Posted by PJM/MI on 7/24/09 7:15am
Msg #297207

NNA still at it

I can't believe they are STILL advertising that "You can make $125,000.00 by becoming a certified signing agent".
I feel so sorry for those sucked into that BS advertising.

Reply by Jim/AL on 7/24/09 7:17am
Msg #297208

Does it say in a year or $125k in a lifetime,,lol

Reply by Teddog/CO on 7/24/09 7:25am
Msg #297209

Or maybe in 2 Lifetimes :) n/m

Reply by hp/MD on 7/24/09 7:59am
Msg #297212

Re: Or maybe in 2 Lifetimes :)

Add the life time of the future progeny. lol.

Reply by Barbara___IL on 7/24/09 9:17am
Msg #297215

How much do the NSAs make that are on here saying they have 8 or 9 booked for one day? I can never understand that.

Reply by MW/VA on 7/24/09 9:28am
Msg #297218

It is the NNA that's making the big bucks in this marketing campaign.
Do the math--if you get 825 people to sign up for cert/bgc at $150 that equals $123,750!
From out standpoint that $125,000 would mean doing about 1,250 signings/yr (using $100 per signing),
and that's 100 signings a month. Maybe those #s were possible during the "bubble", but I would be dead if I tried to do anything close to that.

Reply by Bob_Chicago on 7/24/09 10:05am
Msg #297232

"100 signings a month" Some of still are. Last time

I checked, I was very much alive.
I've been at this a long time.
A newbie just starting up now, would have to be very good, very lucky,
and in a great area to do those kind of numbers.

Reply by CH2inCA on 7/24/09 10:15am
Msg #297234

Re: "100 signings a month" Some of still are. Last time

How would that even be possible? If you do that math that's more than three signings A DAY EVERYDAY! I'm not saying it's not possible; and maybe I'm just being skeptical but it takes me a tight minimum of two and a half hours per job. If it's next door and little printing prep time and point and sign work (how often does that happen?). How can anyone possibly do 8 or 9? They'd be working 24 hours in a day.

Not impossible..I suppose.

Reply by CH2inCA on 7/24/09 10:16am
Msg #297235

Re: "100 signings a month" Some of still are. Last time

I forgot to add, that it would leave absolutely NO time for reading and posting on this forum..
So obviously I'm not one of the three jobs a day nor the 8 jobs a day. :0(

Reply by Linda_H/FL on 7/24/09 10:26am
Msg #297236

CH2 - it depends on yoyur area

As rural as I am, 3 is a full day for me - 4 is a real push - did 4 in one day once and will NEVER do it again, no matter how much money I'm offered...

Some more urban areas have shorter travel time in between OR have an office where people come to them - so 8-9/day yes could be a 12-14 hours day, but if you're sitting in one spot and people are coming to you, or you're traveling very short distances, it's very, very do-able.

MHO

Reply by Art_MD on 7/24/09 12:26pm
Msg #297270

Re: CH2 - it depends on yoyur area

Lets look at reality...

1. Assume you can get e-docs 2 hrs before closing
2. No printer problems
3. Average distance to signing is 1/2 hr.
4. You allow 1 hr for signing.

Start at 8AM.
Print docs for first 2 signings. 1/2 hr.
8:30 drive to first signing
9:00 - 10:00 first signing
10:00 drive to 2nd
10:30 - 11:30 2nd signing
11:30 drive home
12:00 home. Your docs for your next 2 signing are ready.

You've average 2 hrs/signing. Repeat above 3 times a day/5 days a week = 30 in a week.

Now, really, how often would everything be so perfect!!!!!!!

Art

Reply by Art_MD on 7/24/09 11:21am
Msg #297244

my max number in a month

Without going thru my old records, I think the most I ever did in a month was 62.. And I was really humping it and this was at the peak of the refi movement.

Art

Reply by jojo_MN on 7/24/09 11:33am
Msg #297249

Re: "100 signings a month" Some of still are. Last time

Back in 2004 and 2005, I was doing 4-6 per day at least 5 days per week. Some Saturdays and Sundays with one or two. I even had to hire a full time assistant to help me out. Unfortunately, after the fall-out, I'm lucky to get 5-7 per week.

Reply by sue_pa on 7/24/09 10:59am
Msg #297240

I'm also alive n/m

Reply by NewPhoenix on 7/24/09 11:31am
Msg #297248

"100 signings a month" Bob and Sue?

So Bob and Sue you are consistently now doing 3 - 4 a day, six days a week, week after week? Not trying to be nosy, just wondering if that is currently a worthwhile goal to have...? I myself do have days like that but just a few during the last days of the month, and at other times have nothing for days at a time.

Reply by Bob_Chicago on 7/24/09 12:10pm
Msg #297263

I can't speak for Sue ( other than knowing that

she has been in the biz for a long time and clearly
knows what she is doing), but I have about 4-5 million folks
living with in 50 miles of me and NOTROT shows about 300 NSAs,
many of whom, I'm sure, are not active or only do this part time.
Also Chicago has a diverse economy, and has not been hit as hard
as some areas by a huge reduction in appraised values.
My children are all married, so my schedule is mine to set.

Reply by Lee/AR on 7/24/09 12:42pm
Msg #297276

Re: I can't speak for Sue ( other than knowing that

To a large degree, the number of signings/month directly correlates to the population in the area you serve. I have no doubt that a few people are in the right areas, don't have to travel too far for a signing and, therefore, have more jobs available to them and can do many more/day than I am able to do. No doubt in my mind at all that it's possible and that these people work very hard at it.

Reply by JanetK_CA on 7/24/09 4:27pm
Msg #297318

I'm sure that's true - but not the point

The point is that someone just getting into this business, unless all their stars are perfectly aligned, is very highly unlikely to be able to replicate what people like Bob and Sue have been able to create over a good many years in this business. The much greater likelihood for a newbie is that they will have to cut their teeth on very low paying assignments and bottom feed to get any experience in most areas and in this market. (If they're in a rural area with few other NSAs to compete with, then the lower population means less potential business.) Most of them will probably quit long before they get any kind of steady income established.

As a result, anyone who is advertising that a person can jump into this business and make that kind of money is grossly misleading would-be takers. Very sad...

Reply by sue_pa on 7/25/09 9:02am
Msg #297383

Re: "100 signings a month" Bob and Sue?

Ardel and Janet both have it right in so many respects. FIRST you must live in an area with people. SECOND, you need experience and with experience comes the THIRD ...contacts ... a large client base with various types of work. FOURTH, you must be available to work. FIFTH you need to be an asset to your client ... reading these boards this one appears to be an area that needs a HUGE amount of work from so many.

I saw someone used an average of $100 per order ... well that's one problem ... that's way too low.

The example of printing, going, coming back, etc., is also a very poor example. You need a wide range of customers with various kinds of work. I still get overnight packages, packages overnighted to the borrower, packages delivered to the table, and e-docs ... although many are last minute I also get some that are sent days prior to the appointment.

I have worked for 20 different companies in July ... my fees ranged from $50 to $250 ... not many $50's and only one $250. I read on 12X a post that says you can't make money on a $50 order ... not with the example used but if you are smart, $50 orders can be a great profitable fill in if you can figure it out.

Reply by MW/VA on 7/25/09 10:08am
Msg #297395

Re: "100 signings a month" Bob and Sue?

KUDOS to Bob & Sue for being so successful! That's fantastic & an inspiration to us all.
I had heard of some CA notaries that were making major $$$$ a few years ago. They were set up with mobile offices, printing on the road, and running appts. all day long.
Most notaries will not come right out & say what they're making at this. I'm doing well, but the only way I could go to 6 figures would be to have a staff--someone to stay at the office, print docs, shipping labels, coordinate appts., etc.
The part that gets me is the NNA marketing this to newbies as a 6-figure income profession.
It's taken me four years to build my business to where it is now. I know how many I can handle in a day without major screw-ups, and without compromising the quality of service each client deserves.