HireYourVirtualAssistant.com

Earning a profit is your main business goal; your profits depend on your earnings, continuous promotion of services, network building, and deal closing.

When your business starts to grow, daily activity in running the business gets spent answering phone calls, booking orders, filling up invoices, filing all types of information and all other related paper work. Hence, keeping track of marketing strategies, business development and earnings gets out of your focus and attention. You will end up with a pile of tasks and details that just brings everything else in your life to a stand still.

work stress - too much ToDos

Using the traditional approach

As a response to this pile up of tasks important to keep your business going, at first you might decide to use the traditional solution of hiring employees to do all the paper work and customer support. The employee you hire then reports to work 8 hours a day, Monday to Friday; you must first have in place all the necessary office equipment and furniture– which becomes an expense on your part. At the end of the day, the employee stops working, and your office closes for the night. All the needed work is restarted on the next business day.

This traditional business approach automatically limits your business operations to the hours the business is open for the day. At the end of the work day, all work ceases, while you, the business owner continues to think, plan and work on other details to keep the business going and ready for the next work day. If you need assistance from an employee you will have to pay for overtime work.

Virtual Assistant - The Fortune 500 way

The Virtual Assistant solution – fortune 500 approach

Traditionally, only Fortune 500 companies hired virtual assistants. This was necessary for them due to the global reach of their business. Today, current technology has shrunk the world and allows even small businesses and professionals to offer their services across time zones. The opportunity to hire virtual assistants is now available to small business owners like you.

Like traditional employees, a virtual assistant does the needed tasks any business requires to run efficiently. The marked differences between a virtual assistant and a traditional employee, has advantages small business owners can maximize.

3 Significant Advantages your business will benefit from when you hire a Virtual Assistant

1. The virtual assistant is responsible for providing the necessary equipment needed to carry out the tasks that they are assigned.
2. Your business can operate 24/7 since the virtual assistant can be in another time zone. When your business closes for the night, the VA can continue working in another time zone. Time zone barrier ceases to limit your business operation.
3. Wages are set based on the virtual assistants’ preferences and you will be able to negotiate a cost efficient wage. The VAs you choose will give you a cost efficient wage structure for the task your business needs to get done.

The Virtual Assistant you hire will work on all the tasks than can be assigned to a traditional employee. Your virtual assistant can take care of all the needed paper work to keep your business running. Now, you can hire a specialist to assist you in improving and implementing the business development plans you need to extend your market reach. You will be able to hire professionals to assist you in developing your product and streamline services.

This in turn will allow you to then focus on increasing earnings and making a profit. Most of all, you get your life back and then will be able to enjoy and benefit from the profits your business will bring to you.

Would you hire a Virtual Assistant? Why or Why Not?

I currently use virtual assistants myself and as a matter of fact, you too can hire a virtual assistant and implement this Fortune 500 approach for your business. Give this a thought and take time to leave your comments or suggestions on my blog. I will like you hear what you have to say.

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Business as usual or the new ways of doing things

As an entrepreneur, you need to determine the number of employees required for your business and how much it will cost you to retain them on a full-time basis. If not done properly, you might experience some capital restraints which in turn might prevent you from being able to grow your business. The more successful your business, the more administrative tasks you will have; the more time you spend on such tasks, the less time you have to engage in business activities that generate income. Hiring a Virtual Assistant is an obvious solution to your staffing problems; you can avoid having to pay expensive employee taxes and benefits. No need to look for or rent additional office space for your employees. By means of a virtual assistant, you get the advantages of professional support and also get to reduce your overhead costs.

What is a Virtual Assistant (VA)? Why Choose a VA from the Philippines?

A Virtual Assistant is an independent contractor who provides proficient administrative, technical, or creative assistance to clients without having to be physically present in the client’s office. Hiring a Virtual Assistant from the Philippines make a perfect sense since Filipinos are hard workers and have an impeccable work ethic compared to other international VAs. You can find quality but less expensive workforce from the Philippines. Aside from skills, they value competence and are well versed in both spoken and written English. English language is the primary means of communication in the Philippines.

Virtual Assistant VS Full time staff

Outsourcing your company’s administrative tasks to a virtual assistant is a wise decision because of the cost savings compared to traditional employees. When hiring full-time employees you will have to consider wages, insurance benefits, health benefits, vacation pay, office equipments, office space and training. Employee benefits are one of the biggest cash drains on business. By hiring VAs, you will reduce employee turnover, reduce training costs, increase productivity and increase the bottom line of your business.

Virtual Assistants from Philippines VS Other countries (such as India and China)

Ideally, you will want to hire virtual assistants who speak English as their first language compared to those who speak English but it’s not their main language. This causes language barriers, poor comprehension, accents and communication gaps.

Philippine is known in the outsourcing industry as the “go to” country for the one of the best talent pools to meet the ever growing outsourcing needs of entrepreneurs globally. In fact there are US based companies who have opted to build institution in the Philippines and have chosen Filipinos to run their business. Filipinos are more fluent in English compared to other countries like India and China. Philippines is known for having people who value work, can easily comprehend instructions, can work lengthy hours at an affordable price and deliver results.

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I am glad to announce our new Plant a Tree campaign! We are going green and have decided to do our part to help stop global warming by planting 5 new trees every time we sign up a new client

I am glad to announce the latest testimonial from one of our Note Buyer clients on how he has been able to use our Virtual Assistant services and get favorable results. He likes our services so much that he willingly gave us a testimonial. Please check it out!

I am glad to announce the availabity of our lastest Case Study titled “How Virtual Assistants can help Note Buyers get direct access to Sellers of Non-Performing Notes”. It explains in detail how note buyers interested in buying bulk nonperforming notes can hire our Virtual Assistants in order to get them direct assess to the asset managers responsible for the sale of such products at various lending institutions. Also, the Case Study highlights how our Virtual Assistants can help note buyers in performing preliminary due diligence and property valuation.

Non-Performing Notes, What are they?

Non-Performing notes (NPNs) are accounts of borrowers which have been classified as distressed assets by banks. A perfect example is an overdue mortgage loan that is not producing income because the borrower no longer makes monthly payments. As a result of this, banks through their asset managers sell these notes in bulk to Note Buyers.

The hard to find Asset Managers

Most banks employ tons of gate-keepers that note buyers have to try really hard to get through to the right asset managers. Also, asset managers are often very busy and at times not available immediately to take calls from note buyers, hence regular follow-up is necessary, which in itself can be a time consuming and painstaking process.

Bad Note Brokers and their daisy chains!

Asset managers sometimes give their NPNs to Note Brokers to market them to note buyers. Well that’s an ideal situation; the reality is that most note brokers claim to have access to NPNs but really don’t and they are usually part of a long line of other note brokers making the same claims. A bad note broker is a real time waster because note buyers will spend time dealing with all parties involved in the transaction only to find out at the last minute that the note broker never really had access to any NPNs or a real asset manager in the first place.

The cure! Virtual Assistants = direct access to Asset Managers

Virtual Assistants (VAs) play a vital role in the businesses of note buyers and they have all the time in the day to spend clearing past the bank’s gate-keepers in order to get through to the asset managers responsible for the sale of NPNs in bulk. There are also a lot of tasks that note buyers can delegate to VAs; one of such tasks is for a VA to make sure that the NPNs for sale by the banks are still managed by the asset managers and have not been handed off to note brokers. VAs also makes sure that the assets managers are indeed the decision maker before introducing them to note buyers.

Researching Property Values; Highest and Best use of a Virtual Assistant

As soon as the NPNs have been forwarded to note buyers by asset managers, they can then scrub out sensitive information on the borrowers and send only the addresses of the properties to the VAs. The VAs can immediately assist the note buyers by getting additional information such as the property values. Values are diligently and carefully researched in such a way that only values of comparable properties within a 0.5 mile radius of the property and less than 6 months transaction history is obtained. Hence, note buyers are assured that the values obtained are recent and accurate. VAs make use of several real estate websites to extract the most recent data. VAs can also create Google and Bing maps showing all the pertinent information about each property in one click of the mouse as well as the aerial and/or a street level view.

Note Buyer + Virtual Assistant = constant Deal Flow!

Banks are affected by the ongoing financial crisis, as a result, many banks have failed or either filed bankruptcy. This situation presents a profitable opportunity for note buyers who are ready to take charge and play a vital role in turning frozen distressed assets into income for banks, hence creating a win-win situation for all parties involved. By buying in bulk, these assets can be bought at a fairly huge discount. With the help of VAs, note buyers will get direct access to the bank’s asset managers responsible for the sale of NPNs in bulk, and also will get the necessary researched information on the value of each property that will allow them to make better buying decisions quickly.

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Most successful Real Estate Agents know that creating systems for every process in their businesses allows them to be more effective and efficient at delivering the necessary solutions that their clients desire. Systems once created free up time for you to concentrate on income producing tasks; hence the need for you to hire a Virtual Assistant (VA) to help simplify your life. Here are 7 ways a VA can help with your daily time consuming tasks.

1.      Administrative work

VAs will assist you in your day-to-day administrative tasks such as sending faxes, setting up and confirming appointments and much more. Once a system is created to handle an administrative task, it can then be handed over to the VA.

2.      Telemarketing

Most agents dread making cold calls to leads; you can have your VA use specific scripts and make the initial calls. You can then take over the conversation with leads once they have been converted to warm prospects.

3.      Internet marketing

VAs are able to perform several internet marketing tasks such as; posting to your real estate blogs, maintaining your online social media profiles, creating viral videos, writing articles and so on.

4.      Database Management

VAs can maintain lead data and help store the information in a database. They can search the data, run custom queries on them and easily provide you with the reports on the data when needed.

5.      Bookkeeping

VAs can help prepare records of your financial transactions, check the accuracy of figures and calculations. They can also do preliminary audits of your books before handing them over to your accountant.

6.      Marketing Analysis on the Multiple Listing Service (MLS)

VAs can conduct preliminary marketing research on the MLS by helping you prepare Comparable Market Analysis (CMAs) which you can then give to your clients and/or customers.

7.      Marketing Campaigns

VAs can help you set up marketing campaigns to sell the listings you have such as; creating and mailing flyers, set up Interactive Voice Response (IVR) systems to give property specific information to prospective buyers and sellers, prepare the necessary information and pictures for properties you plan on listing on the MLS and much more.

In summary the possibilities are endless. A Virtual Assistant can help a Real Estate Agent become more efficient and effective overall. All you need to do is spend the time creating a system and then hand it over to them to execute the task.

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Hiring a Virtual Assistant can add value and save you time and money. There are a lot of them on the internet, but only a few can deliver effective and efficient results. Getting the right Virtual Assistant can be a challenge, so listed below are some of tips on how to search for a reliable Virtual Assistant to outsource your business tasks to.

Look for a Virtual Assistant with multiple skill sets

Aside from the basic skills, try to find a Virtual Assistant that has other useful skills. Determine their ability to proofread, type fast, compose articles, use necessary business software such as Excel, engage in Social Media marketing and so on. The aim here is to discover what other hidden assets the Virtual Assistant might have that can be applied to improve your overall business.

Look for a Virtual Assistant that can communicate fluently in English

Conduct several interviews over the phone and correspond a few times by email to test their ability to speak English fluently and write with little or no grammatical errors. Your ability to communicate effectively with a Virtual Assistant makes it easier to work together, so ensure you have good communication.

Look for a Virtual Assistant that has the right tools for the job

Make sure the Virtual Assistant has the updated software programs and other tools needed to complete your tasks. They must have a clear understanding of how to use them in order to ensure timely delivery of positive results. On the other hand if they do not have the necessary tools but are adaptable and willing to learn, then you can consider providing them.

Look for a Virtual Assistant that is working with a Business Process Outsourcing company

Try to find a Virtual Assistant that works with a Business Process Outsourcing (BPO) company rather than one that works as a solo online entrepreneur, this is because most BPO outfits have quality assurance measures in place to guarantee the services that their Virtual Assistants provide to you so that you get the most value for your money spent.

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Virtual Assistants are Independent Contractors and do not go through the same employment procedures that a full-time employee would have to undergo; rather you just pay them for services rendered.  Certain formalities are still necessary to engage a Virtual Assistant, such as; a contract has to be signed by both parties which lists in detail each party’s responsibilities and expectations, also a reliable means of communication has to be established from the onset. Beyond these formalities, hiring a virtual assistant is much easier than hiring an employee.

Virtual Assistants pay their own taxes and benefits

The primary advantage is that you don’t need to pay taxes or create a benefits package for the Virtual Assistant. Since they are independent contractors, they are solely responsible for their own taxes and benefits. You don’t have to worry about payrolls, pensions, or other benefits such as medical insurance etc. It’s more cost effective than hiring a full time employee.

Virtual assistants are more dedicated and committed to their quality of work

Virtual Assistants derive their income by being very productive and delivering value to their clients.  They provide administrative support which in turn frees up your time to focus on the activities that bring in the most income for your business. Virtual Assistants understand that their revenue is totally dependent on the positive execution of their tasks unlike full-time employees who get paid a salary sometimes times regardless of their effort.

Virtual Assistants use their own office supplies and equipments

Most Virtual Assistants work from their homes thereby using their own office equipment, you don’t have to pay for office supplies,. Virtual Assistants shoulder such expenses. They have personal equipments such as; computers, printers, faxes and so on to use to provide services to you hence you don’t have to deal with buying or the maintenance of any such equipment.

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Hi everyone, welcome to our blog where you will find useful information on how to Hire a Virtual Assistant for your Business Process Outsourcing needs. We will try our best to always deliver exceptional content. I guarantee it!