You can make REAL money as a Virtual Assistant

Something I get asked often is if you can make REAL money as a Virtual Assistant and the short answer is YES!

Whether you are looking to earn extra cash or replace your 9-5 income you can do it as a Virtual Assistant. There are many factors that determine the amount of money you profit from your business like the types  of services you offer and the amount of clients you are able to serve.

Here are a few factors to consider when planning your financial future as a Virtual Assistant:

Availability

When starting your virtual assistant business you need to figure out how much time you are able to work. If you are able to work 40 hours a week the possibility of a higher profit is increased because you by yourself (without a team) can service many clients versus a virtual assistant that can only work 5 hours a week. 

When I first started I only worked 5-10 hours a week and that was perfect for me at the time. 

Now, 5 years later, I still work part-time but I have a team of 5 supporting my clients and so I am able to service more clients with virtual support while also mentoring virtual assistants!

Services

The service you are offering also plays a role in the amount of money you can make. 

When I first started my virtual assistance business I jumped in as a general administration VA because I had prior experience and at the time those are the types of tasks I was able to handle. 

How can you hit the ground running to create a profit as a VA? 

Choosing services you already know how to do. You can always learn other skills once you get on your feet.

If you are offering website design or technical support as a Virtual Assistant you can charge more than someone who is doing general administration work. 

The more complex the work the more you can increase your rate, however at the end of the day it’s your business, your rate! 

Rate

Speaking of rate: As you gain more experience you can even offer service packages versus hourly rates so that your payment is not decided by how long it takes you to get a job done but the skill level you are offering. 

A task that you completed in the beginning of your business may not take you nearly as long as it will in the future. You would essentially be getting paid less for completing things faster which is a no-no. Service packages ensure that you are getting paid for your time AND experience which will increase your chances of making MORE REAL money!

Are you looking to become a virtual assistant?

Make sure to check out my self-paced course Fast Track Your VA Business. It will give the 7 key steps to finding your first paying client and making money on your own terms.