How a Virtual Assistant Improves Time Management for Inventors

You have a great idea for a new product. Every moment you’re not working your day job, you’re thinking about how to develop the product, making sketches, trying to build prototypes, looking for invention idea help, seeking funding – and there just aren’t enough hours in the day.

As an entrepreneur, time management is most likely your number one challenge. One time management solution to consider is hiring a virtual assistant. We wrote this “How a Virtual Assistant Improves Time Management for Entrepreneurs” just for you.

A virtual assistant (VA) is anyone who assists you from an offsite location, usually as a contractor. In today’s world of side hustles and post-pandemic remote working, hiring a virtual assistant is more popular, cost-effective and easier than ever.

There is no limit to how you can use a virtual assistant or even how many VAs you work with. A virtual assistant can help with everything from administrative tasks and accounting duties to design work, social media management and even personal tasks.

For an entrepreneur, anything that takes you away from your idea, invention, or product development is time not well spent.

You could hire a VA with experience and expertise in your product space to help you research and analyze similar products, competitors, and market trends, file patent or trademark requests, or deal with vendors.

He or she can help you organize and put a process in place where there previously was none or aid you in getting help for your invention idea. A virtual assistant gives you not only time, but space to create, to explore, and to think.

When developing and launching a new product, you’re focused on the task at hand. But you will need to direct some of that focus toward some best practices for hiring one or more VAs. A little bit of time now will save a lot of time later.

If you have followed the best practices above and properly vetted your new virtual assistant, managing him or her should be relatively easy. But you’ll still need to do your part to ensure the relationship is successful for all parties.

According to Upwork, the rate for a virtual assistant can range anywhere from $4 to $60 per hour, depending on the work being done and the location of the VA. You can pay on an hourly basis or a project basis, as long as all payment information is confirmed up front.

Online pay sites such as PayPal, Payoneer, Zelle, Venmo, Stripe and Square make it easy to provide payment quickly and easily. This is especially helpful when working with international assistants. Paying upfront before work is done, however, is not recommended. If you are working through a VA agency, you will make your payments to that entity rather than directly to the virtual assistant.

Hiring a virtual assistant is definitely an option for entrepreneurs with time management challenges. While you develop your product, a VA can give you the focus and productivity you need. If you also need help bringing your invention idea to life or to schedule a free consultation, contact LA New Product Development Team at Read more on Lanpdt or email hello@lanpdt.com.

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Need more hours in the day? Hire a virtual assistant. Here’s how.

A virtual assistant (VA) is an individual who provides support remotely, often as a contractor. Hiring a VA has become more popular and cost-effective. VAs can assist with administrative tasks, accounting, design work, social media management, and personal tasks, offering flexibility in how they are utilized and how many are hired.

A virtual assistant can free up an inventor's time by handling tasks that divert focus from product development. They can research products and market trends, manage patent requests, or deal with vendors. This allows the inventor more time and mental space to focus on creation and exploration of their ideas.

Best practices include creating a clear job description and providing training for the VA. Consider a trial period to assess compatibility. Devise a real-world test to evaluate skills and attention to detail. Decide between a North America-based VA, which may cost more, or an international VA, which could be more cost-effective.

You can find a virtual assistant by asking your network for referrals, being specific about tasks and expectations. Another option is to engage a virtual assistant agency or service, which offers task packages. Alternatively, you can visit general marketplace sites where VAs respond to job postings with their qualifications and rates.

According to Upwork, a virtual assistant's hourly rate can range from $4 to $60. The cost depends on the specific work being performed and the VA's location. Payment can be made on an hourly or project basis, provided all payment details are confirmed upfront. Online pay sites facilitate quick payments, especially for international assistants.

Track three numbers monthly: hours reclaimed, cost per reclaimed hour, and rework rate. If a virtual assistant costs $1,200 a month and returns 24 hours, the cost per hour is $50 - the question is only whether your next best use of those 24 hours is worth more than $50 an hour.

For an inventor pushing a product toward tooling, the answer is almost always yes, because the reclaimed hours go into supplier selection and design decisions that move six-figure line items. Rework rate is the honest signal: above 15 percent means your checklists are vague, not that the assistant is weak.

Review the arrangement at 90 days. Assistants who have absorbed your terminology can take on supplier onboarding packets, prototype logistics and test-session scheduling - tasks that would otherwise eat the same hours you just recovered.

Work with LA NPDT: if you are moving from here to execution, start with our product discovery for inventors or talk to us about prior art search.