SD/CA of CA posted the below on 3/30/07 2:41pm Msg #182957 VERY solid, practical advice. Read and learn! If you're a newbee and take $50.00 signings, as I did, PLEASE read further.
I log ALL costs related to my notary business and after 3 years I figured it was time to find out where I was at financially. I also include all auto expenses (mileage) in the cost.
I took all income and all costs and found that 2/3 of my income was expenses. That means that for a $50.00 signing my profit was $16.67. Not good.
Now if you figure the minimum time it takes to do a simple signing, here's what you get. Pre-sign time: 1/2 hour minimum. Travel to site: 1/2 hour minimum Signing time: 1 hour minimum Travel home: 1/2 hour minimum Invoice/ship: 1/2 hour minimum Minimum Total: 3 hours
You're making less than $6.00 per hour.
Go to McDonald's, they pay more and there's less stress.
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Messages in this Thread |
| Almost everything you need to know to become successful - Dorothy/MI on 4/22/05 11:00am |
| Good job, Dorothy-MI! n/m - Brenda Stone on 4/22/05 11:07am |
| Thank you again, Dorothy and Brenda, et al!! - Mary Mantz on 4/22/05 4:42pm |
| further evidence of a slow down - anon on 4/22/05 11:48am |
| Loan Signer Training - Anya/LA (CA) on 4/22/05 1:04pm |
| Re: Loan Signer Training - MaggieMae_CA on 4/22/05 3:23pm |
| Re: Loan Signer Training - Mary Mantz on 4/22/05 4:45pm |
| Added to thread #33325-Counter-point View- NSA training - BrendaTX on 7/13/05 9:06am |
| Re: Loan Signer Training - Carlos/CA on 12/10/10 12:10pm |
| Re: further evidence of a slow down - Stephen_VA on 4/22/05 2:51pm |
| Re: Almost everything you need to know to become successful - chelleCA on 4/22/05 2:11pm |
| Re: Almost everything you need to know to become successful - Knotaree DC on 4/22/05 3:49pm |
| Re: ALMOST everything you need to know to become successful - JanetK/CA on 7/18/05 12:33am |
| Details and Accuracy are Important - adding to #33325 - BrendaTX on 7/14/05 11:00am |
| Re: Almost everything you need to know to become successful - Laura_NH on 4/22/05 10:50pm |
| Re: Almost everything you need to know to become successful - Sansan7 on 5/18/05 9:11pm |
| Re: Almost everything you need to know to become successful - David Woodul on 5/30/05 5:30pm |
| CA-Almost everything you need to know to become successful - Elda Garibay on 6/1/05 2:17pm |
| Re: Almost everything you need to know to become successful - sweetpea, al on 6/1/05 5:50pm |
| Re: Almost everything you need to know to become successful - nkroyall on 6/7/05 4:17pm |
| Additional information - Not an entitlement - Dorothy/MI on 6/13/05 8:57am |
| Bookmark 'em - BrendaTX on 6/13/05 9:32am |
| Re: Additional information - Not an entitlement - Judith_VA on 6/13/05 3:00pm |
| Re: Additional information - spell check - SamIam_CA on 6/13/05 3:27pm |
| Recommended Reading: As a new NSA..here is my perspective - BrendaTx on 6/13/05 9:32pm |
| Re: Recommended Reading: Added Nicole to #33325 thread n/m - BrendaTx on 6/13/05 9:33pm |
| Re: Additional information - Not an entitlement - NJDiva on 9/29/10 10:00pm |
| Adding to "Success" thread #33325 - Here's eDoc practice. - BrendaTx on 6/13/05 9:36pm |
| HP Printers/Printer Command Language (PCL) by PAW_Fl - BrendaTX on 6/17/05 8:51am |
| Re: Adding to "Success" thread #33325 - Here's eDoc practice. - katsr_CA on 8/31/05 2:40pm |
| Re: Adding to "Success" thread #33325 - Here's eDoc practice. - DTNotaries on 3/16/06 6:59pm |
| Re: 2nd link doesn't work any longer - Jodith/WA on 1/2/10 6:25pm |
| Jodith, this is a very old thread (4 years) - BrendaTx on 1/2/10 6:31pm |
| Re: Jodith, this is a very old thread (4 years) - Jodith Allen on 1/2/10 6:39pm |
| Re: More advice from Brenda/TX - Dorothy/MI on 6/16/05 9:55pm |
| Beginner's FAQs (Compliments of AngelinaAZ) - BrendaTX on 6/17/05 5:13am |
| Making the Confirmation Call...by Iris-WA - BrendaTX on 7/12/05 2:56pm |
| What Ernest CT says about the Confirmation Call - BrendaTX on 7/12/05 2:58pm |
| Why people are reluctant to post TC info from Nd_WA - BrendaTX on 7/21/05 8:10am |
| Re: Why people are reluctant to post TC info from Nd_WA - tfarmertx on 7/23/05 8:02pm |
| Acronyms regarding loans by Brian/CA - BrendaTX on 7/21/05 9:07pm |
| Re: Acronyms regarding loans by Brian/CA - linda/ca on 7/23/05 9:51pm |
| Re: Acronyms regarding loans by Brian/CA - linda/ca on 7/24/05 3:19am |
| End of Month - Bonnie/FL Explains - BrendaTX on 7/24/05 12:48pm |
| Accepting an Assignment / Quoting Fee / EOM (+ to #33325) - Brenda Stone on 7/26/05 4:13am |
| Small claims court for #33325 by Nicole & by Melody - BrendaTX on 7/26/05 5:05am |
| Quoting your fee to SS's...ASK like THIS - TCMN on 7/26/05 5:19pm |
| Birth, Labor & Delivery of a mortgage loan - by Renee Kovacs - BrendaTX on 9/19/05 1:07pm |
| Clues to spotting a Signing Services to void by Charles_CA - Iris Grayson on 9/19/05 4:11pm |
| Pricing and Fees by NorCalDar on 10/7/05 - BrendaTX on 10/7/05 1:47pm |
| Re: Pricing and Fees by NorCalDar on 10/7/05 - Nathan Ellsworth on 10/19/05 11:19pm |
| I disagree - the $10 @ is justified - ALL SONOMA MOBILE NOTARY - Judith Neeley on 2/19/08 9:13pm |
| Required Reading - NSA 101-Orientation by Roger OH - BrendaTx on 11/14/05 3:56pm |
| Required Reading - NSA 101 - UPDATE to #33325- by Roger OH - BrendaTx on 5/17/06 5:24pm |
| Adding #76283 to the thread of Message #33325 - BrendaTx on 1/27/06 12:21pm |
| Jersey Boy's 2 cents... Adding to #33325 - BrendaTx on 2/3/06 10:21am |
| Re: Almost everything you need to know to become successful - Brenda Stone on 2/5/06 3:50pm |
| For Income Tax starting place, see Msg #94550 - BrendaTx on 2/5/06 3:52pm |
| A Lesson on Attitude for New SAs... - BrendaTx on 2/9/06 3:00pm |
| A Lesson on Attitude for new SA's .... by JanetK_CA - TitleGalCA on 2/9/06 8:27pm |
| above post by JanetK_CA, not TitleGal N~M - TitleGalCA on 2/9/06 8:28pm |
| Posted from msg 95364 - Brenda_TX - Newbie Msg for Today - Dorothy_MI on 2/10/06 2:37pm |
| Re: Posted from msg 95364 - Brenda_TX - Newbie Msg for Today - lulu on 2/10/06 3:11pm |
| Msg List - Going Mobile - adding to #33325 (From BeccaFL) - BrendaTx on 2/13/06 10:20am |
| Mobile Office - adding to #33325 (From BeccaFL) w/ Keywords - BrendaTx on 2/13/06 10:25am |
| From CharlesCA - Adding to 33325 - True Professional Society - BrendaTx on 2/13/06 3:07pm |
| Tina of MA re: Fees - When to renegotiate a fee - BrendaTx on 3/28/06 4:06pm |
| The Other Side of the Coin (back by popular demand) - BrendaTx on 3/28/06 5:04pm |
| Discussing the title company solicitation....added to #33325 - BrendaTx on 3/31/06 2:55pm |
| No HUD with the package from PAW-FL //added to #33325 - BrendaTx on 4/2/06 12:59pm |
| Signing errors through the lenders eyes by Renee Kovacs - TitleGalCA on 4/5/06 11:31pm |
| Re: Almost everything you need to know to become successful - Anonymous from 71.66.111.249 on 4/30/06 6:24pm |
| Deed of Trust/Mortgage by Atty - Kevin/CT added to #33325 - BrendaTx on 5/2/06 12:28pm |
| Re: Deed of Trust/Mortgage - PAW - Added to #33325 - BrendaTx on 5/2/06 12:30pm |
| Notary Certifying Copy - See Thread beginning w/Msg #117135 n/m - BrendaTx on 5/2/06 12:32pm |
| Additional Info -- especially if you live alone - Dorothy_MI on 5/5/06 1:28pm |
| Manufactured Homes / Finding Info by Lawrence OK - BrendaTx on 5/7/06 7:55pm |
| Adding to #33325 - My First Signing & Marketing by eboughey - BrendaTx on 5/11/06 7:43am |
| Adding to 33325 - StamperWI - Standard Fees Calculation - BrendaTx on 5/12/06 9:18am |
| Msg to New Signing Agents from Sylvia_FL added to #33325 - BrendaTx on 5/17/06 11:44am |
| Demand for payment letter - adding to 33325 by droman_IL - BrendaTx on 5/18/06 7:22am |
| New Signing Agents-Read This First! Adding to #33325 Marlene - BrendaTx on 5/19/06 9:24am |
| Signing prior to printed date ReneeK - added to 33325 - BrendaTx on 5/19/06 9:32am |
| Re: Signing prior to printed date BarbaraL-CA added to 33325 - BrendaTx on 5/19/06 9:37am |
| How to get help on this forum - CaliNotary added to 33325 - BrendaTx on 5/19/06 4:48pm |
| About Backdating... by ReneeK adding to 33325 - BrendaTx on 5/22/06 1:59pm |
| Professionalism and Responsibility - BrendaTx on 5/27/06 2:22pm |
| Apostille (or apostilles) Adding to #33325 [by Gerry VT] - BrendaTx on 5/31/06 5:55pm |
| Addition to 33325 - First & Second by ND-WA and CMS-NY - BrendaTx on 6/1/06 10:39am |
| By BrendaTX 5/26/06: *...for those who understand business* - Ndwa on 6/2/06 4:20pm |
| Id on the Amish - Stamper/WI - adding to 33325 - BrendaTx on 6/6/06 7:04pm |
| Newbies - a lesson on attitude by Janet K - adding to 33325 - BrendaTx on 6/8/06 10:54am |
| Date Clarification - Roger OH - adding to 33325 - BrendaTx on 6/23/06 2:52pm |
| Considerations for getting started/Dorothy MI /add to #33325 - BrendaTx on 7/9/06 1:15pm |
| For the Newbies.. Things to carry with you/ADDING TO 33325 - Brenda Stone on 7/17/06 1:24pm |
| More Things to carry with you/ADDING TO 33325 - BrendaTx on 7/17/06 1:41pm |
| Re: More Things to carry with you/ADDING TO 33325 - BrendaTx on 7/17/06 1:55pm |
| Re: More Things to carry with you/ADDING TO 33325 - Brad/AZ on 4/3/07 2:30pm |
| Slow down in Business - Surfers or Signers - add to #33325 - BrendaTx on 7/19/06 2:11pm |
| Adding to 33325 - From One Newbie to Another - Great advice - BrendaTx on 8/12/06 12:05pm |
| Re: Adding to 33325 -Check list of compter needs for working - hcampersFL on 10/30/06 7:10am |
| From one Newbie to another…Sharon Nunley - BrendaTx on 2/9/07 6:43am |
| Re: From one Newbie to another…Sharon Nunley - BrendaTx on 2/9/07 6:44am |
| History of the loan industry and how it affects NSAs today - Laura Vestanen on 3/18/07 6:36pm |
| If you're a newbee and take $50 signings, PLEASE read - Laura Vestanen on 4/2/07 7:54pm |
| Update to Famous Message 33325 - Tim_Mphs/TN on 4/28/07 3:02am |
| Re: Almost everything you need to know to become successful - Stella Gonzales on 5/3/07 7:23pm |
| Dressing Professionally - by kcg/IN - adding to #33325 - BrendaTx on 5/4/07 12:12pm |
| All of the VA Crespa questions - by Shannon Va- +'d to33325 - BrendaTx on 5/28/07 9:18am |
| First, learn the basics of signing. Added to #33325 - BrendaTx on 9/4/07 6:41am |
| Important for NSAs in Illinois, Maryland, So Carolina, Mass - Laura Vestanen on 11/11/07 5:35am |
| Before you think about starting - by CJ in CA - add to 33325 - BrendaTx on 11/15/07 2:47pm |
| NSA Professional Standards - MistarellaFL on 8/16/08 11:36am |
| The Client/Vendor Relationship -- a MUST see video!! - Marian_in_CA on 5/31/09 4:28pm |
| True skinny: Notary advocate / presentment / honor-dishonor - Laura_V on 10/1/09 5:54pm |
| Re: True skinny: Notarial protest / certificate of dishonor - Robert/FL on 11/12/09 11:51am |
| Believe in yourself! - John_NorCal on 10/24/09 10:22am |
| Forgot to add..... - John_NorCal on 10/24/09 12:52pm |
| Our fees + their relevancy to state of industry - Laura_V on 10/29/09 11:25am |
| Re: What is a good rate to set and keep? - Laura_V on 11/25/09 11:57am |
| A perspective on our business Posted by JanetK_CA 1/5/10 - Laura_V on 1/5/10 6:34pm |
| Post by Les CO re the current state and probable future of.. - Laura_V on 1/12/10 10:05am |
| Better is not always cheaper & Cheaper is not always better - Moneyman/TX on 12/4/10 1:11am |
| You are an Independent Contractor...not an employee... - Lee/AR on 4/12/10 8:16am |
| Buddy's Lessons - For New Notaries 101 - BrendaTx on 6/2/12 9:03am |
| SS&TC Research Our Industry-We are Certified for God's Sake - bygrace/PA on 6/21/12 6:33pm |
| Decide if you are a Checker, Poker or Chess Player - bygrace/PA on 6/21/12 6:37pm |
| Tipsabout using signing central and NR forum from NJDIVA - SheilaSJCA on 8/23/12 11:07am |
| Please send information to... - Olivia Mosley on 1/13/15 11:56am |
| Olivia Mosley - you are in old files - jba/fl on 1/13/15 8:05pm |
| Sequence of events - Lender to NSA by Deborah Breedlove - BrendaTx on 9/27/12 10:15pm |
| Re: Almost everything you need to know to become successful - Janice Stephens on 10/19/12 12:36pm |
| Don't work for Low Ball, No Pay Companies - BrendaTx on 10/20/12 1:46pm |
| Sample Loan Document Package - BrendaTx on 11/25/12 3:58pm |
| Re: Sample Loan Document Package - HisHughness on 11/25/12 4:23pm |
| LOL~! n/m - BrendaTx on 11/25/12 7:45pm |
| Key Tools for Maximizing NSA Success (adding to 33325) - BrendaTx on 2/4/13 6:32am |