If you’re an entrepreneur considering starting a virtual assistant business, you will want to consider the amount of money a virtual assistant makes. Virtual assistants are always in demand and they consistently earn a good hourly salary. Virtual assistants provide administrative, technical, or creative support to businesses and individuals who work in an office or remotely. This article will give you an overview of the average wage for virtual assistants, as well as how experience, niche, responsibilities, and location can affect earnings.
What Is the Average Wage for Virtual Assistants?
The average hourly wage for a virtual assistant is anywhere from $15 to $33. This position starts at a lower rate than the average hourly rate for all occupations; however, it is important to keep in mind that hourly rates increase rapidly within the industry, which accounts for the wide disparity in hourly wages. Even part-time virtual assistants can make a reasonable salary range.
Some virtual assistants make as much as $50 per hour. The highest-paid virtual assistants are usually those with the most experience and those who specialize in a particular niche. For example, a virtual assistant who provides social media support for a celebrity could earn a higher hourly rate than a virtual assistant who provides administrative support for a small business.
What Factors Affect Virtual Assistant Earnings?
There are many factors that can affect how much a virtual assistant earns. These include experience, specialized services and responsibilities.
Experience
Virtual assistants with more experience tend to earn higher wages. This is due to the fact that they are able to handle more complex tasks and clients are willing to pay more for their services.
Specialized Services
Virtual assistants who specialize in a particular industry or type of work may also earn more than those who do not have a specialty. This is because they are able to offer their clients specialized knowledge and skills.
Responsibilities
The nature of the tasks that a virtual assistant oversees certainly affects earnings. For example, virtual assistants who handle more complex or sensitive tasks, such as executive bookkeeping or priority client relationships, will earn more than those who perform less complex tasks, such as data entry.
Conclusion
Although the average hourly wage for a virtual assistant starts on the low end of the pay scale, virtual assistants tend to garner higher wages as soon as they successfully manage a variety of tasks. Wages can rise to the top of the pay scale within months, depending on the responsibilities, sensitivity of the work being done, and the skillset of the virtual assistant. An entrepreneur who starts a virtual assistant business will earn a reasonable profit and can look forward to that profit continuing in the growing industry of virtual assistants.