The fastest way to get burnt out is to do everything. You know this. You probably say this to your clients. But then in the pressures of working a solo practice, you might feel like a one-armed bandit trying to see clients, pay bills, change light bulbs, write articles, plan strategy…and still try to leave the office to see your family. You may want to see if it’s wise to hire a Social Media Virtual Assistant.
You may have fallen prey to the pain of self-employment and running a personal practice. If you’re trying to do everything, then you won’t be doing the things you are especially strong in.
Best bet for your practice: focus on your strengths and hire out all other positions. Your social media activities may very well be done by a virtual assistant which will leave you more time to focus on what you’re really good at.
If you haven’t taken one of the online profiles to determine your strengths, you’ll enjoy doing this today. I took one and it was spot on. Kind of wild especially considering these are self-assessment profiles but it felt like someone had gotten inside how I’m wired.
Virtual Assistants: Rating Yourself
The concept of working as a virtual assistant generally boils down to the fact that it’s a very lucrative job for the right person with the right stuff. This sort of job gives the worker flexibility in terms of time and capacity to entertain clients, making those who want to earn more than usual actually do it.
At first, you start small, since you are still rooting for experience and some actually work to do. Thus, you let your client decide how much they pay you, with your agreement, of course.
But as you go on you might want to set standards for charging your clients. This is because the longer you have been working as a virtual assistant, the better your quality of work gets. You develop your own style and become more efficient because you have practically known how to do things – and you know them like the back of your hand.
Like most professions, it is only fair to charge more if you are one who is known to have specialties and skills. But that’s not always the case, even when you have some interns helping you… So here are a couple of factors that you need to check on to determine how much your services cost.
The first thing you have to consider is your competition’s price. Depending on how you intend to sell your virtual assistance, you can set your rates higher or lower than your competition does. You can stick to the average or even go lower to attract clients if you can afford it, or set prices higher if they are reasonable for you and your client’s part.
Secondly, set your rates based on your personal needs. Otherwise, you might end up earning less than you are spending on necessary expenses, which include bills, taxes, and other things you regularly allot money for. Make sure that you are making a profit – meaning you earn more than you spend, not the other way around. See also these VA productivity tips.
Lastly, determine your virtual assistant rates based on supply and demand. The fact that there are less or no people who give the kind of work you do gives you a little bit of right to raise prices, especially when it’s in demand. But the rates might have to go down if there are more people who offer the same service.
By determining the right price based on the right factors you can set the right bargain between earning and attracting customers, maximizing your capacity as a virtual assistant.