123Notary
Enter Zip, City, or County... i.e. orange,NY or 90019
Search Method:    regular time edocs
Mobile Notary / Signing Agent Discussion ForumDear Signing Agents,
You need to REGISTER and have a password to post or reply to discussion topics. Please remember, your password for your listing on 123notary.com is NOT RELATED to and is different from your password on the forum. Your password on the forum can be whatever you want it to be.
Lookup a specific signing company, word, or phrase
Mobile Notary / Signing Agent Discussion Forum
Register | String Format | Index Format | Active Topics | Hot Topics | Preview Topics | Advanced Search | Members | Profile | Tutorial | FAQ
Username:
Password:
Save Password
Forgot your Password?

 All Forums
 The 123notary.com Forum for Signing Agents
 Newbie & Mentoring Section
 This is what a signing agent makes
 New Topic  Reply to Topic
 Printer Friendly
1 -1  Be the first person to vote!
Author Previous Topic Topic Next Topic  

NavyNotary

Texas
1 Posts

Posted - 12/29/2017 :  12:40:50 PM  Show Profile  Visit NavyNotary's Homepage  Reply with Quote
Hello and thank you for the list of things to be considered. I'm a newbie and every little bit helps. My biggest change will be my wardrobe upgrade - I'm looking forward to it, but it will cost money non-the-less.

Thomas

quote:
Originally posted by Dannotary

HOW MUCH DO YOU MAKE AS A NOTARY SIGNING AGENT???
Here are your expenses:
Costs of commission testing
Any other testing, certification costs
Bond and filing it
E&O ins
Notary Law Primer and any other related books/educational material
Journals
Notary stamps
Other stamps (name, date, etc)
Ink for stamps
Thumbprint ink
NNA or other membership costs
Business card, other advertising, listings on internet etc
Alcohol wipes or kleenex for peoples thumbs
Stickies to mark your notarized pages and make notes in package
Paper clips, rubber bands, pens, pencils, binder clips and manila envelopes for your borrowers copies
Locking file cabinet, file folders, file hangers, alphabetic accordion files for your invoices and check stubs
Calculator
Brief case
Office furniture, desk, shelf, chair, storage etc, desk lamp
Your computer costs divided by how many years you use it
Your printer costs divided by how many years you use it
Monthly maintenance fees for your printer/copier
Repair fees for computer /printer/copier
Cell phone and land line costs
Parking and tolls
Printer paper and toner
Self employment tax/ paying into Social Security at about 15%
Costs of having taxes done
Gasoline, car ins, and car maintenance and repair bills
Mileage (about 80% for business )
Write off a portion of your home for office, and utility bills, and internet costs
All your business clothes are not a write off and you must be dressed like you work at a bank or professional office, anything less, and you are undermining your possibility for any success at this.
Remember as a self employed person , you are paying your own health insurance too.
Add up all these expenses yearly, divide these expenses by HOW MANY SIGNINGS YOU HAVE DONE IN THE YEAR.. ( keep track daily , weekly, monthly , yearly in your planner with a note on how much each appt. paid.)
Add up your yearly gross and subtract the expenses, plus subtract 15% for taxes and this is your NET PROFIT, ( what you actually took home). Divide the number of appointments you did in the year by your NET profit and this is what you made for each appt. Now divide that by how much time it took you on the average to do one appt.
Doing 15 appts a week is about 780 appts a year (52 weeks). Averaging 125. An appt, you net about 62. An appt. If it takes you about 2.5 hrs on average to do an appt, you made about 24.80 an hour.
For appts that are within 10-12 miles from home, 15 mins to get there, 20 mins to go to Fed x UPS, wait in line to drop package, 15 mins to get home, 30 mins to print and set up/prepare package before going, and average only taking 40-45 mins to sign if you are experienced and fast. Give or take some minutes.
If there are more than 2 people signing, CHARGE 25-50. MORE, your printing costs go up, and your time is longer, also more notarizations which in Calif. Is based on 10. A signature.
If you use another language, $25. More, this is a skill set that you possess and that is a service you are providing Ė charge for it!
125. an appt is not enough folks. Also consider that Notaries Public have UNLIMITED LILABILITY- THIS MEANS YOU CAN BE SUED AND LOSE YOUR HOUSE, CAR ETC. What self employed jobs carrying this type of responsibility??????? Scary.
Also in California, your journal entries have to be for every document you notarized, and you have to write their ID info, and address FOR EACH BORROWER, over and over again in the book, NO DITTO MARKS!, plus attached acknowledgements and jurats a lot of times because the pre printed verbiage many times, is something we canít use. More time.
NEVER travel farther than 10-12 miles- not worth the extra $20-$25. They offer. What if you have to go back for something missed? Now you made nothing.
CAUTION!! THIS IS EXTREMELY SERIOUS AND DIFFICULT WORK.


Go to Top of Page

Angela V

California
36 Posts

Posted - 03/17/2017 :  3:04:39 PM  Show Profile  Visit Angela V's Homepage  Reply with Quote
So true Dan! Great list. I would like to add to your list the expense of doing jobs that end up paying you nothing! As many precautions as we take, sometimes, it just happens.

On the other hand, I have had some invaluable experiences helping people that have made my day, and I've even been tipped!

Angela V
Go to Top of Page

Dannotary

California
265 Posts

Posted - 11/20/2016 :  4:53:53 PM  Show Profile  Visit Dannotary's Homepage  Reply with Quote
HOW MUCH DO YOU MAKE AS A NOTARY SIGNING AGENT???
Here are your expenses:
Costs of commission testing
Any other testing, certification costs
Bond and filing it
E&O ins
Notary Law Primer and any other related books/educational material
Journals
Notary stamps
Other stamps (name, date, etc)
Ink for stamps
Thumbprint ink
NNA or other membership costs
Business card, other advertising, listings on internet etc
Alcohol wipes or kleenex for peoples thumbs
Stickies to mark your notarized pages and make notes in package
Paper clips, rubber bands, pens, pencils, binder clips and manila envelopes for your borrowers copies
Locking file cabinet, file folders, file hangers, alphabetic accordion files for your invoices and check stubs
Calculator
Brief case
Office furniture, desk, shelf, chair, storage etc, desk lamp
Your computer costs divided by how many years you use it
Your printer costs divided by how many years you use it
Monthly maintenance fees for your printer/copier
Repair fees for computer /printer/copier
Cell phone and land line costs
Parking and tolls
Printer paper and toner
Self employment tax/ paying into Social Security at about 15%
Costs of having taxes done
Gasoline, car ins, and car maintenance and repair bills
Mileage (about 80% for business )
Write off a portion of your home for office, and utility bills, and internet costs
All your business clothes are not a write off and you must be dressed like you work at a bank or professional office, anything less, and you are undermining your possibility for any success at this.
Remember as a self employed person , you are paying your own health insurance too.
Add up all these expenses yearly, divide these expenses by HOW MANY SIGNINGS YOU HAVE DONE IN THE YEAR.. ( keep track daily , weekly, monthly , yearly in your planner with a note on how much each appt. paid.)
Add up your yearly gross and subtract the expenses, plus subtract 15% for taxes and this is your NET PROFIT, ( what you actually took home). Divide the number of appointments you did in the year by your NET profit and this is what you made for each appt. Now divide that by how much time it took you on the average to do one appt.
Doing 15 appts a week is about 780 appts a year (52 weeks). Averaging 125. An appt, you net about 62. An appt. If it takes you about 2.5 hrs on average to do an appt, you made about 24.80 an hour.
For appts that are within 10-12 miles from home, 15 mins to get there, 20 mins to go to Fed x UPS, wait in line to drop package, 15 mins to get home, 30 mins to print and set up/prepare package before going, and average only taking 40-45 mins to sign if you are experienced and fast. Give or take some minutes.
If there are more than 2 people signing, CHARGE 25-50. MORE, your printing costs go up, and your time is longer, also more notarizations which in Calif. Is based on 10. A signature.
If you use another language, $25. More, this is a skill set that you possess and that is a service you are providing Ė charge for it!
125. an appt is not enough folks. Also consider that Notaries Public have UNLIMITED LILABILITY- THIS MEANS YOU CAN BE SUED AND LOSE YOUR HOUSE, CAR ETC. What self employed jobs carrying this type of responsibility??????? Scary.
Also in California, your journal entries have to be for every document you notarized, and you have to write their ID info, and address FOR EACH BORROWER, over and over again in the book, NO DITTO MARKS!, plus attached acknowledgements and jurats a lot of times because the pre printed verbiage many times, is something we canít use. More time.
NEVER travel farther than 10-12 miles- not worth the extra $20-$25. They offer. What if you have to go back for something missed? Now you made nothing.
CAUTION!! THIS IS EXTREMELY SERIOUS AND DIFFICULT WORK.
  Previous Topic Topic Next Topic  
 New Topic  Reply to Topic
 Printer Friendly
Jump To:


Mobile Notary / Signing Agent Discussion Forum © 123notary.com Go To Top Of Page

Tips for using the forum
The most important feature on the forum is the search box. You can look up a particular word, phrase, name of a company, and see a potentially large list of search results with which you can obtain data. Filters are also valuable. If you want to find popular posts, you can use the number of views filter. You can also see whats new with the active topics link. Email us at info@123notary.com if you need any help using the notary forum.

Resources
The notary public resource page is valuable as it has links to all of the free information pages for notaries. Pages linked to the resource page include a page that teaches you everything you need to know to get the most out of your listing. Another page teaches you all the secrets of getting paid. There is a link to our free list of signing companies. There is also a glossary, learning tools, and much more. If you are a notary, the free tips we give are invaluable.

Popular pages
If you visit 123notary.com often, you might want to visit some of our most popular pages such as the California notary, Texas notary, Florida notary, and New York notary pages to browse the site. We also have valuable pages for notaries such as the free list of signing companies, and the resource page. Please also visit our get notarized and notarized letter page.