NOTE: This thread is especially for those who are new to this Business Sector. In particular, those who are performing due diligence & Researching prior to launching a business & investing your hard-earned funds.
It’s being created because this is an oft-asked question on the Notary Cafe forum.
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As a professional signing agent [PSA] who has provided these services for nearly two decades, I regularly share on the Notary Cafe forum that it’s all about location, Location, LOCATION! Yes, just like in Real Estate . . . this is one of the principal reasons why some are able to launch a business within this business sector & promptly receive Signing Orders AND why others don’t.
Of course, the knowledge, skills, & abilities brought from business acumen & tenure contribute greatly to success. Also, marketing skills & relationships/networking definitively contribute to success as an entrepreneur in this sector.
As with Investing in the Stock Market (or any other type of Venture), ***individual results do vary.***Some “used-car salesman” types will mislead their audience via YouTube videos touting "You can easily make $100K per year!" These is clearly a deceptive marketing technique.
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Here are a few key points of unadulterated truth:
There are courses, seminars, mentorship services, and training programs that are omnipresent across the internet landscape => ALL of which promise an “easy-peasy $100K/year income . . .” however, the reality is starkly different from what is touted by those who are hawking their wares online & via social media. Remember, if it sounds too good to be true . . .
Those who launched the courses, seminars, mentorship services, and training programs have done so specifically because they were unable to make a living as a Professional Signing Agent [PSA]. They engage in explicitly deceptive marketing techniques.
Dog-eat-dog type of competition. How does one know that? Just look at how the Fees for the PSA services continue to plummet to the bottom. The Fees currently pushed by multiple Signing Services [SSs] WON’T cover the cost of GASOLINE to drive to the signing location, let alone all of the other out-of-pocket expenses, and the regular overhead expenses required to provide those services.
It’s definitively NOT a dramatic overstatement that saturated markets are driving down Fees.
Anyone new to this business sector (over the last 2 years or so) may jump in with BOTH FEET without performing due diligence only to realize they were sold the sizzle, but none of the steak . . .
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I regularly share this post I created in February of 2023:
It will serve you well to read each thread I referenced within the above-cited post. You’ll gain A LOT of knowledge! Of particular interest & one worth reading more than once is this link within that post (see below ):
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I’ve long been an advocate to my fellow Notary Cafe members (AKA fellow Business Owners) to perform their own Research PRIOR to launching a business within this sector & to vet those who are offering “advice” or “mentoring” to determine their motives in doing so . . .
This thread covers a frequently posed query & thought you’d find this information helpful.