How to monetize Fitness Space by using it for various Dance forms?

Dance is becoming popular not as an Art Style but new fitness mantra. In olden days dance was just practiced by people who loved or had an affection towards various dance forms like Bharatnatyam, Kathak, Kuchipudi, Lavani and so on. Such dance forms varied in India from state to state. Like, Maharashtra is famous for Lavani and Kerala for Kathakali. Dance is now being treated more as a fitness formula and an also becoming more popular as fitness business idea than just an art.

India is transforming 360 degrees and this transformation is bringing positive results in the lives of people. We are these days leveraging facilities of space in our areas like society clubhouses on rent, halls, garden areas or lawns that are best places to conduct Yoga classes. Such spaces are also being used to conduct fitness activities like Yoga, Zumba and so on. In this article, we will be highlighting such dance activities which are now being taken up as fitness or workout activities with various age groups and.Let’s discuss different forms of Dance Workout Routines.

Related Post: Essentials to Open a Dance Studio

Aerobic

Aerobic workouts are amazing and the most popular forms of exercise for a decade as Fitness spaces for rent are readily available. Dance is an aerobic exercise, conducted in a similar form as other aerobic classes. While the dance technique may differ, class structures are more or less the same. Generally, class begins with a warm-up session, which may go on anywhere between 5 to 30 minutes and involve exercises to raise your body temperature and flow of blood in the body, and stretch your muscles. The warm-up period will transform into a rigorous dance routine aimed to boost your heart rate and get you pushing and sweating, concluding with 5 to 10 minutes of cool-down exercises to further overcome and lessen muscle soreness.

Jazzercise

Jazzercise is a perfect dance-fitness routine and one of the numerous well-known dance workouts these days. These hour-long sessions mix jazz dance with strength training, as well as Pilates, yoga and also some parts of kickboxing, all set to today’s popular music, from favorite Top 40 songs to country and everything in between.

Zumba Classes

If you are hunting for an upbeat and intense form of exercise, look for Zumba class locations, belly dancing, salsa dancing classes. Zumba is being taken as a profession by many people and evolving as fitness business ideas. Zumba, for instance, is a workout performed to a Latin beat. Such sessions will have you sweating to hip-hop and other vigorous and energetic music. It mixes calorie-burning cardio exercise with a core muscle exercise and interval coaching to maintain and help tone and sculpt your body.

Yoga Classes

For people who are in search of a different type of intensity in their dance workout, watch for Yoga Trance Dance. Yoga Trance Dance is a free-flowing activity that mixes yoga postures, meditation, and free-form action leading into combined energy. Nia is another type of workout is made up of 52 movements that mix dance, martial arts, and remedial arts, and it manages your core muscles and upper limbs.

Ballroom Dancing

Ballroom dancing might not be the like the most vigorous and strenuous aerobic dance to do, but it is surely having lots of benefits. It is a reasonable activity and is promoted throughout the world. The only downside with this type of dance form is that you cannot simply do it alone, you need a companion. You need a partner for the purpose. Once you have discovered someone to dance with, you are certainly going to have a fabulous experience that is combined with exercise. This type of dance helps to tone muscles, burning calories, great for bones and increases confidence. So ballroom dancing should not be underestimated since its slow but works excellent as a form of exercise.

Belly Dancing

Belly Dancing is elegant and fascinating. It developed from Arabic countries such as Egypt and Turkey many years ago. The name is totally western and is a single and solo dance style where body articulation is a must. There are various forms of belly dancing, and each one has its individual style. It does come under the level of aerobic dances and is practiced these days in fitness classes too. Reason of it becoming popular day by day it because of its host of benefits like it helps with a new experience and simultaneously improves your fitness level.

Dance-fitness classes are accessible for beginners, intermediate and advanced fitness levels. Just search on the web – “yoga class near me” or “fitness class near me”, you will get loads of locations available around you conducting such dance classes. Some provide more of a workout than others. You can select the perfect dance style that suits you.We at Myrsa provide a platform to people looking out for temporary spaces for rent to conduct various fitness classes.

August 21, 2019 0

Why New Generation Prefer Renting Over Buying A House!

With changing trends and technology today’s generation has different thoughts as compared to their parents and grandparents to owning the house.
As you drive through any Indian metropolis, you will surely come across with giant billboards selling the dream house in swanky high-rises with all modern amenities, but generation, of today, is not too keen to buy a home of their own.
There are various reasons for such behavior that includes personal preference and economic deliberation.

The Mindset Of New Generation-

Interestingly, a new generation has come to a shift in value and culture. Nearly 40 per cent population of urban India in top 8 metro cities lives on rent, which increase the demand for good rental properties every year. As a new generation, millennials have a very different thoughts on home ownership than their parents or grandparents. Youngsters, as well as working couples, have many other priorities that contribute significantly to the growth of the home rentals – with such exorbitant annual rents in the top cities, however, one of the most important aspects that distinguish the current generation from its previous one is that they are focused on utility and experiences rather than ownership. Thus, a rented home located very near to one’s office place with good connectivity and stable connection is very much desirable to a young professional than an owned house located miles away.

The EMI-to-rent ratio-

One of the considerations when buying a property is of course affordability. The rent of a certain property is always less than the EMI one would be paying. But when the difference between EMI and rent is not much, then there is a chase for buying the property EMIs help in building an asset. In India due to a relatively higher price of property, the EMI ratio is very high as compared to renting a property due to which staying on rent is more viable than having the owned house.

Co-living space-A new trend-

While renting house is getting more organized, the fact that millennials prefer sharing to ownership and are shying away from home ownership in favor of renting this has given rise to the concept of co-living spaces. Based on the ‘plug-and-play’ model, co-living helps the residents share amenities like wi-fi, phone, housekeeping, laundry, water, entertainment. Also, they share a kitchen, bathroom, living areas, and pantry. It’s like a home away from a home.

With property prices rising in gateway cities, co-living offers residents shorter and more flexible lease terms compared to ready-to-move-in convenience. Along with that comes additional benefits like electricity, water, gas, all-inclusive with the rent. Hence, millennials are willing to pay high premium for their stay in an organized set-up as this saves them from chores like separate bills payments etc.

Given that demand is increasing and there is a relevant supply too, this shows that co-living space is set to grow significantly in the future.
‘Generation rent’ is thus a phrase that is apt for millennials and the real estate industry needs to be well equipped to adjust to this new paradigm.

Making The Millennial Connection-

The millennial consumer also wants to enjoy the modernized, tech-driven rental home-seeking experience. Indian millennials are wired to go the online way for home renting, They use the internet and love to research they know the popular websites and the information they are promoting.

When millennials find a home that interests them, they look at both the street and aerial view on Google Maps. They pore over any photos or 3D virtual tours.Younger consumers will also use the internet to research their agent. Consequently, they demand an agent who is demonstrably smart and resourceful. Reviews and referrals from their peer groups matter to them hence using those reviews, they will decide if you are worth their consideration.

Communicating With Millennials-

Millennials tend to be less patient. They expect quick response time to their questions and concerns. Being attentive to their communication preferences they prefer to text or phone and act accordingly. The property management software should contain up-to-date and comprehensive information where they can learn more about the local market as well as the buying and selling process. If your clients are buying property their first home expect many questions. One should have complete knowledge of the local market to build the trust. So the property management companies should be very expert in addressing the clients requirement and supporting the clients in all the aspects of buying properties on rent also generating a back up for resource information that customers require, so they can access for themselves.

As we move into the future, younger generations of home buyers will share millennial characteristics. millennials will be the dominating generational force in the housing market. You can wrestle with that fact, or you can embrace it and figure out a way to keep up with this cohort of home buyers. Be honest and sincere, authentic, original and empathetic. Demonstrate to your potential clients that you stand for something greater than yourself. It’s important to help them maximize their time, efficiency and money while minimizing their risk.

In order to leverage the right property to the customers the Real Estate managers need to have an online platform which can resolve the customers queries thus MPower is such a online platform to assist the Real Estate companies and manger to manage their properties and guide their customers in right perspective.

August 13, 2019 0

How IoT Is Revolutionizing The Real Estate Sector

Today’s world is technology-driven, you think of anything and it is backed with IoT in some or the other way. With such a high demand for AI and IoT, even real estate sector is highly influenced.

Internet of Things (IoT) and Artificial Intelligence (AI) are the buzzwords in a technology-driven world, even real estate developer are deploying this to their upcoming properties to influence the home buyers Developers are working towards the automation of products to their new developments. Earlier due to the huge cost of technology such advantage could not be provided to the customers but now as India is also a technology-driven country so there is a reduction of cost factor even the deployment cost had gone down due to which application of IoT becomes smooth.

Real estate today is no longer confined to a brick-and-mortar structure with developers constantly looking for ways to offer value to their customers. It has evolved into creating a healthy environment for people to live, work and play, thereby improving the health and quality of life of households in India

Related Post: 5 Steps to Increase Conversion and Rent Out Your Property Faster

Wifi which is now the necessity of every house enable home automation products like video door panels, sensor-based light and video-based security and surveillance systems, automatic management of home appliances, air-condition, television, geysers and other such electricity appliances the entire home automation is controlled by a single application which is slowly becoming part of new development, especially in the metro areas.

MPower, a real estate management software has been working with developers and property managers to manage their multiple properties and thus it had influenced the business functionalities.

Real estate industry completely runs on raw materials like bricks, cement, iron, steel and more. To understand the inventory, agents can keep track of the stock availability at the sites. Tracking of materials helps the real estate companies to avoid the unnecessary wastage of material hence cutting down the unnecessary cost on material and investing the money wisely. Such tracking of materials can be wisely done by IoT application.

Not only this even the decision making also have great impact with the IoT usage better decision making can be taken by customers or property managers. The devices provide valuable information that realtors can leverage to improve sales. An in-depth, predictive analysis of the home serves as a “report card” of the property’s value. Agents can provide this information to prospective buyers to boost their confidence while making the buying decision.Instead of wasting time by seeing the property multiple times for consideration, prospective buyers can use accessible, informed analytics to make quick and better decisions.

Related Post: Ways to Improve your Real Estate Customer Experience

IoT applications will keep booming and molding the real estate industry in innumerable ways. When selling a home, agents ought to think about whether the home is IoT enabled or not for the offer. It will likewise be fundamental for agents to analyze how IoT innovation can enable them to expand their own activity proficiency and create leads.

Infrastructure flaws are not noticeable if a building is newly built. Though, all buildings will age and require attention for its maintenance. IoT helps developers give the assurance that buyers need before signing the agreement. The predictive technology will help tenants identify and address infrastructure flaws over time. By using IoT enabled sensors and real-time energy monitoring, tenants can track any inconsistencies that come up and schedule for maintenance automatically.

Even commercial real estate also see changes in its operations due to IoT usage. The devices connected make it clear who is responsible for the particular task. Due to such a system, last-minute changes can be made even so there’s less confusion for workers regarding their directives. They can be designed to connect all of the major systems in the facility. like HVAC , lighting, etc IoT can show how the building’s units function as a whole.

Leveraging IoT applications in commercial and residential real estate can lead to cost savings through better operations. This works more apt when the managers have all the operational data with them this further helps to make changes to reduce pressure on their equipment. Such in-depth reports lead to less maintenance and replacement costs.

Commercial tenants can also use IoT to improve their businesses with property management software which led to greater efficiency and employee satisfaction, tenants may raise their business’ profile and potentially the profile of the area through IoT. Building owners can’t mandate certain technology upgrades for their tenants. However, they can educate tenants to the power of IoT for better business benefits

Real estate has always been a lucrative option for investors. However, technology has begun to change the expectations of commercial real estate, and it’s likely to keep growing on this path. Owners and investors who understand how the advancements of today will impact the profits of tomorrow stand the best chance to sustain in the future.

IoT has already begun to increase efficiency in construction, building management, home buyers and tenant satisfaction. such capabilities and IoT features will continue to grow and adapt to new building needs in the future.

August 8, 2019 0

Ideal Food Festivals in Mumbai for your Food Business

It is so amazing to see the growth of the food and hospitality industry in the last few years. Now it is not just the big brands that are leading them but smaller food startups are taking over the lead.

Mumbai is said to be the prime city of India. It is said that one can find the whole country here in this small city. Mumbai being the economic capital of India, food business has thrived overseas. To celebrate the ultimate love for food, the people from the city which never sleeps enjoy Food festivals at a huge scale. Various Food festivals are organized in Mumbai, people are fond of attending them on a large scale because who doesn’t love food? It is one of the best profitable businesses by arranging the in-demand food festivals.

Food festivals like any other festival are done for promotional activities. What’s interesting about these festivals is that they give equal opportunities for small and promising startup brands.

Above all these, it is like an opportunity for upcoming brands to learn and observe how larger and established brands that their customers that they stand out from the crowd.

There are so many food festivals that go on in India itself and every one of them has their unique touch to them. While some fests have restaurants others have famous street foods and local foods that people love.

As it goes food fests are not just for copying the other brands but also standing out with their uniqueness. They need to have their identity the one which will be remembered for, something that defines it that cannot be recreated by anyone.

Food fests are also great for brands that do not have a huge budget to promote themselves. This is a great way to get out there and reach potential audiences at low cost. People can know about the various things in your menu and also get a taste of them. These festivals are covered by foodies and so it becomes a great way to promote your brands. Myrsa is an online platform which helps brands to connect with these food festivals. Businesses can find spaces in upcoming food festivals and can promote themselves for a few days.

This can also help you make extra income if you cater to the interests of the people. It can help with interaction with the brand and you can get to know how well your competitors are doing.

Here are Top 3 of the Food festivals in Mumbai which you will love to attend if you are an ultimate foodie:

The Grub Fest

Grub Fest is a perfect example of food, entertainment, and fun. The fest includes an innumerable variety of food, beverages, drinks from different parts of India, Dance and Music performances. Many of the famous restaurants also host to take part in this fest as it is one of the most popular food festivals in Mumbai. Not only that but it also consists an organic food market, where all fresh and organic food is sold. The Grub fest is an all in one fun package of Food, Music, Dance, Fun all together. Visiting this festival will not make you regret it at all.

Bhukkad flea

Bhukkad is a Hindi slang word which is addressed to people who are always hungry, and if you belong in that slang group Bhukkad flea is the place for you. Basically, it is a unique meeting ground for foodies from all over Mumbai to celebrate the love for food they all have. The flea is mostly organized for home chefs who would like to display their skills, and amaze the crowd with their cooking magic. Also for street vendors, small eateries, and food start-ups. There are live music shows which keep the crowd in a great mood and help to spend time with their food. At this awesome flea, one can taste 100 different types of food in one platter.

Itsy Bitsy

The main purpose of this unique food festival is zero-wastage. Itsy bitsy allows foodies to enjoy a variety of food while reducing waste. Most of the food stations set up here are from renowned Mumbai’s eateries, with their specialties. The most fun part about this festival is that the food available here is of bite-size, meaning the plate size eatables are served in bite sizes which makes it more appetizing and cute. Here the remaining food is not wasted as it’s main motive is zero wastage, the rest food is donated to Roti Bank and Robin Hood Army. These are the organizations that supply surplus food to the unprivileged.

Food festivals bring a massive crowd together. This results in advantages of promotional, establishment and start-up activities. This also helps you create relations with other associates and clients which can last for very long years and can be profitable in future. Organizers play a crucial role in food festivals as it reflects the background and personality. Once a food festival is loved and visited in large population by people it is a success and profit for the organizers. The arrangements, space, promotions and stalls are the centre of attraction. Space is the prime factor of a food festival, as everything depends on that. A spacious food festival is always the best and most attracted as the visitors get to enjoy their food love and time together at its fullest.

Launching your own stall at any of these fests will make people aware of your brand name and services in the market. Along with all these, you get to create connections with other associated and clients that can last for long years.

Keep in mind that you are not alone in the competition and so you should not act like one. There are many other people and companies that are willing to create their own identity in the market. With such food fests, you can achieve your desired results in less amount of efforts. Find spaces in Food festivals in Mumbai with Myrsa and let your brand grab the right opportunity.

August 6, 2019 0

What’s Better? Coworking space vs Serviced space.

With the growth of businesses and entrepreneurs in our country, the need for flexible office spaces is also rising high. These concepts are very popular among small startups but now, larger corporations are stepping towards the concept of shared office space to provide their employees with a better and comfortable environment. There is a potential for tremendous savings in the operational costs with shared office spaces. Two of the most popular shared office space concepts are co-working space and serviced office.

1. Basic Definition

To understand both concepts of shared office spaces we will have to start with the basic definition first.

Coworking spaces refer to an office space that can be used by freelancers, entrepreneurs, businessmen or a team who are willing to work in a regular office space rather than in isolation of their home office. This kind of workspace is very flexible and it offers various types of facilities and services which are according to the needs of the business. Some websites that provide you with coworking spaces are We work, Awfis and also Myrsa.

Serviced office are those building in which each company has an individual floor or an individual office to themselves on rent. These buildings come under the regulations of a facility management company. These offices are mainly known are business centres or executive suites. In India, there are many companies that provide serviced office spaces.

2. Privacy

As co-working spaces are something that is a space inside one office, maintaining privacy becomes a bit of a concern. This is because there will e people around discussing their projects and walking around in the space. Everyone has a common space but if you book a space like a cabin to yourself then it will be much better. People who work in coworking spaces should respect and maintain decorum for everyone to work efficiently.

In a serviced office space, each company has the liberty to work inside their own respective offices. Businesses are able to maintain their own rules and regulation inside their offices and every startup or company can work peacefully in their own environment. Thus the privacy of each company can be maintained well.

3. Community Events

Coworking spaces organise events usually to keep the employees motivated from time to time. These events help in networking and also relaxing from work for a short amount of time. Entrepreneurs and freelancers get to discuss new ideas and this can help them a lot for the creation of bigger ideas and collaborations.

Community events are not held so much in serviced offices as they have their own individual workspaces. This reduces the scope of interaction with other companies and other organisations. They have their internal events in their offices from time to time and every company can differ in such events.

4. Agreements

Agreements in coworking spaces are on a temporary basis. They offer a lot of flexibility to freelancers, entrepreneurs and companies who rent out the spaces. It can be according to the requirements like the number of people and how long will they require it for. A coworking space can be booked for a few hours, a few days and even for a week. Usually, it is rented for shorter periods of time.

Companies that are going for serviced office need to pay rent on a monthly basis. Unlike coworking workspace, these are leased for longer periods of time and for companies having a larger group of people. The lease period may start from a month and may go up to a few years. The rent amount of this office is also much higher than that of coworking spaces.

5. Extra Amenities and Extra Space

In a coworking space, entrepreneurs have additional services like a game room or a resting room and this will include inside the particular rent amount. There are usually extra spaces available for entrepreneurs they can make use of the additional features that are there in the office. This can help reduce stress and can provide a comfortable environment for the business owner.

In a serviced office as the company has its own space they use it for the accommodation of every employee. They usually do not have extra rooms available for the employees. Every office has the same layout in these business centres and it depends on the individual office how they utilise it and how they would plan the interior. However, some services are that they have managed reception and maintenance facilities and security services available.

Now that you are well aware of both of these spaces. Decide on what suits you the best. Renting out spaces on a temporary basis and searching for spaces in a different location can become a tiresome task. Myrsa helps you with this. It is an online platform for short term renting of office spaces. You can decide the time and space required and search through various options and start working in your own office.

August 1, 2019 0

5 Steps to Increase Conversion and Rent Out Your Property Faster

In a world where customers demand reliable and instantaneous information, on-demand services are on a rise. You can easily access an ocean of information on your fingertips. Anyone can stream their desired TV shows, book a cab for a quick errand and catch up with world news just with a few clicks.

It is important for the real estate industry to keep up with the pace of the on-demand economy. This economy is sure to revolutionize the trends of the industry on a large scale. Customers will expect quick solutions when it comes to property.

Potential tenants desire responses regarding property listings the same way they desire everything else – fast. From quick replies to follow ups, here are five steps to be taken to increase your lead-to-lease conversion rate and rent out your properties faster:

1. Respond to queries as soon as possible:

The early bird gets the worm. Be quick as a cat when it comes to replying to customers. We are talking minutes instead of hours. Studies suggest that you have a 40 percent better chance of engaging with your customers if you respond within the first 1-2 minutes of the inquiry being made. And if you thinking that waiting for even 30 minutes is not going to affect your chances, you are going to lose about 20 percent of potential renters as they will have moved on to other listings.

The least you can do to keep the customer hooked is acknowledge their inquiry using Artificial Intelligence (AI). Innovative technology has made it possible for you to reply instantaneously to queries. Moreover, you can program the AI to answer frequently asked questions and schedule showings of the property.

2. Qualify Leads

It is of paramount importance to figure out if the property the customer is interested in is the right fit for them. You would not want to offer a smoker a smoke-free property or a pet owner a space that isn’t pet-friendly.

Setting up a criteria that filters the renters who are not fit for the property saves both your time and theirs. When you list the property, you should include as much information as possible before they reach out to you. Even after they have contacted you, ensure that the expectations they have from you match with what you have from them.

If all is well and good, you can proceed to the next step that is the showing. If not, you two can part ways or you can offer another property that will be best suited to their needs.

3. Cross-Sell

Do not rule out a renter if they are not a good fit for the property they inquired about. Instead, offer them to check out other properties you own or manage. Cross-selling allows you to turn more leads into leases.

To do so, you can by figuring out their requirements by the questions they ask or by redirecting them to the listings of other properties owned or managed by you. If you are successfully able to get the customer interested in the space, schedule a showing.

4. Follow Up

Following up is the most important step to converting leads into renters. However, property managers assume that one follow up is sufficient after the initial point of contact to keep the customer engaged. Contrary to that, research shows that following up five times within four days of the inquiry is the ideal conversion ratio that ensures you get the most out of the query.

Contact them the same way they first contacted you. If they sent you an email, reply them back. If they made a phone call, ensure that you call them back. Send follow-ups emails stating the important points covered in the conversation. Moreover, you can ask them about their feedback or if they have any further questions regarding the property. Enabling multiple touch points makes the customer think you are interested in renting out the property to them.

5. Lease Online

With the proliferation of technology in all walks of life, it is about time you moved your business online. If you still rely on screening through submission of applications – consider digital leasing.

Research on a platform that lets you list all your properties and allows customers to get in touch with you regarding the space they like. Additional features that will boost your business is accepting payments through the same platform. This lays out the foundation of managing everything from one place. By switching to a digital method you will not only save valuable time but also fill vacancies faster.

MPower is one such platform that allows you to list your space inventories, accept inquiries online and earn effortlessly. You can also link your bank account and receive money into your account after you complete a booking. MPower lets you keep detailed records of your business to let you resolve issues of property management and finance.

Make the most of these five steps and you will see that letting your properties stay vacant will be a thing of the past. Utilize your time optimally to increase your cash flow with MPower.

July 30, 2019 0

Factors To Consider When Buying Or Renting Warehouse Space In India

Business Growth is extremely exciting and dreams fulfilling of every business owner. With your business growth, there comes an expansion plan as well which require a warehouse space. So before you require much large space for holding or dispatching your goods there are certain factors to consider while buying or taking a warehouse space on rent.

Traditionally one of the most ignored sectors in logistics, warehouses have now developed into sophisticated stockrooms with advanced, real-time tracking mechanisms and other state-of-the-art facilities, which have been instrumental in shaping the modern economy. Thus it had evolved from traditional godowns’ to the modern setups which have a complete suite of the warehouse management system. Now the trend is changing and there is a great demand for warehousing and logistics especially from tier-II cities like Jaipur, Ludhiana, Lucknow, Guwahati, etc

There are various factors to consider while choosing a warehouse space for your business.

Calculate the space required

Business planning is a meticulous task as it never works on the present work situation. It only works with the estimated plan of business growth in the coming years. Having a thoughtful space planning is very essential for the growth of the business. Space can be a valuable deal only when it is well-calculated else in case of gradual growth it can disturb the financial circle by incurring the extra funds in the space. So a better analysis you have the wiser you will be to make a decision. Thus the storage requirement should be according to the product.

Desired Consumer Base

While choosing a location it is very essential to consider your customer’s location. Your customers should be in close proximity to your warehouse. This will lead to good customer service as well will reduce the cost of shipping thus with the faster and cheap shipping process. This will make your customers happy and more likely they will be loyal towards your brand.

Proper documentation and understanding of Rent term

The rent agreement or lease agreement is a vital document one should go through it accurately before finalizing your warehouse space. Even the increase in the rent amount should be considered if it shoot up the cost will disrupt the financial planning of your business.

Proximity to the carrier services

Make sure your warehouses are near to carrier services as it will streamline the process of shipping your products to your customers. If there is a good balance it makes the shipping process easier and faster as well make customer loyalty. Always determine a reasonable balance of distance between the manufacturing location, warehouse storage, and customer and always evaluate the transportation and shipping costs that go with that distance

Workforce Availability

More than the physical space of the warehouse location it is the demographics that matter. Understand your labour need because people in different locations have different skills and so the price of the place changes accordingly. Always consider the supply and demand of workforce availability.
If the demand of workers is more in that area it will then lead to high salary so such variation will impact the business so having a proper evaluation of the workforce in the area is very essential before opting for warehouse. To research and understand the demographics of the area, research the educational attainment and income levels of the city or state, which can be found on government websites. Understanding the workforce is important because it impacts your employee retention and productivity rate.

Longevity

Consider the longevity of your warehouse location it will impact the growth or shrinking of your business. Always analyze the potential growth of your company and determine if the warehouse location has room for expansion. If your product is seasonal, it is always advisable to consider a location that offers the seasonal renting facility. Evaluate the potential of the warehouse space and plans for longevity.

Taking the advice from the Professionals

It is always advisable to take the suggestion from the experts since every industry has different work condition so with the expert’s suggestion any unforeseen problem can be resolved prior.

Having an apt online platform for managing multiple warehouse properties. With the demand in the growth of warehouse space, there increase the necessity for online property management software,

MPower is one such platform which completely takes care of all the properties from a single interface. Thus providing accurate data analysis.

Choosing a warehouse location require lots of aggressive research work. The location of your warehouse can be mutually beneficial for your company as well as your customers, overall providing a more efficient, effective, and profitable experience for your customers and company.

July 25, 2019 2

6 Affordable Retailing Alternatives for Small Businesses

When starting a retail business, making a product that your customer will like is just the beginning of the battle. The next steps are to get that product in front of your target customers and unless you have a few lakh rupees lying around buying your own traditional storefront goes out of the equation.

Well, there’s good news for people who have a product to sell: These brick and mortar retail stores are not the only options for you. Whether you want a scaled-down retail space for rent or choose to sell online there are many alternatives that fit into your budget of selling your products.
Here are budget-friendly ways to run your retail business:

Kiosks

Don’t want to buy a retail store but still want to have your own space in a high traffic area? A kiosk is a perfect option for you. It is a great opportunity for businesses that have a small inventory. These small stands got their start several years ago with seasonal retailers wanting a short term option. Today there are thousands of kiosks in malls, event venues, markets nationwide that sell everything from food products to retail products.

There are many benefits of opening a kiosk, especially for new business owners. The total cost of the kiosk is all in meaning the cost of the location will also be included in the minimum rent amount. Smaller footprint and square footage mean a lower overall rent with less overhead and operational costs.

Another advantage is that they are usually located in high traffic areas such as malls due to which the visibility of the brand increases. This can help in making high sales and can help in brand marketing. Kiosks are usually cheap and can be based on an hourly basis. They are on a short term basis which has no risk of long term leases.

Food trucks

One of the riskiest and expensive ventures that a businessman can pursue will be the brick and mortar restaurants. Food trucks are becoming popular and are now a business idea for many businesses to get started on a budget. You get to show your skills thereby making a huge impact on your customers.

Food truck operators are able to open a shop quickly without a large amount of investment. You just find a small space which will not include extra costs of a kitchen and staffing and dining room. Food trucks have been growing because of the growth of speciality foods like gluten-free and vegan foods.

Statistics even show that failure rates of new restaurants are between 60 to 90 per cent while for food trucks it is just 10 to 20 per cent.

Pop-up shops

Popup shops are most common during holidays or festivals, but many few businesses take advantage of it all year round. Small business owners can take advantage of this and open a temporary shop as per the motive and position of the business. It can help to jump-start their sales marketing and branding efforts.

A great advantage of this business is you can move around and open in different neighbourhoods and expose your brand to a wider audience. Online businesses that want to test out their products can also use this way to really personally know their customer and market their product accordingly.

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

Stores can be found according to their budget and the location they select. Business owners should take a fully professional approach as if they were opening a retail store. The impact that these stores have on consumers is huge so taking this approach for small or big retailers will be really profitable.

E-commerce

If you have a product that can be packaged and shipped anywhere then eCommerce is your way to go. It is an e=inexpensive way to get your business out there. Without the cost of having a retail location, you can almost instantly start off with selling your product online. All you need will be a well-designed website and a shopping cart.

Mobile retail units

On the go, businesses are not just limited to food enterprises. Cost-effective retail stores like repurposed trailers and recreational vehicles are soon becoming popular. This has helped in finding success as businesses can keep on moving to different locations and reach new customers. They can share their whereabouts and keep their customers updated via social media.

Running a business from your mobile retail shops will give you the freedom to set up shops in new locations. The main advantage is that you are not stuck on any agreement and you can move wherever you want to.

It can give the flexibility to move so that you aren’t stuck in a location where there is no sales happening.

Wholesale

A wholesale business will help you get your products in the market without much effort in selling them. They can be in the form of an independent boutique to the large department store. You can produce a large number of products and sell them online to retailers.

To sum it all you can apply any one of these techniques and start off with your business on a small scale. Some of these businesses can create a huge impact on the public and can give you a jump start for your business.

Myrsa will help you find temporary spaces on rent at different locations. Choose the location of your choice and your budget as per your requirement. It is as easy as booking a hotel.

July 23, 2019 0

Ways to Improve your Real Estate Customer Experience

For businesses that frequently come in contact with direct customers, it is pivotal that you provide a good customer experience if you wish to retain them. As per a 2018 PwC study, consumers are ready to pay 16% extra for good customer experience. Yet, the most important reason why customers turn their backs towards businesses is insufficient speed and efficiency along with inconvenience.

More and more businesses are focusing on improving their point of contacts with customers. This enhances their experience and adds a personal touch which in turn retains the customers. On-demand services like Netflix, Uber, Ola, etc. are surpassing the expectations of customer experience, thus helping them sore their business to unmatched heights.

The expectations of customers have drastically changed over the years, with most of the consumers expecting quick and reliable solutions. Businesses need to get on board with the trends of the market if they want to make it to the other end.

CUSTOMER EXPERIENCE VS CUSTOMER SERVICE

Customer service and customer experience are two sides of the same coin. Even though customer service had been the top priority of businesses for the past few years, light is now being thrown on the importance of customer experience.

So what really is the difference between the two? According to Forbes, customer service is defined as “the advice or assistance that a company provides to its customers.” whereas customer experience is defined as “the total journey of a customer’s interactions with a brand.”

Customer service is a reactive measure that a business takes when a consumer reaches out for assistance. However, customer experience is a proactive measure where a business reaches out to the consumer. This makes the customer feel heard and acknowledged.

CUSTOMER EXPERIENCE IN REAL ESTATE

Due to the entry of a number of competitors, retaining your customers can be a difficult task. Even the slightest of frictions between the interactions of you and the customer can result in a drift.

Customers demand quick responses and reasonable prices when it comes to real estate. Being at their constant beck and call can enhance their customer experience and improve your goodwill in the market.

WAYS TO IMPROVE YOUR REAL ESTATE CUSTOMER EXPERIENCE

Confused about how to improve your customer experience in your real estate business? Leave your worries to us as we have listed here a few things on how you can get started

Low Response Time

The choices that consumers have has increased significantly while their patience to wait for a response from the business has dropped. Speed, convenience and efficiency are vital if you are aiming at improving your customer experience. Simply acknowledging their queries and requests can buy you some time while you contact the customer to resolve the issue within a few hours or days from which a query was made. This takes up very little of your time but yields great results in customer experience.

Consider Automation

Automation is the recipe to run a successful business. More and more people are opting for automation, thus increasing the efficiency and speed at which your real estate business caters to the customers. Automating most of your processes allows you to focus less on calls and paperwork and more on growing your property business.

Streamline processes

Proper planning and execution reduce the chances of you facing any hiccups in your business. An easy way to solve this is to opt for a property management software that takes care of all the processes of your real estate business. This allows you to take care of everything from one place at any time, anywhere.

Measure success

Measure the growth of your real estate business every now and then to figure out what marketing strategies you should plan next. An easy way to do that is to generate timely reports that help you analyse the trends in your business.

These are some of the ways to enhance real estate customer experience. Now, following all of the above without a little help can be tedious. Keeping that in mind, we have developed the perfect solution to all your real estate problems.

Mpower is a real estate management software that lets you list all your spaces on the dashboard, accept inquiries for the listed spaces and earn effortlessly. You can also maintain financial records and paperwork that reflect the transactions made with the bank and the customers. Moreover, we provide you with a dedicated relationship manager that looks after all your queries and resolves them in no time.

Manage your entire space inventory and earn effortlessly with Mpower!

July 18, 2019 0

Guidelines to Follow for your First Gallery Exhibition

How do I prepare for a gallery exhibition?

The field of Photography has gained a lot of fame and interest for people all around the world. People are keener to try out new things and are not scared to explore the world all alone. In the early days due to the social rules and a limited amount of exploration, people were unable to experience travelling and meeting different people and exploring the numerous moments of life.

But today it is a totally different view of life experienced without any boundaries of gender, age, language, religion. Many of the photographers are travellers, who travel to various places and capture the most breathtaking moments from different parts of the world.

The society is more interested in the photography today than ever seen in the history, in historic times portrait painting was the only way but was time-consuming, today within a fraction of a second you can click and capture your present situation. People love to visit a gallery exhibition where you get to witness the skill and art of photography. In some exhibition you also get to buy those photographers, this is a great way of income for a photographer or even for the person who organizes the exhibition.

Here are few guidelines one must follow in order to prepare for your first gallery Exhibition:

Choosing a Theme

Quality being equal, collection of random clicked photographs may not have that much of impact than a bunch of photographs which tie up together or are related to each other will. The theme for a gallery exhibition is a powerful way to enhance the mood, increase attendance and attract people. A particular exhibition interesting for me can enhance the overall look and make for the visitors.

Finding a Space

Spaces matter the most on any occasion be it a wedding, birthday parties, and in this case a first gallery exhibition. While finding a commercial space, space must suit your decided theme; some people go according to their choice or personality. The selected place or space must be comfortable for the visitors, important for presenting your skills in a way to impress them as well.

You can go for well-supported spaces which are famous for the art gallery exhibition, but you have to create and present an out of the box exhibition people have not seen. Also, don’t hesitate to try new places which are not been used before for exhibition, sometimes unknowingly unexpected spaces become the perfect choice.

Cost/Benefit Analysis

Having an exhibition can give you many benefits. When you display your work in public it becomes a great way to get your name out in the community. It can also help you to boost your confidence as an artist. Art is meant to be consumed by everyone and photography is an art. Therefore, it is of no good if you keep it locked in your hard drive.

Now, enough with this inspirational ramblings, let’s talk about costs. The things that you will need to pay for will include frames, printing, cost of the space, any food or drinks that you will want to provide to your audience. Before going on with your plans you should take all of these things into consideration. As tiresome as it may sound you need to make a budget.

Printing

Printing your photos can become very costly. You can use online printing services and save money (especially if they are having discounts on huge orders). You can also print them yourself if you have a printer.

Before you start spending money on print, keep considerations of how much space you are going to work with and how much money you can actually afford to spend on prints. Having different sized prints can help show some variety in your exhibition.

Get The Word Out

So now you have got all your work is done and ready to go. The next step is to get an audience for your exhibition. First, start with your friends and family, and then move towards hi-tech. You should have no problem letting people be a part of your plan whether it be Facebook, Twitter, any other online communities and message boards and your personal blog or website.

Also, you can consider going for traditional ways by opting public relations and contacting the local newspapers. Contact some photography teachers and invite the whole class to attend.

Sales

The main aim of your event should not just be to make money in your first showing or second or even most ones after that. If you go into this by thinking of it as your money making attempt, you will be disappointed. But you may be able to recover your costs a little.

For this, the first suggestion would be to price your pieces reasonably, but make sure that you are not underselling. Look at the costs that have been put into making a particular frame and then choose which should be expensive. Don’t price based on what you think is best or worst. You can even sell without frames that will sell for a much lower price. This will increase the selling capacity.

Following Up

You should have a guestbook at your opening and viewing period. This will help you collect names and email addresses of people who were interested in coming to see your work. This will help you in your next exhibition and will be much easier to target people.

Now that you are ready for hosting your event follow all these guidelines and get on with your first exhibition.

Myrsa will help you find unique spaces on a temporary basis. Find spaces on an hourly or daily basis and make your exhibition one remember. Find spaces that are closer to you.

July 16, 2019 0