Virtual assistants run their own business from home, support their own clients and are their own boss, it all sounds like the dream package. So just how much can they really make?
A virtual assistant can make on average between £24,000 and £48,000 depending on the number of clients they provide services to. In some cases, virtual assistants can make upwards of £100,000.
The potential earnings of a virtual assistant can vary a lot, this is mainly down to the number of clients a virtual assistant supports and whether they have a specialist skillset.
How a full-time virtual assistant can achieve these earnings:
- £24,000: Can be achieved by delivering 30 hours of support per week.
- £48,000: Can be achieved by supporting 12 clients with an average working week of 38.5 hours.
- £100,000 upwards: Can be achieved by 24 clients with an average working week of 38.5 hours and ‘insourcing’ work to other virtual assistants (this is unique to SmartPA).
At SmartPA, we have over 300 virtual assistants globally. Here is an example of how one of our SmartPAs achieves an average annual turnover of £60,000:
Average number of hours per week: 50 hours
Number of hours insourced to other SmartPAs: Currently insource around 20 hours a month
“This includes business development, I tend to work 7am to 4pm then work a couple of hours in evening if required and perhaps 4 or 5 hours over weekend. I do have regular breaks I don’t work 9 hours solid – I often fit a nap in too”.
Monthly Client Packages:
1 Client @ 30 hours
1 Client @ 20 hours
1 Client @ 10 hours
1 Client @ 70 hours
Here is an example of how one of our SmartPAs achieves an average annual turnover of £24,000:
Average number of hours per week: 19 to 25
1 Client @ £250/ month
1 Client @ £500/ month
1 Client @ £750/ month + approximately
£800-£1500 in excess support per month