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Old 12-24-2007
the24hoursecretary the24hoursecretary is offline
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Company name: The 24 Hour Secretary
 
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Default Re: What Is a Virtual Assistant?
Hello,

While a nicely written article, I believe it continues to perputrate a misconception about virtual assistants compensation by classifying "generally" that VAs who provide admin services charge within the $15-$25 range. I'm not sure where this generality comes from, but based on economics alone, it is difficult for a business owner to sustain a profitable business charging these rates. Individuals charging within this range often continue to maintain the employer/employee mentality and associated compensation expectations, and within 5 years are out of business. The above is not meant to hurt feelings or set rates, but instead offer documented info from the US Census Bureau about life expectency of startup businesses and setting rates.

Skilled and executive VAs or those with office manager or higher credentials and provide general admin services, bill higher than the quoted range, because they are experts in providing word processing, editing, proofreading, document creation, scheduling, event management, file organization and other similar tasks. To me, it is inappropriate to assume "rates" and categorize which type and level of services fit into which category, when "generally" speaking, inexperienced and new VAs entering the industry tend to charge lower rates -- due to their prior employment compensation history -- not the true value of their experience, experitse and market share.

Experienced VAs value their offerings at a higher rate because they understand supply/demand, know how to factor compensation schedules, and even though generalists, bring added value to their offerings, which in tern requires higher compensation. So, if this article is written based on evaluating new or inexperienced VAs, than it may be accurate, (and should include a qualifying statement); but if written based on evaluating the industry as a whole, which consists of VAs with office manager and higher experience, I tend to disagree with the blanket statement of what a generalist charges. It is truly inaccurate and perputrates an industry-impacting misconception that is difficult to combat with the potential to depress earning potential.

That's just my opinion,
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