![]() ![]() Is insurance required for renting your venue out for events?.It’s easier to work out a full day hire cost or half day hire cost (8hr or 4hrs) and then convert to an hourly rate.Take into consideration the costs related to renting your space, such as additional cleaning charges.Price competitively – sometimes reducing the cost slightly will increase bookings.Ask potential customers what they would pay.Look at existing venues in the area to see if you can find any pricing information.When setting the hire fee for your space we recommend the following: So list on a free-to-use platform that takes a commission on confirmed bookings.” I would personally avoid directories, they will charge you for listing and you will never be able to measure the ROI. “The easiest way to test to see if there is a demand for your space without spending a penny on marketing is to list it on a platform that allows you to rent out your space. ![]() If it is not being used it’s either costing you money or losing you money. “When you think of the space in your building, you have to view it as a commodity that has a shelf life.
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