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VA services rates and money

What’s your VA specialty?

What is so special about your business? Have you narrowed it down yet? As you build your business, you will realize that being very specific about what it is you are best at, is an essential part of your success. Many VAs start out as generalists, providing various administrative services to their clients … working with everyone and anyone … and building their business very slowly. As time moves along, in order to really recognize success, you realize you need to focus on one (or two) specialties… and you also need to work with one (or two) types of clients. Specializing is something that can help you see more success for various reasons: 1. You provide fewer services, so you… Read More »What’s your VA specialty?

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Do You Know Your Magic Number?

I once took a course that helped me to see how I was interacting with potential clients, and how I was attempting to convert those potential clients into actual clients. It introduced me to my ‘magic number’ – my conversion rate of prospects. What does that mean? Well, simply put, that means how many people I actually convert to clients while on a sales call. I realized that I was converting at about 40 per cent, which would mean that for every 10 people I talked to, 4 would actually sign on to work with me. (Note: that’s not a very good conversion rate!) Think about it … if you are working at a 40 per cent conversion rate, and… Read More »Do You Know Your Magic Number?

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Are You Earning Affiliate Revenue?

When we talk about revenue sources for your business, it is common for most VAs to have just one income stream – client work. That is, they do the work and the client pays them to do it. It’s the ‘one to one’ model and most businesses are opened based on this income stream – this is called active revenue income. But there are other means to bring revenue into your business as well, and they don’t take that much work to set up or monitor, and you could be missing out! Passive income is another way that VAs and other small business owners can bring money into their business. It’s called passive because it requires less of your time… Read More »Are You Earning Affiliate Revenue?

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Your Money Staircase

When you first get started as a Virtual Assistant, you earn money by charging clients for your services. This is usually the only stream of revenue that you have for your business in the beginning. Some people never have any others, but there are many other ways you can earn revenue in your business, above trading your time for money with clients.

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Do You Know Your Value?

It’s easy to say that you know your value, but you could be sabotaging yourself and your business by not paying enough attention to this very important item. By setting the proper value on the services you provide, you will set your rates where you can charge what you deserve and also be successful. How do you know if you are charging enough?

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10 Tips For Awesome Transcription

When you start out as a Virtual Assistant, one of the easiest services to offer is transcription. It takes very little setup and it is an in-demand service. But is it really that easy to do? Not really. It’s important to note that transcription is a specialty; it is not as simple as just typing. There are many types of audio files that you can transcribe, but the three main categories for transcription generally fall into general, legal and medical. For the purposes of Internet marketing and social media, my clients mainly require general transcription, also known as business transcription. This can mean transcribing a conference call, a teleseminar,a webinar, a podcast, or any other type of digital audio. Transcribed… Read More »10 Tips For Awesome Transcription

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