| Virtual Assistant Contracts are an important part of | | | | what your hourly rate is, billing increments and any |
| running a successful home business. | | | | minimum time requirements and advanced payments |
| Before you start a virtual assistant business, you want | | | | you require. |
| to give some thought to your terms of service and the | | | | Per Project Contracts - If you are working for a client |
| contracts you will use. A legal contract will ensure both | | | | on a specific project, particularly a one-time project, a |
| you and your client have the same expectations of | | | | per project contract can be a good choice. It should |
| the work you will do and the compensation you will | | | | define the scope of the work, estimate of the time to |
| receive. Even if you are working for a family member | | | | finish the project, estimated costs and any payment |
| or friend, a good contract can prevent | | | | terms you have in advance. |
| misunderstandings and hard feelings down the road. | | | | Retainer Contracts - Many Virtual Assistants prefer to |
| There are several types of virtual assistant contracts | | | | establish a long-term relationship with a client and bill |
| you can choose from and what you decide to use will | | | | them monthly in advance with a retainer agreement. |
| depend on the types of services you offer as a VA. | | | | This type of contract needs to clearly define the type |
| Once you determine your services and your target | | | | of services you can provide and the number of hours |
| market, you will design your business contracts to | | | | you will be available for that client during the time |
| describe the work you will perform in detail, as well as | | | | period of the contract. These retainer agreements are |
| your terms of service and compensation rates. | | | | beneficial for the VA because they provide a |
| Some virtual assistants prefer to work only on retainer, | | | | predictable stream of income. It is also beneficial for |
| while others use short-term and long-term contracts | | | | the client because they know you will be available to |
| depending upon the client and their needs. You need to | | | | work for them for a determined number of hours, |
| think about what services you want to provide and | | | | usually at a discounted rate, without the worry you will |
| what terms are best for those types of services. A | | | | be too busy working for someone else when they |
| virtual assistant who offers web design and on-going | | | | need you. |
| site maintenance may prefer a long-term contract. A | | | | Virtual assistant contracts are necessary to ensure |
| VA who offers general administrative services may | | | | that everyone is happy and covered in the event of |
| find an hourly contract for some services fine. There | | | | any conflict. Written agreements are an important part |
| are many virtual assistant contracts to choose from | | | | of doing business and are just as important for a |
| once you determine what is right for you and your | | | | home based business. It is important that all aspects of |
| clients. | | | | the work you will perform be clear to both parties and |
| Here are the 3 typical contracts Virtual Assistants use: | | | | the proper forms signed before beginning work. |
| Hourly - For clients who need you once or with | | | | Fortunately there are contracts that have been |
| occasional work they prefer to outsource, the hourly | | | | created for those who want to become a virtual |
| contract can be all you need. It should clearly state | | | | assistant. |