Posted by Douley Yates on 1/28/08 11:43pm
Msg #232916

Getting started

I have been a Notary for months now, but I just do not know how to go about making money. Could someone please tell me how?

Reply by Roger_OH on 1/28/08 11:53pm
Msg #232917

Maryland requires, among other things, a Title Producers License to do loan signings. It's an expensive endeavor, and there's not a heck of a lot of loan business anywhere right now. Also check your zip code under the "find a notary" tab and get an idea of how much competition you face in your area.

The question arises as to what motivated you to try this business (perhaps a national seminar promising $$$$$)? Doesn't seem like you've done too much research so far to see if it's a viable thing for you, or have any semblance of a business plan. You'll reap what you sow.

You can do general notary work, but likely won't see much more than pin money without extensive marketing.

Reply by desktopfull on 1/28/08 11:57pm
Msg #232918

Go get a job, where an employer can tell you what to do

you wouldn't possibly make it being self-employed since you don't have any idea of how to start a business.

Reply by PeterRado/FL on 1/29/08 12:21am
Msg #232921

Re: Go get a job, where an employer can tell you what to do

WOW thats rough... BUT TRUE!

Reply by Susan Fischer on 1/29/08 1:51am
Msg #232922

No, it's not 'rough,' it's the flat truth. You can tell who

the readers are. The readers read the first page, then enter the discussion area, then read, and read, and read, and read. They pose appropriate remarks, good questions.

Then there are the non-readers, who catch headlines, hope for the moon, and expect the working world to deliver the goods. They jump into the pool without looking, and either come up smarter and wiser, or sink like stones.

Reply by Glenn Strickler on 1/29/08 2:14am
Msg #232923

I can't help but to think .....

that this posting along with a few others lately, have been someone signing up with fictitious information just to yank our chains. Too simplistic in nature ...... JMHO. Sorry if I am wrong.

Reply by MichiganAl on 1/29/08 12:46pm
Msg #232964

I've been thinking the same thing.

People can't REALLY be this clueless when it comes to their livelihood, can they?

Reply by BBuchler/CA on 1/29/08 4:06am
Msg #232924

I'm with you on that Glenn. n/m

Reply by docs1954CA on 1/29/08 10:30am
Msg #232942

Yes, I see the trend too

One week it's Howdy, then Tinkie,then MrNumber1...Gotta stop responding to these pleas for help....if that's what they are.....

Reply by Linda_H/FL on 1/29/08 8:59am
Msg #232930

Might want to invest in Laura Vestanen's marketing book n/m

Reply by CJ on 1/29/08 1:23pm
Msg #232971

I have experience and connections.

I have averaged 1000 signings a year for the past 7 years. I have sometimes made $5,000 in one month. I am in over 100 data bases. I KNOW how to make money doing this.

I will tell you this: I am also sitting at home today without the phone ringing. I have called many people who I have worked for in the past to remind them about me, and their phones are disconnected. The people who are still picking up their phones have no work for me or anyone else. I dig up old invoices and call the clients since the SS are out of business, and the clients are out of business too. I do invoicing in my free time (which I have tons of), and the people who owe me money have also disconnected their phones.

As long as you hear in the news, "Forclosures at all time highs", "Lenders won't lend", "People losing equity", there is no reason for anyone to call us. (P.S. There are going to be out-of-control foreclosures for the next three years, becuase that was how long they were selling sub-primes, and they all have a 3 year PPP looming in the future.)

Since this downturn, tons of lenders, brokers, title people and signing services have gone out business. I am talking about hundreds of thousands of people across the nation. Many of them have become notaries since they understand loan docs. So we have a glut of notaries, and no work for anyone.

Before the subprime crises, I had done over 100 jobs per month. Last month I did 20. And I did THAT many becuase I am one of the top notaries in my area.