The telltale sign of a booming business is when you, as a business owner, find the need to upscale. It is not an easy feat, but it is a necessary step to make more business. Having said that, hiring people to handle all the tasks you previously did so that you have more time for your family and can scale the business is not easy. To start, hiring office workers is expensive! With today’s high costs it can be very challenging to provide a livable wage to our employees. But what if that goal does not align with our budget? That is where virtual assistants come in. Affordable virtual assistants, often hired overseas, usually from countries where the dollar is stronger than the local currency. Fret not; cheaper does not mean lower quality.
Why hire a virtual assistant?
What affordable virtual assistants may lack in physical presence, they make up for in efficiency and productivity. They can whip things up to manage routine tasks that free up time for the business owner to focus on high-value activities, like making more money.Hiring an in-house person with a specialized skill is very costly; take web developers, for instance. They are one of the most highly paid jobs, and to keep one as a company employee is surely going to drain your pockets! This is why outsourcing them to a cheap virtual assistant is advantageous for both parties. You can save on expenses, and they can get other clients while serving you. Win-win situation.
Cost Benefits of Hiring a Virtual Assistant
Given the absence of office space and equipment, that’s already cost-saving. It makes financial sense to hire talent that can do the work while saving you a lot of money. It’s also important to note that since it’s a contract to hire an independent contractor, you are not required to provide benefits like health insurance, travel expenses, food allowance, and more! It’s also important to note that this setup removes the need for the long-term commitment of full-time employees and that flexibility is one of the greatest advantages an virtual assistant can offer.
Understanding the costs
Hiring a virtual assistant from overseas can make your budget last. Usually, virtual assistants hail from third-world countries where the dollar currency is stronger than the local currency. This, of course, is beneficial for both you and your virtual assistant since you get to save, and they get to earn above average based on their own countries’ salaries. Typical starting points for a virtual assistant’s hourly rate are $5–$7. Here at Attorney Assistant, we also offer quarterly raises for employees, so this rate does not stay stagnant, and adjustments based on skill and how they add value to the business are acknowledged. You must also consider tax and bank fees because they come with international wire transfers.
If you have reached this point, you may be wondering, “Is It Worth Having a Virtual Assistant?” If you ask us, the answer is a resounding yes! Our clients say that their virtual assistants have taken on tons of tasks that they simply did not have the bandwidth for. Don’t just take our word for it, read more about what our clients are saying on our testimonial page: https://attorneyassistant.com/testimonial/
