In a tough housing market, reducing costs without impacting your ability to create marketing content that attracts more leads is essential.
Nowadays, YouTube has become the second-largest search engine for Real Estate consumers. So, Video Editors can boost your Real Estate marketing and keep your brand strong in front of buyers and sellers.
The National Association of REALTORS® predicts an economic downturn in the 2nd quarter of 2024. The NAR expects the US Real GDP to decrease from 3.5% in the 4th quarter of 2023 to 1.3%. Most Real Estate companies will decide to cut marketing expenses and staff. Instead, you can hire Virtual Video Editors and overcome competitors with fantastic video content.
VOOV’s Virtual Video Editors provide nine cost-saving benefits to brokerage owners, Real Estate managers, and professionals. Check out the great saving opportunities VOOV staffing services offer you with over 50% cost savings.
Effective Cost Savings by Hiring a VOOV Video Editor
1. Lower Labor Costs
2. Big Payroll Tax Savings
3. No Direct Cost for Health Insurance
4. Retirement Plan Cost
5. Savings in Office Equipment
6. Zero Office Furniture
7. No Office Space or Rent
8. Savings in Utilities
9. No Administrative Costs
10. Video Editing Software
We compared US labor costs in the Real Estate industry with VOOV virtual outsourcing services and found solid insights.
Find out how a Virtual Video Editor Can Help You Slash Marketing Costs and Keep High Quality
At VOOV, a Real Estate Virtual Video Editor is a trained, in-office virtual assistant who helps Realtors create compelling marketing videos for digital platforms like social media, YouTube, TikTok, or Real Estate websites. This professional is a graphic designer with excellent video editing skills and experience. Stunning video content in the Real Estate industry is critical to generating brand awareness and attracting leads to your services.
Realtors founded our Real Estate virtual staffing company from the United States and Central America, and we understand the challenges of Real Estate business operations.
We have a customer service office in Virginia Beach, USA. VOOV works from Nicaragua, which allows us to save costs and operate in all US time zones.
VOOV Gives Realtors three key advantages:
● Over 55% savings in operational costs
● Convenient US time zone service (Central Standard Time)
● Virtual in-office, fully-managed virtual assistants
VOOV provides Real Estate Virtual Assistants at affordable monthly fees. The fees range from $1,999 to $2,600, equivalent to $12.50 to $16.25 per hour. By hiring our virtual assistants, you can save both time and money.
Fractional virtual positions are also available at VOOV if you only look for services per task. To learn more about our fractional services, send us an email here.
For example, we have a part-time Video Editor services from $90 to $230 per edited video depending on the seconds or minutes of the final video spot.
Our best-value monthly fee for a full-time, in-office Virtual Video Editor is $2,600 per month or $16.25/hour.
Graph 1. Cost Savings with VOOV Video Editor
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Graph 2 shows the various components of United States Direct Labor Costs. These components include labor costs, payroll taxes, health insurance, retirement plans, office equipment, and furniture costs.
Graph 2. Direct Cost Savings
(US Video Editor vs VOOV Virtual Video Editor)
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Graph 3 shows how much money Realtors can save monthly with a VOOV Virtual Video Editor. They can save around $1,823 compared to the cost of having a full-time Real Estate Executive Assistant in the US.
The calculation is for a 10-worker office. The office is 100 sq ft. and has a monthly rent of $3,000. The rent includes essential utilities such as power, water, gas, phone, alarm, internet, and administrative costs.
Graph 3. Overhead Costs for US Realtors
(US Videographer vs VOOV Virtual Video Editor)
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Below, you find a very detailed cost chart. We compare the costs of a Real Estate Video Editor in the US to a Video Editor from VOOV.
Chart 1. Costs Comparison – US Employee Costs vs In-office Video Editor (2023-24)
Click to enlarge
In a nutshell, VOOV Video Editors services can deliver you around $4,244 in monthly Labor Direct Costs. You won’t have any costs for Overhead because VOOV has invested in excellent office infrastructure and administrative systems.
Discover how virtual assistants can support your business during challenging economic times and help you save costs. Let’s get started!
1. Lower Labor Costs for a Virtual Video Editor
According to Indeed.com, in the US, the average salary of an experienced Video Editor is $5,483.
The Video Editor’s average hourly salary is $34. These labor costs may vary due to local market conditions or seasonal factors. However, they give you a clear idea of how much you can save by hiring our Virtual Real Estate Video Editor.
VOOV provides a Virtual Video Editor for $2,600, saving you 50%. In US states, the savings can be even higher, up to 55% or more.
2. Payroll Tax Savings
Another benefit of hiring VOOV is that you can save the 7.65% Federal Payroll Tax for employers.
According to Forbes.com, the federal payroll tax is 15.3%. The employee covers one-half, and the employer covers the other 7.65%. But if you are a sole business owner, you’ll be responsible for a total tax of 15.3%.
So, in the VOOV’s Video Editor example, you can save around $4,244 per year in Payroll Taxes. At VOOV, Realtors pay a monthly fee that includes Nicaraguan labor taxes for virtual workers’ social security.
3. No Direct Cost for Health Insurance
About health insurance, you can save about $722 per month, saving $8,664 per year. With VOOV, your monthly fee includes the Nicaraguan public health coverage for the Virtual Video Editor.
4. Retirement Plan Cost
According to the 2021 Kaiser Family Foundation, employer healthcare insurance for one person costs around $7,739 per year (Business.com). Kaiser’s study indicated that employers’ health insurance costs increase by about 4% yearly.
The US’s Affordable Care Act (ACA) can fine employers who don’t provide health insurance to their employees. As stated by ACA, employers with 50+ full-time employees must give health insurance to 95% of them.
5. Savings in Office Equipment
At the VOOV office building, each virtual assistant has a laptop, backup battery, monitors, and headset for better service. By working with VOOV Real Estate Staffing company, you won’t have to worry about buying computer equipment.
According to Dell.com, a top graphical laptop can cost around $3,000 plus $170 in essential computer accessories.
6. Zero Office Furniture
Our VOOV office provides electric desks and comfortable chairs for our virtual workers to increase productivity. A regular desk in the US typically costs around $300 and a chair $69.
VOOV Video Editor working environment
When you need to grow with more labor-productive marketers, with VOOV, you won’t have to spend funds buying office furniture. Imagine you need three Virtual Marketing Assistants to handle your leads, admin tasks, and appointments. Hiring VOOV will save you $1,107 plus all required office supplies.
7. No Office Space
According to PriceItHere.com, you can expect to pay rent from $500 to $3,000 monthly for a small office of 100 to 500 square feet.
A medium-sized office can cost between $1,000 and $5,000 per month. The size of the office ranges from 500 to 1,000 square feet. The cost depends on the location of the office.
Hire VOOV’s Virtual Transaction Coordinators to grow your business without extra rent or a crowded workspace. In a 10-person office with a $3,000 monthly rent, hiring a virtual assistant can save about $3,600 per year.
With VOOV virtual outsourcing, you pay zero rent. You could create a virtual office with appointment setters or marketing experts to get more leads.
You can keep growing when your Real Estate competitors are downsizing!
Book your free call, and we’ll share our outsourcing expertise.
8. Savings in Utility Costs
You can save $44 per new employee every month on utility expenses. At VOOV, our monthly virtual service fee includes these utilities: power, water, gas, phone, Internet, and security alarm. In a year, you can save per new worker $533.
VOOV helps you grow and save money simultaneously because we provide the utilities for the work of our Virtual Marketing Assistants.
We estimate the typical utility monthly expenses to be about $444. So, if we divide this cost by ten people in a small office, we get $44 per new employee (Forbes.com).
9. Less Administrative Costs
For Administrative Costs, we use the example of having 1 Office Manager, 1 HR manager, and one office supervisor. The Office Manager would earn $7,417 per month. The HR manager $4,468 and the Office Supervisor $2,896 per month. These are salary figures provided by the platform Indeed.com.
So the sum of these salaries is $14,781. If we divide that figure by ten office employees, we get $ a cost per new employee of $1,478.
10. Video Editing Software
The Adobe Creative Cloud graphic design/video editing software license costs $89.99 monthly. Also, a professional marketing stock platform costs around $30 per month. This platform is crucial for accessing video, photos, icons, audio, and other digital assets for video editing and graphic design.
Conclusion
Hiring a VOOV’s Virtual Video Editor is an intelligent move for Real Estate professionals looking to grow in a challenging market. With the economic downturn forecasted by the National Association of REALTORS®, it’s more crucial than ever to find cost-effective solutions that don’t compromise quality.
VOOV’s Virtual Video Editors offer an ideal balance, providing $74K annual savings in labor costs while keeping the high standard of video content essential for attracting leads and enhancing brand presence.
Moreover, VOOV’s flexible service model, including full-time and fractional virtual positions, is tailored to meet diverse Real Estate marketing needs. Whether you require a part-time video editor for specific tasks or a full-time marketer, VOOV offers affordable and efficient solutions.
By choosing VOOV’s Virtual Video Editors, you’re not just cutting costs but investing in efficient, innovative marketing that will improve your short- and long-term profits.
