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 How long to start making money?
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cnaylor

California
32 Posts

Posted - 07/17/2010 :  10:54:32 AM  Show Profile  Visit cnaylor's Homepage  Reply with Quote
It all depends on your definition of "making money".

If your starting out, and expecting to be the primary bread winner, IMHO your not going to make it in this economy at this time.

If your looking for extra spending money, you may achieve that.

This was (and still is) a full time thing for me. That said, is was, but is no longer a full time paycheck. I have taken on other work that enables me to do both.

So far as Jeremy's comments below. I've maintained my prices, I will not work for the cut rate jobs. That said, I've lost good Escrow company clients who have their own money worries, and have opted for the cut rate notaries, knowing that every so many will need re done. But if they can charge their client the same rate, and higher a notary for 1/2 of what they paid me, their money ahead for every job done correctly. There even, if every job needs redone once. It's hard to argue that financially on their end.

On the customer service side of the coin, considering they will only assist any given client once, and years between if again, they can easily pass the blame off on the notary, job after job, after job, and each client would be none the wiser.

Craig/CA

Edited by - cnaylor on 07/17/2010 10:56:50 AM
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n/a

Oregon
2 Posts

Posted - 06/20/2010 :  3:02:13 PM  Show Profile  Reply with Quote
I'm just starting and finding it difficult to break into. The most calls I've had was when I was hospice caretaker to my Dad. I only hope I didn't turn those customers off.

:)

Barb

Barbara M Bass
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DianaNotary

California
171 Posts

Posted - 06/18/2010 :  10:29:09 PM  Show Profile  Visit DianaNotary's Homepage  Reply with Quote
It’s not how long it’s going to take you to start making money as a Notary is how much $$??
Frankly, if you say yes to everyone, even those lousy cheap signing companies that offer $50 for the signing, that’s not going to take you too far… (cost, cost, cost).
I truly believe that less is more, meaning I’d rather work with reputable businesses, be ALWAYS on time to my appointments, and built up my reputation as a reliable notary, and of course I’ll have the Gods to charge more $$.
Now, it’s not a secret that Notaries are not making a lot of money…In California we are allowed to charge $10/signature. Of course, you can charge for travel as much as you like (and I am not saying charging $100/visit is going to make you reach as a Notary), but you have to be careful there.
CHECK YOUR COMPETITION OBJECTIVELLY, see how much they charge, balance the cost and expenses- that’s my advice.



http://www.DianaNotary.com
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PWinFL

Florida
469 Posts

Posted - 06/14/2010 :  06:18:22 AM  Show Profile  Visit PWinFL's Homepage  Reply with Quote
quote:
Originally posted by jbelmont
[brThe worst mistake notaries make is to not answer their phone or to be "busy". Don't be busy! Don't have a birthday party to go to. Just say, "Yes" to any request you get and thats [sic] the best way to accumulate regulars. You can't be at the top of anyone's list by saying "no" all the time.


So, you're saying if a company calls you for a 2 PM signing, and you know you are not going to be able to do it, for whatever reason, that you would go ahead and accept the assignment? IMPO, that's not a good business practice. Honesty is still the best policy.


Never drive any faster than your guardian angel can fly.

I am not an attorney licensed to practice law in the State of Florida,
and I may not give legal advice or accept fees for legal advice.


Visit us online at http://www.PAWnotary.com
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jbelmont

California
3106 Posts

Posted - 06/14/2010 :  12:44:55 AM  Show Profile  Visit jbelmont's Homepage  Reply with Quote
Many new notaries ask us how long it will take for them to start making money. In this economy, the answer might not be so wonderful. But, the technique is the same in any economy.

The trick in the notary business is to accumulate regular customers. That is where the money is. Websites get your name out there. The rest is up to making relationships with companies and individuals. Do good service, keep in touch with the job providers, and be available. The worst mistake notaries make is to not answer their phone or to be "busy". Don't be busy! Don't have a birthday party to go to. Just say, "Yes" to any request you get and thats the best way to accumulate regulars. You can't be at the top of anyone's list by saying "no" all the time.

Be the best notary in your area and get on the top of every signing and title company's list. Then you will get business. Have an extensive advertising presense. Allow time for your business to grow.

Everyone's story is different. It took me two years to get my mobile notary business to the point where I was working forty or more hours per week. I had no mentor and no clue as to how to advertise. If you do everything right, and are in an area which is not too crowded with notaries, perhaps a year and a half might be enough to have a lucrative and steady business.

Peaking out?
Every business has different cycles. There is the birth, growth, maturity, and decline. After a while, your business will get to the point where you are gaining new customers at the same rate you are losing them. Once you get to that point, pray that the new customers you are getting are BETTER than the old ones you are losing.

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