Make money from being a Virtual assistant

How to make money as a Virtual Assistant

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To make money as a virtual assistant is one of the most brilliant ways to build your portfolio as an entrepreneur.

You may want to be able to do some work while at the beach, or you may not have to take PTO when you decide to get away for a couple of days.

You may be out of work, and you want to work from home but to make a difference with powerful entrepreneurs.

If any of these are true for you, then you may want to look in to become a virtual assistant, or VA, and immediately start earning money online for your skills.

We’ll dig into how to become a VA in this article, how to leverage and market your skills and where to find your first clients.

We’ll also discuss how to scale your company, and what are the pros and cons of becoming a VA.

What does a Virtual Assistant do?

A virtual assistant is someone who is assisting someone else with things they don’t want to do or don’t have the resources for.

Most people think of virtual assistants as individuals who actually perform administrative tasks to take some of the heavy lifting off an executive’s plate.

This then lets managers and business people concentrate on more important tasks. However, VA’s can do so much more than that.

While administrative tasks often constitute the bulk of what an executive outsource, if they have the expertise, a Virtual assistant help entrepreneurs and executives streamline and integrate their businesses, and take on more specialized projects.

Some VA’s can also assist with personal administrative duties, such as reminding their supervisor of personal calendar activities, reserving flights, or sending out gifts.

First steps on becoming a virtual assistant

 

While many businesses may recruit executive assistants for their high-ranking staff, other executives and businessmen are responsible for recruiting their own assistants or determining whether to recruit them.

1. Take a Virtual Assistant training course

You will want to consider taking a Virtual Assistant Training Course based on how big a customer ticket you want to take as well as your current level of experience.

There are plenty of courses on the market, so we encourage you to find one that will help you market yourself and book clients. This will guarantee an income-generating outcome for yourself.

2. Decide what kind of services you will be rendering

You may already have a clear idea of what services you will be providing as a VA. The more services you offer, the more important you are to your customers.

It is important to remember that some programs are highly sought after, and others are easy to know for everyone. How much you can charge will be determined by the services you provide.

3. Work on your skill

You may want to take on a few projects before you start selling yourself which will help you develop a portfolio.

For example, if you are planning to give proofreading or blog writing as part of your VA skill set, you may want to have some examples of writing available to demonstrate your skills.

4. Choose your business pricing structure

You may want to set up an LLC for your VA company, to protect yourself. You will also determine whether you want your company to be pricey and marketable.

Some virtual assistants, for example, communicate with potential customers through LinkedIn while others market themselves via a personal network.

Some virtual assistants do want to work with individuals in a specific industry.

Before you start selling yourself you can also agree on your pricing structure.

For example, if you are planning to provide social media management as one of your skills, you should take the time to consider what other people are paying, and whether you want to charge per project or by the hour.

Here are a couple of ways you may want to price yourself:

Hourly – You can set your base rates in an hourly fee schedule. Then, you will make your customers work with them, and you can frequently bill them.

Project-based-Your client will pay a flat fee for a one-time project in this payment structure.

They may have repeat assignments, and this payment feature can be added to a retainer or hourly payment arrangement as a supplement.

Hourly bundle – Some VAs secure their time and profits by letting their customers purchase hours in advance.

For example , a customer whose needs fluctuate on a month-to – month basis may choose to buy 40 hours in advance, and then buy more hours from you when they need it.

Retainer – If a customer knows they’ll need you to do regular work for them every month, they may decide to place you on hold.

That means you are retaining a set number of hours in your schedule to do their work. They bill, in return, for the hours you set aside, whether or not they need it.

5. Start getting clients

You can start marketing yourself once you have your business strategy and pricing structure planned.

The goal is to build an income for yourself and work with people you enjoy.

You should start reaching out to people in your network, posting on job boards or even seeking clients.

You can also draft a contract with a company. This contract will help protect both you and your customers as well as set any standards of each other.

How to market your skills

You would first need to find prospective clients to start recruiting clients.

It is a good idea to develop a marketing plan for yourself when beginning a company with VA.

This could include how you are going to use social media, your network and more.

6. Online media: Social network

Most VAs use the social media for their own marketing. Some prefer to provide general VA services and others are skilled in items like coding, web design, course development, management of social media, and more.

You will enter Facebook groups with VA’s and remote staff, influencers, and more by using social media.

7. Your Network

You may wish to find gigs using your current network. If you meet businesspeople or managers, let them meet what you’re doing and what kind of customers you want to work with.

If you have a mailing list you can send an email to everyone in your network.

Alternatively, make sure the professional networks inquire around. Many accountants, attorneys, and other experts are working with loads of small business owners who might be searching for a big VA.

When you have other VAs in your network, they may have people who have been contacting them about their services but were unable to take on additional customers.

If you have friends in your niche, seeking work would be simpler, and referring your clients to people with different skillsets than you do.

8. Freelance websites

Digital assistant positions on freelance websites such as Upwork, Fiverr or flexjobs are popular.

When you’re new to being a VA, this could be a great place to start, or start building up your job examples portfolio.

Usually, these websites are more general, and the competition is high, so you might not find your gigs that are most paid for here.

9. Local Companies

You might want to reach out to small business owners in your area to see if they need the help that you are offering.

While being a virtual assistant typically means you are not going to be in the office or business physically, being face to face can help business owners see how they spend time on tasks they can outsource.

How much money does VA earn?

A VA ‘s pay varies significantly depending on the location and nature of the person’s job.

A VA in India, for example, can charge $5 an hour to manage email inboxes, make appointments and handle other basic tasks.

However, someone in California who can help the CEO of a company with coding and automating certain tasks may earn more than $65 an hour.

Do I need to become a VA?

If you want to follow a new career, it is still up to you. Yet being a VA may have different meanings in a million. Here are some things you may find attractive, and a few things you should watch out for:

Advantages

Here are our favorite things about being a VA:

  • VAs are allowed to set their own hours.
  • VAs determine what their duties should be, and they never have to do something they don’t want to do
  • From anywhere which has Wi-Fi, you can work.
  • VAs are also really on high demand
  • You can learn new skills, and adapt to your company continuously.

Disadvantages

Although becoming a VA provides a lot of equality, there are some drawbacks to it.

Getting started can be hard, and a lot of people will have trouble promoting themselves.
Putting down your pricing and business models can take some trial and error.
Depending on business and clients the pay can be inconsistent.

In conclusion

It can be exciting to decide to start a company with VA. It’s a way of showcasing your skills and earning money to do what you love. It can be easier to get started if you sign up for a course, or have someone direct you through the process.

If, however, you have marketable skills and are not afraid to give back some drive, your VA career could take off quick!

Komolafe Timileyin is a passionate entrepreneur that loves to solve entrepreneurial issues. He is also a blogger and an upcoming Engineer.

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