Question:

Can virtual assistants make a lot of money?

15 October, 2021 Lloyd Howe 6

Answers (6):

  • AUTHOR: MARGARETT MCNAUGHT
    18 October, 2021

    It is possible but very challenging. Virtual assistants can be self employed and set their own hours. Their pay varies greatly depending on the type of work they do which may include tasks such as transcription, data entry, etc. Many platforms use this job title for customer service representatives which means they also earn commission from sales made when customers call in to a company to make a purchase or ask a question about a product. Those who make more money usually have better negotiation skills and higher level knowledge in these areas. On the other hand, many virtual assistants cannot afford health insurance because it isn't offered by contracted companies or cost too much if self-employed due to poor negotiating skills.

  • AUTHOR: PATRICK PINGREE
    18 October, 2021

    If the virtual assistant is able to work for many companies, then their compensation can be very lucrative. They get paid per input and not at a fixed number of hours; this makes every word or form that they fill out worth something to them. A successful virtual assistant gets paid based on how much money is made by the client they are working for and how many companies they work for. A more successful virtual assistant will make more money because he or she will have clients of higher incomes; but if someone has had more time in digital marketing, programming, etc., these skills would benefit all of their clients on some level.

  • AUTHOR: EUGENE FETZER
    18 October, 2021

    That's a great question, since virtual assistants are an interesting subset of the gig economy. This past year, I've seen articles in both Forbes and Fast Company about how it's possible for virtual assistants to make close to six figures in one year. Have you read them? The Great Recession caused many people, including business owners, to rethink their own positions within the workplace. One significant change is that there are more independent contractors working in various aspects of business today than ever before - whether they're part-time employees who start projects for companies on a contract basis or entrepreneurs looking for customers through online platforms like Fiverr or Upwork, the market has matured into something that was never anticipated before 2008.

  • AUTHOR: TAMI COBY
    18 October, 2021

    The answer in this scenario depends on what type of virtual assistant you are referring to. Virtual assistants are designed for specific tasks which can be anything from scheduling meetings, to helping with your taxes. If your task is relatively simple the pay might be quite high, though you need to get certified first before starting work. Conversely if you are skilled or trained for a wide variety of tasks then it may take some time before making the kind of money that makes virtual assisting something serious about job security rather than just gig-economy side hustle type thing that comes and goes depending on where the next dollar comes from.

  • AUTHOR: DIEGO MOTE
    18 October, 2021

    While some virtual assistants may be able to make a lot of money, not all are able to do so.  There are many reasons for this - the market is competitive, the pay rates are relatively low compared with other jobs in skilled labor markets, and employers don't always take into account what it takes to run a virtual assistant company either time or monetary costs. If you have the qualities of an experienced virtual assistant who is not only good at what they do but also has experience managing people and providing excellent customer service, then yes they can make a lot of money. Training will be required so authenticate that you have these qualifications before spending time on it though just in case there won't be enough return on your investment.

  • AUTHOR: MATTHEW NOREN
    18 October, 2021

    Yes. Before they were assigned my occupation, I was a digital nomad living the life of luxury. I traveled between tropical beaches, sipping on cocktails in luxurious cabanas with not a care in the world. Then my parents died in an accident, leaving my icky rich inheritance to me. They had programmed their digital lives so that my icky-rich parents could live forever in robot bodies when they eventually passed away - by uploading them into virtual existences where all their needs are met and anything is possible!!! And since robots can't inherit money..I became rich! But always sad because they were gone..I missed the parently love dearly..