I often get asked the question, “how much money can you make as a virtual assistant”. The answer, as much as you want. The beauty about the virtual assistant business is that your value isn’t tied to the amount of time that you put in. Your value is determined, by you guessed it, the actual value that YOU bring to your clients. As your skills improve, so does your income.
When I first started out my business, I was charging my clients $30/ hour. As I learned more about this business, what my clients need, and better ways to optimize my client’s businesses, I raised my prices to over $50/hour.
Being a virtual assistant means I run my own company. That means I set my own prices, decide the value of the work that I do, and how much of that work I want to take on. I know many people who want to simply supplement their income, so they work part time every month to make that additional income. I know other people who wanted to turn this into their full...
If you are reading this, chances are you are thinking about becoming a virtual assistant yourself. There are so many opportunities for you in the VA world. Becoming a VA is exciting and fun! But it is also a business, so you need to run it like a business. These are the 3 things I wish I knew when I first started out as a VA.
PAY YOUR TAXES
Being a VA means you own your own small business. This also means that you are not getting a regular paycheck (Unless you register your business this way). Instead, you are invoicing your clients biweekly, or monthly, for the work that you do. This also means that you are responsible for paying your own taxes.
As a business owner, you have to pay quarterly taxes. The best way to be prepared for this is to put aside 30% of whatever you earn into a separate account. If you are good about keeping track of your business expenses, you likely won’t have to pay for the whole 30%, but it is important to set that aside so...
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