Find out if virtual assistant work or freelancing is right for you by exploring the pros and cons of each option with our in-depth analysis.
Are you looking to break into the world of freelance and virtual assistant work? Are you struggling with deciding which way to go? Or maybe you’re already in the industry but want more information so that you can decide whether or not it’s something that will suit your lifestyle. Whatever your reasons, this blog post aims to provide an in-depth analysis of virtual assisting and freelancing, from who should pursue these paths and what their duties might be, to the benefits and drawbacks associated with them. Read on for a comprehensive overview!
When deciding whether virtual assistant or freelancing is the right job for you, it’s important to consider your skill set. Are you comfortable with computers and technology? Do you have experience in customer service? Is your skill set suited to a particular type of task? For example, if you’re great at creating logos or website designs then a freelance job could be a good fit. If however you excel at organizing data and scheduling tasks then a virtual assistant might be more suitable.
What is a Virtual Assistant?
A Virtual Assistant (VA) is a person who provides professional services from a remote location. These tasks may include administrative work, such as scheduling appointments or managing calendars, customer service duties, data entry, and more. Virtual assistants usually work regular hours and are expected to commit long-term. The job description can vary significantly depending on the company they are working for but generally speaking the job involves completing tasks for clients remotely.
How much is the start-up pay for Virtual Assistant?
The start-up pay for virtual assistants varies depending on the company, experience, and type of tasks they perform. According to Payscale, the average starting pay for a Virtual Assistant is Php 176 per hour in the Philippines. However, this number can increase with more specialized tasks and higher levels of experience. Here is what we recommend to our clients.
Less than 1-year experience – $3 per hour
1 to 2 years experience – $4 to $5 per hour
2 to 5 years experience – $6 to $7 per hour
5+ years experience – $8 to $10 per hour
What is Freelancing?
Freelancing is when a person provides services to clients without being an employee of that client’s company. Freelancers are typically self-employed and provide specialized services such as web design, content writing, graphic design, video editing, and many more. Freelancers usually charge their clients an hourly rate or a fixed price for completing a project and may have more flexible working arrangements.
How much is the start-up pay for Freelancing?
The start-up pay for freelancers varies depending on the type of services they provide and the level of experience they possess. Filipino freelancers are reaping the rewards of going independent, with an average monthly income of Php39,000. While half earned below Php30K per month, a significant proportion achieved five-figure earning potential by bringing in more than P50k each month.
Does Virtual Assistants and Freelancers need to pay taxes?
As a freelancer or virtual assistant, it’s important to be aware of the legal obligations to pay tax. Not doing so can have long-term repercussions and even potentially prevent access to housing loans or car loan options in future years. Filing your taxes with the BIR is essential not just for following through on responsible citizenships but also protecting yourself financially down the road – don’t forget that!
Here is the guide to Freelancer tax in the Philippines
Check out these requirements for filling out your tax.
BIR Registration:
- BIR Form 1901
- Any Gov’t issued ID (Birth Cert, Passport, Drivers’ license etc) that shows the Name, Address & Birthdate of the applicant.
- Occupational Tax Receipt
- BIR Form 0605- Payment of registration fee Php 500.00
- BIR Form 1906- Application for Authority to print
- Final & Clear sample of Official receipt
- Columnar Book (2pcs)
In conclusion, virtual assistant and freelancing can be a great way to make money from home. It is an opportunity for those seeking a flexible income, or just an interested individual looking for extra earnings. With so many up-and-coming sites dedicated to offering VAs and freelancers the opportunity to do business online, it’s no surprise that this industry is booming.
This makes virtual assistant and freelancing a great choice for the modern worker looking to break away from the traditional 9-5 job frame. It is a cost-effective and efficient means of expanding your knowledge, specialty, and skill set while simultaneously growing your resume as well as building relationships with clients across the globe.
If you have varying skill sets, seeing if VAs or freelancing is right for you might be an exciting way to jumpstart a business or career then visit Virtualhub.ph for any Virtual Assistance and Freelance vacancies!
