What Virtual Assistant Rates Can You Expect in 2023?
Wanting to know common virtual assistant rates?
In general, virtual assistant rates vary between $3 per hour up to $20+ per hour.
My name is Connor Gillivan. I’m an entrepreneur and I’ve been hiring virtual assistants for the past 10 years. I’ve hired 100s of VAs for scaling my companies to 6, 7, and 8 figures with an exit in 2019.
When I first started hiring VAs, I too wondered:
How much does a virtual assistant cost?
What virtual assistant rates should I expect to pay?
In this article, we’ll dive into everything you need to know about virtual assistants and the rates associated with them.
Here’s what we’ll cover:
- The Rise of Virtual Assistants
- What Services Do Virtual Assistants Offer?
- What Virtual Assistant Rates You Can Expect
- Factors Influencing Virtual Assistant Rates
- How to Negotiate a Good Rate with a Virtual Assistant
- Is Hiring a Virtual Assistant Worth It?
The Rise of Virtual Assistants
The demand for virtual assistants has grown rapidly in recent years.
According to the Bureau of Labour Statistics, the number of virtual assistants in the United States alone has increased by an average of 10% every year since 2016.
The growth rate is expected to continue over the next decade, with virtual assistants becoming increasingly more sought-after and in-demand.
The rise of virtual assistants is due to the increasing need for businesses to streamline their operations and reduce costs.
Virtual assistants can provide a range of services, from customer service and data entry to more complex tasks such as scheduling and project management.
They can also be used to automate mundane tasks, freeing up time for employees to focus on more important tasks.
The 2020 pandemic also caused more business owners to look for remote talent, instead of only being focused on talent that could work in a local office.
Needless to say, virtual assistants are on the rise and it’s important to learn how to incorporate them into your business.
What Services Do Virtual Assistants Offer?
The range of services that are offered by virtual assistants is vast and varied, but certainly not limited.
They can be hired for:
- administrative support
- customer service
- technical support
- project management
- sales support
- data entry
- online research
- content management
They can also provide creative services, such as:
- web design
- logo design
- video editing
- graphic design.
Finally, virtual assistants can also handle:
- virtual event planning
- social media management
- virtual bookkeeping
- virtual receptionist services
- scheduling appointments
- managing calendars
- creating reports.
With the right virtual assistant, businesses can save time and money while still getting the help they need.
What Virtual Assistant Rates You Can Expect
As the demand for virtual assistants increases, so too do the rates they charge.
According to data compiled by virtual assistant companies, the average hourly rate for a virtual assistant in the United States is currently $22 per hour. But you can find VAs in the US starting at $15 per hour.
This rate is expected to increase significantly over the next few years and could reach as high as $35 per hour by 2023.
For virtual assistants in countries like the Philippines and India, the average hourly rate for a virtual assistant is currently $7 per hour. But you can find VAs between $3 and $20 per hour.
The demand for virtual assistants is driven by the need for businesses to outsource certain tasks to save time and money.
And as we listed above, virtual assistants can provide a wide range of services, from administrative tasks to customer service and more.
As businesses become more aware of the benefits of using virtual assistants, the demand for these services is expected to continue to grow.
Factors Influencing Virtual Assistant Rates
The rate a virtual assistant charges for their services will depend on a variety of factors:
- experience level
- skill set
- the complexity of the services being provided
- the amount of time required to complete the task
- the geographical location of the client
Virtual assistants with more experience and specialized skills will tend to charge higher rates than those who are just starting out.
In addition, the type of services being provided can also affect the rate.
For example, virtual assistants who provide administrative services such as data entry, scheduling, and customer service may charge lower rates than those who provide more specialized services such as web design, graphic design, or software development.
Furthermore, virtual assistants who are able to provide services on a short-term or project basis may also be able to negotiate lower rates than those who are hired for long-term contracts.
How to Negotiate a Good Rate with a Virtual Assistant
When negotiating rates with a virtual assistant, it’s important to be upfront about your budget and expectations.
Be sure to ask questions about the services they provide and what types of tasks they are comfortable with completing.
If there are certain tasks you require that they are not comfortable with, ask if they can recommend someone who may be able to help.
Don’t be afraid to negotiate on price as most virtual assistants are willing to work with you on their price. Just make sure to be respectful and not negotiate too low to where it offends the virtual assistant.
Also, consider the virtual assistant’s experience and qualifications when negotiating a rate.
Ask for references and look for reviews online to ensure that the virtual assistant is reliable and trustworthy.
Additionally, make sure to discuss payment terms and any additional fees that may be associated with the services. This will help you to avoid any surprises down the line.
Conclusion: Is Hiring a Virtual Assistant Worth It?
Hiring a virtual assistant can be a great way to increase productivity and reduce costs associated with additional office staff or third-party vendors.
However, it’s important to find the right person for the job as this will ensure that you get the best results possible.
With the right person in place and an understanding of best practices when working with a virtual assistant, hiring a virtual assistant can be well worth it.
When considering hiring a virtual assistant, it is important to consider the cost of the service, the skillset of the virtual assistant, and the amount of time and effort that will be required to manage the relationship.
What is Outsource School?
Outsource School is a hiring system that has helped 1,000+ students hire 2,000+ virtual assistants and freelancers.
Outsource School teaches you how to interview, onboard, train, and manage virtual assistants for your business.
You also gain access to Outsource School’s private community, Monthly Coaching Calls, and on-demand support from Outsource School’s founders.
If you need some more advice regarding VA rates, here’s a video which could give you a simple rundown of How Virtual Assistants Rate Themselves: