A virtual assistant is like a personal secretary. They provide customer support, write, answer calls, transcribe, do research, etc. They basically work at home and communicate with their Employer through the Internet or through phone. One method many companies take to maximize the likelihood of having a positive experience in retaining a virtual assistant is by going through a virtual staffing agency. These virtual staffing agencies operate similarly to conventional staffing agencies. When setting up the structure of a virtual assistant business, the owner must decide how he or she will collect the money earned for the services performed.
Traditional Invoicing/Net 30 Days If the virtual assistant does a lot of work for larger corporate clients, she may find that her clients will only do business with her if she extends Net 30 Day terms. With this arrangement, the virtual assistant will issue an invoice at the specified time periods or at the end of a project, whatever is agreed to prior to starting the project.
Traditional Invoicing/Due Upon Receipt Issuing the purchase order or having an agreement where the terms are Due Upon Receipt will help the virtual assistant to get paid much quicker. Just like Net 30 Day terms, the virtual assistant will send an invoice at specified times or at the end of the project and wait for the company to send a check.
Credit Card Payment The virtual assistant can set-up a merchant account and collect payment from the client using a credit card. An invoice will usually still need to be given to the client, but payment can be processed immediately at specified times. The virtual assistant can keep the clients credit card number on file and charge it as soon as a project is completed and the invoice is approved. Credit card payments can also be processed through PayPal without setting-up a merchant account.
Retainer Many virtual assistants collect a retainer from their clients. Often a discount is given when the client agrees to a certain number of hours of work per month charged if it is used or not. Since the client has already paid, they will most likely use the time, however, this is a nice way for the VA to estimate how much he or she will work in a month because the client as already committed to a certain number of hours.
A Massachusetts Retainer Agreement for Virtual Assistant Services is a legally binding contract that establishes the terms and conditions between a virtual assistant (VA) and their client. This agreement aims to ensure a clear understanding of the responsibilities, expectations, payment terms, and scope of work involved in the virtual assistant-client relationship. Keywords: Massachusetts Retainer Agreement, Virtual Assistant Services, contract, responsibilities, expectations, payment terms, scope of work, virtual assistant-client relationship. Different types of Massachusetts Retainer Agreements for Virtual Assistant Services may include: 1. Standard Retainer Agreement: This type of agreement outlines the general terms and conditions for the virtual assistant-client relationship. It covers aspects such as services provided, payment terms, cancellation policies, confidentiality, intellectual property rights, and dispute resolution. 2. Scope of Work Retainer Agreement: A scope of work-focused agreement details the specific tasks and services the virtual assistant will offer to the client. This agreement may include a breakdown of the deliverables, deadlines, and any additional services not covered by the standard retainer agreement. 3. Monthly Retainer Agreement: A monthly retainer agreement is designed for ongoing virtual assistant services on a month-to-month basis. It highlights the agreed-upon monthly retainer fee, the number of hours the virtual assistant will work during that period, and the tasks they will undertake. 4. Project-Based Retainer Agreement: This type of agreement is employed when a virtual assistant is hired for a specific project or a fixed duration of time. It specifies the project details, timeline, milestones, and payment terms for the completion of the project. Regardless of the specific type, a Massachusetts Retainer Agreement for Virtual Assistant Services is essential to set clear expectations, protect both parties' interests, and ensure a harmonious and professional working relationship between the virtual assistant and their client.
