The culture of Co-Working space is growing every day and many Entrepreneurs, freelancers and remote workers are embracing it on a daily basis. Starting a Co-working space is one of the most lucrative Real Estate Business Opportunity in 2022


Before I go further let me explain what Co-working space is all about. It is a kind of arrangement where workers from different Companies and backgrounds converge to work independently on different projects or carry out their business transactions. 

In this article, you will learn all you need to know about how you can start a Co-working space and make money in Nigeria.  


Steps on how to start a Co-working space. 

Buy Land in Strategic Location and Build your Co-working space: If you don't have enough money to buy Land you can go ahead and rent a spacious apartment in a strategic location. A Co-working space needs a spacious environment in order to have different sections. 

You can set it up in your business Environment if you have enough unused space. The advantage here is that the presence of professionals and like minds helps boost your business and increase networking activities. 


Create a Dedicated Office: [/b]It is always good to create a Dedicated Office for Entrepreneurs who want to meet their clients. 

Create the Shared Space: The shared Space only have a table and some chairs.

[b]Furnish and Equip Your Co-working space to meet the international acceptable standard: It all depends on the size and purpose of your co-working space, here are some of the integral part of Co-Working space.


Create Your Logo and Brand Identity: [/b]Your Logo is very important, while creating your logo make sure it is distinct and can easily separate you from the crowd. 


[b]Register Your Business: [/b]Registering Your Business will give it a Corporate identity. So make sure you register your Business with the Corporate Affairs commission. 


[b]Co-working office Space Plans

Dedicated Office: For people who want a Dedicated Office space to meet their clients or carry out their daily official duties privately. 


Shared Space: [/b]This is the regular shared Space an Entrepreneur can subscribe to. 

[b]Virtual Office: [/b]An Entrepreneur can subscribe to this office virtually and use it to receive Mail or for other official purposes. 


[b]Your Co-Working space must have these sections

Conference Center: This is where you will organise events, get together or train your clients. 

Recreation Park: [/b]A good relaxation and recreation park is needed to ease off tension and work stress. 

Kitchen is one of the integral parts of a Co-working space. 


[b]How to Make Money with Your Co-working space

Divide the offices Into different sections: Each of the sections will have special features that are distinct from each other. Each of the office types will have their plans. For instance you can Have four plans such as Executive Plan, Masters Plan, Kings Plan and casual Plan. Each of them will have different prices and different features. For instance, people who subscribed to the Executive plan can have access to Laundry services, Kitchen, recreation park and also access to stationeries etc. 


Make money through Virtual Office subscription: Many Entrepreneurs want a virtual office where they can receive their parcels and correspondences. You can make a lot of money allocating different virtual offices to your client.

Organise Paid Event: Another great way of making money with your Co-working space is organising paid events for Entrepreneurs outside your Co-working community. 

Make money through Dedicated Office Space: This is reserved to Entrepreneurs who want a separate dedicated Office space to meet their clients or carry out their official works. Entrepreneurs pays higher for a dedicated space than a shared Space. 

Features of a Co-working space 
24 hours Electricity 
Printer for printing of documents and jobs 
Office stationeries 
Conducive Environment 
24 Hours Internet Connection




PROMOTE YOUR CO-WORKING SPACE 

Promoting your Co-working space will help to let people know about your Co-working space.


 There are many Strategies that can be deployed to promote your Co-working space. Some of the top promotional strategies that have worked for top Co-working space includes;

Printing and distribution of quality posters: Print Quality flyers and disseminate around your neighbourhood and beyond. In that flyer make sure you include the top benefits Entrepreneurs will get while working from your Co-Working space.  


Digital Marketing: Contact seasoned Digital Marketers to help you with Digital Marketing Service to give your Co-Working space a brand exposure and publicity it deserves.


[b]Advertise on Traditional Radio and TV: [/b]Advertising on the Traditional TV and Radio is a good way of increasing your Brand exposure and visibility.  


[b]Create a Website for Your Co-working Space: [/b]Create a Website for your Co-Working space and allow your Clients to subscribe to your Co-Working space online. 


[b]Organise Events: [/b]This is the one of the best ways of increasing our brand exposure. You can organise events like Startup Build, Startup Inspire, or any events that will help Entrepreneurs to network and meet their like minds. 

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