Virtual Assistants Save Money & Increase Revenue
We wouldn’t think it was such a good business model if it didn’t work for our own businesses in the first place. We test every single thing we do on ourselves first. If it makes sense to us, we know it’ll make sense to you.
“You must spend money to make money“
Plautus
He wasn’t wrong. But we need to get this exactly right if we’re to be successful.
In the hard world of bootstrapping entrepreneurship, we’re often focused pretty tightly on the bottom line. If you work in Vancouver or Toronto, for example, you know exactly how expensive it is to both work and live in the city. We know that too some of us live in Vancouver. We’re proudly cheap as all get out. But being cheap correctly means going deep.
Spending money to make money means making enough money to make it more than worthwhile.
A virtual assistant usually comes with zero infrastructure costs. You don’t pay for office space, equipment, or other overhead that can eat into your profit or worse yet, your line of credit.
With all the annoying, low-value tasks off of your desk, you can focus on the higher value tasks. If you trade all that low value time for high value time, what happens? You make money.
Here’s an example (costs are not exact but they are realistic):
Pierce is a business owner. He spends 25 hours a week developing his business and working on the stuff he really likes. This earns his business about $4,615 every week.
Pierce also spends 30 hours a week following up on information that’s outstanding, booking appointments, creating invoices, bookkeeping, and more.
Pierce hires Annie, a virtual assistant. She completes the tasks in 15 hours per week because she’s a pro and costs $750 per week.
Pierce now works 40 hours a week instead of 55, but only focuses on revenue-growing tasks. He increases his revenue by $2,769 per week and pays Annie $750, netting $2,019 more in revenue every week.
Pierce’s revenue (minus Annie) is now $6,634, a 43% increase, and works 15 hours less per week.
Sound like a good idea? We know!
If you’ve decided that a virtual assistant makes sense for your business, what’s next?
At Admin Slayer, it’s important to us that the process is as painless as possible for you. We want you out there, building your business and driving revenue, not gazing at your belly button and determining what it all means.
However, a small amount of navel gazing is required as a key to moving ahead.
We’ve never seen our belly button before. It might be important.
Here’s the first step:
Get Clear On What You Actually Want & Need
Sounds easy, doesn’t it?
You could probably list a dozen things you’d like to delegate to someone else right now.
Oh wait, though: why aren’t you getting the results you want?
There are secrets to delegation. Getting clear is the very first one.
We know how to do that (if we didn’t, we’d be pretty seriously bunk at this whole thing).