08/06/2021
Yesterday I mentioned that you could hire someone for $4.50 per hour. 💵⠀
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I teach people how to do this by hiring from the Philippines 🇵🇭, where we can leverage the exchange rate.⠀
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This works for a few reasons:⠀
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1️⃣. You, the small entrepreneur can afford this. You can probably easily guarantee a virtual assistant 10, 20, or 40 hours per week without worrying about going bust.✓⠀
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2️⃣ The virtual assistant is happy to have steady work. It's a benefit to have ONE client who treats him/her well 💖, who he/she can grow with 🌱, versus constantly having to chase down new clients. And again, because of the exchange rate, $4.50 is a respectable starting wage.👍⠀
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For example: $4.50 per hour is 223 Philippine pesos. Multiply that by forty hours and it's 35,680 pesos per month.⠀
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This will pay for:⠀
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🏡 House rent - 8,000⠀
💡 Electricity - 5,000⠀
🚰 Water Bill - 500⠀
🍽 Food - 5,000⠀
🧼 Toiletries and other grocery items - 3,000⠀
🍚 1 sack of rice (25 kg) - 1,300⠀
🖥 Internet subscription - 1,500⠀
🎓 Monthly fees for 2 kids (private school) - 8,000⠀
🏩 Health benefits, retirement - 1,850⠀
🧾 Income tax - 1,188
💰 And your VA will still have 2,342 for savings 😉⠀
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3️⃣ As your business grows, you can steadily increase your VA's salary 📈 and offer so many other benefits as well. ⠀
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You can offer your VA a percentage of sales 💵 based on how well you do on a launch. This is not only incredibly motivating, it truly makes your VA take ownership in your business. And it is gestures like this that help you to cultivate a relationship 💖 with your assistant that will last years and years, not a few weeks or months.⠀
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You can offer your VA access to your own trainings and resources.📀 When they build their skills,💪 obviously this benefits your business, but it also helps them to learn and grow.⠀
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My unique system is effective whether you are working with a VA in the Philippines 🇵🇭, the USA 🇺🇸, or anywhere in the world. 🌎⠀
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But I always want to point out that in this global 🌎 economy of ours, with the amazing tools of communication we have at our fingertips 🤚, finding a skilled, reliable, AFFORDABLE, loyal and long-term virtual assistant is 100% possible.