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"Virtual Assistant Business": How to Get Started

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With the rise of the digital era, comes a business opportunity which is often overlooked, but in reality can yield enormous potential earning: the virtual assistant. With this opportunity, you can stay at home and work with your computer and phone, helping top executives manage their meeting schedules, helping authors manage their writing ideas, helping real estate agents manage their dealings and any other jobs you can think of.

Many top-end companies now outsourcing for virtual assistants, and you can simply apply for the job, many freelance websites like upwork.com, virtualassistants.com, and even Fiverr can also help you get clients. With almost zero capital needed and flexibility of time, this is perfect for stay at home moms with (and even without) corporate experiences.

Being a fairly new industry, this business is steadily growing both in supply and demand, and might be the future for executive assistant occupation. This also shows the possible future of business, where everything might be hyper-specialized, outsourced, and connected by the internet of everything.

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Interested in the job? Here are some notable considerations to help you started.

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1. Startup Cost
The startup cost needed can be essentially zero, providing you already got a working phone, computer, and reliable internet connection. The entry barrier is also relatively easy with all the websites stated above. However, this also means competition is tight, and you'll need to hone your skills and experience constantly to keep the job sustainable and grow your client base.

2. Permits, Licenses, and Legal Matters
As this business is essentially self-employment with a digital workplace, most states won't require you special permits and license. However, this may vary with location and it's better to consult your local government to get a better picture. You'll also still need to pay for self-employment taxes.

3. Join an Association
An association like International Virtual Assistant Association (http://ivaa.org/) not only can help you with getting jobs but with also help you with technical terms and information for beginning virtual assistants. Many similar sites are available, and by joining as many as you can, you'll get more jobs as well as new colleagues that may help you along the way.

4. Market Yourself
As mentioned before, you can get clients by applying for job listings from established companies, using freelance websites, or get jobs from virtual assistant communities. However, in the end, your reputation will greatly matter for the longevity of your business. Build a website with a portfolio of your successful projects to attract new clients, as well as a material to show your clients when proposing for posted jobs. Social media will also help, as it will contribute in showing your personality for potential clients. Be creative and be distinguished from the rest of the packs.

Earning Potential

Being a fairly new occupation, the national earning average for virtual assistants is a healthy $16 per hour, with top virtual assistants can get $30. This translates to an $25,000 annual earning for a 30-hour workweek, which is very healthy for a home-based business with minimal startup cost.

As your client base grow, you can increase your working hour as well as your hourly rate as mentioned, increasing your potential earning.