Learn how to factor in overhead and expenses and determine which pricing structure is best for your business.
Hourly pricing, packages, project based, retainers….there are many ways to structure pricing for your virtual assistant business. So how do you determine which one is right for you? In this guide, I break down pricing from top to bottom, so that you can set your business up for sustainable success.
Hey Boss Babe!
Many VAs tend to really discount their services when they are launching their businesses. They think that big hourly rates or high-priced packages will scare away potential clients. Let’s face it: it can be really scary to ask for the rates that you need and you deserve.
Here's the thing you have to remember: clients will hire you because they need you and because you have skills to do things that they can't or don't want to do. This makes you extremely valuable.
From the very beginning, you need to establish yourself as a professional. Your business will not be sustainable if you set low rates. You will end up having to take on way too many low-quality clients. You won't be able to afford to invest money back into your business. And worst of all, you will be setting a tone with your clients that you're not worth the rate you deserve.
Ask yourself why you're starting this business. Is it because you want to work around the clock? Or is it because you want time and financial freedom? Do you want to work crazy hours for clients that don't respect you? Or do you want to be able to focus your attention on clients that you love?
Now is the time to set your standards. You're a boss babe now and you should price your services accordingly.