When you’re going to be running a virtual assistant business – particularly if you are just getting started with running a business of your own – one of the most important things that you can do is to set the right price for the services that you offer. So how should you go about setting prices for your VA business? Here are a few points to get you started.

1. Look at how much time different projects are going to take and set a value for that time.
2. Look at the cost of the office supplies and tools that you’re going to need in order to run your virtual assistant business effectively and consider those costs.
3. Look at the costs associated with marketing your business
4. Look at the costs of the space where you are working from – even if they are a percentage of your monthly rent or mortgage payment.
5. Look at the costs associated with utilities that you’ll be using for your business.
6. Take into consideration the costs associated with paying taxes for your business.
7. Look at the costs of ongoing education that you’ll need to ensure the success of your business.

By taking the time to look at all of your business costs, you’ll have a better sense of your break even point and what sort of income you’re going to need in order to not just meet your expenses but also to turn a profit while you’re running your VA business.

This entry was posted on Sunday, May 25th, 2008 at 11:51 am and is filed under Running a VA Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.