It's important to acknowledge the vital role played by administrative professionals in the success of any busi...
5
Industries That Benefit Most from Virtual Assistant Services
Virtual
assistants are now beyond being just a luxury accessory for busy executives.
Now, they have become a necessity for businesses - to save time, cut costs,
streamline processes, and scale operations.
With
rising costs in the global labour sector and increasing instances of remote
collaboration, hiring a virtual assistant has now become a mainstream growth
strategy. Even then, contemporary businesses are stuck with one simple
question: What’s the real cost and ROI of virtual assistant services? But
there’s no simple answer to this question. The real cost and ROI vary from
industry to industry.
In the
context mentioned above, this blog will explore the top 5 industries where
virtual assistant services have the greatest impact. Let’s dive right into it.
More than
just saving money, hiring a virtual assistant is all about unlocking efficiency
due to their existing talent and skill set. Plus, it saves a significant amount
of operating costs. Sobot.io revealed that businesses can save
up to 78% in operating costs by hiring virtual assistants. Moreover, businesses
also enjoy the flexibility of paying VAs on an hourly or weekly basis, without
the overhead of full-time employees. So, you get the picture of why it’s
booming!
From
healthcare to real estate, there are now specialized or curated virtual
assistant services that can handle industry-specific tasks, previously
impossible to handle without in-house employees.
Now,
there’s another fun fact as well! Offshore providers in countries like the Philippines or India offer highly trained support at half
the rate (or sometimes even less), while U.S.-based VAs charge exponentially
high for premium, compliance-heavy roles. This cost flexibility enables
businesses to create hybrid teams, thereby balancing expertise with
affordability.
Let’s
break things down industry by industry now!
Usually, a
real estate professional would juggle between CRM updates, client
communication, listings, and marketing. However, virtual assistant services can
reduce these tasks by up to 60% or 70%.
·
Tasks handled: Social
media updates, scheduling, lead nurturing, and CRM management.
·
Pricing snapshot: On
average, offshore virtual assistants cost about 60–75% less than hiring
U.S.-based VAs.
·
ROI: The real estate
agents tend to save 10-15 hours each week by outsourcing tasks.
That’s a total save of 60 hours each month. That’s the return on investment for
you! By paying around $100 per month, you’re buying 60 hours for yourself.
Just like
the real estate sector, online sellers also juggle between various activities,
ranging from ad campaign management to product listings and customer service. A
VA can help the e-commerce sector streamline these operations.
·
Tasks
handled: PPC ad
management, customer management, order fulfilment, product uploads, and
maintenance.
·
Pricing
snapshot: On average, offshore virtual assistants cost
about 60–90% less than U.S.-based VAs.
· ROI: By opting for virtual assistant services, an e-commerce business can improve consistency, reduce turnaround time, and enhance customer satisfaction. All these factors contribute to repeat purchases. Although the figures may vary, it can be assumed that opting for virtual assistant services can facilitate a 5-10% repeat purchase boost.
To manage
and streamline daily operations and boost digital engagement, the F&B
industry often resorts to virtual assistant services, and this trend has become
extremely prevalent.
·
Tasks
handled: Social
media handling, content management, supplier coordination, reservations, and
online order processing.
·
Pricing
snapshot: Offshore virtual assistants typically cost
50–85% less than their U.S.-based counterparts.
·
ROI:
The ROI is significantly high, and here’s how! Virtual
assistants make life easier for both businesses and customers. They help
prevent booking mistakes, keep the ordering process running smoothly, and
ensure that customers always receive clear and friendly communication. When
people feel looked after and things go right, they’re much more likely to return
and recommend others.
The
regulatory compliance and the level of precision required in pharmaceutical
companies are extremely high. Furthermore, it demands robust data handling. VAs
with experience in these areas can provide valuable support.
·
Tasks
handled: Compliance
documentation, research assistance, data entry, and CRM support.
·
Pricing
snapshot: Offshore virtual assistants cost around 40–70%
less than U.S.-based VAs.
·
ROI:
Businesses that
use virtual assistant services
typically recover $2 to $5 for every $1 they spend, thanks to saving time, making
fewer mistakes, and accomplishing more. In highly regulated fields like
pharmaceuticals, outsourcing administrative work frees up staff and reduces the
risk of costly compliance errors. This allows teams to focus on important
tasks, such as conducting clinical trials, reviewing documents, or filing with
the FDA.
The
financial sector, ranging from accounting and bookkeeping to insurance, often
spends countless hours on monotonous routine tasks. By opting for virtual
assistance services, they can not only streamline their operations but also
significantly reduce costs.
·
Tasks
handled: Client
scheduling, expense tracking, reporting, bookkeeping, and more.
·
Pricing
snapshot: Offshore virtual assistants cost about 50–80%
less than U.S.-based VAs.
·
ROI:
When companies get
virtual assistant services to
handle everyday bookkeeping, they can cut costs by nearly half (i.e., 50%). This means accountants have more
time to give valuable advice and help the business grow.
Industry |
Typical
VA Tasks |
ROI
Snapshot |
Real
Estate |
CRM,
listings, social media |
1+
closing per month |
E-commerce |
Fulfillment,
PPC, and customer support |
5–10%+
sales increase |
Food
& Beverage |
Reservations,
suppliers, online ordering |
10–15%+
online orders |
Pharmaceuticals |
Research,
compliance, CRM |
50%
admin workload saved |
Finance |
Bookkeeping,
reporting, and scheduling |
40–60%
cost reduction |
Not every
business gains equally from the same kind of virtual assistant services. But
here’s one well-structured framework that might guide you to make an informed
decision:
·
When
to choose offshore VAs?
When you
need high-volume, yet cost-effective support for repetitive and routine tasks,
choosing offshore virtual assistant services is the best fit for you. This
framework is highly suitable for industries such as real estate and e-commerce,
where manual and repetitive tasks are prevalent, and financial constraints are
also a concern.
Also Read: Reasons Why Outsourcing in India is
the Best Decision
·
When
to choose U.S.-based onshore VAs?
When your
business governs highly sensitive information and demands strict US-based
compliance, and outsourcing would amount to a breach of trust, then you have no
other option but to go for an onshore VA. Real-time collaboration can sometimes
act as a barrier for offshore VAs, but not always. Hence, in this context,
choosing between an onshore VA and an offshore VA will be a judgment call.
Industries such as legal services and finance may require this US-based onshore
framework.
·
When
to adopt a hybrid approach?
The answer is simple. To get the best of both worlds, choose this model. Delegate the low-risk tasks to the offshore VAs and the high-risk tasks to the onshore VAs, irrespective of the industry you are in.
Virtual
assistants (VAs) aren’t just for busy work; they’re partners that help your
business grow. Realtors can spend more time with clients, online shops keep
customers coming back, restaurants fill more tables, pharma teams get
compliance off their plate, and financial firms save big on costs.
Thinking
about hiring a VA? Start by noticing which tasks eat up your day. Then find a
VA who knows your industry and pick a setup that fits your budget and goals.
Curious
how virtual assistant services can help your business? Explore our pricing or schedule
a call to discover
how much time and money you could save.