An entrepreneur’s life is one far from easy, with your day starting off with meetings, to handling paperworks, to following up, while also keeping the finances in place is quite a reason for their work-life balance to be shaky.
Sometimes you wish you had superpowers and other times an assistant who would just do all the auxiliary work for you,(Check out 40 benefits of hiring a virtual personal assistant) while you focused on the sales, revenue, profit and growth generation.
While technological developments are in full swing, maybe the possibility of attainment of superpowers seem blurry as of now. But the other solution i.e., a right-hand man/woman to assist you is quite possible, as the future of work breaks the notion of a “one job, one employer.”
With a prediction of 40% of the US population being freelancers by the end of 2020 and the global market size of Virtual assistants to reach USD 25.63 billion by 2025, freelancers and VAs might just be the new talk of the town. But when you stumble upon Google, you might find yourself searching for one term and possibly landing onto the other? Due to their common similarity of being an outsourced party, they’re often confused with one another. So to know what you need for your business, let’s dive deeper into the 2 types:
What is a Virtual Assistant?
Like the name suggests, they’re individuals that assist business owners, solopreneurs, managers or other clients with smaller, specific, individual projects and tasks. They do not require to be present in a physical office and can be hired from anywhere in the world. (Check out who is a Virtual Assistant in more detail)
So who are freelancers?
Freelancers sell their specialized skills and knowledge as independent contractors and are usually one time service providers. They are not duty bound to a single company or individual, and it is common for them to have a variety of clients from different companies. Depending on the role, requirements and service type, they can operate remotely or on-site.
Let’s discuss the differences:
- Skills- Virtual assistants when hired through a company can assist with a variety of tasks like Data entry, email management, social media handling. On the other hand, freelancers are specialized in their particular niche only, example: a freelance content writer.Check out the array of Virtual Assistant Services Wishup offers ranging from personal, business and executive tasks.
- Level of control- When you opt for a virtual assistant service, you are not involved in the hiring process, they do it for you and assign you a manager to be your point of contact. While with a freelancer, you can examine their skills, portfolio and have direct control over whom to choose.
- Availability- as VA companies often hire from across the globe, they can often accommodate to your chosen time zone and be available according to your schedule preferences. However, freelancers due to not being confined by any contract, might not be able to work according to your timings always, bearing in mind that they have multiple clients.
- Affordability- Virtual Assistant companies have fixed pricing packaged to suit different needs and services, and negotiation is rare. However, with freelancers, they are usually more affordable and depending on expertise and requirements might be open to negotiate.
- Data security- VA companies have strict confidentiality and data security agreements and measures like secure file sharing services in place. While data safety for freelancers due to an absence of a contract is not promised.
Why Virtual Assistants might take the lead:
- Scalability- When it comes to adapting to the size and growth of the companies, a freelancer might get stuck to the lack of resources available. In this case, virtual assistant companies might be able to better cater to the needs of their clients and accommodate relevant assistants.
- Replacements- if you are unsatisfied with the work or require more work from your assistant, your freelancer would only be able to help you to a certain limit. But in the case of VA companies, during moments of need, they would replace the assistant instead.
- Package benefits- Once you begin a deal with a freelancer, you are bound to pay them till the end of the contract, without potentially knowing how they would perform. But VA companies usually provide free trials for upto a month that allows you to experience the services, assistant and their working style as per your need.
- Progress monitoring- since VAs are part of a company, their work is often tracked, this ensures that you are aware of your assistant’s work progress. While freelancers often don’t have this assurity, unless they personally prefer to share their work status.
While clearly Virtual Assistants seem to be a better option than freelancers, both have their pros and cons, and there is no right or wrong option. It all entirely depends on your requirements,needs and scope. Work out and analyse what works best according to your budget, your desired service and then choose a side!
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