A Virtual Office (VO) provides businesses a physical address and other office-related services. In addition, without the overhead costs associated to a long lease, maintenance, and administrative staff. Also, employees work remotely and still maintain the benefits of being in office. They keep their mailing address, mail and phone services, and more. According to Investopedia, VO services operate as one unit, serving their customers who don’t need to work from a central location.
This type of service is popular with startups to minimize their overhead. A virtual office setup helps increase employee productivity and time. As employees work from home or other remote areas, they are freed of office administration tasks and long work commutes. The organization isn’t limited to hiring locally; consequently, the VO allows the company to hire worldwide.
Due to the rise of telecommuting, as well as the ongoing COVID-19 pandemic, the benefits of remote work and using virtual offices are becoming increasingly noticeable.
Who Will Benefit From a Virtual Office Physical Address?
A virtual office is flexible and versatile allowing companies and professionals to grow without spending too much on overhead. Those who can benefit the most from a virtual office address are:
- Entrepreneurs and startups that don’t want to or can’t use their home address or personal phone number.
- Various professionals who usually work at their clients’ offices but still need to maintain an independent marketing identity.
- Businesses expanding into new markets, cities, or countries but don’t actually need “boots on the ground.”
- Companies expanding but need to show their interest in the area before they can acquire new business.
- Professionals that need a full-time receptionist but can’t pay recommended salary and benefits.
- Pretty much anyone who wants to have a physical address in a prominent and well-known commercial district.
Why a Virtual Office?
There are two main advantages when using a virtual office. Firstly, the monthly cost is far lower than a traditional office. There are no maintenance, staffing, or upkeep costs. Likewise, a short-term agreement is possible, meaning that you have a much greater level of flexibility. Secondly, a virtual office provides you with additional services, such as a virtual receptionist, mailing services, and more. Therefore, small businesses appear larger than they actually are.