How to start a Virtual Assistant Business

 

 

The Virtual Assistant industry has become so popular because it helps women become entrepreneurs yet also achieve a work/life balance. Business trends forecast an increase in service demands, start-up costs are minimal and the profit potential is good.

Before packing up the office cubicle and giving notice to your boss, know that becoming a virtual assistant isn't an easy job that just anyone can do. "To become successful, you need a good marketing strategy in addition to that you will need a phone, PC and Internet connection." Many virtual assistants work between 14 and 18 hours a day during the startup phase. Even after establishing solid practices, one-third of these business owners admit to working nontraditional hours, including weekends and holidays.

Virtual assistants are independent entrepreneurs who work remotely and use technology to deliver services to clients globally. Most work from their home offices and receive their project instructions by phone, e-mail or even instant message. Although many virtual assistants offer secretarial services, as more people with diverse backgrounds and skills enter the ranks, virtual assistants who specialize in such areas as marketing, graphic and Web design, IT support or even translations are becoming more common.

Clients are most likely to hire virtual assistants to save money or because they need help with a temporary project.  Virtual assistants pay for their own equipment, taxes, training, healthcare and insurance.  Industries most often hiring virtual assistants include the real estate, coaching, financial services, accounting and legal.

If you're wondering how to start a business as a virtual assistant, here are some tips:

·        Decide just what type of services you want to offer, and analyze your background to ensure you have adequate experience.

·        Determine your business niche-consider specializing in just two to three services.

·        Determine how much time and energy you have to commit to your venture. Do you want to work part or full time ?

·        Conduct thorough industry research to determine a need for your services in your local area.

·        Outline who your clients are, where they are and how to access them.

·        Do a market analysis. Find out the needs for your niche and focus on how you'll apply that to your business.

·        Know your budgetary constraints-projected expenses, expected income and how long you can "float" until your business is running successfully.

·        Prepare a business plan and review it often to manage growth and change.

·        Examine your equipment, software and work space to ensure they meet client needs.

·        Make sure you have an agreement in place for clients along with rates before securing your first client.

·        Market your services 24/7.  Just because you've built a Web site or placed an ad in the Yellow Pages doesn't mean clients will come knocking on your door.

You might want to consider joining a professional organization or networking group. This will give you the opportunity to network and build relationships.

 

Toni Baptista

http://www.tonibaptista.com/