As the founder of Extend Your team, a Virtual Assistant company, Matthew Yahes helps entrepreneurs and operators of all company sizes grow their business by getting out of the grind. Matthew was working 14 hours a day on his eCommerce portfolio, managing a team of 6, was buried in operations, and it was affecting his marriage. The situation was not tenable. He had enough and finally figured out how to hire an A+ player overseas who could run the operations better than him so he could focus on growth. He realized that the core issue is people look for a “Virtual Assistant” and not a “Real Professional”. In 45 days, Matthew went from working 14 hours to 3 hours a day, and now it’s 3 hours a week. Matthew built his past two companies with a 100% remote workforce and now helps others do the same. In his spare time, he snowboards well, kiteboards poorly, and enjoys life with his incredibly patient wife.
One of the things I’ve pondered recently is how much my time is worth considering the many competing priorities in my life and it always seems to be a balancing act of epic proportions to get everything done I need to get done. However, there are a lot of these items that I either don’t enjoy doing or feel they are repetitive and administrative and it’d be more beneficial to get help to complete them.
As I thought more about this it reminded me of several years ago when I decided to use a lawn care service to cut my yard, trim my hedges, fertilize, etc. I enjoyed doing it every now and then as it was my time to think but as my son was growing older I wanted to spend that 1 ½ hour normally set aside for yard work and spend it with him. So, that’s what prompted me to bring on German and let him do my landscaping.
I am using a similar thought process nowadays in regards to leveraging Virtual Assistants for many of these administrative tasks. I’ve found through sites like Freeeup.com and others like it there are many people looking for work and are offering their services for a fair price. In the past, I wanted to do everything myself as I thought I was “saving” myself money by not freelancing this workout.
But now I’ve taken a different perspective on the situation and look at the value of my time as it pertains to my work and when the delta between these numbers is in my favor I will often side with the help to get tasks completed.
Here is what I am speaking about. Let’s use a very simple example and this may be eye-opening if you’ve never done this exercise.
Let’s say, hypothetically, you make $100,000 a year working an average of 40 hours per week. And assuming you take a couple of weeks of vacation, let’s use 2 for easy math, that means you work 50 weeks for the year.
So, 40 hrs/wk x 50 weeks = 2,000 hours of work per year and divided by $100,000 = $50 / hour
That means your time can be equated to being worth $50 an hour.
So, as an example, you need to get email lists together for a marketing campaign you are doing. If that would take you 2 hours to complete (or $100 of your time) then you may be better off using a Virtual Assistant at $7-$10 per hour to complete the work while you spend your time using those 2 hours wisely to potentially increase your hourly rate, attract new business, or work on other projects that are important.
Virtual Assistants have become very common nowadays but it’s still something newer I am trying and many people have never even considered it. It’s definitely different handing over control of projects to people you’ve never or barely met but if you look at it as a professional situation and treat it as such you might be surprised at how it turns out.
Find a small project to start with that might take an hour or two and try this out.
Make sure you give direct and clear details to your VA and I’d put everything in email and have it agreed upon prior to beginning the project.
You might find it works out well for you and frees up all sorts of time that can be valuable both personally and professionally.
Episode 78 features the Founder of Freeeup.com, Nathan Hirsch. Nathan has a neat story of seeing a gap in the textbook re-selling market and growing an Amazon business and then deciding to use a problem he saw with hiring freelances for that business to create a freelancer marketplace called Freeeup.com
As a special gift to the listeners, Go to Freeeup.com and create an account and mention the Just Get Started Podcast. That will get you a $25 credit to try them out!
My name is Nathan Hirsch and I am the Founder and CEO of FreeeUp, a marketplace connecting business owners with the top 1% of virtual assistants, freelancers and agencies in eCommerce, digital marketing, web development, and much more.
Want to learn more about me? Checkout my article in Thrive: https://u.nu/hrive
In 2006, I founded my first online venture out of my college dorm room, selling and buying student textbooks. I rapidly scaled my e-commerce business, bootstrapping from a $20 student – cause initiative to a multi-million dollar e-tailer clocking in revenues in excess of $25 million on Amazon across a 6 year period while serving over 10,000 customers. But I always had one problem. It took me way too long to find talent.
I built FreeeUp to address the frustrations I had. FreeeUp receives hundreds of freelancer applicants each week to join the marketplace. We interview and vet them, take the top 1% (based on skill, attitude and communication), and make them available to our clients quickly whenever they need them. On the backend, we have 24/7 support to make sure people have a good experience. Lastly, we have a no turnover guarantee covering replacement costs if the freelancer ever quits. We work with thousands of business all over the world.
Honesty, integrity, ethics and superlative customer experience have always been the four professional cornerstones of my success.