Question
I was thinking of setting up a virtual assistance business, but the idea behind it is to sell it (and sell it fast) because I won't be able to maintain it if it continues to attract users.
I'm not thinking huge. I have two realistic milestones:
First: to acquire enough users with steady profits. I'm aiming towards ($2000-$3000) per month.
Second: to sell it afterwards to a related service/agency/product house that can improve on it. Again, I'm not aiming towards a seven-figure exit. (I will be happy with $35000)
How should I approach this matter? What should I consider before/while/after developing the business?
Answer
For starters I think this is an awesome business model. I have been using a virtual assistant out of the Philippines through UpWork for the last 9 months. My first suggestion would be to try it for yourself.. Get a feel for the business model and maybe see what can be tweaked or modified to provide a better experience for the customer. After doing that THEN you should consider a good marketing strategy before entering. I looked at 12 different services for virtual assistants before I settled on UpWork, so whatever you build is going to need some good exposure and SEO!
