu аre stаying оn rent, yоu саn сlаim а hоuse rent аllоwаnсe (HRА). The HRА is 40 рerсent оf the bаsiс sаlаry in tier-II аnd tier-III сities, аnd 50 рerсent оf the bаsiс раy in metrо сities. In а self-оссuрied рrорerty withоut а hоme lоаn, yоu will nоt get аny tаx, аnd thus the tаx оutflоw will be high. Besides this, interest оn hоme lоаns аlsо аdds tо inсоme tаx benefits.

Fixed rent аmоunt – Rent аmоunts аre fixed, аt leаst fоr the tenure оf the rent аgreement. While рrорerty оwners саn rаise the rent with а рriоr nоtiсe аfter 11 mоnths, the tenаnt саn budget, аs they knоw the аmоunt оf rent they аre required tо раy. Simultаneоusly, lоаns аnd the рrорerty tаx саn аlsо fluсtuаte, lаnding yоu in а рrоfitаble роsitiоn. Аfter sрending the fixed rent, а tenаnt mаy enjоy the аdditiоnаl mоney, whiсh they саn invest elsewhere.

Living with friends – Аnоther benefit оf renting is thаt it рrоvides орроrtunities tо live with friends. Living with а grоuр оf friends is nоt оnly рreferred by students but аlsо yоung рrоfessiоnаls whо shаre rentаl рrорerties with the аim оf minimising exрenses аnd mаximising sосiаl орроrtunities.

Аmenity ассess – Аnоther finаnсiаl benefit thаt renting саrries is the ассess tо аmenities thаt саn оtherwise be а huge exрense. Luxuries like а рооl, а gym оr sроrts соurts аre соmmоnly аvаilаble in mid-sсаle tо uр-sсаle residentiаl sосieties. If yоu аre residing in suсh аn араrtment, yоu dо nоt need tо раy аny аdditiоnаl сhаrges fоr using these аmenities.

Nо signifiсаnt finаnсiаl investment – Unlike рurсhаsing а рrорerty, renting аn араrtment needs nо signifiсаnt finаnсiаl investments. Thоugh renting а рlасe invоlves giving the рrорerty оwner а seсurity deроsit, this investment is signifiсаntly lоwer thаn whаt wоuld be required tо рurсhаse а hоuse. А соnsiderаble dоwn раyment is needed when buying а hоme with а hоme lоаn.

Deсreаsing рrорerty vаlue – Рrорerty рriсes оften fluсtuаte, signifiсаntly аffeсting hоmeоwners. The hоme vаlue determines the раyаble рrорerty tаxes аnd the аmоunt оf the mоrtgаge etс. In аn unstаble hоusing mаrket, the tenаnts аre nоt аdversely аffeсted.

Flexibility tо dоwnsize – By орting fоr renting, рeорle саrry the орtiоn tо dоwngrаde intо аn аffоrdаble living sрасe if they аre finding the сurrent соsts tоо high. Suсh аn event саn оnly tаke рlасe аt the end оf their leаse. If yоu аre а hоmeоwner, it is muсh mоre diffiсult tо breаk free оf аn exрensive hоuse beсаuse оf the exрenses invоlved with buying аnd selling а hоme.

Аs yоu саn see, there аre multiрle benefits оf tаking а рlасe оn rent. By renting а рlасe, yоu will be аble tо hаve а flexible аррrоасh in life аnd mаy аlsо shаre соsts by tаking rооmmаtes if yоu feel thаt yоu саnnоt finаnсiаlly hаndle а rented unit by yоurself. Nevertheless, this is а subjeсtive deсisiоn аnd yоu shоuld tаke enоugh time tо sрeаk with fаmily members аnd рrорerty brоkers befоre reасhing а deсisiоn in this regаrd.

Credits: Ram Sharma

October 6, 2021 0

What are the different types of common areas that can be used for renting?

Many studio space rentals in a residential setting are utilised and paid for by everyone who owns an apartment in that complex. Tenants in residential projects also utilise common areas. Common spaces include parking lots, elevators, lobby areas, and hallways. Apartment owners are frequently required to contribute to the upkeep of communal facilities through a co-operative organisation or a home-owners association. However, the society in which you buy or rent an apartment may choose who is responsible for common area maintenance. The carpet area, or the space where you lay the carpet, as well as the thickness of the walls and the common spaces in the development, are all included in the super built-up area of a flat. Common spaces, on the other hand, are not included in the built-up area. Many property purchasers are unaware that the super built-up area also includes common areas, for which they are paid. The charge collected from the outlets in the buildings is typically used to maintain common facilities in commercial projects, based on the amount of floor space each unit occupies.

The practise of comparing the performance of your items based on their performance and characteristics is known as product testing. It might be tough to choose the perfect place to attract your target audience. Spaces are available in shopping malls, workplaces, and even residential neighbourhoods. To market their brands, retail stores require various locations. If you’re a retailer that wants to set up temporary shops in several places. With that being said, there are various types of common areas that can be used for renting. Some of them are as follows.

1. Parking Lots

Exhibitions, branding, sales kiosks, and so much more may all be held in parking lots, no matter how big or little they are. Renting out parking spots in your society, business, institutions, or other locations gives you a whole new viewpoint on your empty parking. Kiosks and canopies may simply be put up in single parking spaces for a few hours, whether for brand promotion or a fund-raising activity. Rental parking spaces can be beneficial to both the renter and the lender/owner. Because they are continually on the go, pop-up stores require temporary parking. For this purpose, rented parking spots are ideal. A pop-up store can be set up in a society parking lot or a parking lot of an office building.

Health checkup camps for older persons or eye check camps for everyone might be held in parking spots at society and offices. Because such camps do not require a large amount of room, renting a parking space or a parking lot may be an excellent option. New cafés and eateries in town can hold sampling events in society or business building parking lots. Parking spaces ensure foot traffic and are just large enough for one or two stalls. Food tasting events are a fantastic fit for rented parking spots.

2. Atriums

Small-scale exhibits are an excellent method for groups, institutions, and office complexes to make use of common areas. Rent out the atriums, elevator areas, compounds, and other such places to supplement your revenue.A product demo is a promotional activity offered to targeted consumers in order to increase sales. Office atriums can assist you in reaching a broader audience and raising awareness. Increase the number of individuals who are aware of your goods in various areas. The audience in office atriums is diverse.

3. Gardens

Pottery plantation and botanical displays are both educational and imaginative ways to feel connected to nature. Such programmes are enjoyable and educational for both children and adults. You can hold open garden event space rentals. These shows may be best held in gardens. Improve your health and fitness while also allowing you to relax and de-stress from your hectic schedule. Connect with nature to create a relaxing atmosphere for your yoga practises. Gardens will add to your enjoyment and make it the ideal setting for you. Here you may find low-cost temporary rental venues for wellness programmes.

Common spaces in residential complexes, classrooms for rent, as well as business offices, may be a lucrative source of revenue. For their promotional efforts, brands might set up tiny kiosks or stalls in these places. With an office catering programme, you can create the ideal workplace benefit. Instead of cafeteria space for rent near me, choose from taco trucks, sandwich trucks, or the option of having a new food truck cater your workplace each week. Office cafés and even parks are frequently deserted despite high foot traffic. Food trucks are the finest way to have a professional chef and a kitchen right outside your office door. A fantastic fundraising is required for every worthwhile cause. Traditional fundraising for schools, sports teams, churches, and non-profits necessitates the availability of an ideal location. Malls will be an excellent venue for these activities.There are various short-term renting platforms that will help you out with common areas.

Credits: Manavi Sarang

October 5, 2021 0

This is How You Can Make Passive Income With No Investment

Money matters. There should be no doubt about that. If you don’t have enough to satisfy your basic needs and need a couple, there’s no chance you’ll be happy or content in life. Of course, everyone knows this. The desire for money is actually why most of us go to work. But, is it never really enough? There’s always someplace we’d like to visit or some product we’d like to buy but we can’t do that because of our empty bank account. So how do we get that extra piece of money we’re always looking for? The solution is to capitalize on the internet’s power to generate a steady stream of passive income.

The cornerstone of Personal Finance appears to be passive profits. I mean what could be easier when it comes to income than earning without having to exchange your time for money?

Passive income has two main paths-either you spend money to make it happen, or you spend time to make it happen. But there’s one-third option? Kind of.

1. Rent your Space

If you happen to own a vacant space in your house, apartment, office or your store, you have a great source for your disposal to produce passive income. Space rental platform like Myrsa has made it incredibly convenient for property owners to make extra money by renting out their extra space to visitors for short periods of time. Your spaces like studios, garden, classroom, and common areas can be rented out for an hour or a day. List your spaces and start earning instantly.

2. Write a Guide or Online Course

In recent years, online learning sites have become increasingly popular with people who use sites such as Coursera, Lynda, and Udemy to learn courses about their personal interests. Whether it’s web design, photography or digital marketing, if you’re experienced in any area, you can create a course on platforms like Udemy or Unacademy and earn money when users register for it.

3. Sell Pictures of stock

If you happen to be a photography enthusiast, consider selling your images to websites such as Shutterstock, Alamy and iStockPhoto for stock image. The market for high-quality photographs in accordance with this business’ competitiveness. So, if you find a niche (such as landscape photography or business photography) and establish yourself on even one site as an expert in it, you can surely earn a lot of money in your bedtime.

4. Start a podcast

The lives of people these days are so fast paced that the need of the hour has become multitasking. That explains why podcasts have become so popular all of a sudden; they allow people to get information or entertainment while they are in the middle of commuting, working out, cooking, or something else. Podcasts are easier to make than videos from YouTube, and can easily be posted on iTunes. Simply pick a subject you’re well informed about or passionate about, and start a podcast around it, it’s that easy.

5. Affiliate and marketing referrals

Affiliate marketing and referral marketing includes pushing sales to another company and then charging you a fee on each product you make from your efforts. The affiliate marketing plan for Amazon Associates is one of the best choices for people looking for a way to earn money. You need to set up a website with outbound links redirecting to products on Amazon (or another website providing affiliate programs) and if the product is bought by a customer from your site, then that business pays you a share of the amount spent.

6. Offer an eBook.

Writing and publishing an eBook has become a widely popular means of earning passive income in recent years. Notably successful eBooks on non-fiction topics such as online marketing, business development, career advice and the like. Although fiction eBooks are also good sellers, they are far more competitive in the market compared to non-fiction ones. Once you’ve written an eBook, you can put it up for sale on platforms like Amazon’s Kindle Direct Publishing or Apple’s iTunes Connect.

7. Express your skills via video channels [Youtube]

Were there any unique dance moves, singing skills, mimicry art, comedy stand-in or comprehensive exercise sessions? Present your creativity to the world from your own channel, use YouTube videos. YouTube is an incredibly popular and exciting platform for getting yourself a good flow of passive income.

You will be charged higher based on the amount of views, shares, subscriptions and popularity your channel will earn through various categories of users.

A few people who started their own YouTube channel now are millionaires when the video-sharing platform was in its nascent stage. Now that YouTube has become incredibly popular with hordes of people running their own channels making it considerably more difficult to make a million dollars, but it is still possible to earn a decent amount of money. As always, you’re going to have to find a niche that isn’t filled yet, and concentrate on making videos around it. When you start raking up views and subscriptions, with minimal effort on your part, the money will start flowing in.

8. Sell artwork and crafts to you

If you’re a graphic designer or just an aspiring artist, you’ll find plenty of places that will pay you for sharing your work. Sites such as Etsy, Zazzle, and The Souled Store allow people to attach t-shirts, phone cases, mugs, posters, book covers, and more to their designs. The sites then pay a fee to the contributing artist if and when those items are purchased.

April 23, 2020 0

How to run a comedy night?

With the comedy scene more popular than ever, an audience is hungry for spending their time and money on high-quality stand-ups. Whether that’s selling out household name arena tours or smaller venues highlighting the new underground talent. If you’re thinking about taking a slice of that comedy pie, but are new to promote, or just want some new ideas, we’ve produced this guide on how to put on a comedy night out.

Finding a Venue

You will be limited to some extent by budget and availability when it comes to finding the perfect venue, but there are venues out there for all kinds and sizes of comedy shows –you just have to find them! The first step is getting to know what to look for.

Location: Make sure the venue is central and with good transport links. Even the most breathtaking building, if it is a mission to get there, will not sell tickets.

The venue: Then anything goes as long as the venue facilitates entertainment shows. Having said that, when booking a comedy show venue, there are certain specific things you should think about. It is necessary to set up the room itself so that the sound reverberates around the room, in particular looking for venues with low ceilings and brick walls. This means emphasizing the sound of laughter and applause, making your audience feel less self-conscious and more likely to be throwing themselves into the show.

Facilities available: Most importantly, there should be a dedicated performance space at your venue, anything from a theatre to a function room in a pub. Try and find a venue with a Green Room to prepare the comedians. Whatever the popularity of your acts, they will probably not appreciate sitting with their audience outside.

When you book a venue, be sure to discuss whether the hiring fee is based on a direct booking fee or a share of profit. Some venues demand a fee to hire the room and make up their money from the sales of food and drinks. Other venues prefer a profit split, where a percentage of ticket sales are taken. You should make sure you understand this from the beginning so that you avoid any surprising fees later on down the line.

Equipment for a Comedy Night

Venues that have live music on a regular basis will likely have their own lighting and sound equipment, but it’s always best to check what facilities they have. For a quality comedy show, the following equipment is required: –Spotlight and adjustable lighting–Microphones of good quality–Microphone stands–Raised stage or performance area–PA system–Music system

Once you have selected your actions, you’ll need to check this list to make sure you’ve got all the resources they need for their actions. A double act, for example, would need two microphones and two microphone stands, and a musical comedian will need a vamp. Do the professional thing, and ask the comedian in advance of the show what tools they need.

Budgeting for a Comedy Night

Budgeting is an essential part of every event that you put on. You can easily make a loss before you even start, without knowing your budget. It’s essential to know your breakeven point and help you with ticket pricing and knowing what you can afford for advertising and nighttime extras. There are several costs to remember including:–Venue hire–Driver–Vehicle hire charge for your plays

How to choose your comedy acts

You need great comedians to do a great comedy series. Planning your line-up carefully is key to the success of your show. Walk the circuit and see as many performances as possible–open mic nights can be a great way to provide a platform for emerging talent. If you’re keen on a certain comedian, talk to them after the show and introduce yourself–putting a face to the name is always best.

Keep it interesting, and reserve a mix of acts. There are a variety of comedy types that you can mix to keep things interesting alongside observational comics like one-liners, but always ensure the content is good.

Note this is heavily influenced by the weekday when you pitch a charge for your plays. Thursday and Saturday nights are peak hours and therefore more costly, while Sunday through Tuesday nights are cheaper and comedians are more likely to be available and try a gig.

Planning

Setting out the venue

The trick to setting up your venue is to make sure your performances are the main focus of the evening and to make your audience feel at home. That can be done in several ways.

First, the comedian should be on a stage or raised platform, it is important for the audience to be able to see them from at least the waist. Comedy is all in the delivery so you want to make sure your audience is always able to read the body language of the comic.

Bad lighting can ruin a display. If your location lacks adjustable lighting, look for some to employ. Your comedian is supposed to be well lit but not blind. We should see their audience and should be able to read their responses.

Your audience ought to be in the dark. It makes them feel less aware of themselves and more likely to dive into the evening.

To create an intimate and relaxed atmosphere, seats from the front should always be filled in first. Blank tables and chairs do nothing to maintain the confidence of a comedian or an audience.

Marketing & Promotion

Without a great crowd, a comedy show is nothing. It’s your job as the promoter of the show to make sure everybody who might be interested knows when and where your comedy night is going on.

Whatever your budget, there are a number of ways you can get your show promoted. Announce your show on social media at the very least, and create a Facebook event. Encourage people to share and invite friends; all of this helps to create a buzz around the show. Even the comedians can be great to share with their networks.

Build a flyer and poster that will catch your eye. There are illustrators out there who might be willing to design a poster solely for exposure or a small fee. Visit relevant events, and distribute the flyers once the show is over.

Talk to your venue about posting posters on your message boards, listing the event on the calendar of your website, and even selling tickets directly through the venue. If the venue shows other comedy shows there is even more chance of your target audience seeing your event.

Place your show on websites for free event listings, and contact the local press to let them know about the series. They can include this in a calendar of events.

Challenges and how to overcome them

How to hold back your crowd.

Use your previous ticket sales to build a mailing list, and give them new show information when they are revealed. Try to keep the activities down to the same night whenever possible. When you host a show on the first Tuesday of the month the viewers will soon start searching around this time for show announcements.

What to do if it throws out a comedian?
This scenario is very unlikely if you have picked your acts well, but never say never! To reduce the risk of this happening, make sure you have contacted your acts the day before the show, as well as check your emails and make regular phone calls throughout the show day. Don’t panic if your act pulls out hours before the show. Check at what’s left of your acts and working order. Speak to them about including an opening sketch if you’ve chosen an accomplished MC. Speak about headlining the show to your middle act. They’re very unlikely to turn down the chance.

Technical hitches

The Scout motto’s words: be prepared. At least make sure you always have a spare microphone at your fingertips. If your venue includes a sound and lighting system, it is more than likely they will be providing the evening with a technical engineer. Ensure that they have a list of the equipment that every act needs prior to the show.

Now that you are all set to start your comedy show. Find spaces for rent for your comedy shows on Myrsa.

January 21, 2020 0

Location Based Entertainment: An Emerging opportunity for Startups

Today, all around us we can experience that the future of brands and brand storytelling is the Location Based Entertainment (LBE).

There is a state of rapid transformation in the brick and mortar retail. Malls are reinventing themselves as lifestyle hubs and retailers are embracing retailtainment and experiential models. Digital brands like Google and Amazon which were hyped to spell the absolute end of brick and mortar are now slowly moving into the physical world. Fo blockbuster entertainment franchisees, theme parks and unique destinations have appeared to be the next natural frontier to capture. Business models and sectors are in flux as the lines are being challenged, blurred and redefined.

Physical destinations remain as important as ever.

In actuality, physical destinations have now, in this Age of Convergence has become the ultimate platform for delivering what the consumer needs. Providing a transformative experience, consumer engagement is making a shift towards guest engagement.

Any brand that wishes to compete and thrive in this new world should know that location-based entertainment is an essential pillar for them. Here are five ways which will help you build your brand and be one of the primary to realise this emerging market opportunity:

Use this as the means of your brand storytelling.

Successful LBE’s are not just a layer of a show or razzle-dazzle applied to the same old model but is more than that. It is the adaptation of the brand identity onto an extraordinary world that the consumer can be a part of. Enterprises like Disney’s Star Wars, Tiffany’s Style Studio, Legoland Discovery Centers, Singapore’s Gardens by the Bay, the luxury real estate developments of high-end brands like Armani, Porsche, or Fendi are all manifestations of strong brand storytelling.

Make sure your consumer is the hero of the story

Brand storytelling is a collaborative act with the consumer. The consumer is just like all of us they already have their own story one in which they are the hero. So when the brand contributes it should find add meaning to their existing story. The brand plays a part and fulfils the role of a trusted source or a mentor to that consumer. It Harry Potter is the consumer then the LBE brand destination should have Dumbledore and Hogwarts all rolled into one. The brand’s main aim should be to empower and elevate the consumer. You want to introduce them to an extraordinary world which will provide them with an aspirational life.

You need a clear and powerful value proposition.

LBE is used as a tool that brings additional value to the customer. At the core of every brand destination, whether be it be complex or well defined, is an insightful value proposition, one which expresses the nature of the customer-brand relationship with simplicity and clarity. Just like in any good firm, every shot, every line of dialogue is in service of moving towards the story, in LBE, every feature of the brand should also serve to realise the value proposition.

Related Post: Start your own hassle-free popup shop!

Know your audience.

While the value proposition can be told to express the changing heart of the customer brand relationship, it only tells a small portion of the story. Guest engagement should not be just that it should reach the audience on an emotional, social, and cultural level; what their problems, desires, habits and aspirations are.

The goal of the brand in LBE is to create content, environment and experience that the consumer would love to be involved in. This will require the brand to have a deep understanding of who the consumer is and turning those insights into results that are actionable. At this point, you should have the entire customer journey map illustrated. This can then help to analyse and understand all the brand’s interaction with the consumer.

Be authentic to who you are.

Let’s face this fact that there are many smart and talented people in the world and many of them provide the same products and service as you, whether it is an LBE designer, a film on a hero’s origin story, a beach resort or an entire cruize ship. Therefore, it is your team’s collective presence, your knowledge, your attitude or your level of service and the relationship that you have with your customer overtime that sets your brand apart.

You should focus on creating content and experiences that are a true reflection of who you truly are that the customer cannot obtain anywhere else. This requires a thorough understanding of who you are as a brand an also emphasises on leveraging the best intersection points od your brand’s mission vision and value with your customer’s journey.

If you are a brand who would like to indulge in LBE and likes to create a different experience for your customer then you should surely take a step. Finding unique spaces for your brand can become a tedious task and here where Myrsa will help you. You can find any commercial space for rent as per your requirement, that too on a temporary basis. Leverage LBE in your brand’s journey and let your customer get the best sense out of your brand.

July 9, 2019 0

How to Prepare Successful Workshops & Seminars For Events?

Successful workshops or seminars are a result of adequate prior preparation on the part of the organiser of the event. These events are a costly and a time-consuming effort, therefore it is of paramount significance that the event meets or exceeds the desired objective of communicating the information conferred to the selected target group. Globalisation and technology have played a major role in giving the opportunity to conduct seminars or workshops in a variety of different ways. The resourceful organiser, whether you are in a government or a private enterprise, should be alert and responsive to embrace these changes that occur in their working environment which impacts the profitability, efficiency and their effectiveness.

Workshops and seminars traditionally were conceived as being different types of training devices but in recent times, the two things are being seen as synonymous and more or less they are referred to as the same thing. Preparing seminars and workshops require an understanding of a variety of unique skills and concerns. Each workshop has a unique set of the target audience and more unique skills and objectives, and possibly a different number of participants. It is usually held in a different place with different infrastructure. Two workshops can never be identical even if they are on the same topic.

Process

There are a wide number of activities that are involved in preparing a workshop and these activities are organised into three stages that are preparation, implementation and evaluation stage

Preparation Phase

Preparation for a workshop requires a number of activities such as;

Determine the budget that is available to host the event
Determine the theme or the topic to be presented at the workshop
Engaging with the relevant presenter and securing them
Identify the target group and the number of participants required
Securing the venue and finalising the event details
Contact relevant ministries, departments or target group to inform them about all the events
Finalize list of persons attending
Sourcing all the resources that are required by the organiser and the presenter
Contact an accountant and request a local purchase order

Budget

Funding is an integral part of the event since the amount of funding available for hosting the workshop will determine the factors that are essential for planning the event.

Venue
Duration
Number of audiences
Equipment required
Informational materials
Availability of refreshments
Expertise of presenter

Theme / Topic

The topic of the seminar should address the issue should be simulated by the interest of the business groups or the wider society. The topic that is selected should naturally lead to the objective of the seminar. These objectives determine the scope of the seminar and should deal with the areas that are specifically related to the achievement of the seminar’s objective.

Selection of Presenter

The quality of the presenters can greatly determine the success of your seminar. Therefore, it is necessary that you choose speakers who are appropriate for the topic chosen. Ideally, a speaker should be someone who is at the top of their field or someone who possesses in-depth knowledge of the particular area either academically or professionally. The presenter should be well aware in advance about the topic that he is going to speak about and it should meet all the desired objectives of the event that they will be presenting. The material that is presented should be accurate and up to date. This will undoubtedly influence the equipment and visual media used in the presentation. Confirmation of the speaker participation in the event should be sure at this point.

Points to consider:

Expertise/Strong research background
Ability to convey knowledge to a large audience
To be unbiased and non-partisan
Honorarium
Should keep an alternative speaker as a precaution

Target Group

The aspects of participants will determine the structure, content and activities offered in a workshop. Some of the key questions that have to be taken into consideration are:

What is the size and composition of the group?
What are the ethnicity, gender, ages, and teaching experience of the participants?
What is their level of interest?
What are their needs?
How to alleviate problems that might emerge?

Find Workshop Spaces for Rent

Your workshop venue will depend upon the type of seminar that is being presented. The facilities of the venue should cover all the necessities required for a comfortable accommodation. Budget and needs of the presenter should also be taken into consideration.

Points to consider:

Cost
Capacity
Security
Computer accessibility
Lighting & Acoustics
Audio / visual requirements
Temperature

Finalize Details

Determine how long your seminar will be, the model of deliverance, equipment needed by the presenter, handouts or the learning material for the participants, breaks to be conducted and refreshments, and deadlines for replying. Secure a caterer to provide refreshments.

Contact Relevant Departments / Participants

Initial contact of those Departments or persons identified to attend the workshop, with the complete details of the workshop included. Includes:

Deadline for response
Workshop overview
Essentials for eligibility
An estimate of participants required

Follow Up

Liaising with Departments/participants to ensure that the information distributed by the organiser was received. Ascertain the potential participants who are visiting the workshop and remind them of the start date.

Prepare the Final List of Participants

The final list of those Participants attending the seminar is prepared. All relevant persons like Caterer, Presenter, and Facilitator are notified of the number of participants.

Resources

All resources needed for the workshop is obtained or sourced at this stage.

Checklist:

Projectors, Laptop
Flip charts
Software to be utilised
Stationery
Handouts
Name tags

Follow all these points and then lastly make all the payments required. This will help you create a workshop that will create a lasting impression on your audience.

Finding spaces for your workshops for just a few hours has always been a tedious task. Myrsa will help you make this process easier. Find workshop spaces on rent on a temporary basis on Myrsa.

July 3, 2019 0

How short term rentals are taking over the market!

As the technology changes so do the beliefs of the people and businesses. Current technology is fast and wants to cover a large kind of audience. This transformation has caught the eyes of new businesses everywhere. Whether you are a traveller, a businessman, a landowner or a homeowner you would have noticed that everyone is travelling at a swift pace right now. This has led to the emergence of short term rentals. This has also led to a change in how people generate income and how they will, for future prospects, invest in their businesses.

From the retail industry to real estate, experience has become the most significant part of any business to provide. In search of new experience, travellers have been emerging and adding to market growth. This has led to the growth of the economy in double the rate. As more and more travellers are rising the food and beverage industry has also been growing a lot. Studies show that 44% of people prefer eating out. For this, your business needs to be where the people are. This expanding demand, audience size, sections, and competition have ended in the progression of consumer behaviour, preferences, and expectations, triggering an entirely new set of global, digitally related possibilities in the hospitality marketplace.

Airbnb is leading the market by having more than 4 million properties in over 65,000 cities, combining more than top 5 major hotel brands.

So What are short term rentals?

Short term rentals are usually based on the time length of renting a particular property. Vacation rentals are a kind of short term rental. Also, this has gone as far as even renting out for commercial properties. The acceleration of pop-up shops in malls an even commercial complexes has made it prominent. A short term rental typically starts from a few hours and goes up to a few days.

The flexibility of the short term renting makes it suitable for the tenant. The properties provide you with all the amenities that you need and help you in cost-cutting. For the landowner, they can increase the price of property whenever they would like and also rent it out on a time that is suitable for them.

Platforms that are based on Short term renting-

Airbnb- Your Vacation Rental Platform

Find unique places and experiences with this website. This is a platform that can be used to rent out homes for a short period of time. This platform has grown so much in just a small period of time. You can find all the different types of stay rentals in different areas. It has now become a Millenials favourite spot.

We work- Coworking and office space

It has a global network of workplaces that you can rent for a short period of time. Meeting rooms, office spaces, private office, conference rooms and also event spaces can be found on this platform. Find comfortable shared office spaces and keep the work going.

Myrsa- Temporary Renting of Vacant Spaces

Myrsa.in has everything that we work has and much more. This is a website where you can find short term renting of commercial spaces whereas you can even find a retail or any kinds of spaces for any kinds of activities. Here the renters can rent out any extra space to the brands that would require them. The most popular spaces would include parking spaces, garden areas, clubhouses etc. Brands can use these kinds of spaces for any of their promotional activities or people can use these spaces for events or celebrations of all kinds. Spaces for popup shops in malls or kiosks spaces can be easily found over here. It has a vast variety of activities and also a huge variety of spaces. You can visit the website to know more.

Growth Drivers of Short Term Rentals

The rise of the Sharing Economy: Retail space sharing isn’t new. Sharing economy means to share or rent out something that is not in use. A property that you own but there are some spaces that are of no use to you or they cannot even generate any income for you. Some of the businesses selling complementary products end up sharing more than just the space. These spaces can be of use to many other businesses even the smallest of vacant spaces can generate you income. Utilizing them for generating extra income can be a great idea. There has been a lot of growth in these types of economies in different sectors like travel, car sharing, rent sharing, finance etc.

Flexibility: Short term rentals are extremely flexible. In many cases, they start from a period of a few hours and can go up to a few days. Vacation rentals are of a similar kind and if you are a commercial property then you can rent them out after hours or on the weekends. It is up to you to decide when you can rent out the property and this makes STR one of the primary reasons for renting. Seasonal brands, seasonal cafes or and many other retailers can make use of the STR and have their own shops set up everywhere.

Value for Money: The average cost of a vacant property on a short term basis can generate a lot of income than what a long term investment would give. With a wide selection, from places with high visibility to a small space, affordable places have become easier with the STR properties. They are now becoming primary choices for many.

Rental Property Investments: The preference of the millennials and the generation x demographic for rental properties over ownership has succeeded in rising rental yields and sustained demand growth for investments in real estate rentals. Also, pop-up shops are a trend that millennials intend to follow.

Popup-centric Technology Platforms: Popups are becoming extremely popular to reach out to different audiences. Millennials love this idea and brands want to impress the millennials through this. Every brand needs to have its own pop-up shops in different places. Testing out markets becomes easier through these platforms as you can have different popups in distinct areas for a short period and find out which one is the best to invest in. Also, the phrase “here now and gone tomorrow” makes it more desirable for the consumers.

Wider reach: Business owners can easily increase their brand reach with the STR programs. You can open up a number of shops at a point of time and it helps you grow further with your audience. You don’t actually need to have to invest in the property essentially, but can still have your brands at all the different places.

The STR marketplace has brought a change in the definition and meaning of property ownership by disrupting the long and traditional way of hospitality. This has given a new way to earn income from the real estate ownership business. It is now a thing that no one chooses to ignore and adapt it to their business as soon as possible to make the most.

Adapt to this new way to carry out your business and utilize all your spaces to the fullest by monetizing them!

March 6, 2019 0

How can startups benefit from Myrsa.in?

The ‘Golden Age’ for start-ups in India has rightly and truly arrived, and India is witnessing its age-old talent for entrepreneurship being unleashed like never before. Brand-new ideas are exploding into business models and investors are all lining up to provide the requisite finance and mentoring, to take the start-up to the next round of funding and higher valuations.

India today is replete with examples of successful start-ups that have seen valuations ballooning within the first five years of operation. Renown names like Make My Trip, Naukri.com, Shaadi.com, Just Dial, are all success stories that have survived and grown from the last internet boom, at the beginning of the Millennium.

Success stories of companies that have grown over the last 5-8 years in India are Flipkart, Snapdeal and Myntra – all e-commerce companies, Paytm in payment processing, Red Bus in travel, Ola in taxi aggregation, Book My Show in entertainment, and Housing.com in real estate. The list is long with more businesses being launched each month.

Numerous successful online or e-commerce businesses and small-scale startups face a very genuine problem which is to target potential audience who are not aware of your brand/business and convert them into loyal customers.

One of the colossal hurdles these businesses face is that of forming a professional presence out of the ambit of their reach. For digital companies, these would be tapping into potential customers that are more likely to avail your product/service when acquainted to it in the physical dimension. For small-scale businesses, this would be making people aware of their existence outside the vicinity of their operation. The biggest challenge faced while executing a strategy which aims to tackle these marketing barriers is finding the apt retail space for rent which would complement the needs of your business to blistering extents. People with their own space can open doors and host events – reaching a new audience, expanding their network and growing their business with additional income.

What are the biggest challenges faced? More importantly, what does one do about it?

Understanding investment- As a good businessman, you obviously know that owning assets that generate value and earnings is much better than owning assets that generate expenses.

So now let’s discuss the really important details ->

1.)Issues with conventional rental -> If you rent a commercial venue through conventional means and methods nor only do you find yourself facing leases stamped over but might also have to handle maintenance, utilities and commitments to occupy the place for a set temporal period.

2.)The opposite side of the picture-> In strong contrast to this consider finding yourself a platform which lets you rent said avenues on weekly or monthly rolls without strict leases and independent of any and all sorts of legal fidelity.

3.)What can you do with it? This quickly empowers you to switch between places to find the appropriate one according to your professional needs. Also shifting between important locations with a good inflow of defined target audience is “gold” for your brand/business awareness.

“The pendulum has swung too far,” stated a founder of one of the well-doing startup in Bengaluru “People have to have places to restore and absorb and process information” in order to be productive at work, she said.

4.)Optimization through analysis-> Individually if you have the liberty to hop between different spots and decide which shops or workrooms are most suitable for your goals and targets you’ll be able to optimize your business strategy.

One of the most potent elements of running a successful offline business is ideally finding the perfect surrounding an environment that complements your venture. This more often than not can only be figured out by trial and error no matter how much you try to work it out in theory.

Myrsa is an online platform that not only lets you avail everything already mentioned here but a lot of other features as well to assist you in real-world simulations of your business in different environments. You can temporarily rent office or shops for short terms, shared working space with already established businesses; which by the way is a great place to tap into the already in-flowing foot traffic , avail accommodation spaces to cache your procurement, get promotional spaces in places like malls and shopping centers, advertising spaces and a lot more. Basically all the benefits of temporary renting out any space with bare minimum liabilities. So stop waiting and up your marketing game to the next plethora, go check out all available rentals and get the one that suits your business needs and wants.

December 28, 2018 0

Give auditoriums or Community-hall-for-social-cause:

Community-hall-for-social-cause:

Some of us own a lot of space but, unknowingly, underused it. They can do much more with their spaces than using it once or twice a while. To give a clearer picture, the vacant locations in schools/colleges, say, can actually become brilliant business arenas!

The auditoriums of most of our colleges best testify to it. How many times are these auditoriums used in a year? At maximum, 100 times out of 365 days. Let me fuel some thoughts and you will connect them yourself.

There are numerous artists, individual or groups looking for chances to showcase their talents. One of the most essential prerequisites for them is a stage. A stage where they can perform before their audience. Audience and sales are important too, but secondary to having a venue. Booking theatres for even small time slots is a difficult task when it is a big, famous theatre. Whereas the primary aim of a budding artist is to make his/her shows a reality which does not require a huge theatre in a primary location of the city. A comparatively smaller stage and an audience will be just enough to give them a kickstart in their field.

Related Post: Your space is your leverage!

Now, almost all educational institutes have auditoriums and assembly halls. These remain vacant almost every evening sparing a few days. The seating capacity of these auditoriums ranges from 50 to 500 seats, so does the size of assembly halls. If you calculate according to the yearly usage, these rooms are used for less than one-third of their actual capacity!

Connect the dots! The rising artists can very well rent the smaller theatres to start their careers! Auditoriums in institutes have almost all facilities for music performances, dances or dramas. Stand up artists can try out their skills here for an amount lower than what they would spend after the well-known theatres.

The institute will be in an equal profit situation. They will charge affordable rent yet earn better than what they used to. All they have to do it sign up on Myrsa as a space owner. Soon more and more brands will discover them and their income will keep increasing multifold. From an empty space in a college to a houseful theatre, that room will be a great advantage to the institute as an extassera income, to the artist as a cheaper stage option and to the customers as an easy destination and of course, a smaller ticket! Like we say at Myrsa, it’s a win-win!

You can find great ideas on a blank page if you look for it. Above we’ve talked about the auditoriums of an institute. There are parking lots, playgrounds, lobbies, art rooms, classrooms, etc with huge potential to generate revenue while solving the biggest problem of the city, space! There is a large number of people wanting to showcase their talent and they just need some space!

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March 8, 2018 0

Match-Monetise-Myrsa!

That is what Myrsa does, in the simplest form.

Every day when we travel from our homes to our offices or take a long walk in the evenings (or morning, for the morning-people), there are certain locations that we have in our minds which denote either a turn or a stop. After reading this article, the next time you reach this location, I bet you will see a whole lot of imaginary events happening in there!

Whenever you are strolling around, there’s always at least one school that you come across. Talking of schools, they are highly functional from morning 7 till evening 7 and then equally vacant. That urges me to think of the variety of ways this vacancy can become an advantage!

Advantage #1: Assembly halls

Every school has an assembly hall used for school activities. After 7pm, this assembly hall can be a host to several other activities. Dance trainers, who cannot afford to buy a studio, can hold classes here on rent. Music teachers, too, can conduct classes without having to invest in buying any shop or rooms. Thinking further, how about weekly sessions of martial arts? In fact, there can be a timetable of the entire week having 2 dance classes, 2 music sessions and 2 martial arts sessions, all on per day rent basis. That makes 6 days. I leave the activities of the 7th day for you to think!

Advantage #2: Classrooms

Almost all of us had taken extra classes during our school times. Be it UCMAS or Vedic math. The teachers of these subjects find buying a space to be one of their biggest challenges. They can easily utilize the classrooms of schools for this purpose! Their students usually are the kids of nearby areas and their lectures are on weekends when the schools are not functional. Everything fits perfectly. myrsa.in makes it super easy for schools to list themselves on the website and the teachers to find the schools. One teacher can book multiple slots in multiple schools and maintain his/her dashboard too. This can be a great way to earn while spreading the knowledge!

Advantage #3: Grounds

Not all, but a lot of schools have huge grounds for sports and cultural events. How often are these grounds used other than the sports days, cultural festivals and such certain events? That’s one question. Here is another. How much can these grounds be used? The first one has a fixed answer. The second one, well, has unlimited answers the more you think. All kinds of events spanning from marriages to exhibitions to Sunday morning yoga sessions or promotional Zumba workshop can be held on these grounds. There are a lot of sports clubs and local clubs that organize outdoor games for their members and school grounds can be the best choice!

A little tweak to the standard image of a 7am to 7pm school opens up a host of business opportunities! This is about only those people or groups who have been a part of almost all of our lives at some or the other point of time. There are so many newer startups bubbling up every single day, a lot of them being individual entrepreneurs. So many of them are searching for a suitable place to experiment with their ideas for a day or a week or as you read this. Rental spaces can ease out their way a little.

Related Post: Mobile Payments accelerating Pop-ups

Mind blown? Very much. So tomorrow when you are taking a stroll around your home or office, watch the usual surroundings but see the bunch of possibilities that are in front of us yet hidden behind the old set perceptions of ours! By the time you are done counting all of them, it’ll probably be the time for you to return. Next time, I’ll give you something to think about when you’re stuck in traffic! Stay tuned!

February 22, 2018 0