A virtual assistant is either self-employed or an employee working offsite in a home office. Virtual assistants are considered independent contractors instead of employees for a company. Due to this status, the client does not take any taxes out of the pay compensated to the VA. Such assistants are responsible for paying in their own quarterly tax payments, as well as obtaining their own independent contractor’s insurance and medical benefits. Virtual Assistants can work independently or as an employee of a multi-VA firm. VA clients can include small businesses, corporate offices, medical practices and entrepreneurs. According to statistics, it is estimated that there are approximately 25,000 virtual assistants worldwide and that number is growing daily. (Source: Wikipedia)
Benefits of Becoming a Virtual Assistant
1. It is a Viable Business Option
The industry for virtual administration is expanding. More companies and business owners are deciding to hire outside assistance to save on paying benefits and overhead costs. If you have skills in the following areas, this can be a good opportunity for you to be your own boss.
- Administrative duties
- Customer service
- Clerical tasks
- Document editing
- Social media assistant
2. Opportunity to Work from Home
Working as a virtual assistant from a home office has several benefits that can make the decision to branch out in this field easier. The following is a listing of those benefits.
- No rental or office leasing fee
- Low start-up costs
- No transportation costs
- All work is completed online or phone
- Work can be done from any location
- Tax deductions for Internet, electric etc.
3. Be Your Own Boss
Working as a virtual assistant can be a very rewarding experience in being your own boss and making your own decisions. There is a wide variety of virtual assistant opportunities available that can make your work experience extremely interesting. The following are several ways that you can be your own boss as a VA.
- Create your own work schedule
- Work for the clients that you want to work for
- Can take time off when you need to
- Gain experience and build a network
- Opportunity to gain referrals for new clients
- Can start part-time and build a client list
Resources on How to Get Started as a Virtual Assistant
Depending on where you live, one of the first places to start is the US Small Business Administration, the Government website for Industry Canada or whatever small business agency your country has to provide resources. It is important to understand the specific business regulations and legalities to becoming a business owner in your own country. The International Virtual Assistant Association is another online resource for virtual assistants. The following qualities are important if you want to become a virtual assistant.
- Be extremely organised
- Able to handle multiple tasks
- Desire to work in a solo environment
- Willing to wear many hats
- Ability to persevere during difficulties
Becoming a virtual assistant has many benefits for the right individual who is willing work hard and to make every effort to succeed. Being a VA is a viable business opportunity and provides an excellent opportunity to work from a home office.
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