Business Idea

Start A Virtual Assistant Business

About

Starting 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
Facebook Community
business model
Consulting/Agency
time investment
Full time

About

Starting 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
Facebook Community
business model
Consulting/Agency
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $2,750
Other Expenses $0 $500
Total Startup Costs $6,517 $46,944

Successful Businesses

Business URL Rank
OnlineJobs onlinejobs.ph #4,747
AppJobs appjobs.com #54,982
Virtual Personal Assistants asksunday.com #79,955
Virtual Assistant Services, Virtual Assistant Companies, Hire a Virtual Personal Assistant wishup.co #83,678
Fancy Hands fancyhands.com #104,495
VirtualStaff.ph virtualstaff.ph #109,458
Zirtual zirtual.com #117,021
Ruby Receptionists ruby.com #133,983
unknown mytasker.com #143,950
Honest Virtual Assistant Company Reviews of 300+ Outsourcing Firms 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

    Word of mouth

    The most tried and true way to grow a virtual assistant business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 2

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to virtual assistant business.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜

  • 3

    Pay Per Click Advertising

    Pay-per-click (PPC) is a performance-based marketing method that allows you to show specific ads for services or products oriented to a very defined target, with the goal that the user visits your website or landing page.