More and more professionals are embracing remote work with virtual assistants (VAs) at the forefront. While the traditional full-time work arrangement still exists, contract jobs are rapidly gaining popularity among remote professionals. Taking on independent contractor work may also be a smart move for VAs who value flexibility, want to hone their skills, and prefer freedom to choose their clients and projects.

If you’re new to the VA work, you may be wondering, “What is a contract job?” And, “How do you know if it’s right for you?”

In this guide, we’ll break down what a contract job really is, its benefits, and how to decide if it’s the right setup for you. We’ll also cover other basics, like how you can find contract jobs and practical tips for contract work success.

Let’s start by clarifying what a contract job actually entails, shall we?

What is a contract job?

A contract job is a type of work arrangement where individuals are hired by clients—organizations, companies, or entrepreneurs—to work on a particular project or provide expertise for a set period of time.

Compared to traditional full-time positions, contract workers are not permanent employees. They are not entitled to the same compensation and benefits package as a regular hire, but are paid based on an agreed-upon contract rate. This type of work arrangement may be preferred by professionals who value flexibility and autonomy in their work. For employers, hiring independent contractors is a staffing solution that offers cost-efficiency and enables a more agile response to evolving market demands.

Key features of a contract job

How does contracting work? Let’s break down the defining traits of a contract job.

Duration and scope of work

Every contract job should have a clearly defined timeline and job scope. The agreement must state how long the VA will work with the client. It should also include specific tasks and deliverables expected from the VA within that period.

This part of the contract is crucial because it sets clear expectations for both parties. A well-defined job scope reduces misunderstandings, prevents scope creep, and ensures that both the VA and client stay aligned on the project goals.

Work schedule

When it comes to a contract job, the work schedule is typically more flexible than in a traditional 9-5 position. However, the level of flexibility may vary. Some contracts may specify working hours, especially if the VA needs to align with the client’s time zone. Other clients may prefer measuring milestones or completed assignments instead of work hours. This type of arrangement gives the VA the freedom to manage its own schedule as long as it meets deadlines.

Independent contractor status

VAs with contract jobs are considered independent contractors rather than employees. This means they don’t have similar benefits, such as health insurance, retirement contributions, or other employee perks. It also means that independent contractors are responsible for managing their own taxes and insurance, giving them more autonomy and responsibility at the same time.

Compensation

The payment structure for a contract job can vary from hourly, per project, or per milestone. It can depend on a variety of things as well, from the nature of work to contract duration and the company’s policies.

It’s important for VAs to always ensure that important details such as the rate, payment schedule, and payment methods are properly documented in their contract. This helps avoid misunderstandings as the work progresses. Additionally, you must remember that an independent contractor must be responsible for managing their own taxes and financial planning.

Renewal or extension opportunities

Delivering excellent work can lead to opportunities that can lead to contract renewal or extension opportunities. While most contract jobs work with a fixed timeline, they can be updated if both parties agree.

Written agreement

As a remote professional, you know how some opportunities can seem too good to be true, which is why a written contract is essential. A formal independent contractor agreement protects both you, the virtual assistant.

Before signing, make sure to properly review the details. The agreement should clearly outline expectations, deliverables, timelines, payment terms, and other important clauses that may be required for the engagement. If anything is unclear or you think something is missing, make sure to request clarification or propose revisions before moving forward.

Top benefits: Why work as an independent contractor?

Now that we’ve covered what is a contract position job and the key components, it’s time to cover another important question. Why should you work as an independent contractor?

Flexibility

Independent contractor roles offer significantly more flexibility compared to traditional 9-to-5 office jobs. With contract work, you get to choose opportunities with varying commitment levels—from as little as 10 hours per week to full-time 40-hour engagements—and, at times, across different time zones.

This alternative career option gives you the freedom to select projects that align with your lifestyle, personal schedule, or non-work commitments. It can be ideal for those who value work–life balance or responsibilities (e.g., parenting, caregiving, further studies, or managing a business on the side).

Diverse experience

Working as an independent contractor allows you to collaborate with various clients and industries. This diverse experience can help you showcase and sharpen different skill sets, enabling you to grow professionally.

It also helps you build a wide-ranging portfolio, highlighting your versatility. Instead of limiting yourself to one role or industry, you can take on diverse projects, whether it’s admin support, ecommerce, or creative design.

Earning potential

As a remote professional doing contract work, you can look into various opportunities that best match your preferred contractor rate. Unlike fixed monthly salaries in traditional employment, there are different ways to increase your income. You can scale your earnings by taking on multiple clients or projects for certain months. Alternatively, you can focus on niche skills that are in high demand. 

Sign up to be a 20four7VA virtual assistant (VA) and reap these great benefits!

Is a contract job right for you?

A contract job offers various benefits and can actually be the more practical choice for plenty of professionals. But how do you know it’s the right choice for you? Here’s a quick comparison between independent contractor work vs. a full-time job:

How to Find Contract Jobs as a Virtual Assistant

Finding contract work opportunities is simpler than ever with the rise of remote work platforms and other hiring networks. Here are some of the top ways to land VA contract jobs:

Online job boards

There are freelance marketplaces that allow you to create a profile and apply for contract-based projects. These platforms offer opportunities across various countries and specializations, like data entry and social media management. However, competition and the risk of encountering scams are high.

Online communities and LinkedIn

Joining LinkedIn and Facebook groups for VAs can be a way for you to find contract job leads. When you have a consistent presence in these communities, you may find opportunities through referrals or community recommendations. However, it’s still important to do your own research and vet potential clients before accepting any offer.

Remote staffing agencies

As a VA, you want to focus on doing your work without worrying about following up or ensuring you have all your bases covered. In cases like this, partnering with a reputable remote staffing agency, such as 20four7VA, is your best choice. These agencies match you with vetted clients, assist with onboarding, and provide support throughout the engagement. Since VA staffing is their forte, they’ll work on compliance and even client communications, giving you the peace of mind to do what you do best.

Practical tips for VAs

Already considering pursuing contract work? Keep these practical tips in mind to get you started.

Build a professional profile and portfolio

Creating a strong online presence complete with your skills, experience, and results. LinkedIn is the way to go if you don’t have a personal website. Make sure to highlight your niche expertise and include past work samples, even testimonials from previous clients.

Additionally, don’t forget to proofread and edit! A polished profile free from mistakes adds credibility and builds trust with potential clients.

Don’t use a generic resume

When applying for contract job opportunities, avoid recycling your resume without making the right edits. A strong resume includes  skills that match the client’s needs, especially tools and processes. For example, if the client is an e-commerce business, emphasize your proficiency in Shopify, customer service skills, and experience in inventory management instead of generic clerical tasks.

Skip outdated or unrelated experience that doesn’t add value to the role. Clients are looking for clarity and relevance, not a full history. Focus on what proves you can do their job effectively.

Understand contract terms before signing

We cannot emphasize this enough: take the time to review the contract before agreeing or signing. Clarify the details if needed. Understanding the agreement protects you and sets the tone for a smooth, professional relationship with the client.

Find the right VA contract job for you

Contract work offers so many possibilities to professionals. It can be a flexible way to build a career and can even be a more practical option for workers balancing other important responsibilities, whether it’s parenting, caregiving, or managing a side business.

The key is to select opportunities that align not just with your skills, but with your lifestyle, long-term goals, and preferred working style. Make sure to maintain a professional profile to attract opportunities that best match what you’re aiming for. Lastly, make sure to evaluate each opportunity carefully. This way, you can be one step closer to a fulfilling and sustainable remote career.

Ready to start your career as a VA? Build your career with us! Visit our Careers page to get started.

 

Frequently Asked Questions (FAQs)

What is a contract job?	A contract job is a type of work arrangement where you’re hired for a specific project, role, or time period rather than being employed full-time by a company.
Are independent contractors considered employees?	No. Independent contractors are not considered employees of their clients. They’re self-employed professionals who provide services to clients. They manage their own taxes, health insurance, and other benefits.
Is being an independent contractor the right choice for me?	Being a contractor can be a legitimate career choice if you value flexibility, variety of work, and control over your schedule. It’s also a pragmatic choice if you’re balancing other responsibilities, such as parenting, pursuing further studies, or running a side business.