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 Wisconsin Retainer Agreement for Virtual Assistant Services is a legal document that outlines the terms and conditions between a virtual assistant (VA) and a client in Wisconsin. This agreement establishes a professional relationship between the parties involved and ensures both parties are aware of their rights and obligations. The agreement typically includes key provisions such as services to be provided, payment details, confidentiality, termination terms, and dispute resolution mechanisms. It acts as a safeguard for both the VA and the client, ensuring clear communication, accountability, and protection of confidential information. Different types of Wisconsin Retainer Agreements for Virtual Assistant Services may include: 1. Hourly Retainer Agreement: This type of agreement specifies that the virtual assistant will be compensated on an hourly basis for the services provided. It outlines the hourly rate, the maximum number of hours per week or month, and how the hours will be tracked and reported. 2. Project-Based Retainer Agreement: In this type of agreement, the VA is hired for a specific project or task. The agreement clearly defines the scope of work, deadlines, and deliverables. The payment terms may be structured based on milestones or project completion. 3. Monthly Retainer Agreement: This type of agreement establishes an ongoing relationship between the VA and the client. The VA agrees to provide a certain number of hours or specific services each month, and the client pays a fixed monthly fee in return. This ensures a consistent level of support for the client and provides stability for the VA. 4. Virtual Assistant Agency Agreement: This agreement is used when a virtual assistant agency acts as an intermediary between the client and the VA. It outlines the responsibilities of the agency, the virtual assistant, and the client. It also covers topics such as payment distribution, communication channels, and dispute resolution. In Wisconsin, it is essential to consult with legal professionals experienced in contract law to ensure that the Retainer Agreement complies with local regulations and addresses specific needs and requirements. The agreement should be carefully reviewed, understood, and signed by both parties to establish a mutually beneficial working relationship.A Wisconsin Retainer Agreement for Virtual Assistant Services is a legal document that outlines the terms and conditions between a virtual assistant (VA) and a client in Wisconsin. This agreement establishes a professional relationship between the parties involved and ensures both parties are aware of their rights and obligations. The agreement typically includes key provisions such as services to be provided, payment details, confidentiality, termination terms, and dispute resolution mechanisms. It acts as a safeguard for both the VA and the client, ensuring clear communication, accountability, and protection of confidential information. Different types of Wisconsin Retainer Agreements for Virtual Assistant Services may include: 1. Hourly Retainer Agreement: This type of agreement specifies that the virtual assistant will be compensated on an hourly basis for the services provided. It outlines the hourly rate, the maximum number of hours per week or month, and how the hours will be tracked and reported. 2. Project-Based Retainer Agreement: In this type of agreement, the VA is hired for a specific project or task. The agreement clearly defines the scope of work, deadlines, and deliverables. The payment terms may be structured based on milestones or project completion. 3. Monthly Retainer Agreement: This type of agreement establishes an ongoing relationship between the VA and the client. The VA agrees to provide a certain number of hours or specific services each month, and the client pays a fixed monthly fee in return. This ensures a consistent level of support for the client and provides stability for the VA. 4. Virtual Assistant Agency Agreement: This agreement is used when a virtual assistant agency acts as an intermediary between the client and the VA. It outlines the responsibilities of the agency, the virtual assistant, and the client. It also covers topics such as payment distribution, communication channels, and dispute resolution. In Wisconsin, it is essential to consult with legal professionals experienced in contract law to ensure that the Retainer Agreement complies with local regulations and addresses specific needs and requirements. The agreement should be carefully reviewed, understood, and signed by both parties to establish a mutually beneficial working relationship.
