The Skinny
Awfis Elevate will be a Work Ecosystem that Awfis members will be able to use to get help in their daily work, deliver better results, win new clients, lead a healthier life and more.
Members will pay a monthly subscription fee to access a range of consulting services over chat - Product development, project management, coaching, design, healthcare, fitness and much more.
On the Supply side, Elevate is a customer acquisition platform for agencies, freelancers, startups, hospitals, fitness centres etc. They offer basic consulting on chat for the potential to acquire Awfis Elevate members as long term customers.
Elevate gives Awfis the opportunity to retain members who are working from home and acquire new clients who may not use Awfis’s workspaces but still use Awfis’s work ecosystem.
Elevate Services
Awfis Elevate will use the Minchu chat platform to offer access to the professional and lifestyle services that will help its members excel at work and beyond.
Awfis Elevate Chat
Members can access all services from one link or by just searching for Awfis on Telegram/FB whether they work in an established enterprise or a fast growing startup
A Network of Professionals
Members get help with their daily work from a network of professionals, elevating their and their company’s performance
Health & Lifestyle
Members can chat with experts who can help improve the quality of their lifestyle
Take Awfis to the home
Even those who WFH can use the Elevate platform to improve their setting and quality of work
Supply side platform
Elevate is a customer acquisition platform on the supply side. Participating professionals and companies provide basic consulting over chat to Elevate members in the interest of acquiring the members as long term customers.
Freelancers
Product Teams
Doctors
Agencies
Fitness Coaches
Data Scientists
Service Providers will be able to showcase their services to members, letting members build a relation with their brand, whether they’re an established enterprise or an upcoming individual.
Established Organization
Upcoming Freelancer
The chat platform provides useful tools that help the service providers manage their business efficiently with Elevate members.
Video Calls
Task Management
Invoicing & Payments
Appointment Management
Proof of Concept
Sign up enough experts in different fields to make it worthwhile for Awfis members to subscribe to become Elevate members.
Enrol 10,000 Awfis members
Validate that the ARPU is over $10/month to make it worthwhile for all parties.
| Basic | Pro | Plus | Total | |
|---|---|---|---|---|
| Membership % | 60% | 30% | 10% | |
| Members | 6,000 | 3,000 | 1,000 | 10,000 |
| Monthly fees (Rs) | ₹500.00 | ₹1,200.00 | ₹2,500.00 | |
| Monthly fees ($) | $6.72 | $16.12 | $33.59 | |
| Gross Rev/Month | $40,312 | $48,374 | $33,593 | $122,279 |
Summary
Most Coworking businesses are focusing on building solutions/services based on their real estate experience to counter the hit on revenues due to Covid-19.
We think that a more disruptive approach is necessary to create a significant revenue stream - one that can be scaled with time even beyond the current uncertainties caused by Covid-19.
The strategy is to provide an entire Work Ecosystem to clients of Awfis, whether they are fast growing startups, SMEs or established enterprises.
Workspace business
Work Ecosystem business