A big part of running a virtual assistance firm is trading time for money. In fact, for many virtual assistants, this is all they will do. If you aren’t implementing other opportunities (passive revenue, affiliate revenue, etc.) you will eventually cap out on what you can earn.
In order to diversify your offerings and earn more (without working more), you may need to consider expanding your virtual assistance practice to one that includes more people than just yourself.
Leveraging other virtual assistants can be done by bringing them on to your team to help with the client load or to offer services that you currently do not offer. When you bring on new team members, you want to make sure that their rates are lower than yours so that profit is made whenever they do work for your clients.
When diversifying your service offerings, you want to consider adding things you do not yet do. For example, if you do not offer social media, you may want to bring on a virtual assistant who is well versed in this so that you can offer that as a service.
When it comes to simply getting their assistance with the client workload, you want to bring on people who have various skills that will be helpful to you and your clients.
You can find your team members on social media or by placing RFPs through any of the major virtual assistance organization websites.
We’ll dive more into this subject but for now, review the posts we have on Multi-VA Businesses!