A Comprehensive Guide to Earning through Virtual Assistantship

 A Comprehensive Guide to Earning through Virtual Assistantship

Technological advancement has become the highlight of this decade, with new launches and devices continually making it easier for us to stay connected over the internet.  From tablets to ultrabooks and even smartwatches – all these gadgets have been designed to transform our daily lives and add in some aspect of online connectivity into everything we do. 

Our watches count the miles we run each day, and our smartphones let us monitor who is entering or leaving our homes. With technology integrated into the most basic of our daily tasks, why not take things further and use it to earn a living?

Online employment rates have been skyrocketing recently, with Statista reporting over 56.7 million Americans opting for freelancing as their primary income source. The same report states that this number is expected to rise to 87 million people by 2027, approximately 51% of the total workforce in the United States.

Why Are So Many People Choosing to Freelance?

Well, its benefits are aplenty. Freelancing opens doors to a myriad of job opportunities that might be available to you otherwise. It lets you sharpen your skills and build a career out of them. You no longer need to spend all day working at a place that brings you no joy and won’t help your job proceed in the direction you want.

The best part about freelancing, however, is that you can be your own boss. You get to decide when and how you’re going to work and the money your work is worth. In 2019, CNBC reported that skilled freelancers generally earn more than 70% of the employees with traditional jobs. The added benefit of working at your choice of location, be it the local library room, your favorite coffee shop, or even the living room, further sweetens the deal.

Now that we’ve seen the advantages of pursuing an online career let’s determine how to put your superb organizational skills to work over the internet. 

Earning Through Virtual Assistantship 

Virtual assistants are freelancers who offer management and administrative support to individuals as well as organizations remotely. So, if you are always getting complimented on your well-organized home or asked to plan out all the family events – this might be the perfect career path for you!

Scoring a virtual assistantship is one of the best ways of initiating your freelancing journey. Reports have predicted that the VA will have a current growth rate of 4.4% by 2020, so this is the perfect time to make your name as an expert virtual assistant. 

What Does a Virtual Assistant Do?

Every business or organization has a ton of paperwork, meetings, and events to manage. Since the people in higher positions are usually busy with technical work, and not every company can hire a personal assistant, they instead go for virtual assistants.

As a virtual assistant, clients will outsource you various tasks based on what you choose to take on, of course. You can work full-time for a particular organization or take on multiple projects as you see fit.

We have categorized the most common work assigned to virtual assistants, which will help you decide whether it’s your cup of tea.

  1. General Virtual Assistant

A general virtual assistant takes over the role of the office secretary and handles all the administrative work. You need exceptional management and communication skills to become a successful general VA.

Most of the work expected from you will revolve around answering emails, taking calls, arranging meetings, booking appointments, and ensuring your boss stays on schedule. You’ll probably get some extra appreciation (or perhaps even a raise) for reminding your boss of their mom’s birthday, though!

  1. Financial Assistant

Although making profits and more money each year is the main goal of every business, company owners often don’t have the time to look over their finances. Hence, they look for the services of a financial assistant who is proficient in managing money. Your job will require you to handle the company’s finances or even the owner’s personal money matters – at times, even both. So, if you have a finance degree, your chances of getting the gig naturally become better.

Don’t worry, though; there is likely to be a financial team handling the major transactions. You will be expected to handle all the documentation, auditing, checking for discrepancies, ensuring the bills are paid on time, and compiling any required entries. 

  1. Digital Marketing Assistant

The third most common category of virtual assistants is digital marketing. This one can be somewhat tricky as clients often try to get their digital VA to do more than their job description.

You should remember that you’re still an assistant, not a digital marketer. Your role is to manage any online campaigns the company may be running. You will need to analyze data, measure the ROI, plan and schedule content, make strategies, and conduct competitor analysis.

However, it is not your job to design the actual campaign or do any content creation. 

Does a VA Make Good Money?

Like any other career path, the amount of money you make will depend on multiple factors like your skillset, years of experience, and your portfolio. Having positive recommendations from previous clients also helps a lot!

To earn well as a virtual assistant, we recommend you pick out a specific skill set you possess and gain experience in it rather than being a general VA. Be it finance, digital marketing, content writing, or even programming, pick your trade and hone to the best of your abilities. It will also help if you pick out a particular niche and become an expert in managing it.

Although virtual assistants earn varying amounts across the world, here are the general rates for a mostly US-based clientele.

Beginner Level VA

Hourly Rate: $10 to $15

Monthly Earnings: $2000 to $2500

Intermediate Level VA

Hourly Rate: $25 to $30

Monthly Earnings: $4500 to $5000

Expert Level VA

Hourly Rate: $35 to $40

Monthly Earnings: $6000 to $6200

At the End

Now that you have an overview of all the essential information you need to start freelancing as a virtual assistant, what are you waiting for? Sign up on a freelancing platform and start your journey as a remote assistant today!

For further details and queries, feel free to reach out to our freelancing experts here!

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