What are the benefits of a Virtual Office for eCommerce Businesses? You may be thinking, surely an eCommerce business is not the right fit for a virtual office like the ones we have here at Venture Offices. That could not be further from the truth. With online shopping and eCommerce changing shopping habits at an unprecedented rate, a virtual office may actually be a really cost-effective solution for your business. The introduction of lockdown has accelerated online shopping even more. People just aren’t going into physical stores as much now.
As with any growing business, it is important to grow your brand and the bottom line of your business, using unique methods. One of the best ways to boost revenue is to keep overheads low – which is where office space comes in. Understanding how a virtual office can benefit your eCommerce business is important to get ahead of the competition. Let’s have a look at these advantages in more detail.
The most important thing all business owners focus on is profit. Whether you are finding your business in a period of rapid growth, or are looking for ways to increase your revenue by reducing unnecessary costs, a virtual office could be the answer. A traditional office space can cost you hundreds of pounds each month. Add the need for storing stock and inventory with an eCommerce business, and these costs soon skyrocket. Comparing the costs of a commercial storage facility with a virtual address, it really is a no-brainer.
The lower you can keep the risk when it comes to running your business, the better. When you decide to go for a virtual office, there are no upfront costs such as a deposit. Equally important there will be no hidden costs further on down the line either. Virtual offices provide fixed monthly rental costs and many packages include additional high-value services such as mail handling, mail forwarding and telephone answering. A virtual office also lowers the risk of personal loss in the unfortunate case that a business becomes insolvent.
Branding is really important to get right if you are wanting to run a successful eCommerce business. You might want to consider the impact of using your personal details (such as address and phone number) for your business. To begin with, when you are starting out, it may seem like the best option. However, as your business grows do you really want customers to know where you live. Even worse for people to know where all of your stock is located? The best way to separate your home life from your work life is to have a virtual office. You will be provided with a local telephone number and a registered business address. This will help to make your business look more professional too.
Many eCommerce businesses worry about the lack of storage space that a virtual office provides, and think a physical office is the only solution. Some business owners opt to store their stock within their own home. Those who live in city locations may have a real struggle to find the room in their home. This is where things like off-site storage facilities come in handy. With 24/7 secure access, this could be a much cheaper alternative to having commercial premises.
There really are some huge benefits of using a virtual office for your eCommerce business. If you would like any more information about our virtual office solutions, why not give us a call on 01205 809 222. We will be more than happy to help.