How Much Does Hiring A Virtual Assistant Really Cost?


01 April 2019


Virtual Assistant

Are you on the lookout for a virtual assistant?

Do you know what a virtual assistant is?

What kind of work can virtual assistants do? And;

Most importantly, do you know how much you should pay one?

If you are one of those individuals who is impressed by new technology improving lives, then this article is for you. The human race is moving towards advancement at a rapid pace. Every day, innovations in technology and software are making human existence convenient, efficient and cost-effective.

In this article, we talk about ‘Virtual Assistants’, and how in2019, they are going to change lives for the better. With a virtual assistant, you can sit back, relax, and see increased productivity in your business or for your brand.

What is a Virtual Assistant?

A virtual assistant does all kinds of work for you- finance, tech related, support, follow up, etc. from a remote location. Many brands and business owners hire virtual assistants to ease their workload and help provide better services to clients in various geographical locations around the world.

Virtual assistants help you do routine everyday tasks that could help senior management think of doing more important things for the brand. Think of social media postings, or writing Newsletters, or preparing reports.

Geographically, or physically, they would not be sitting in your office. However, they will still be a very important part of your business. Virtual assistants are ideal for both start-ups as well as established brands as there are many benefits attached to hiring them.

Benefits of Hiring Virtual Assistants:

To start with, virtual assistants save a lot of time, money, and effort for your business. Think of all the important things you can do if you do not have to devote your valuable time towards doing everyday routine work.

Many experts also save tons of money by hiring virtual assistants. This is not to say that virtual assistants are cheap because they do sub-standard work. No, in fact, it is quite the opposite. Virtual assistants are highly capable, efficient, and add real value to your business.

This helps the scalability of your business, and allow your office real estate (office overheads) to be devoted to assets that you would want to prioritize for your business presently. In our experience, we have seen virtual assistants offer better professionalism and are more devoted to their tasks than even regular employees are.

Virtual Assistants: The Final Word:

Before hiring, a virtual assistant for your business or brand is sure to check the credentials of the people or company that you are outsourcing the work. It would be a good idea to ask them for identification and previous work sample, before signing them.

You can either work with an individual virtual assistant or opt for one of the expert virtual assistant companies. You can hire virtual assistants from some big companies who offer these services at reasonable prices.

They also provide them with rigorous training and impart professionalism so that they are effective at their work. It is always better to hire virtual assistants through companies, which offer them. You will always be at peace, knowing that you have signed a real and genuine deal, and would not be taken for a ride.

Many people, brands, other corporate entities ask us about some of the roles that virtual assistants can fulfill. We respond to them by asking them- what cant virtual assistants do! The key is not to work hard, but work smart. Start doing well for your brand, go out and hire a virtual assistant for your business.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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VAVE Cost Reduction in Business – Its Importance & Benefits

VAVE stands for Value Analysis and Value Engineering. This is actually the method of eliminating costs in any process development process.But from where this engineering comes in, or what are its major roles? Actually, the regularly increasing price and cost pressure are encouraging product development towards innovative options.Now, businesses are also searching for ways they can improve their process and reduce unwanted costs through the help of value analysis. Let’s discuss this below in detail.  What Is VAVE? - All You Need To KnowValue Analysis and Value Engineering ( VAVE or VA/VE) is a problem-solving methodology that uses two effective processes for optimizing the value of goods or services.Value Engineering is sometimes used as a synonym of Value Management, and both promote the planning and delivery of projects.The rewards of Value Engineering can extend to supply chain improvements; it enhances revenue and increased manufacturing efficiency. Moreover, this engineering is sometimes taught within architecture, industrial engineering, or project management.This analysis varies from one project to another, and there is no solution that fits all. It also covers many levers for EBITDA improvement: product teardown, product benchmarking, Voice of Customer (VoC), cost of poor quality (COPQ), direct supplier participation voice of the shopfloor (VoS), level of vertical integration, value proposition heat map, competitive landscape, market analysis, etc. Why Is VAVE Important?VAVE is vital for businesses because it helps reduce costs and improve the quality of the products. It also allows the company to increase its effectiveness and efficiency in the long run.VA.VE can also be defined as a tool to improve cost efficiency by evaluating the functionality of a product. The best thing about this analysis is that it reduces unnecessary costs without compromising its efficiency and quality. You can also evaluate your performance and can obtain a clear picture of the components that are not truly important and remove them in order to decrease costs. VAVE BenefitsValue Analysis and Value Engineering (VA/VE) is important as it identifies possible problems and suggests improvements that should be made in the company.Therefore, let’s discuss some of the top benefits of VAVE for your business. Improve design Improve brand image Encourage new ideas  Minimizes costs Maintain high quality  Develops fresh technologies to use new technologiesValue Analysis Vs. Value Engineering - Differences Between Them Value engineering and value analysis play an important role in a business. This analysis simplifies the process, but you must be creative and specific. So, let’s now discuss the difference between this analysis and engineering.Value Analysis Value EngineeringThis implies analyzing existing products This appears during the development of new productsThis is actually a cost reduction before a product that is already in production This is actually a cost reduction of a product before production.  This technique is used to identify the functions of a product and provides them with the lowest cost. This process refers to the design stage. VAVE Cost Reduction Steps You Need To KnowThere are some VAVE cost reduction steps that you need to know and to save your time and effort, we have discussed the same below. i). Prepare For Long Lead Times The first step is to prepare for the long lead times because, in the future, there might be a component shortage that can extend for another year or two.Actually, value refers to the ratio of the function of cost, so you must maximize the value of the product by minimizing the value of the costs.  ii). Optimize Your Bill Of Materials Another way to reduce your costs is to optimize your bill of materials. However, you need a team of experts here to look at your product BOM and optimize it for mass manufacturing.You can generate new ideas for improvement and find great alternatives so that the project can perform the same functions.  iii). Present Improvements It is very important to present improvements to your head. The improvements will help the company in its growth and development. Furthermore, this can improve the sales and revenue of the organization to a great extent. For this, you need to determine the areas of improvement and aim that your team understands the process. iv). Generate New Ideas The last step in VAVE is to generate new ideas for improvement. For this, you must develop new improvement ideas and find great alternatives.You must also identify the primary and secondary functions of the project and determine ways to improve the same. The Final Verdict VAVE is an important term of the cost reduction process of a company. By doing this analysis, a company can understand the useless business practices and how to replace them with new approaches that will bring the desired results. Besides, let me know your doubts in the comment section below if you have any regarding Value Analysis or Value Engineering (VA/VE).Read Also:Guide on Choosing the Right EQMS Solution How Brands Use Net Base for Deep Social Media Analysis Gait Analysis: What It Is, And Why Every Runner Needs One 5 Tips For Transport & Logistics Business Owners Before Investing In Insurance 7 Rules of Effective Ecommerce Web Design

Company registration

Why Registering a Company Online Now Becomes Easier

Are you looking for business opportunities in Singapore? This is an excellent choice because Singapore ranks 2nd in the world, in the ease of doing business. Singapore is also one of the most advanced financial centers in the world, acting as a headquarters for thousands of global brands.The ease of doing business starts right at the beginning stage of registration.  Foreigners can easily register a company in Singapore, as well as get an employment pass. Singapore has outdone other competitors in Asia with entirely paperless business registration. Company registration is done in 1.5 days if the documentation for registration is right. Benefits of Online RegistrationRegister from anywhere in the worldYou don’t have to come to Singapore to register a company. You can submit all the documentation online. Better yet, you can use a company incorporation Singapore service to register your company.  This service is offered by a team of professionals who are conversant with the documentation and procedures required to register a company.AffordablePaperless registration translates into lower costs for registration. Paid-up capital is only SGD 1.00 which is very friendly for small businesses.FastOnline processing has allowed cutting short the duration needed for company registration to 1.5 days.  You can start your business operations within a week after landing in Singapore. Who Can Register a Company in Singapore? Both Singaporean nationals and foreigners are allowed to register private limited companies in Singapore.  Shareholders can be individuals or companies. Singapore is one of the few countries that allow 100% foreign shareholding.  However, bankrupt people and those with criminal backgrounds are not allowed to operate businesses in Singapore.A foreigner who wants to register a company in Singapore should;Have at least one director who is a Singapore resident. This could be a Singapore citizen, or a person holding a permanent resident visa, or someone holding an employment pass. Hire a filing service for company registration. This is a team of professionals, usually lawyers, accountants, or company secretaries. They are familiar with the documentation and procedures needed to register a company correctly and in a short time.What Are the Procedures in Company Registration? Step 1 – Name Approval Companies in Singapore are registered by the Accounting & Corporate Regulatory Authority (ACRA). You should submit at least 3 names for approval.  Guidelines for company names include;No vulgar or offensive wording The name should not already be in use by another entity or be part of another company’s trademark. If the name includes words like bank, media, finance, or educational it shall require further approvals by the bodies regulating these sectors.ACRA reserves the approved name for 60 days, with a further 60 days extension. Step 2 – Document Preparation The required documentation for a private limited company registration includes;The name approved by ACRA Description of a maximum of 2 intended business activities in Singapore The registered office address Singapore or the physical address of the company offices. Consultants can operate from a residential address but must show landlord consent. Particulars of shareholders. Foreign shareholders are required to supply a copy of their passport and proof of residence in their country. Company shareholders must submit a copy of their Articles of Association and Memorandum of Association.Particulars of the Ultimate Beneficial Owners. These are shareholders with more than 25% ownership in any level of shareholding Particulars of directors Particulars of a data protection officer to comply with the requirements of the Personal Data Protection Act 2012 (PDPA) Particulars of the company secretary. This role should be appointed within 6 months of registration. The company secretary can be a filing agent. This is often offered as part of the package in business registration services. Paid-up capital. The initial paid-up capital is SGD 1. This can be increased after registrationKYC documentation Singapore has strict anti-money laundering laws, which require Know-Your-Customer guidelines to be followed when registering a company.  Individuals must show proof of nationality, proof of residence, and describe their professional or entrepreneurial background.  Corporate shareholders must show a Certificate of Incumbency if they are offshore companies registered in places like the Caymans. Step-3 Submitting the Documents ACRA maintains an online portal on which the documentation is submitted for registration. The Certificate of Incorporation is generated electronically within 1.5 days.  But company registration can take as long as 2 months if further approvals are needed from industry regulators. Why Use a Business Registration Service?Get a full corporate kit – You get a package that helps you start operating as soon as possible. This includes the Certificate of Incorporation, Company stamp, Memorandum and articles of Association, and the minutes of the first board meeting. Help in the processing of an employment visa if you want to relocate to Singapore Help in opening a corporate bank accountSingapore is one of the most attractive investment destinations in the world. You get world-class financial services, good infrastructure, and a stable business environment. If you are looking for investment opportunities, work with a business registration service for quick company registration.Read Also:How to Register Your Company in China Fast

Customer Retention and Loyalty through Outsourcing

How To Maximize Customer Retention And Loyalty Through Outsourcing

As businesses expand their ability to grow, customer retention, and stay competitive, outsourcing has become an increasingly popular solution. Outsourcing can help companies focus on their core strengths and reduce costs, which ultimately results in better customer experiences.However, outsourcing is only effective when it's done properly. Maximizing customer retention and loyalty through outsourcing requires a strategic approach that puts the customer first. In this article, we'll explore six strategies for achieving this goal Research The Right Outsourcing PartnerChoosing the right outsourcing partner can be the difference between success and failure throughout customer life cycle stages. When selecting a partner, it's important to consider factors such as experience, expertise, certifications, quality of service, and cultural fit.A partner that understands your customers' needs and values can deliver better results. Look for a provider who has a proven track record with references from current and past clients. Create Consistency In Your Branding While Customer Retention One of the key factors in building loyalty is consistent branding. In today's world, consistency extends beyond logos and colors – it encompasses messaging, tone, and channel strategy. Building loyalty means giving your customers something to believe in and messaging that resonates with them.Ensure that your messaging aligns with your brand values and that the tone is consistent across all channels, including outsourced customer service. Implement Automated Communication Tactics Automation is a powerful tool for keeping customers informed and engaged. Chatbots can provide quick and friendly responses to frequently asked questions. Automated emails can update customers on their order status, alert them to special offers, and more.Text messages can be used to offer exclusive deals to your most loyal customers. Implementing these tactics can greatly improve customer retention, and your outsourcing partner can manage them. Monitor Social Media PlatformsSocial media platforms are an essential tool for engaging with customers, but monitoring can be overwhelming. Outsourcing providers can manage your social media accounts, including responding to customer feedback, complaints, and concerns.With 73% of customers using social media for quick responses from businesses, outsourcing can ensure that you’re engaging with your customers in real-time. Utilize Loyalty Rewards Programs Loyalty reward programs can be incredibly effective in driving customer retention and loyalty. By offering discounts, exclusive content, or early access to products, companies can boost customer engagement while rewarding loyalty.Your outsourcing partners can manage loyalty programs, providing an added value to their service, and delivering meaningful insights for improving customer retention and satisfaction. Analyze Customer DataData analysis is crucial in understanding customer behavior and preferences. Through data analysis, companies can tailor their products and services to meet customer needs and preferences.Outsourcing partners can gather and analyze customer data, such as customer feedback, surveys, and online reviews, to provide actionable insights for improving the customer experience. Conclusion Outsourcing is a cost-effective way to increase efficiency, but it's also an opportunity to improve customer retention and loyalty. Through careful planning, communication, and execution, outsourcing can help your business grow and succeed. Read Also:5 Most Common Digital PR Mistakes And How To Avoid Them The 7 Steps to Create a Storybrand to Ensure Marketing that Works How Customer Success Can Help Grow Your Business