Business Idea

Start A Virtual Assistant Business

About

Becoming a virtual assistant business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell virtual assistant, or selling virtual assistant online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a virtual assistant business ➜

Key stats

market size
$3.7B
revenue (monthly)
$1K
starting costs
$26.7K
gross margin
50%
avg product price
$50
time to build
6 months
growth
SEO
business model
Consulting
time investment
Full time

About

Becoming a virtual assistant business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell virtual assistant, or selling virtual assistant online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a virtual assistant business ➜

Key stats

market size
$3.7B
revenue (monthly)
$1K
starting costs
$26.7K
gross margin
50%
avg product price
$50

 

time to build
6 months
growth
SEO
business model
Consulting
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Equipment & Supply Expenses $500 $5,000
Website Costs $303 $7,215
Business Formation Fees $5,600 $20,400
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $2,750
Other Expenses $0 $500
Total Startup Costs $7,466 $46,311

Successful Businesses

Business URL Rank
OnlineJobs onlinejobs.ph #4,747
AppJobs appjobs.com #54,982
Virtual Personal Assistants asksunday.com #79,955
wishup wishup.co #83,678
Fancy Hands fancyhands.com #104,495
VirtualStaff virtualstaff.ph #109,458
Zirtual zirtual.com #117,021
Ruby Receptionists ruby.com #133,983
MyTasker mytasker.com #143,950
Virtual Assistant virtualassistantassistant.com #148,796
FVA Business Consultancy fvaconsultancy.com #191,074

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Rewarding work Starting a virtual assistant business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs To get your virtual assistant business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Meaningful business connections You never know who you will meet as a virtual assistant business. This could be the start of an incredible business opportunity!
Cons Description
Crowded Space Competition is high when it comes to your virtual assistant business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process A virtual assistant business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Taxes As a virtual assistant business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
Work can be repetitive You may find creating the same product over and over repetitive and tiresome. One way of avoiding this is to diversify product lines and revenue streams - this will keep things interesting!
Time commitment With becoming a virtual assistant, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.
Difficult to build trust with your customer With becoming a virtual assistant, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.