5 Benefits of a Virtual Address for Your Business

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(Newswire.net — October 26, 2018) — The concept of a virtual address is simple – Businesses that do not have a permanent physical office can get allocated addresses to use for correspondence and other purposes while retaining the flexibility of working remotely.

There has been an increase in the number of businesses offering this service in the past few years, and for good reason, since it coincides nicely with the rise in distributed workforces which enable startups to build teams from around the world to maximize competence and reduce overhead. If you’re considering getting a virtual address, you certainly should, and here are five reasons why:

1. Increased Credibility

Despite the shift toward online business, most people still attach significant respect to businesses that have physical locations. If you give people your business cards with an address on it, you’ll look more substantial and reliable than if you only had your website and email on it. The location of the address is also crucial – an address in an upscale area will contribute to the prestige that people will attach to your business.

2. Unlimited Access to Talent

If you operate your business using a virtual address, you’ll be able to access and choose your team members from the worldwide talent pool, meaning that regardless of where you are, you can hire someone from halfway across the world and still be able to collaborate with them effectively. That would remove the limitation of working with only people who live within commuting distance from you, giving you the chance to select the most skilled individuals across the world.

3. Reduced Costs

Maintaining a physical address is expensive, especially if you go for one located in a prestigious area. Whether you rent or buy, there’ll be significant upfront costs involved and large amounts to be paid as rent or mortgage, contributing to your overhead. You’ll also need to maintain the place, so tack on the additional costs for repairs, cleaning and other costs that’ll come up from time to time. Compared to a virtual office and virtual mailbox, you’ll clearly spend much more money.

4. Increased Staff Efficiency

A virtual address means that your team members do not have to commute into the office daily, removing the hours they’ll spend in traffic from their daily schedules. It’ll also take away the stress involved in commuting and keep them fresher for longer. As long as you make sure to hire staff who are committed enough to work without physical supervision, you’ll find that your productivity will increase as a result of the time and energy savings a virtual address grants to your staff.

5. Business Support

Let’s face it: There’ll be times when you need to have physical meetings, whether with investors, staff or customers, and that’s where a virtual office might appear to come short. In reality though, a quality virtual address service will also include support such as receptionist services to handle your phone calls as well as meeting rooms where you can have the occasional sit-down to interact with anyone whom you need to, face to face.