Sure, we all want to make money in our virtual assistant businesses. But do you have actual money goals?
Setting some financial goals will help you decide on the most important tasks for you to do daily in order to reach those goals, and it will really help to direct your marketing.
Here are some things to consider when setting your money goals:
Your desired annual income
How much do you want to make each year?
By now, you’ve probably already worked on your base pricing, so you know what you need to live on as well as to cover expenses.
So, what’s that yearly total you want to make?
Next, think about all of the different income streams you have. They might be things like:
- Your service packages
- One-off project work
- An ebook
- A physical product
- Affiliate income
Whatever they might be for you, list them all as well as the cost for each.
Now that you know how much you want to make and the income streams you have to earn it, start making goals for how much you want to make from each stream.
For example, maybe you want 3 clients for Service Package A to offer monthly ongoing income. You want to sell 50 copies of your ebook.
Continue playing with the numbers and income streams until you hit your annual income goal amount.
Once you have your goals listed for each income stream, you can now target your marketing efforts accordingly.
For example, you might work on building your email list and blogging regularly in order to fill Service Package A. You might be a guest on several podcasts in order to get the word out about your ebook.
Decide what makes sense for each income stream, get the word out, and show people how you can help them!
It will help you to set financial goals, business goals, figure out systems that work for you, and create a schedule that works around your life.
You’ll get helpful worksheets, like the Business Model and Income Stream worksheet that you’d use to document the money goals we discussed in this blog post:
And if reading this post triggered some of your “money issues” take this cool quiz to find out why that might be happening and what you can do about it! Check it out here: http://www.newvaadvice.com/moneyquiz