The very first thing that you need to understand is that there are a number of different virtual assistant tasks. There are those who are just freelancers who you can just hire for a very short-term project, such as creating a series of company brochures, while there are other types of VAs who will become a more permanent part of your business team. In the second case you will probably pay the VA more than in the first case, simply because you will want her to consider this her “job.”
There is no doubt that the pay rate will be negotiated by the employer and the VA, and it is only the employer who can decide how much they will afford to allocate for the job. The employer can also decide if it’s something he/she can afford to accept and still make enough money to live on. There is a point somewhere in your negotiation, a “sweet spot” that you can reach, where both you and the VA will make a profit. When you are trying to consider how much to pay your VA, here are a few points to keep in mind.
The VA will most likely come with his/her own rate set in her mind. In case the amount the VA suggests is more than you can afford, don’t give up too soon. Try talking to him/her and find out if there is some wiggle room in there. Some people also do some “bartering for services” to make the virtual assistant’s rates more affordable.
If you are left with around two or three candidates, and there is one with rates way below everyone else’s, you should not be so fast to hire him/her. This is because at times a lower rate indicates that the person has determined that his skill level is not high enough to be able to charge any more than that. This is however not the case always. There are times you can get a good VA at a low, low price. This is especially the case when the VA is just starting out and keeping their rates low to get clients.
You should first think of how much you would need to pay for the service you need if the person worked in-office with you as a fulltime employee. You need to keep in mind that one of the main reasons of hiring a VA is the fact that it allows you to operate at less cost than if you have an office full of regular employees. Therefor if you find yourself paying the virtual assistant more than you would pay an office-based assistant, you’re defeating your purpose. The most important thing is to find a balance between your desire to pay less than you would pay a full time office assistant and the VA’s desire to make a rate that is competitive with what she would make as an employee.
Although it is not possible to exactly say how much you need to pay your VA, I will throw out some numbers. Need a VA has a great payment rate for VAs which is $6.5 an hour. We also source and train the VAs so you won’t need to worry about that. The difference on the rate of payment depends on several factors ranging from the skill level required of the VA to others such as whether they’re based in your country, or whether you’re hiring for a short-term freelancer’s assignment or for something more long-term. All in all, when you are deciding on the rate of payment for your VA, always consider a “Win-Win” pay rate that will leave both parties happy.