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Definition of Virtual Assistant (VA) -
"...a highly-skilled, independent professional who remotely provides
administrative, technical and/or creative business support services"
 


What is a Virtual Assistant?

The Virtual Assistant is an independent professional who works remotely from their own office for your business on a contract basis. The VA is not an employee for the company, therefore is responsible for their own equipment, business expenses and benefits.

There are three aspects to the virtual assistant business which sets it apart from other remote secretarial services or telecommuting positions.

  1. The primary characteristic of most virtual assistants is that they work to build long-term relationships with a client and provide continual services for that client’s business. The VA will tailor their services to fit the client’s particular needs and will often work outside of a particular job description when the need arises.
     
  2. The term virtual means that this person performs their functions from their own remote home office.
     
  3. The virtual assistant owns their own business as opposed to a temporary contract worker or employee allowed to telecommute. Most VAs do not consider themselves secretaries who work for someone, but rather a business partner who can assist their client to promote and grow their business. As opposed to the term “freelance” work which can imply someone who works to make some extra income, the virtual assistant owns and operates their own established business which allows them to better understands the needs of their client.
     

Want to SAVE over $52,000 in business expenses this year?
If you answered yes, read on . . . .
 

Can a Virtual Assistant really save my business time and money?

Virtual assistants are skilled, off-site professionals that will provide work in a more cost effective way than a full-time employee for companies looking to minimize overhead. Because they are contractors, virtual assistants are paid only for hours that they actually work instead of a guaranteed salary for a 40-hour week. Not only do companies save on employee benefit costs, but there’s also no real estate or equipment to fund, no need to lease space for an extra desk or buy a computer.

Cost Comparison: Full-time Employee versus Virtual Assistant

  COST COMPARISON   Full-Time Employee   Virtual Assistant
 
  Hourly Rate of Pay   $20.00   $50.00  
  Fringe Benefits @ 35%
(Health/Dental/Life Insurance/Retirement Plans)
  $ 7.00   None  
  Overhead Rate @ 50%
(Office Space, Equipment & Office Supply Expense, UI Insurance, Worker's Compensation, Overtime Pay, Administrative Costs)
  $10.00   None  
  Total Effective Rate of Pay   $37.00   $50.00  
  **Hours Per Year   2,080 hrs   480 hrs  
  TOTAL Annual Labor Cost   $76,960.00   $24,000.00  
             

Difference = $52,960 per year


*
Remember, with a Virtual Assistant, you only pay for actual work performed! No more paying for socializing, hour long lunches or frequent trips to the washroom.
 

 

Although the Virtual Assistant’s hourly rate is more than the employee’s rate at first glance, you save the cost of benefits and overhead that would have to be applied to the new employee’s wage. And, because Virtual Assistant’s are usually more experienced, more efficient, and better connected than the employee, you’ll need to devote far less time to the project to get the same results, only 480 hours a year versus 2,080 for the new employee.

Your employee’s 8 hour day can be crunched into 3-4 hours with a Virtual Assistant.

Simply put, you should contract with a Virtual Assistant because it’s more cost-effective and Virtual Assistants go above and beyond the normal assistant’s duties to impact your own productivity. No task is too big or small for a Virtual Assistant to handle. Even if you only have one hour of work a month for a Virtual Assistant to do, a VA can (and will) do it.

What value does a Virtual Assistant bring to businesses?

Due to the down-sizing of large corporations and the growth of small and online businesses there is often more work to do than the time or resources to get them done. Time and money are big constraints for many businesses and they are looking for a solution. That solution is MVA My Virtual Assistant! A skilled VA will take over many administrative/marketing tasks and free up business owners, executives and busy managers to do their job of building and running their business.

   

 
BENEFITS OF HIRING A VIRTUAL ASSISTANT:

•  Use an expert - Hiring a great virtual assistant will be like having a business coach that not only provides recommendations to help you grow your business, but they will also execute those recommendations for you!

•  Use a VA only when you NEED them.

•  Delegate so you have time to do what you do best — secure more business, or just have more personal free time.

•  You are not responsible for any employee-related taxes, insurance
or benefits.

•  Services are tax deductible

•  Don't pay for vacation, sick time, or holidays

•  No overhead — avoid the logistical headaches of providing extra office space, equipment or supplies.

•  Appear as a fully staffed TEAM on your website(s) and
other marketing materials.

• Pay a virtual assistant with a Credit Card, freeing up your cash flow.
 

   
 
   
         
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