How To Calculate Your Fees
Many Virtual Assistants struggle needlessly in their business or limit their opportunities for growth because they don’t charge enough for their services. Don’t let this happen to you!
There is a simple formula you can use to calculate your fees that ensures you are:
- Compensating yourself adequately
- Covering ALL of your expenses
- In control of your business’ financial affairs
If you decide to start a Virtual Assistant business as a means of making a living (who of us didn’t??) then don’t shoot yourself in the foot by giving away your time for free and turning your business into non-profit organization.
And DON’T think that your clients have the right to dictate or negotiate your fees …. they don’t. YOU are the business owner, YOU provide the services and YOU get to decide how much your time is worth.
Check out the post my coach, Stacy Brice, wrote on topic and leave your comments, questions, and feedback below:
http://www.virtualmoxie.com/2008/10/are-you-impover.html
(FYI, this is the very formula she shared with me almost two years ago that helped to propel me six-figure status last year!)
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Hi. This article was very helpful. I have a lot of work to do in fiquring out my hourly rate. I just always throught $25.00 was the hrly rate, but after reading this article $84.00 smh. Back to the drawing board for me. Thanks.
I’m so glad you found the article helpful Sharon. Your rate is definitely NOT something you should “pull out of a hat”. Make sure you’re charging what your time is worth and that it’s enough to cover your expenses AND generate a profit! 🙂