The rate associated with hiring a virtual assistant has kept you away. You’re not sure if it’s really worth it or what value a VA will provide to your business. Business has been growing at a steady pace, but you have been doing it all since the beginning. Do you really need an assistant at this point?
While you have been your own assistant up to now, juggling everything is starting to suck all the energy out of you. Instead of doing what you love, you’re worrying more about completing administrative tasks. Your bookkeeping is behind. You no longer have a 24 hour response rate to emails or phone calls. The worst part is that your work space is starting to look like a scene from Hoarders with the stacks of mail and papers sitting there.
So, what are you going to do about it?
A Virtual Assistant is An Investment in Your Business
Growing your business is your top priority. Keeping your current clients happy, connected, and their needs met is at the top of your list. Connecting with new potential clients, attending networking events to identify those new clients, making a personal connection to develop a relationship—these are all musts for growth.
And only you can get out there and grow your business because you are the business. You’re the face of your business and the driving force behind every transaction. It’s vital that you make those connections personally.
But you have all of those administrative duties. Each task is also vital to your business. You definitely couldn’t operate without keeping your books in order, for example. So, how do you do it all? How do you stay in contact with your current customers, meet new customers, and get the administrative work completed?
Make the investment you’ll never regret—hire a virtual assistant. Of course, I am a virtual assistant and I would be happy to help you with your administrative needs. But beyond that, even if you don’t choose me, choose someone. You and your business need someone who is there as your backup.
Hiring a Virtual Assistant
One mark of an outstanding Virtual Assistant is eagerness. Those who are eager to help you work toward success are those who will go above and beyond.
A virtual assistant is your right arm—and your left arm when you need it. A good virtual assistant will have a clearly outlined system for you to utilize to delegate tasks to them. It will be clear what’s needed of you to communicate with the virtual assistant.
Look for a virtual assistant who you can communicate with clearly. Choose a VA who has your business’s best interests at heart. And always ask for references. Call or email those messages as well. Happy customers will be pleased to hear from you, and unhappy customers will be happy to tell you all about why they’re unhappy.
Cost Effective Help
Recent studies have shown that hiring a full-time administrative assistant at an average salary of $12/hour with a very modest benefit package will cost you an annual average of $43,600. That’s almost 44k. Can your business support that amount?
If the answer is no but you still need someone to answer messages and keep your books in order, don’t wory—there’s hope. Contracting with a virtual assistant for just 20 hours each week will cost you approximately $20,800 yearly.
That is an investment in your business. And making that investment in your business, you will have the time to build relationships with current clients and reach out to new clients. You will recover that investment and more!
That investment comes with huge benefits. Contracting with a virtual assistant will save you
- payroll taxes,
- employment-related insurance,
- benefits such as vacation, disability, and health insurance overhead related to utilities,
- office space,
- computer costs and maintenance,
- software and upgrades,
- training time,
- idle chit-chat at the coffee pot and water cooler,
- and the potential drama of employee conflicts that are typical in most work environments.
Virtual assistants work from the comfort of their own, fully equipped office doing your work for you. The insurance is theirs to carry. The computer maintenance is theirs to worry about. A virtual assistant can provide every administrative task you need (with the exception of onsite filing, and with the creation of cloud storage sites such as dropbox, even filing is available by scanning and saving to the cloud).
Is it any cheaper to hire a Virtual Assistant than an employee? Virtual assistants typically make a higher hourly wage than an employee, so how can it be less expensive? Let’s break it down.
ABC Company needs to hire a full-time administrative assistant. They determine a budget for the new employee as follows:
- $31,200 – Annual salary ($15.00/hour, 40 hours/week)
- $ 4,580 – Benefits (15% of base salary)
- $ 4,056 – Paid time off (13% of base salary)
- $ 3,744 – Payroll taxes (12%)
- $ 2,184 – Administrative costs (recruit, hire, train)
The total cost of the full-time administrative assistant for this company is $45,864. Now, what would it look like for an off-site virtual assistant to provide the same support? Let’s take a look:
- $39,000 – $25.00/hour, 30 hours/week
- No benefits
- No paid time off
- No payroll taxes
- No administrative costs
- No work space, utilities, overtime, bonus, company perk, or office drama!
This is a savings of $6,864 to the company—for the same level of support! Skip the temp agency fees. Skip the fees associated with training. Hire a VA.
What is stopping you from contracting with a virtual assistant?
Signature Virtual Assistance is a full-service virtual assistance firm, helping businesses like yours with virtually every need. Business owners and entrepreneurs choose Signature Virtual Assistance to free up their time, reduce their stress, and accelerate their business growth. Contact Lorie today.