Saturday, July 11, 2009

Rates and knowing how long it takes to do a task

These are things to think about when you begin to set your rates:

What rates are being charged in your area/location, what rates are being charged around the country, check out Durban, Cape Town and Joburg.
Check with other VAs what their rates are, some VAs will be open with you about rates some not, dont take that to heart, that is just the way some VAs are and after all we are competition to each other. Look towards the older established VAs for this info, they will be more helpful.
Know what amount you would like to earn at the end of the month and work your rates towards that point, know what your monthly expenses are.
Know what hourly rate you will charge.
Have all your services you are going to offer ready with rates before that first client calls. I work from a basic rate for each services then look at each job individually and price accordingly depending on what is involved against my basic rate.
It is important to know how long a job will take you, know how long it takes you to do transcription and typing, time doing a data entry on a few basic pieces of info. Time how long it takes to type a page, statistics are always helpful when doing quotations. Time how long it takes you to transcribe 10 minutes of transcription.
Know if you can meet your deadlines, you will have interruptions during the day, the phone rings, callers visit. Always add interruption time to your overall time. Always include this little bit of extra time in each job. If you have no interrruptions when doing a particular job all well and good, its always good to finish way ahead of a deadline. Just know your time limits.

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