Now that you've wrapped your brain around the ins and outs of working online, weighed the pros and cons like a seasoned pro, and have a handy-dandy list of killer online gigs to drool over, it's time to tackle the million-dollar question: Is diving into the wild world of remote work your cup of tea?
By now, I'm sure you have a sense of whether or not working online aligns with your aspirations. However, before you confidently declare, "Yes! Working online is exactly what I want and need!" there's an important factor to consider: How much can you earn by working online?
Your earnings in the online realm depend on various factors such as your skills, experience, profession, company size, and industry. Naturally, an experienced bookkeeper earns more than a beginner. Let's be completely honest here - the world of website design and development offers far more lucrative monetary opportunities than simply setting up and scheduling blog posts for publication. Additionally, it's worth noting that larger corporations typically offer higher pay compared to small businesses run by solo entrepreneurs.
So when it comes to compensation, both traditional in-person jobs and virtual work follow similar dynamics.
But wait! There's more to think about when evaluating your potential earnings in the virtual world.
Are you interested in being a regular employee with all those enticing benefits like paid sick leave and vacation time? Or are you leaning towards freelance work where you have control but also bear all operating expenses?
Your potential income is directly influenced by these choices. It's important to consider these factors when estimating your earnings.
Okay, I know what you're really after - some concrete figures! :) While these numbers aren't set in stone and will vary based on the aforementioned factors we discussed earlier, here are some ballpark estimates:
Entry-Level Position
If you're just starting out in the online world at an entry-level position, you can expect to earn somewhere between $5 to $15 per hour, depending on the country you're working from. Keep in mind that these amounts are in US dollars, so make sure to convert them if you're in a different country. Typically, remote workers from Asia like The Philippines are paid this rate.
Now, if you already work for an organization and your employer supports your transition into online work within the same company, your salary will likely remain similar or slightly lower. However, it probably won't be in the $5-$15 range.
Starting at an entry-level position is like being a fresh-faced newbie trying to establish yourself in the virtual realm. It's almost like graduating from college and landing your first gig all over again.
Some of you might argue that you've been writing (if you're a copywriter) for years and consider yourself anything but a beginner. Well, if you can prove your expertise and convince your employer or client of it, then congratulations! You'll likely earn more than an entry-level rate.
But let's face it - most of the time when diving into online work without prior telecommuting experience or a stellar reputation, consider yourself a beginner.
Before I started working online, I had over a decade of experience in Customer Service and Marketing in the corporate world with excellent recommendations and testimonials from previous employers. However, those credentials didn't carry much weight with my potential online clients. So when I landed one of my very first online gigs involving crafting a marketing plan for a business consultant, I did it for just $5 per hour! I saw this as an opportunity to gather positive feedback from my client since those reviews play a crucial role in building trust with future clients. Once you accumulate enough glowing reviews that scream "I'm awesome!", my friend, it's time to level up!
Intermediate Level
The intermediate level is where the excitement begins to brew - brace yourself for the possibility of earning a remarkable $16-$35 per hour once you've conquered multiple projects and garnered a plethora of glowing reviews from ecstatic clients. Now we're talking!
Expert Level
If you have truly mastered your craft, embrace your expertise and confidently set your hourly rates anywhere between $36 and well beyond $100 (yes, the sky is the limit!).
Note that these figures are just a starting point and can be tailored to match the unique nature of your work and the needs of your clientele. So go ahead, charge what you're worth and let your exceptional skills shine!
So there you have it - a rough estimate of what your online earnings could potentially look like. Remember, these numbers are just guidelines, and your actual income will be shaped by your unique circumstances and skills. Now go out there and conquer the virtual world!
P.S. Are you feeling overwhelmed as an entrepreneur, small business owner, or private practitioner? Do you find yourself bogged down by all the nitty-gritty tasks that prevent you from focusing on running and growing your business? You need a Proactive Virtual Assistant and Online Business Manager who can help alleviate your workload and propel your business forward. Together, we can achieve great things. Let's connect and chat about how I can support you.
P.P.S. But wait, there's more! If the idea of becoming a Virtual Assistant piques your interest, I have a plethora of valuable resources waiting for you. Take the next step towards this rewarding career path by clicking here.