If you have come to the conclusion that hiring a virtual assistant could be a lifesaver for your to-do list, you’re not alone. Many business owners are starting to outsource tasks that aren’t a direct source of income for their business, such as social media management and IT support.
As a first step, you might have googled how much a virtual assistant costs, but the answer varies depending on where you look. Unfortunately, most of the information you find online about the cost of hiring a virtual assistant is confusing and conflicting. In this post, I am going to help you clarify how much a virtual assistant costs by breaking down the different price points for virtual assistant services and what can you expect for each price point.
$2-$10 per hour
You’ve probably seen advertisements online for virtual assistants and social media managers for around $10 an hour, and even as low as $2 an hour. Services at this price point are usually conducted by virtual assistants in 3rd world countries. Often times the work is cookie-cutter or recycled, and potentially riddled with grammatical errors. There is also the potential of putting your business’s confidential information at risk–including your customers’ information–which can open you up to liabilities. For some businesses this price point works, but be prepared to receive subpar work.
$11-$20 per hour
The next price point you’ll find is $11-$20 per hour. These are typically new virtual assistants who have some office admin work experience and have branched off on their own offering general virtual assistant services as freelancers. These virtual assistants can be a great asset to your business for general admin tasks like calendaring, travel arrangements, email management, and research. You should be prepared to sort through resumes to find your virtual assistant and have written documentation for the tasks you need done. You will also need to provide your virtual assistant with some training on the operations of your business.
$25-$30 per hour
The next price range is between $25-30 an hour. This price range is often associated with virtual assistant agencies. For this price range the agency will pair you with a trained virtual assistant that specializes in the needs of your business. The tasks completed are general admin tasks, social media management, and some low-level technical skills.
$30-$50 per hour
The next range is $30-50 per hour. Virtual Assistants in this price points typically have more technical skill sets such as social media management, building websites, sales funnels, lead generation, managing facebook ads, and other skills that require training or several years of experience. They are great assets to your business, especially if they are able to fill in with expertise that you may lack. More importantly, they can help take major projects off your hands with little guidance. You should be prepared to talk to them about your ideal customer and target audience.
$50 and up
At this price point you’re getting an online business manager or a project manager. Individuals providing this level of service basically take over the day-to-day operations of your business such as managing a team, overseeing launches, and just about every other aspect of your business. They are process and system driven individuals who love who know how to motivate others, and can ensure that all the details of your business are in working order. This is a great option for an entrepreneur who may be ready to take some time away from their business to pursue other endeavors such as launching a second business or working on other innovative solutions to serve their customers.
There is no one-size-fits-all when it comes to hiring virtual assistants, but hopefully this can serve as a guideline to anyone ready to take that step for their business. For even more curated informational content like this, check out our YouTube channel where I create videos to help you achieve a life you love and a business that thrives!