How to Make Your First $500 as a Virtual Assistant

I’ve got a question for the moms in the house: are you happy with your current circumstances? I know, that’s a loaded question, right? You’re probably like, “Of course I am!” And really, I’m not trying to stir up anything. But seriously - think about it for a second.   

As moms, we tend to be the helpers: the ones who have everyone else’s back, who put everyone else’s needs before our own.

But what are you giving up in the process? Are you forgetting who you are?

Before there were children and spouses, you probably had dreams:  dreams that may have centered around traveling the world or launching a business. But then you dedicated your life to being a mom and/or a wife.  Little by little, your dreams were replaced with pleasing everyone and taking care of others until one day, you looked up and you hadn’t done any of those things that you set out to do. A little bit of yearning takes over your mind and you ask yourself that one damning question that will make you doubt all of your past choices and put resentment in your heart: “What if?”

Sound familiar?

Really, if I’ve just described you, you are not the only one who has felt this way so don’t feel bad if you’ve had these feelings. It’s perfectly normal.

But if these feelings are becoming more frequent and causing you to feel some kind of way towards yourself or your family, it might be time to do something about it.

If one of your bucket list items is to work from home and manage your own business, then becoming a virtual assistant might be just the ticket.

Summer is the perfect time to start planning your virtual assistant business launch for the fall. Kids will be back in school then and you’ll probably have a little more free time to focus on your business.  What would you do with an extra $500 per month? Help with household expenses? Plan a family vacation? Buy Christmas presents for your family? Splurge on something for yourself? Making $500 as a virtual assistant is totally doable and who knows what that can turn into!

So, let’s dive in and talk about how you can create and build your own money-making virtual assistant business. Sound scary? Yep, it can be. But the rewards are worth it, trust me. Acknowledge what is making you afraid, solve the problem behind the fear and make your dreams become a reality. If you’re struggling with this, my free ebook about mindset may help.

What is a virtual assistant?

In short, a virtual assistant is an administrative professional who provides services virtually. Simple, right? When it comes to services, that can run the gamut. Maybe you rock at bookkeeping or transcription is your jam. The key is to figure out what you’re really good at and what do you truly enjoy doing. For example, I don’t do sales calls. I’ve been told I have a decent phone voice so I can do the work. But I absolutely hate making sales calls. It’s not something I want to do. You’ve got to be passionate about the work you do because a subpar attitude towards your work will translate into subpar work for your clients. And that ain’t good.

A virtual assistant business is one of the easiest businesses to launch. It’s also pretty low-investment (aka - cheap!). You can start off using free tools and work your way up as your business starts to make money.  

If you’ve been out of the workforce for a while and you feel like you can’t keep up with all the tech stuff, there’s still a place for you so don’t worry! Check out this blog post with 20 ideas of what types of services you can offer with little technical skills.

How can I really make $500 per month?

Making $500 per month in your virtual assistant business is not as unreachable as it might sound. The key to hitting that amount (and a boatload more!) is creating packages. Think of a package as a buffet of services you'll offer your clients.

What does that look like?

Clients like to see value-based packages and most clients like a one price type deal versus hourly rates. A client may think it will only take 30 minutes to do a certain task but it takes you 5 hours. You invoice them for 5 hours and guess what? The client will probably balk and may not pay.

Packages require payment up front for services. Cool, right? You don’t want to trade dollars for hours and run the risk of not getting paid at the end of the month.

So, let’s get started and create a package:

Example: Let’s say your niche is social media. Figure out what challenges and pain points a potential may have when it comes to social media. They may not have time to post regularly. Or maybe they don't know how.

A few things you could offer in the setup phase could be setting up client social media profiles, create a social media strategy, etc. Then you could offer a monthly upkeep package that includes stuff like comment moderation, creating posts, and running analytics reports at the end of the month.

List out each task and figure out how long it would take you to do them. Don’t forget to include communication time with the client, research and anything else that might crop up.

Let's take a look at a sample Pinterest management package:

Say you charge $50 per hour to manage client’s Pinterest accounts and this package takes about three hours to do. 

You do the math: $50 per hour x 3 hours = $150.

Compared to a package price of $250. See the difference?

Did I just hear you say, “Whoa! I can’t charge that much! No one’s going to pay me that much.”

Well, guess what? If you believe that, then it will probably be true.

Sign two clients for a $250 per month package and guess what? You've made $500, boo!

If you want to learn how to pitch your services to potential clients, make sure to sign up for my swipe file. You'll get the exact proposal I use to send to potential clients as well as a script to ask clients for referrals.

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If you want to learn more about how to launch and run a successful virtual assistant business, my new VA Playbook is a 100+ page guide that will walk you through how to set up a profitable business in no time. It’s laid out in a way that eliminates any confusion about what you absolutely need to do and in what order. No fluff, filled with tips you can use right now.

Purchase your copy here.

I'd love to hear about your dreams - not the dreams you have for your children or spouse - but your dreams. Feel free to shoot me a message, ok? I want to stay in touch and encourage you along the way. In the meantime, take care and here's to your success!

 

Regina Lewis

Regina's passion is helping a new generation of virtual assistants launch their new business or take their business to the next level.  When she's not working at the local ministry, blogging or tinkering with Squarespace, she enjoys spending time with her family, watching "Downton Abbey" to the point that it irritates her boys and people-watching from her front porch.