Posted by Anonymous on 4/25/06 2:33pm
Msg #115813

New California Signing Company - Covers California Only

Hello,

I am starting a California state-wide signing company. If you would like to be an approved notary with us please go to 7daynotary.com and follow the prompts to sign up as a notary signing agent. Please let me know what kind of experience you have. I will be splitting the commission 50/50 with you.

I hope to hear from you soon

Reply by Sign/SealCO on 4/25/06 2:37pm
Msg #115814

50/50 seems pretty steep to me. Say TC/lenders are paying $150 for a signing. With you taking $75 that leaves $50 signing fee and $25 printing fee for SA.

Reply by Anonymous on 4/25/06 2:41pm
Msg #115815

Actually my fees are as follows:

$125 1st over-night docs - Notary makes $62.50
$175 1st and 2nd over-night docs - Notary makes $87.50
$175 - 1st e-docs - Notary Makes $87.50
$225 - 1st and 2nd e-docs - Notary makes $112.50

I work for several siging companies I actually make a little less than what I will be paying my notaries

Reply by Sign/SealCO on 4/25/06 2:44pm
Msg #115816

Re: Still just a little above a $50 company. JMO. n/m

Reply by kkdmiddleton on 4/25/06 2:45pm
Msg #115818

I was thinking the same thing. n/m

Reply by Nicole_NCali on 4/25/06 2:45pm
Msg #115817

Disparate Business Practice afoot...

Your fee structure is not equitable and does not compensate for increased gas prices, expertise, and possible re-draws/re-signs.

I would suggest that you establish a percentage based structure that would encompass what you are actually putting out, maybe 25% of base fee. Remember, you are not assuming the risk but actually filtering out the work.

Reply by Jersey_Boy on 4/25/06 2:51pm
Msg #115819

Sheesh... wha't goin on?

Why would you give the notary 50/50 on an overnight deal and 50/50 on an edoc deal.

How is the work any different for you if it's overnights or edocs.

Re-think your business practices, then get back to me.... lol

Glad I'm not in California.

Reply by Anonymous on 4/25/06 2:56pm
Msg #115821

Re: Sheesh... wha't goin on?

Ok guys...give me a break here!

I am brand new and have spent thousands of dollars to start my business!

If 50/50 is too low I will re-think it...I would appreciate some positive responses not just negative...it's not easy or cheap starting up your own business.

Reply by Sign/SealCO on 4/25/06 3:01pm
Msg #115822

Re: Sheesh... wha't goin on?

as independent contractors, we have our own business as well and have thousands of dollars invested. We have equipment purchases, supplies, wear and tear on our vehicles, and I'm not even getting started on the price of gas.

You don't want to hear the negative, but what qualifies you to 50% of the pie?

Reply by sue_pa on 4/25/06 7:51pm
Msg #115897

Re: Sheesh... wha't goin on?

good luck. If you're ready to open your doors and are here taking our advice on fee structure you're doomed before you've started because you haven't yet figured out how to run your business - and most experienced notaries will not allow you to learn off our backs.

Reply by Nicole_NCali on 4/25/06 3:08pm
Msg #115824

I am not trying to shoot you down, but....

Here are some questions that you must ask yourself:

What is your volume?

If you, as a signing service have a potential volume of signings, then you can make up your start up costs within 2 years and still be able to operate.

ie: 500 orders come in for your SS.

You charge title: $125 per signed loan package or $100

your potential revenue is $50,000.00

consider your fee structure for vendors along with that goal.

I know that the above numbers are not realistic, but think about it real carefully.

Reply by Anonymous on 4/25/06 3:14pm
Msg #115827

Re: I am not trying to shoot you down, but....

Thank you for the advice....I appreciate the fact that you weren't mean or negative with me...your constructive criticism is appreciated

Reply by CaliNotary on 4/26/06 1:56am
Msg #116014

Re: I am not trying to shoot you down, but....

"I appreciate the fact that you weren't mean or negative with me...your constructive criticism is appreciated"

Constructive criticism by nature is negative. It can be worded nicely, but it's still telling you you're doing something wrong.

I wish I could remember who said it on this board but I'm stealing it - look at the message, not the delivery.

Reply by Jenny_CA on 4/25/06 3:16pm
Msg #115828

Re: I am not trying to shoot you down, but....

You might also consider the saturation areas. Your fees are very close to what I charge for my area and I am not a signing service.

Reply by Sign/SealCO on 4/25/06 3:33pm
Msg #115834

Re: Exactly Jenny

btw Anon, there is a big difference between being mean and putting you down, and from realistic people telling you that a 50% cut is far from acceptable. just remember that you get exactly what you pay.

Reply by Ndwa on 4/25/06 4:51pm
Msg #115849

I've spent thousand$ too

From an SA stand point, a 65/35 split to SA is more realistic if you want to keep your client. Every business required investment and recovery should be calculated on a longterm basis. No offense, but your approach sounded like fly by SS where the most work (by SA) is not equitably compensate for with that equation.

Think respect...Respect....And Respect!

Reply by janCA on 4/25/06 5:03pm
Msg #115854

Re: Exactly Jenny

Do you have the capital to pay your notaries or will you be working on the premise of "when I get paid, you get paid"?

Reply by AngelinaAZ on 4/25/06 5:33pm
Msg #115862

Word Association.... The Original Post = I'm Disgusted n/m

Reply by AngelinaAZ on 4/25/06 5:35pm
Msg #115863

I meant #115815 = I'm Horrified n/m

Reply by MaryAnn/CO on 4/25/06 8:34pm
Msg #115920

Re: Sign/SealCo - Are you AKA "Signed and Sealed" n/m

Reply by Sign/SealCO on 4/25/06 10:21pm
Msg #115973

Re: MaryAnn, no I'm not Signed and Sealed n/m

Reply by BrendaTx on 4/25/06 9:32pm
Msg #115945

What is this? Comedy hour? Are you really serious about this?

Sorry Anon. That's not a good price structure.

If anyone here has seen an old cult favorite "Used Cars" just think of the guy with the shot gun shooting out high prices...

"Well....that's just tooooooooooooo *_*ing high! " Kablooey!!

Here's another excellent quote from the movie:

"I've just noticed something else. Mrs. Lopez, do you realized that your hair matches the color of these tires?"

and how about...

"This country is going to the dogs! You know, it used to be when you bought a politician, the son-of-a-b*h stayed bought!"

Yes...those were the days...25 years ago they knew how to make a movie...

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What was the question?????