What do I charge for my services?
I get this question weekly from people either thinking of starting a Virtual Assistant business or someone who has landed their first client and has no idea what to charge.
Now, in my honest opinion you should know what you are charging for your services BEFORE you get your first client.
The problem with waiting until after you’ve landed them is they can see you scrambling around trying to figure it out or they can sense that you don’t quite have it all together yet. Not a great way to start a relationship.
This is why I’m always saying you need to have your business foundation in place before you start taking on clients.
Sorry… getting off my soap box <grin>.
Back to what do you charge for your services.
First, what you charge is directly related to your skills & the services you offer.
Regardless of what you may have been told, it takes more than administrative skills to be successful as a Virtual Assistant.
The more technology you know, the more you can charge and the easier it is to get clients.
The more experienced you are, the more you can charge!
Second, you need to know your numbers.
What numbers you ask?
How much you NEED to earn & how much you WANT to earn. (These numbers should be different, in some cases vastly different.)
Do you know yours?
This number is your baseline number – the amount you must earn in order to keep the lights on.
I create a YouTube video series on pricing and setting your rates. It goes into detail about how to find your baseline rate using my Rate Calculation Sheet Template.
I recommend watching at least the first two videos, as it goes thru the exercise of figuring out how much you need to earn using my Rate Calculation sheet.
You can download the Rate Calculation sheet by clicking on the image below.
Also… stay away from asking people on Social Media how much you should charge. They don’t know your numbers – you are the best person to decide what you should charge.
Third, what services are you offering?
What is the market willing to pay for those skills?
Here are average rates by type of service in US Dollars. Please note these rates are NOT guaranteed, and are to be used as a guideline. (The more experienced you are in an area, the more you can charge.)
- Administrative Skills – $25+
- Data Entry
- Calendar Management
- Email Management
- Technical Skills – $35+
- Specialized Skills – $50+
- Email Marketing
- Project Management
What services are you offering?
Once you’ve completed these exercises (how much you need to charge & your services), it’s time to create your Action Plan for getting clients & getting busy.
What do you think?
Feel free to post below and let me know what action your taking today to figure out how much you need + want to earn.
I’d love to here from you.
All comments + questions are welcome.
If you know someone who might benefit from this information, please share. You can use the share buttons below the post.
HERE ARE A FEW RELATED BLOG POSTS THAT MIGHT BE OF INTEREST:
- Setting Up A Virtual Assistant Business
- Day to Day Operations + Systems
- How Many Clients Do I Need
- Interviewing Potential Clients
- Video Series on Setting Rates
Oh… and each week I host an Open Mic Session in my VA Tips & Tricks Facebook Group where I deep dive specific topics & answer your questions, be sure to join us for the next one – it’s FREE! Go to http://bit.ly/vatipstricks.
Thanks for reading – Susan
Don’t forget to leave a comment if you found this information useful – I’d love to hear from you!
Susan Mershon started The Techie Mentor ™ in 2013 to teach Virtual Assistants the systems + skills they need to start + run a successful business. With a strong base in project management, Susan brings her love of systems and teaching to offer training and mentoring to new and experienced Virtual Assistants. She’s taught thousands of students her unique system that teaches the skills clients are looking for + the systems you need to offer your knowledge as a service professional. This proven system will help you stand out as a professional, earn you more money and free up your precious time.