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VA services rates and money

The Best Way to Charge Your Clients for Virtual Assistant Services

Setting your rates as you get your VA business started is always a challenge. You don’t want to overcharge, but you also need to be very cautious not to undercharge. You also need to be sure to provide the right amount of value for your client, while making sure that your business is profitable. Easy, right? It actually is easier than you think, once you have a strategy for charging your clients. Calculating your billable rate is important no matter how you charge your clients, but it’s also essential to figure out the best way for your clients to pay you. When you start out, hourly rates are a great way to charge clients. Often you will be doing tasks… Read More »The Best Way to Charge Your Clients for Virtual Assistant Services

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How to Make Sure Your Virtual Assistant Rates Are Set Properly

How can you be sure that your Virtual Assistant rates are set correctly? What you will charge your clients depends largely on the type of tasks you do for them. Your level of expertise or experience can also affect the rate you charge (though not always!) It is very important to determine a starting rate that makes sense for your service offerings – one that values your ability and expertise, and that your clients will be able to pay you. Here are some rate estimates for a variety of different levels of Virtual Assistants. Beginner Like any job, when you start out, you might earn less as you try to gain experience. Then as you get better at what you… Read More »How to Make Sure Your Virtual Assistant Rates Are Set Properly

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Setting Your Rates So Your VA Business is Profitable

How did you arrive at your rates for your VA business? If you didn’t do any calculations, you need to read this. Setting your rates is one of the most important things you need to do properly in your Virtual Assistant business. Rates that are too low will cut into your profitability, and might even put you out of business. Rates that are too high can also keep you from getting clients, if you aren’t looking in the right place, or if you can’t articulate the value you are bringing to clients. If you have not done the ‘math’ to set your rates, it’s time to look at that. Here’s how you need to do this: What Do You Need… Read More »Setting Your Rates So Your VA Business is Profitable

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3 Easy Steps to Creating Packages for Your Virtual Assistant Services

Do you want to create packages for your virtual assistant services, but don’t know how? If you don’t know how to do it, it’s time to learn! It’s vital to create packages of virtual assistant services for your clients. It helps you to manage their workload, it allows you to set appropriate pricing instead of working by the hour, and it helps you avoid a laundry list of service offerings, to name a few benefits! It’s a tricky thing, to estimate how much you will charge for a certain amount of work. No one wants to lose money by undercharging. And no one wants to have a conversation with a client about increasing rates, especially if you have just moved… Read More »3 Easy Steps to Creating Packages for Your Virtual Assistant Services

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What is Billable and What Isn’t?

One of the things I find comes up often in VA conversations is what you should be billing your clients for and what you should absorb as your own expenses. For me it’s a simple answer (everything you do for a client is billable), but I’ll get into some detail to help you navigate through this issue for your own business. First of all, it’s important to remember that when you start working with any client, you are an independent contractor. You are not an employee and you should not act like an employee. Although this gets said very often, it can be difficult to do in everyday practice. It is simply our nature in a support profession to …… Read More »What is Billable and What Isn’t?

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Does This Bother You?

One of the most important decisions you will make in your business is what you charge. Revenue is what drives your business. Without money coming in the door, your business can not sustain itself. But what is the right rate? What is enough, but not too much? What takes into account your value, without being exclusive? What are you and your clients comfortable with? These are the questions that you need to consider when setting your rates. But many VAs don’t have the confidence to simply make that decision. They have to ask lots of others what their opinion is. And that’s okay, don’t get me wrong. Advice is good! But once you ask around, you still have to be able… Read More »Does This Bother You?

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Is Finding a Niche For Your VA Business Really Necessary?

One of the things that comes up quite often in my discussions with VAs is whether they need to find a niche to be successful. My answer to this question is a definite YES and NO. Choosing a niche is a personal choice, like everything else in your business. There are advantages and disadvantages to deciding to work with a particular group of people. If you’re not sure what I mean by finding a niche, it’s basically choose to segment a group of people to target your networking/marketing/work with. You can choose a group by the industry they are part of (ie travel industry), orby type of person they are (married with families, female solopreneurs) or the service you provide (WordPress websites).… Read More »Is Finding a Niche For Your VA Business Really Necessary?

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Pricing Your Virtual Assistant Service Packages

We have talked before about how to make up service packages for your clients. Service packages help you to get paid for your expertise, they help you to specialize your services for a select group of clients, and they help your clients know exactly what they will get for their money. It can be a challenge to nail down your packages if you offer a wide variety of services, but once you do, the next step is to price them accordingly. If you are accustomed to billing by the hour, then you will actually be able to do this part more easily than you think. To set your rates, you first have to determine a billable rate. Your billable rate… Read More »Pricing Your Virtual Assistant Service Packages

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