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Would YOU rent a small office for IM?

Discussion in 'BlackHat Lounge' started by BlackSeng, Nov 18, 2012.

  1. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Would you?


    I still have about 8 more months before I finish my national service.
    Recently my earnings have been pretty good. I'm raking in about 5-7k per month from Clickbank alone (yeah, not much I know). I believe and am making it to grow more.

    I've planned that after national service, I will spend 1 year to aggressively expand my IM (going into other sectors) and get into full-time trading.
    Then I realize one can't possibly stay at home for 1 year for that. I mean, going to cafe, library and other public places seem a little boring. People would think I'm a weird loony alone (as my friends are working) with his laptop doing his work everyday at the same places. Also, I can't really focus and work when I'm at home.
    So I was thinking of renting a small office.

    I found a few office that is about 100 square feet (yeah, small I know) and its rental fees is about $400-500 (inclusive of bills with free internet and toilet).

    But I'm wondering if this is really needed. So how about you guys? Any one of you has an office?
     
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    Last edited: Nov 18, 2012
  2. smalboy

    smalboy Junior Member

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    Hey man,

    Also in Singapore, and my place of "work" is actually at the local Hackerspace. Recently got a membership there, and it's really worth it. The cost is $128/mo for a regular membership, but I got the Student one at $64/Mo. Normally there are people working nights (if that's what you prefer) and you get to work whenever you want. There's a good atmosphere and a few marketers, mostly programmers though. Located centrally at Beach Road, and a good choice if you don't really need a office. A lot of programmers come in everyday to do their work and use it as a main office. Awesome food, awesome atmosphere, awesome people.

    PM me for more info man!

    EDIT: Sent you a PM :D


    See: http://www.Hackerspace.sg/


     
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    Last edited: Nov 18, 2012
  3. Danny1111

    Danny1111 Elite Member

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    I used to rent an office for $900 a month in one of those serviced office spaces. It had two desks/two phones - fast internet and alot of other people working there. Also they had alot of small business services if you needed those .. copying/faxing that type of thing... plus boardroom access if needed.

    Used to enjoy going there away from like you said other temporary places -- and when you gave someone your card you never had to worry about them coming to visit you because you can always use the boardroom.

    Really the only thing negative I can think of is this -- these places require a 6 month or 12 month lease plus deposit - so you would need to make sure you have ironclad earnings before doing it -- because it will get irritating writing the check every month otherwise.

    Great experience / feel better ----> need consistent earnings.

    Best of Luck.
     
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  4. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Thanks guys.

    I have to state that I'm sort of an introvert. So I prefer those fully-partitioned rooms (or 4 walls) with doors. :p
     
  5. smalboy

    smalboy Junior Member

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    Think I forgot to mention in PM, but the partitioned portion of the Hackerspace has curtains that you can pull down if you want privacy. For the cost/value it's an awesome place to work in. And you get to network with some of the guys working there too. Normally if I work there won't be anyone bothering you, and you get your due privacy. For $64/mo with free flow of Coca cola/beer what else can you ask for? Lol
     
  6. steelballs

    steelballs BANNED BANNED

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    I had an office in HK for many years loved it ... then one in Thailand which was a joke all the paperwork and legalities required, so that was not ideal. Now I am back down on the Med in Europe and have an area set up as an office at home...

    I think an office depends on where you are located - the cost and the benefits both negative and positive!

    It's all about what you are comfortable with and is best for getting what you work for - which is $$$$$ money, pure and simple!
     
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  7. smalboy

    smalboy Junior Member

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    You might wanna check out regus for a proper office space at a lower cost. Although it might be wise to get an office only if you need employees to expand.
     
  8. exXtr@

    exXtr@ Power Member

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    I would really recommend it , I been working from home for years now and ppl always bother you ( some ppl seem to think if you work from home they can just bother you whenever they want ) . And it feels more like a job if you work away from home.

    Only disadvantage I can think of is they extra cost , but it might be really worth if you can work a lot harder and more focussed
     
  9. Danny1111

    Danny1111 Elite Member

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    Regus was who I used -- but mine was a private office with locked door etc.

    There was alot of activity though - as the place was full of small business/brokers etc coming and going ... I enjoyed my time there.
     
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  10. MeganX

    MeganX Newbie

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    I wouldn't do it unless totally necessary.
     
  11. bertbaby

    bertbaby Elite Member

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    Seven years ago I built a home office for consulting and marketing purposes. Couldn't work without it and I get a tax break!
     
  12. silentthunder

    silentthunder Jr. VIP Jr. VIP Premium Member

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    It's a case by case situation and for you Seng, it looks like the next logical step for nationalization and beyond, eh?
     
  13. janist

    janist Jr. VIP Jr. VIP Premium Member

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    Fuck that, one of the advantages of IM is working from the home office, whenever you want. That's my opinion.

    I'd only do it , if you can save a good chunk on taxes and/or have employees working locally for you. But then again you can always declare a room in your apartment as an official "working area" to save on taxes, etc. - i'd rather get a bigger/nicer apartment with a room solely for 'working/grinding'.
     
  14. NoobGuru

    NoobGuru BANNED BANNED

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    In other industries you may need an office however this one does not demand it,it can literally be done in your car if you have a good laptop and internet connection. I use the funds that I would spend on an office on expenses instead that can help accelerate more profits in my current internet ventures. example captchas/content creations/ backlink creation
     
  15. Autumn

    Autumn Elite Member

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    I've used Regus in Thailand and it was awful - the internet basically sucked which I have read is a problem with a lot of Regus outlets, not just in TH. Better to try before you buy.
     
  16. partymarty4870

    partymarty4870 Elite Member

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    this so wouldn't work in Australia - $64 p/m for unlimited beer? We'd never get any fucking work done!
     
  17. bananaman5000

    bananaman5000 Regular Member

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    working from home is great, but it does have its disadvantages. people tend not to have as much respect for your time if you're not "at work".

    they sort of think, "oh, well you can do ______ anytime since you set your own schedule" and get pissed at you if you tell them no
     
  18. Patel

    Patel Senior Member

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    5-7k a month is really good. I'm not sure if you have a family to feed or take care of, but if your just an individual, you can easily afford office space into a budget like that.

    I think an office is only needed if you have potential clients coming to visit you, or if you want to bring potential clients back to your office to discuss the deal.

    I think its only needed for offline marketing.

    If you get an office just to have your friends or people you know visit you, well you can do that where you live.
     
  19. dlinewd

    dlinewd Newbie

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    I actually use the first house my wife and I bought to operate my business. Its in town about half mile away from my daughters school so she did not have to change schools. Its great we could have rented it out but its a hassle and the tax benefits are good. Its about 1500 square feet I do not use the whole house so I have been thinking about renting out two rooms as offices.
     
  20. proxygo

    proxygo Jr. VIP Jr. VIP Premium Member

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    i work at home wife makes all the tea i can drink
    and i finish work at 10pm GMT done finished.
    if people get pushy after clock of time
    then tell them to sod off
     
    Last edited: Nov 19, 2012