Apr 21

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Save Time & Money with Virtual Assistants

Tag: Productivity, Virtual AssistantsTim @ 7:00 am

Virtual assistants work from their own homes or offices.If you’ve read or seen the news lately, you’ve probably already heard of virtual assistants. Bestselling book The 4-Hour Workweek (#1 New York Times and Wall Street Journal) and countless articles in the business sections of most major newspapers and magazines have popularized the concept of low-cost, outsourced assistants. Despite the media attention, however, the concept hasn’t caught on quite as quickly as many thought it would. Unsure of the benefits, afraid of the risks, or concerned about the difficulty of communicating with a remote, possibly foreign assistant, most professionals haven’t taken the plunge. If you’ve thought about using a virtual assistant and just haven’t taken the risk, or if you’ve tried a virtual assistant and want to work even more efficiently and effectively, this article is for you.

This article will provide a brief overview of virtual assistants, explain how to effectively use them to save time and money, and offer some free tools for improving your VA experience. Read more to learn how you can save thousands of dollars per year, free up your time, and have fun in the process!

What’s a Virtual Assistant?

Virtual Assistants are self-employed personal and administrative assistants who help clients worldwide. VAs work from their own homes or offices and significantly lower the costs of the services they provide by eliminating most of the significant expenses associated with typical employment, including taxes, benefits, and human resource costs. Because virtual assistants work as independent contractors, they cover these costs themselves from their wages. Perhaps most importantly, because most virtual assistants work from international locations where costs of living are significantly lower, they can pass these savings on to you. For example, I currently work with a Sri Lankan assistant who completes common administrative tasks for $5/hr. My assistant, Pradeep, is capable and intelligent, and he completes tasks for me while I sleep (one of the many benefits of the difference in time zones) and returns his work to me the next day via email. Pradeep has a clear accent and his English isn’t perfect, but working with him is fun and effective!

Virtual Assistants can perform countless tasks skillfully and efficiently. Common tasks include managing calendars, compiling data, completing research, planning trips and events, and providing call-center services. Some VAs also specialize in one or more areas, like programming and web design, legal services, and even sales. I’ve outsourced a variety of tasks to Pradeep, including researching the legality of a business decision we were considering at one of the companies I work with, planning an itinerary for a vacation I was taking, and scheduling meetings with clients and coworkers. In all of these cases, Pradeep saved me time and money by allowing me to focus my attention on those parts of my personal and professional life that were most critical.

Benefits

Working with a virtual assistant is an incredibly effective way to save time and money. For the terminally busy, a virtual assistant can free you up to do the things you really want to do, like focusing on making that next sale, and free you from the things that steal your time, like scheduling (and rescheduling) a meeting.

VA Savings Calculator

For most, the time and cost benefits of hiring a virtual assistant are obvious. But if you’re not sure whether it’s worth it—or if you’d like to know exactly how much you’re saving—it can be helpful to take a minute and do the math. Say, for example, that you make $25/hr. If your virtual assistant costs you $5/hr. and can complete a task just as quickly as you can (which is very often the case), you’re saving 75% of your time or money every time you outsource a task. Even if your assistant takes twice as long, you’re still saving over 66%. Not bad for something that takes almost no ongoing effort at all, and that’s not even counting the money you might earn with the free time you’ll get! If you’d like to play with the math for yourself (and find out how much you could save in a year), I’ve created a simple excel spreadsheet for you here.

It’s also helpful to think of the benefits in terms of an actual life-style change. What could you do with five extra hours per week? With ten? What about all those new ideas you’ve been meaning to follow up on? Would you have time to finally start that side business or get back in shape? Could you even outsource some of the tasks you’ve been putting off? Maybe you’d have time to watch that new show your friends had been talking about, or spend that Saturday afternoon enjoying the sunshine instead of working inside. Maybe you can even enjoy a 4-Hour Workweek, like Timothy Ferris does! Whatever you’d do with your extra time, it’s clear that using a VA can be a great choice for just about anyone.

Ethical Issues

When I tell people that I use a virtual assistant, I often get questions about the ethics of the practice, and I’d like to take a moment to address those concerns here. Despite some claims to the contrary, I believe that using a virtual assistant is not only ethical, but an incredibly intelligent practice of global citizenship. The most common concern I’ve heard is the belief that paying someone such a small wage is unfair. When you examine the details, however, it’s clear that virtual assistants actually realize significant benefits through their work.

Let’s take my assistant, Pradeep, for example. According to the latest (2007) data I can find, the average individual income in Sri Lanka is approximately LKR 173,484 (Sri Lankan Rupees) or $1610 (as of the writing of this post) per year. Assuming his other clients pay him at $5/hr. as well, and that Pradeep works 40 hours per week for 50 weeks per year, he’ll earn $10,000 per year, or 521% more than the national average salary. This is a conservative estimate, since most VAs do some specialty work for which they charge a premium.

Likewise, Pradeep enjoys personal benefits as well. Pradeep can work from home—or anywhere else with an internet connection—and enjoys the flexibility of setting his own hours, spending more time with his family, and choosing how to best complete his work. Pradeep has even been featured in the Sunday Times, one of Sri Lanka’s largest-selling English newspapers. If this isn’t an enviable lifestyle, I don’t know what is. Perhaps most importantly, the relationship Pradeep and I have allows us to learn about each other’s cultures and benefit from each other’s experience, promoting an interchange of ideas and values.

Finding Your VA

If you’re convinced it’s time to find a VA, there are countless venues to choose from. The ones I’ve used in the past are:

  • Elance is easily the most popular option for finding a virtual assitant. The website features a simple, though slightly cumbersome, auction system, where virtual assistants will bid for your job at an hourly rate. Timothy Ferris is even featured in a YouTube video on Elance’s homepage that the explains how to find a VA there. The site is much better suited for single projects than ongoing relationships, but it gets the job done.
  • Craigslist is now my method-of-choice for finding a high-quality, low-cost VA. Your best bet is to post a listing in the Jobs section of larger cities in India like Dehli and Bangalore. If you follow my hiring process below, you’ll be surprised at how easy it is to find high-quality, low-cost VA’s.

No matter where you choose to look, finding a VA can be incredibly simple if you follow a well-conceived hiring process. It took me a few tries to perfect my process, but it works incredibly well for me now. You can find a virtual assistant quickly and easily if you follow these three steps:

  1. Post a simple, descriptive listing of your needs. Take a minute to think about what you’d like your VA experience to be like. What skills does your VA have? What kind of tasks do you giver her? How much do you pay her per hour? Does she complete tasks overnight and return them by email the next day, or do you give her longer deadlines? Do you communicate by phone, email, or chat? Will you pay your VA via PayPal, or use one of the other money-sending services like Xoom? Once you know what you need in a VA, you’ll want to make a post that will attract the best possible candidates. Write a clear job description that explains what you’re looking for, and ask for references of previous work. You’ll get the best possible response if you’re clear about what you need.
  2. Ask possible candidates to complete a task. In order to best judge the quality of work you’ll get from your VA, you’ll want to create a sample task for applicants to complete before you bother talking to them further. I asked candidates to plan an itinerary from my home in Boston to a friend’s home in Connecticut that used only public transportation. The task was simple, but it allowed me to judge the speed, accuracy, and quality with which applicants responded. I also avoided having to plan the trip myself!
  3. Interview the top three candidates via Skype. To complete the process, you’ll want to interview your top candidates. The easiest way to do this is to set up a time to talk to your candidates via skype, the free VOIP program. Ask applicants to call you, so you can judge their timeliness and responsibility. During the interview, you’ll want to ask about the things that matter most to you. There’s no perfect interview formula, so don’t be afraid to pass on somebody just because they don’t feel right. The best VA’s I’ve used are the ones I enjoy talking to, not necessarily the smartest or most well-spoken.

Working with your VA

Working with your VA should be fun and simple. When assigning tasks, it’s helpful to establish a process early that you and your VA can follow every time. These guidelines are a good start:

  1. Assignments should be as clear and specific as possible. Say you’re giving your VA an internet research assignment on the War of 1812. Don’t just say, “research the war of 1812.” Instead, tell your VA exactly what you want. What’s the point of the assignment? What facts are absolutely critical for you to know? How long and how detailed should your VA’s response be? Would you prefer a word document? A PDF? Do you need pictures, graphs, or other media? Considering and specifying these things beforehand is critical.
  2. Assignments should have a clear deadline and duration. When you assign a task, be clear about how long you expect the task to take and when you’d like to receive the work. Don’t say, “I’d like this by next Thursday.” If you’re assigning the task on Tuesday, this can be confusing. Which Thursday do you mean? I usually write something like, “I’d like this assignment returned by Thursday the 18th. I expect it to take about 3 hours to complete.”
  3. Always have your VA confirm and repeat the assignment. When assigning a task, I have my assistant respond to my email to confirm that he’s received the assignment, that he understands it, and that he can complete it in the time frame I’ve specified. I ask him to summarize the major points of the assignment in this communication, so that I’m sure he understands what I’ve assigned.

Keep in mind that these are just a few guidelines. You’ll want to find out what works for you. Don’t be surprised if it takes you a few tries to get it right; working with an employee isn’t always easy, and non-native English speakers may occasionally misunderstand you. Then again, at $5/hr., mistakes aren’t really that costly.

Tips and Tools

Now that you’ve got a handle on the basics, here are a few resources for you to check out that will make your life easier:

  • If you’d like to learn more, you should definitely check out Timothy Ferriss’s The 4-Hour Workweek. Ferriss pioneered personal outsourcing with virtual assistants, and his book contains an exhaustive list of ideas and resources to help you get started.
  • All the software I use to work with my VA is free! I use Google Documents for sharing office documents, Gmail for assigning work and sending other file types, and Skype for free phone functionality.
  • Paying your VA is incredibly easy online. PayPal is a great resource for most locations. If your VA lives and works from a location that doesn’t accept PayPal, you can use services like Xoom to send money for a low fee.

Conclusion

Working with a VA can be a fun and easy way to save time and money. Virtual assistants are easy to find and help free up valuable time. If you’ve thought about using a VA before, or if you like what you’ve read here, it’s time to take the plunge. Using a VA will revolutionize the way you spend your time, and it’s worth the few hours it’ll take to try out. If you have any questions about this article, please feel free to leave a comment below or email me!

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14 Responses to “Save Time & Money with Virtual Assistants”

  1. 5-Plus Habits That Will Make You Rich | The Upwardly Mobile says:

    […] Hire a Virtual Assistant - I’ve already extolled the virtues of working with a virtual assistant, but it’s worth taking a few moments to return to the subject here. As I mentioned earlier, […]

  2. Kathie Thomas, A Claytons Secretary says:

    Why do you not mention any of the VA networks for seeking a Virtual Assistant? There are close to 30 professional groups formed to develop the industry worldwide and assist VAs in learning about the industry and how to set up their businesses. These are the ideal hunting ground for professional VAs for clients. I would encourage any VA, irrespective of their location, to join 2 or 3 of these networks so they can get greater exposure to clients and learn from their peers.

    Yes, some of these networks do cost to join - the people who run them can’t do so without paying for the costs in some way, but not all of them have costs associated with them. All of them do have chat forums which are free, or part of the membership benefits, which means that VAs can learn from their peers.

    There are also certification programs in place, training, coaching, etc - things relating to the industry that VAs won’t have access to through the two listings you suggested.

    I run a VA network based in Australia and with members in 16 countries.

  3. Tim says:

    Thank you for your response, Kathie. There are certainly lots of VA networks around, but I’ve never used any before. I did submit RFPs to a few VA networks when I started looking for my first virtual assistant, but I didn’t have much success with the responses.

  4. Kathie Thomas, A Claytons Secretary says:

    Sorry to hear that Tim - you never came to my network! :-) This is linked on my blog but if you go to http://vanetworknews.com/ you’ll find a list of networks there, and discussion forums that are for the industry.

    The industry is now close to 12 years old but is still developing and people are still discovering it. I invite you, and your readers, to come along to our 3rd annual convention next month. Details can be seen at http://www.oivac.com - we have speakers from many different countries and it’s all about business online and working from home, etc - not just for the VAs but also for their clients.

  5. Kathie Thomas, A Claytons Secretary says:

    Back again, there are other things in your article which needs correcting Tim. Virtual Assistants are NOT employees but are business owner/operators which you did indicate early in your post but not later in your post.

    If you are seeking a VA via the VA networks you’ll find they all come from professional backgrounds, having worked in the corporate world prior to setting up business.

    Whilst it’s important to be clear about your instructions and making sure your chosen VA does understand what you want done, it should be expected that they will handle your requests in a professional manner. And if they are not in the countries you mentioned, they are going to cost considerably more than $5/hr.

    A large percentage of VAs are native English speaking, reading and writing and live in countries like Australia, New Zealand, USA, UK, Canada, France, Germany, Hungary, South Africa and so on.

  6. Tim says:

    From the article: “Virtual Assistants are self-employed personal and administrative assistants who help clients worldwide.” Self-employed implies that these individuals are owners of their own businesses, which is entirely the point.

    I think it’s also important to remember that you can find high-quality assistants from all over the world, not simply in English-speaking countries or in Europe. I pay my assistant $5/hr., and he completes fantastic work. Tim Ferriss even wrote a best-selling book on the subject: http://www.amazon.com/gp/product/0307353133?ie=UTF8&tag=theupwmob-20&link_code=as3&camp=211189&creative=373489&creativeASIN=0307353133

    It can be done! VA’s in developed nations like those in your network might even use other VA’s to complete some work for them.

  7. Finding a Roommate: Craigslist vs. Roommates.com | The Upwardly Mobile says:

    […] and responding to posts, but I didn’t get nearly the same response. Of course, had I put my virtual assistant on this task, I probably could have gotten him to find me a roommate on Craigslist instead for […]

  8. Never Forget Again: MemoToMe.com and Gmail | The Upwardly Mobile says:

    […] clean while still remembering to follow up with those people on my waiting for list, like my virtual assistants. Although you’d normally have to pay for a Platinum account to get MemoToMe reminders via […]

  9. Work At Home With No Monet To Pay says:

    Good site I “Stumbledupon” it today and gave it a stumble for you.. looking forward to seeing what else you have..later

  10. The Virtual Website Assistant Edge | The Upwardly Mobile says:

    […] mentioned the time and productivity savings virtual assistants create once or twice before. Like their generalized counterparts, virtual website assistants work on tasks so […]

  11. 51 Virtual Assistants Tasks to Save You Time and Money | The Upwardly Mobile says:

    […] talk about virtual assistants fairly frequently at The Upwardly Mobile. But since it’s been a while, and since it’s […]

  12. Lawrence Perry says:

    The virtual assistant can be the perfect assistant for companies. This is because companies get the results with less of the cost and less of the stress.
    The major advantage of hiring a virtual assistant instead of hiring a regular office worker is that it comes out cheaper for the company.

  13. Jack Thompson says:

    Impressive notice about search engines. I’m frankly incredibly dumfounded that this has not really been stated earlier to such an extent.

  14. KPO Companies says:

    I think this post is brilliant. Virtual assistance service is something that can help you best. With an exceptional growth opportunity, virtual assistant service helps you in getting online personal assistance service on a much lower cost. This not only helps you in giving a complete edge to your business but also staying updated in the competitive era. This is the reason, it has become hot choice for every growth seeking entrepreneur.

    Best Regards,
    Yolanda

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