Why has your property price increased? Why have you suffered rising business rates?
- The increase in your business rates bill is due to the sharp increase in the value of your property (VOA).
- The increase in value is due to increase in popularity and desirability of the area you’re based in.
- This means people want to be in these places and spaces.
How can you make a profit from rising business rates?
Have you thought about taking advantage of your cost increases? If no, check out our top tips on how to swing the increase in business rates in your favour by making more revenue!
Top Tip 1.
Checkout where you can market your space for free to drive more footfall and enquiries to your space.
Top Tip 2.
Don’t increase your prices! This is what all your competitors will do so keeping your prices low will drive you more footfall!
Top Tip 3.
Make sure your website is up to scratch so people can find you and book you. Ensure you are searchable on Google, have great photos and if you don’t have a website – get in touch – we can help!
If your space is not realising its full economic and financial potential, get marketing on VenueScanner today!