Win Funding with a VA Killer VA Service Pitch Game

  • Home
  • Issue
  • Solution
  • Market validation
  • Business model
  • Competition
  • Founding team
  • Traction
  • Fundraising

Issue

Meet Jane. She’s a busy entrepreneur who runs a small marketing agency. One day, she received a new client request that she couldn’t refuse. The only problem is that she has to prepare a complete proposal in just two days. That’s when Jane realizes she needs a virtual assistant to help her with all the time-consuming tasks such as scheduling appointments, sending emails and social media management. However, she was unable to find a reliable virtual assistant who could quickly adapt to her business needs and schedule.

Unfortunately, Jane’s story is not uncommon. Many entrepreneurs and small business owners face a similar problem.

  • They are overwhelmed by their daily tasks and miss new opportunities to grow their business
  • They find it difficult to hire and train full-time employees for a temporary bottleneck

Currently, business owners hire virtual assistants from independent platforms that do not provide quality assurance, leading to low productivity, poor communication, and unfulfilled work engagements. These solutions are temporary and businesses end up having high turnover rates that compromise their productivity and potential success. Ultimately, this leads to a myriad of unresolved business challenges, including missed deadlines, angry customers, and lost revenue.

Therefore, there is a significant and persistent need for a virtual assistant service that provides a reliable, efficient and cost-effective solution to business owners.

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Solution/value proposition

Virtual assistant service solves the problem of time constraints, workload and inefficiency among busy professionals by providing them with a virtual personal assistant. Our service provides a low-cost, efficient and reliable solution that helps professionals achieve work-life balance, reduce stress and get more done.

Does this really solve the problem addressed?

Yes. Busy professionals are often overwhelmed with work as they struggle with time management and limited resources. By providing a virtual assistant, a virtual assistant service makes their work easier, improving efficiency and productivity. Therefore, virtual assistant service is the solution that busy professionals have been looking for.

Is the solution so good that the customer will do anything to have it?

Yes it is. Our solution is unique, affordable and effective. We offer customized solutions that meet the unique needs of each client. Additionally, we have a team of experienced virtual assistants who understand clients’ work and preferences, are committed to their work and are available 24/7. Therefore, it is a solution that any professional, looking for success in their work or business, would want to have.

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How will the customer feel after using the solution?

The customer will feel satisfied and more productive, knowing that their virtual personal assistant is managing their workload and meeting their unique needs. They will enjoy a more relaxed and stress-free working environment, which will, in turn, improve their work-life balance.

Is the solution amazing?

Yes it is. Virtual Assistant Service is an incredible solution that offers a combination of efficiency, reliability, flexibility and affordability. We designed the service with the unique needs of the customer, making it stand out from other similar services.

Additionally, our platform is user-friendly, secure and easy to navigate. Our team of experienced virtual assistants goes above and beyond to ensure the client’s needs are met quickly and efficiently, making it a great investment for any busy professional.

In summary, virtual assistant service provides a unique, effective and affordable solution for busy professionals that solves the problem of time constraints, workload and inefficiency. It is a solution that ensures customer satisfaction, work-life balance and productivity. With our platform, customers can focus on other essential aspects of their lives and business, knowing they have a reliable and efficient partner managing their workload.

Market validation

The virtual assistant service market validation is based on numerous studies and research conducted in the virtual assistant industry. The Total Addressable Market (TAM) Size According to virtual assistant market research, is expected to reach ,697 million in 2025, growing at a compound annual growth rate (CAGR) of 35.2% from 2019 to 2025.

Our market specification includes revenue per customer and average sales cycle. Our target customers are small and medium-sized businesses who always need virtual assistant services to help with administrative and back-office tasks. Revenue per client, on average, ranges from 0 to ,000 depending on the volume and complexity of the task. The sales cycle typically takes 1-2 weeks from initial inquiry to deal closing.

Starting a business in the virtual assistant industry is a good idea due to the growing demand for remote working and outsourcing. According to a study by UPWORK, the remote workforce has grown by 44% over the past five years. Additionally, businesses are looking for ways to reduce costs without compromising productivity, and virtual assistant services are proving to be a cost-effective solution.

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The virtual assistant industry is growing at a rapid pace. According to Grand View Research, the global virtual assistant market size was valued at .15 billion in 2020 and is expected to grow at a CAGR of 27.4% from 2021 to 2028.

The Customers are willing to pay for virtual assistant services based on the value they receive. According to the same Upwork study, companies are willing to pay up to per hour for virtual assistant services. The price range may vary depending on the specific tasks and skills required.

  • Overall, the virtual assistant industry is a rapidly growing market with high demand for cost-effective solutions to help businesses with administrative and back-office tasks. As a business, virtual assistant service is well positioned to capture a significant portion of this market and grow with it.

Business model

Virtual Assistant Service aims to provide affordable, quality virtual assistance to small business owners, busy executives and entrepreneurs who often struggle with the day-to-day running of their business. Our business model revolves around charging our customers monthly subscription fees for the services we provide. We believe our competitive pricing will make it easier for clients to continue using our services without having to worry about the high costs associated with hiring a full-time assistant.

Revenue generation

Registration fees

  • We will generate revenue by charging monthly subscription fees. Our customers will be able to select from three tiers of subscriptions, each with different levels of service based on their specific needs. We believe this flexibility in our pricing strategy will attract a wide range of customers, from startups to established businesses.
  • Our pricing strategy is to charge , , or 9 per month, depending on the service level selected. Our goal is to attract a large number of customers whose combined subscriptions will lead to a stable source of revenue for the company.
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Some products

Our products include the following:

Standard plan subscription

  • This package includes services such as email management, calendar management, and basic administrative tasks. Essentially, it’s a standard virtual assistant package that’s suitable for small business owners or entrepreneurs.
  • Subscription fees for this package are set at per month.

Premium package subscription

  • This package includes more comprehensive services such as project management, social media management, and email marketing. It is ideal for businesses that require more than basic administrative tasks.
  • Subscription fees for this package are set at per month.

Ultimate Package Subscription

  • The ultimate package is for established businesses that require a full-time employee, but don’t want to deal with the hassle of hiring one. This package includes services such as accounting, advanced project management and executive level tasks.
  • Subscription fees for this package are set at 9 per month.

In conclusion, Virtual Assistant Service offers a cost-effective and convenient way for customers to get their work done without the need for a full-time assistant. Our subscription-based model ensures a stable and predictable revenue stream for our business, while the flexibility of our pricing structure makes it attractive to a wide range of customers.

Competition

As a virtual assistant service provider, we recognize the presence of several competitors in the market. However, we believe that our extensive industry experience and unique offerings give us an edge over our competitors.

Who are your competitors?

Our primary competitors include established virtual assistance service providers such as XYZ VA Services, ABC Virtual Solutions and PQR Assistants. These companies have been in the industry for several years and have built up a strong reputation in the market.

Who could do what you are going to do?

There are several new entrants in the market offering virtual assistant services. However, most of these companies lack the experience and infrastructure to provide comprehensive support to their customers. Additionally, some of these companies may not offer customizable solutions, which is a vital aspect of our service.

What makes you better?

Our USP is our team of experienced professionals who are proficient in providing tailor-made solutions to our clients. We understand that no two clients have the same needs and we customize our services to meet their unique requirements. Additionally, we offer 24/7 support, which ensures that our customers receive fast and efficient assistance whenever they need it.

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What are your USPs?

  • Extensive industry experience
  • Tailored solutions to meet unique customer requirements
  • 24/7 support
  • Cutting-edge technology and infrastructure

Who is stealing from your customers and how?

Our competitors are our biggest threat and they can steal our customers by offering lower prices or better services. Therefore, we are constantly striving to improve our offerings and provide maximum value to our customers.

Founding team

Our team at Virtual Assistant Service is made up of seasoned technology and business professionals with a common goal of revolutionizing administrative support services.

Our team’s primary goal is to provide our clients with a seamless experience by leveraging cutting-edge technology to provide high-quality virtual administrative support services. We believe that by providing reliable and efficient virtual assistance services to businesses, we can help them significantly reduce operational costs while enabling them to excel in their core competencies.

Our team is an assembly of highly qualified professionals from diverse backgrounds with complementary skills. Each member brings something unique to the team, making us a well-rounded entity capable of tackling any business challenges we may encounter.

Our team includes:

  • [Founder 1] – Our founder has over 10 years of leadership experience managing virtual assistant services, leveraging technology to create effective systems, and hands-on experience managing large-scale projects. Prior to founding Virtual Assistant Service, [Founder 1] served as Vice President of Operations for a well-known online e-commerce company, managing a team of over 100 virtual assistants.
  • [Founder 2] – Our co-founder has extensive experience in the technology industry, with a focus on cybersecurity and high-performance computing systems. [Founder 2] has a master’s degree in computer science and has previously founded several technology startups. As Chief Technology Officer, [Founder 2] is focused on creating and implementing innovative solutions that improve our customers’ experience by making our platform more efficient, secure, and scalable.
  • [Founder 3] – Our third founder has extensive experience in marketing, sales and customer relations. With a track record of understanding customer needs, [Founder 3] provides valuable market insights and ensures our customers receive the best service to help them achieve their goals. Before joining the team, [Founder 3] worked as a strategic consultant for a prestigious marketing agency.
  • [Advisor 1] – As Senior Advisor, [Advisor 1] provides expert advice on legal and regulatory matters, leveraging over 20 years of experience as a legal consultant for notable technology companies. [Advisor 1] is an active member of the legal community and has authored several publications on contract law.
  • [Advisor 2] – With over 25 years of experience in the financial industry, [Advisor 2] brings invaluable expertise in financial management and investment strategies. [Advisor 2] has held several senior positions in investment banking and is now a managing partner of a renowned asset management firm.
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Our team’s varied experience and knowledge combine to form a powerhouse perfectly suited to the challenge at hand. We are confident that we have the skills to execute our vision and achieve our goals.

Traction

The traction/milestones slide is where we can show our investors that virtual assistant service is a lucrative investment opportunity. The evidence we present in this slide will persuade them that our business will be headed for success. Since our last updates, we have reached several important milestones:

  • In the first quarter of 2021, we launched our platform and began aggressively promoting it online and offline.
  • In the first three months of operation, we obtained 100 clients in the real estate sector, with a client retention rate of 95%.
  • We saw a 300% increase in revenue growth in the second quarter compared to the first quarter.
  • The average customer value (CLTV) for a virtual assistant customer is ,000 with a customer acquisition cost (CAC) of ,000.
  • We have partnered with several real estate agents and brokers across the United States to expand our market reach.

These milestones reveal positive signals to our investors about the virtual assistant service and how it is moving toward success. Customer growth rate, customer retention rate, our revenue growth, our customer lifetime value and customer acquisition all cost a lot on the potential success of our business. It’s great to see that just after our launch, we have already established a loyal customer base.

Additionally, we are constantly learning from our mistakes and making adjustments accordingly. At Virtual Assistant Service, our goal is to provide high-quality service to our customers, and we continually analyze our customer feedback to find where we can improve.

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In conclusion, the virtual assistant pull slide proves our ability to execute and how we are moving in the right direction. Our metrics show that we have a clear path to achieving our goals, making us an attractive investment opportunity.

Fundraising

We are seeking to raise million in seed funding to complete development of our virtual assistant service product and release a beta version to our target market.

The funds we raise will be used to accelerate our growth in the market by investing in product development, marketing and new hires. More specifically, we will allocate:

  • 40% to product development to improve the features and functionality of our platform
  • 30% to marketing to promote our product and reach our target audience
  • 30% to new hires to expand our team and improve our customer support and experience

With the funds, we will achieve several milestones in our development roadmap, including:

  • Launching a beta version of our virtual assistant service platform, welcoming our first users and collecting feedback to further improve the product;
  • Increasing the user base to 10,000 by the end of the year.
  • The development and launch of mobile applications for iOS and Android;
  • Expanding the product offering to include additional services requested by our users, such as appointment scheduling, social media management and email management;
  • Creating new partnerships and collaborations, including integrations with other tools used by our target audience;
  • Hiring additional team members, including developers, customer support staff, and marketing and sales professionals to support and accelerate our growth;

We are committed to the success of our virtual assistant service platform and confident that with the right funding it can become a leading player in the market.

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