Podcast: Monday Musings: Your VA Business Profit Margin
In this episode, Kiri discusses the profit margin you can have in your VA business. She talks about the importance between saying what you make versus taking expenses into account as well. Kiri talks about her one year where she made the biggest mistakes and did not make as much money as she hoped due to her high expenses.
Our members give their feedback on this, including:
-Packages vs. hourly rates
-Losing value in an hourly rate
-Why staying at an hourly rate may work for you
-The Profit First Method
This episode provided important insight into how much you can make in a VA business with low overhead and how increasing your rates definitely lands you with a greater profit.
Like the podcast? Want more with me and your peers? The AVA is now open for membership! We’re at associationofvas.com. We’d also love for you to share! You can tag us at @associationofvas on social media. If you’re a virtual assistant who wants to be featured in our guest interviews, simply fill out the application on our page. Until next time, stay organized and professional!