How To Make Money Becoming A Virtual Assistant
If you are looking for a way to boost your income from the comfort of your own home, have you ever thought about becoming a Virtual Assistant?
What is a Virtual Assistant?
By hiring virtual assistants, it saves businesses money on things such as office space, full time staff salaries and employee benefits.
Virtual assistants deal with their own expenses, office supplies and equipment, therefore you will be responsible for finding your own clients and covering your own business costs.
If you have experience in secretarial or administrative work, then starting out as a virtual assistant could be a good way to become self employed and start up your own business.
What does a Virtual Assistant do?
Virtual assistants are freelancers who work from home, which makes it ideal to make money with flexibility.
As a VA, you’re paid for completing a variety of tasks. These tasks can include general administration, writing blog posts and social media management to name a few.
For some virtual assistants, their average working day rarely looks the same. One day they could be answering phones and replying to emails, and the next day they could be book-keeping and chasing invoices.
However, the more specialised your skills are, the more you will be able to charge your potential clients. For example, if you have 3 years of experience working in social media management, you could advertise yourself as a virtual assistant who specialises in social media marketing and engaging on social media platforms.
To become a VA, at the very least you will need a broadband internet connection, a phone line, utilities (some of which you can claim business tax relief for), a computer and office stationary supplies.
How much could I make?
The truth is there isn’t one answer alone to this question. The amount of money that virtual assistants earn depends on a number of factors, including your skill set and experience.
Because you would be working as your own boss, you can decide how much you charge clients for the services you provide them with. If you’re advertising yourself, you can either charge a daily or hourly rate.
This can vary from anything from £7 an hour to £100 an hour. It really depends on how much your business expenses are, however I would suggest between £15-£25 an hour if you are just starting out.
To get started, you would need to register on a self-employed basis with HMRC.
If you want to get started as a VA yourself, here are a few steps I would recommend:
- Decide which of your skills you would like to advertise to market yourself. You could pinpoint the computer programmes you’re experience with such as Microsoft packages, or even what skills you could offer a company – for example you may have excellent customer service skills.
- Advertise your services. You could post on social media or advertise yourself on freelance job sites.
- Set up your home office and get all of the supplies you think you may need on a day to day basis.
Types of virtual assistants
Here are a few ideas of what you could offer as a virtual assistant, to get you kick started:
- Administrative: Making travel arrangements, creating spreadsheets, managing a clients’ schedule
- Customer service: Handling customer enquiries, chasing payments, keeping records up to date
- Financial: Calculating profit and loss, bookkeeping, creating and sending invoices
- Social media management: Posting on social media platforms (e.g Facebook, Twitter, Instagram), coming up with social media campaigns, engaging with customers
- Content production: Writing blog posts, keyword research, researching and planning content calendars
- Website/blog management: Updating old blog posts, updating plug-ins, tracking site performance, proof reading, image ediitng
- Email marketing/management: Creating newsletters, managing spam mail, drafting replies