The Best Business to Start From Home When You Don’t Have a Lot of Money

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Today I’d like to welcome Kayla Sloan, who was my amazing virtual assistant back when I had one. I’ve watched Kayla through her entire VA career, and have been so impressed by her drive and ability to get things done. Her business is explosive, and I’m happy to have her here talking about how others can follow in her footsteps to build their own VA business–even if you don’t have a lot of startup money.

I've been looking for remote work, and it's kind of amazing that you don't have to have upfront startup money to start your own virtual assistant business...

Not everyone in the workforce loves what they do each day. In fact, according to the Bureau of Labor Statistics, 11.7 is the average number of jobs held in a lifetime.

Those results indicate that it takes a few, or several, tries to find the right job for some of us. It may even mean becoming self-employed instead of working for another individual or business.

However, starting your own business from home isn’t easy if you don’t have a lot of money. Lack of funds can rule out many start-up opportunities you would otherwise try.

Still, there are options, such as becoming a virtual assistant like me. I love what I do and I consider it the best business to start from home when you don’t have a lot of money.

What a Virtual Assistant Does

A virtual assistant, or VA, gives administrative and professional support to other individuals or businesses. The VA must have good grammar, computer skills, and communications skills.

Job duties of a virtual assistant vary widely. The services you could offer depend partly on your own comfort level, education, and skill set. For instance, I provide technical assistance, social media management, blog management, and many other services.

Why it’s the Best Business to Start

There are a lot of great benefits to becoming a VA like I did. Here are some of them:

  • Flexible Hours – When you work as a virtual assistant you get to set your own hours. You can work in the early morning hours, late at night, or on the weekends if you choose to. You can also work a regular 8 to 5 shift if that is easier.
  • Full-Time or Part-Time – I started out working part time as a VA for a side hustle in the evenings and on weekends. It fit nicely into my schedule and allowed me to continue working at my normal day job during the first year. After I built up my client base, I left my full time job and became a full-time virtual assistant. You can choose what works the best for your own schedule.
  • Low Start-Up Costs – To set up your workspace as a VA, you will need a desk or table, chair, computer, internet connection, printer, website, and a phone. Most people already have the majority of these things which makes the initial investment low.
  • Income Potential – There is no limit to the income you can make as a virtual assistant. I left a well-paying job and now I earn six times what I made there.

Where to Get Training

Specific education and training isn’t actually a requirement to become a virtual assistant. That’s just one more reason it’s the best business to start from home when you don’t have a lot of money to invest. You don’t have to spend a lot of money on training before you can get started!

You do need to have a basic understanding of how to use social media, social media tools, and be internet savvy. Most things can be learned along the way and some clients will even pay you to learn or take training if they want you help with specific tasks.

However, if you want to grow your business fast, taking a course can help. My new course, $10K VA, walks you through everything you need to know to get started and build your business to earn up to $10,000 per month consistently! It more than makes up for the cost within a couple of weeks of landing your first client.

Plus, if you use Femme’s link and the code FEMME50 you can save $50 on any level of the course!

How to Market Your Business

Marketing your business can be fun and inexpensive. There are also tons of ways to do it. If you aren’t sure which one to pick, choosing one or two ways to use regularly is a good place to start.

Here are some choices for you to consider:

  • Social media
  • Blogging
  • Guest blogging
  • Facebook groups (like the one for Pro level $10K VA students!)
  • Cold pitching

Once you make the initial contact with a client or potential client, you should follow up a few days later. Call or email a second time in case the message was not received the first time. This simple follow up has resulted in me getting many clients I might have otherwise missed out on.

Pitching can seem difficult at first, but just start small. Set a goal to email, call, or reach out to 5 or 6 new people or businesses each week. Before long, you’ll have more work than you know what to do with!

Also, don’t be afraid to ask for referrals. Asking current clients or contacts to pass on your name to others will help you build your business faster!

Your job takes up a significant portion of your day which is why it’s important that you enjoy it. If you want to find the best business to start from home when you don’t have a lot of money, look no further. Becoming a virtual assistant might be just what you are looking for.

 

 

Have you ever considered becoming a virtual assistant?

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12 thoughts on “The Best Business to Start From Home When You Don’t Have a Lot of Money

  1. Done by Forty

    Oh, man. This sounds like a neat opportunity, perhaps for Mrs. Done by Forty and I when we’re trying to transition away from full time work, or maybe as a good side gig.

    I’d never really considered it before. Thanks for the tip!

    Reply
    1. femmefrugality Post author

      For sure…when you guys get there I’d definitely recommend looking into it! Totally remote, too. 😉

      Reply
    1. femmefrugality Post author

      They are well-deserved. Thank you for sharing this! So excited to watch you help get other people off the ground.

      Reply
  2. JoeHx

    I’ve never considered becoming a virtual assistant, although I can’t think of any good reasons as to why. I think this is a lot better than the common suggestion of real estate or even dividends for side hustling / business for the simple reason stated in the title – people often simply don’t have the money to start with!

    Reply
    1. femmefrugality Post author

      Exactly. Service-based businesses are much easier to start if you’re going solo, and I love that this one is so workable from anywhere, using tools most people already have at their disposal.

      Reply
  3. Penny @ She Picks Up Pennies

    I’m so happy you had Kayla share her story and these insights! I love her work, and I also really love the behind-the-scenes peeks she offers on Instagram. She makes it clear that she’s good at what she does and it’s NO easy job! So fun to hear more about her.

    Reply
  4. Abigail @ipickuppennies

    I definitely considered it, but I’m busy enough with just my blog and my full-time job. If my job ever went away, I’d be VAing and freelancing up a storm, but fingers crossed that that never happens. I like to have a beginning and end time to my day. I think I’d let any VA work suck up all hours of my day (despite my best intentions).

    Reply
    1. femmefrugality Post author

      I hear you on that. You have to regulate yourself like crazy to make sure you don’t spill over into what should be decompression hours. Definitely pros and cons to self-employment!

      Reply
  5. Melissa

    Kayla is seriously one of if not THE best VAs out there – legit advice!! 🙂 I love being a VA – it’s enabled me to level up my career working at home and gain a ton of new skills. I definitely recommend it! And I recommend Kayla’s course 😉

    Reply

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