To preface this, I’ve been a lurker on these forums for quite some time and I’ve noticed a ton of expectations lately that seem too unrealistic. I’m a NSA out of Michigan and have been one for the past 7 years. I usually pull in at least 8k worth of business every month but it takes a LONG time to get to that point. I see a ton of newer notaries looking to make fast money or expecting SS or TC to come to them over seasoned notaries while they have very little experience.
A few tips that I’d suggest for newer Notaries that are just getting into this:
Don’t quit your day job!!! I’ve seen a few posts lately where people seem to put all of their eggs in this basket and are expecting instant results. When I started as a SA I did this on the side of my main job in hopes of just getting a little extra income on the side, hell even an extra 1k a month would’ve been great. Eventually after years of work and marketing I was able to turn this side job into my main one. Most of the seasoned LSA’ on these forums can tell you that this is not a sprint, it’s a MARATHON.
Take what you can get early. I see a ton of people making topics about low ball fees and what they wouldn’t take. If you live in a saturated area (which many here do) you are already behind the 8 ball. When I started I took a ton of debt consolidations, timeshare refis and annuities. Yea the pay sucked, hell the documents sucked but it allowed me to get my foot in the door and that’s what newer notaries should be aiming to do. Notarygo, coast to coast, etc will have to be your priority for a while when you start. If you have issues with the fees refer to tip #1.
Take fair fees. This one will be controversial because my feelings differ from a lot of others about fees. I wont start my car for under $100 but I wont beg and demand for top end money either. I work with a few TC directly and am compensated very well when I have to go out of the way because they know I’m fair with my prices and they wont have to negotiate too much. By doing that I stay at the top of their list and I make more than enough. This month has been the slowest in a while but I’ll still hit over 60 closings this month. On average I do around 90 per month.
Market yourself. This doesn’t mean just going into TC’s cold, this means every call you have with a SS make yourself someone they can remember. When you go to a signing give give out business cards to your signers. You wouldn’t believe the amount of general notary work I do on the side from previous borrowers that need POA forms or bank forms notarized (sometimes immediately after the signing is complete).
This is a very lucrative business, even when it’s not a hot season but to get to that point you can’t cut corners. This isn’t to discourage anyone but to set realistic expectations.
Thanks for reading