The Common Business Models for Virtual Assistants

When setting up your virtual assistant business, there are a few different business models from which you can choose.

Solo Virtual Assistant

This is by far the most popular model most virtual assistant chooses to begin with. You set up your business to work as a ‘one-man band’ and charge clients for your time.

Obviously, there are only a certain number of hours you can work, so you need to consider what you will do when you are reach full capacity. Plus, you need to make contingency plans for times when you are ill, or are on holiday, or when emergencies arise.

Partnership

This is two or more people working together to run one virtual assistant business. It is a great option, as it allows you to offer different skills and experiences to create a full-service company for your clients.

You are also covered in emergencies, as there is more than one of you. But, there may be differences of opinion when it comes to running the company, short- and long-term goals, vision, direction, etc.

Sub-contracting

This is a great option for both the solo virtual assistant and partnership models, as you can sub-contract work to other experienced virtual assistants.

You can build a team of professionals that you can call upon when you have too much work or if you are asked to quote for work for which you do not have the necessary skills.

VA Business Licence/Franchise

This is where you buy into an existing Virtual Assistant business and benefit from the hard work they have put in when building their brand. This is a great option if you do not want to build your own business from scratch, but do want to be your own boss.

So, which option is right for you?

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