Friday, April 15, 2011

11 Things to Remember Before Starting Your Virtual Assistant Business

There are only two kinds of online businesses: virtual assistance and others.

Just kidding.

Seriously though, what is it with virtual assistance that makes it a great online business?

Well, for one thing, it can do all the task that other online businesses offer. Now, how was that for versatility? Multitasking is in the genes of virtual assistants and who knows what else they can do?

There are rumors of VA’s capable of doing this. Just rumors though.

Aside from virtual assistants’ versatility, putting up a virtual assistant business is cheap with high Return on Investment (ROI).

All you need is a computer set and an internet connection and you’re ready. Just look for clients in the web and presto! You’ll have that six figure income that you keep on dreaming about all night.

Wait a minute. I know you’re now excited t                                                                                           o hear that six figure income, but before that, you might need to consider these 11 things:

1. Decide just what type of services you want to offer, and analyze your background to ensure you have adequate experience.

2. Determine your business niche-consider specializing in just two to three services.

3. Determine how much time and energy you have to commit to your venture. Do you want to work part-time or full-time?

4. Conduct thorough industry research to determine a need for your services in your local area.

5. Outline who your clients are, where they are and how to access them.

6. Do a market analysis. Find out the needs for your niche and focus on how you'll apply that to your business.

7. Know your budgetary constraints-projected expenses, expected income and how long you can "float" until your business is running successfully.

8. Prepare a business plan and review it often to manage growth and change.

9. Examine your equipment, software and work space to ensure they meet client’s needs.

10. Wrap up all legal and financial aspects of start-up before securing your first client.

11. Market your services 24/7. Just because you've built a website or placed an ad in the Yellow Pages doesn't mean clients will come knocking on your door.


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