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June 21, 2020

Your time on the clock analyzed in the Notary business

Filed under: Business Tips — admin @ 10:18 pm

In any business, you put in a particular number of hours of work. Your work time is divided into particular activities. There is a limit to how many hours you have in a particular week. Few of us can work infinitely, and few can work 80 hours a week. I used to work 70 hours a week and I will never repeat that although that is how I got my business going initially.

MY BUSINESS RESPONSIBILITIES
I have the same problem in my business. I am in the directory business. My time is divided between:
Managing programmers
Adding new listings to the directory
Calling new people, calling old people to see if they are still in business
Writing Blogs
Answering emails & Processing orders

Sometimes I have to figure out which activity not to do when there is a time shortage and it is difficult to choose at times.

WHAT DO NOTARIES DO
But, what do Notaries do? Below is my itemized accounting of what Notaries do in their work time. I ordered the components in order of immediate importance to your career. The topics near the bottom are more long term in their importance.

1. Notary jobs – 31 or more hours per week (or whatever you can get at a market rate)
This involves answering the phone, looking up companies to see if they pay, scheduling, printing, faxing, scanning, driving and supervising signings which includes notarizing. Followups and giving tracking numbers would accompany a notary assignment in many cases as well.

2. Billing – 1 hour a week depending on need (recommended: bill each company you work for once per week)
Faxing bills, keeping records, and threatening companies with demand letters from time to time.

3. Miscellaneous – 1 average hour per week (varies depending on time of year and need)
Buying equipment, toner, paper, supplies,business licenses, taking state notary exams, and doing paperwork for taxes.

4. Marketing – 2 hours a week (recommended)
Contacting new companies, handing out business cards, online advertising, getting reviews, updating your notes, keeping your information straight everywhere it is listed.

5. Education – 4 hours a week (recommended)
Studying certification materials, testing, asking questions, reading blogs.

SUMMARY
Basically, most Notaries who are unsuccessful put too much time into doing jobs and not enough time into the other things that they need to do. Doing jobs provides immediate income, but does not provide for long term success in the business. As indicated above, I recommend doing 31 hours or more of actual notary work per week and the rest of your 40 hours should be doing other activities. You will make more money in the short run doing more work work and less preparatory work. But, you will do better in the long run doing more work that helps your skill level and online presence.

Notaries that know more according to impartial sources (or intrinsically) get more business. Through the use of metrics and analysis I have proven that Notaries who ace my hard tests get a lot more business and get paid more than the others. Acquiring this knowledge takes study time, and perhaps getting some tutoring from Carmen and myself. If you spend too much time making short term cash, you will not have time to study. I put that I recommend four hours a week or study or reading time. To be frank, in the beginning of your career I would put more than four hours. But, once you are established, perhaps only two hours a week. You still need to keep in touch with what people in the industry are writing about to stay informed and keep learning.

Spending more time maintaining your listings makes sense too. Many people online just do not login for half a year or more at a time. Many people’s notes section continue to stay the same when there is a lot more information they could constantly be adding. Most people do not get enough reviews on their listing. Paying attention to these things can increase your market share and demand for your services. If more people want you, then you can charge more for the same type of signing than you could before.

Increasing your value through being methodical and organized about maintaining your online presence, and continuing your education makes a lot of sense. Notaries do not value these things because they don’t have time, lack the discipline to study or write compelling paragraphs about themselves, and just plain don’t see the value. The value is, that by maintaining your education, and presence, you could get paid in my estimate 25% more per signing simply by increasing demand for your service. Additionally, you would get a higher quantity of work. In short, your total income could be a lot higher if you would play by my rules which look at the long run. Less whining and more mastery pay the bills. So, analyze and keep track of how you spend your business time and see if you can make some adjustments that will help you in the long run.

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May 30, 2020

Are you in a good enough state of mind for Notary questions?

Filed under: Certification & Communication Skills — admin @ 10:10 pm

If you are a professional, you should be able to handle professional questions in your sleep. Particularly if they are routine questions.

I have stopped phone testing people partly because people hate it so much, partly because it is so disturbing to me, and partly because it is so time consuming. Last, the companies that use 123notary care about the knowledge level of the notary, but they don’t care enough for me to merit training and testing people who didn’t pay for a program.

During the days when I was testing, people got mad because I called when they were not in a good state of mind. They were sleepy, busy, with friends, going to the hospital, and this was somehow my fault. They are “professionals” and they answered their phone, yet they could not talk about intelligent topics with me.

Is the problem your state of mind or is the problem that you don’t know your stuff and don’t have the discipline to learn your stuff or act professional over the phone.

Notaries want to get paid more, but I can make a list of Notaries who merit getting paid more. Those are people who are elite certified by us. It takes discipline to master Notary knowledge the point that you can pass that test. Those who are faking it will fail miserably. Getting 95% on Notary questions under time pressure narrows the population down to a fraction of a percent. Why the others cannot function with that level of knowledge is beyond me — after all, that is their profession.

Take your profession seriously and professionally. Don’t just claim to be professional because that sounds phony and corny. Master Notary knowledge. There is not that much to know, and if you got through college, this is much easier than college.

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May 16, 2020

Do you prefer texts, calls, or emails?

Filed under: General Articles — admin @ 9:50 pm

I asked Notaries on our blog which they liked. One Notary said that on Snapdocs, the first to answer the text gets the job regardless of the quality of the notary. One Notary gets mostly emails and liked that. Some are old fashioned and prefer calls.

The way 123notary is set up is that people get mostly calls and some emails, but no texts. I guess we have a niche in the market and it is an old school niche for better or worse.

The bottom line is that if you are slow by email, someone else will get the job. You have to be fast in your response rate to whatever medium you use. Personally I have no idea what I would like if I were still a Notary so I will refrain from commenting. Phone calls are annoying if you are doing other things. But, texts offer you the opportunity to silently respond unless you are driving. Using the phone while driving without a hands free might be illegal but you can do it and probably not get caught. Texting on the road is deadly and should not be done no matter what unless you pull over.

So, what medium of communication do you guys prefer? Please leave your comments. Thanks.

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May 6, 2020

Girls just want to have fun; Notaries just want to get paid;

Filed under: Business Tips — admin @ 9:39 am

I remember that Cyndi Lauper song from the 80’s – Girls, just want to have fun. It was popular at one time. But, during this decade, we have a different dilemma. Notaries just want to get paid. Why is it that so many Notaries don’t get paid? It is a question of doing your homework. There are various reasons why Notaries don’t get paid. Here are my points on the matter:

1. Notaries who lack experience are seen as less valuable to companies. They typically get paid last if there is a monetary constraint. This is especially true of Notaries who come across as unprofessional, whiny, or make mistakes. The way to remedy this situation is to be more professional and punctual rather than claiming to be as such. Additionally, getting more experience would help as well.

2. Research all companies you work for. If you think you can just blindly accept jobs from companies, I recommend thinking again. Roughly half of the companies out there do not pay on time, or sometimes at all. If you visit the various forums you can easily see who the good apples and bad apples are. You are not just comparing apples to apples — okay, bad example, you are just comparing apples to apples.

3. Have companies paypal you up front. After all, you are not in the finance business. You are not a lender. So, why should you extend credit to a complete stranger? Beginners may have trouble attracting people who will pay up front. But, you can reduce your fee to gain this privilege. It might be worth sacrificing a few bucks to avoid the hassle of chasing people around for petty cash and to avoid the risk of not getting paid at all.

4. Billing regularly and keeping good records is essential. If you go easy on people who owe you money, that will not get you paid.

5. Sending threatening letters to those who have owed you for more than 60 days makes sense. 123notary has a template of just such a letter in our resource page.

Summary
Getting paid is not a complicated art form. It is a matter of following some basic common sense protocol. I hope you learn this and make a habit out of it. Otherwise you might be on the hook for thousands.

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April 23, 2020

Are you intimidated by a title?

Filed under: General Articles — admin @ 9:25 am

I sent a newsletter out with the title: “Your notary stole your private information and sold it.” Many notaries emailed in stating that their stomach turned when they saw that title.

First of all, nobody other than a spammer or blog writer would use a title like that. Second of all, you ARE the notary, so nobody would warn you that another notary stole your information.

On the other hand, if a Title company BCC’ed a borrower telling the borrower that you, the notary, stole their information and sold it — that would be scary. But, how would they know And if you didn’t do that, why would you be scared when you read the title?

So, if you are afraid reading this above stated title, does that mean you are guilty of having done something fraudulent in the past? Or do you just have an abnormally high sense of paranoia?

Please understand that as a blog writer I have to pick topics and titles that will get my content read otherwise I get ignored and would have to shut my blog down. Thanks.

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April 21, 2020

Story about a counter offer on Snapdocs

Filed under: Business Tips — Tags: — admin @ 9:24 am

Story by Steve Weinstein

I don’t know if you want to post this, but it happened to me: Snapdocs posted: $65 Reverse Mortgage application with 20 pages to fax back, I countered $85. turns out the print was 285 pages, plus ever Notary knows Reverse Mortgages are never easy at the signing table. I My fee got bumped up to $95. When I spoke to the Signing Company that I did not think it was right to low ball the fee on Snapdocs, they said it was just a baseline and Notaries could ask for a higher fee. My concern is that Notaries are accepting low ball fees. Seems like there should be some kind of industry standards..

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January 30, 2020

Do you hire notaries? What do you ask them?

Filed under: Best Practices — admin @ 11:36 am

Are you a title company, mortgage broker, loan officer, escrow officer, Attorney or other entity that hires notaries? You can’t just hire any old Notary. You need to ask them questions. But, what would you ask them?

Should you ask questions about how they would handle particular situations? Or should you ask more cut and dry technical questions about notary procedure? How about asking them to describe certain documents?

Many title companies I talk to judge a notary based on the first twenty seconds of interaction. They can tell right away by a person’s tone, demeanor, and style of communication how the discussion is going to go and how the work is going to go.

For me, I prefer to judge people based on multiple layers. Interaction, competency, motivation in maintaining their profile, etc. Only looking at their initial phone demeanor says a lot, but that is not enough to size someone up in my opinion.

If you are hiring Notaries, think carefully about what is important to ask them. What you ask a Notary reveals a lot about what the notary knows, how they think and how cooperative they are about answering questions.

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January 19, 2020

How to be a cool Notary and why it is so important

Filed under: Business Tips — admin @ 10:37 am

Are you a cool Notary? Have you ever wanted to be? We have a Notary in San Francisco whose clients describe him (in reviews) as being young and hip. I think he is the only successful notary on our site who is both young and hip, not to mention articulate. But, what about the rest of us. What makes a Notary cool, and how can you become cool. Or is this a zen paradox and you become cool by not trying to be? Hmmm.

1. Knowledge
I think a cool Notary would be one who either knows his stuff so fluently that he can spout out information in a calm tone of voice without breaking a sweat. Most Notaries get flustered with easy questions like, “How many loans have you signed?” To most that is a trick question.

2. Coolness
A cool Notary would be too cool to care, but would also never miss deadlines for Fedex. It would be kind of a James Bond type cool where you are responsible and cunning in your coolness.

3. Savoir Faire (That’s French for being able to handle tough
situations gracefully) The “cool” Notary should know martial arts and swordsmanship (speaking of James Bond) and be able to go to a signing, fight off intruders using num-chucks, wipe the sweat off his brow after a stunning victory and then say, “now where were we?”

4. Dress
A cool Notary should dress the part. Smart Italian shoes, slacks that fit impeccably, and a leather jacket that says bad boy all over it. For women, a snazzy outfit, not sure what type because I’m not a woman, but definitely flashy and with high heels with an accompanying noticeable hair style.

5. The Car
You cannot be a cool Notary without a cool and hip car. New is usually hip. But, a classic car would work even better. Just tell them you’re a Leno fan and everyone will understand.

6. Poise and Posture.
The proper gentleman stands up straight. But, the cool Notary casually leans on things and holds his head at an angle to show style and perhaps a little bit of attitude too. But, not too much attitude, because too much attitude is edgy which is just as cool as cool, but not the same thing as cool — I guess. How would I know anyway, I’m neither. Just kidding — I’m both, baby!

7. Smoothness
If you are able to work your way smoothly through the package anticipating and answering their every question before they even ask, that is cool. Dealing with all the snags and changes of plans in your signing schedule without even blinking? Yes, once again, that spells cool.

Being a cool notary may sound like it is merely cool. But, think about it from the borrower’s point of view or title. Do you want to deal with a Notary who is awkward and doesn’t know how to handle things or would you prefer someone like Carmen who is the most graceful Notary alive who can handle anything seamlessly without even trying? There is a reason why Carmen gets paid triple what the rest of you get paid. That is because she is a flamboyant, and polished Notary who is cool in her own way — and yes, she has a cool sporty car to match as well. Being cool attracts good clients, so if you think being cool doesn’t matter — turn down the heat because it does!

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January 18, 2020

Jeremy’s tips helped a Notary with title

Filed under: Business Tips — admin @ 9:32 am

I just talked to a Notary in San Diego about an upgrade. She was the star of the show and I gave her a huge discount as a result. She said that she used to think I am mean, but now realizes that all of the tips I gave her personally and gave via my courses really helped her with title companies and helped her to be a better Notary (and a better person.)

1. Using clean acknowledgements instead of doing cross-outs helped her be a lot more popular with her title clients. Not all companies appreciate clean work, but her clients did. Cross-outs are messy and can lead to complications when financial companies sell loans, and can also cause confusion if a loan ever goes to court which is rare, but happens.

2. I reminded her many times to get reviews, and she followed that piece of advice and all of my other advice and has the highest points in my points algorithm of almost any notary on the site. The reviews got her a lot of business and she keeps getting new ones too which is key.

3. My tips in general made her a better Notary because she is never sloppy about anything, understands the intricacies of all Notary and signing procedures, and always asks for clarification when necessary. Being meticulous as a result of her education with me made her more popular with her title clients.

So, if you are in doubt about what to do with your Notary situations, listen to what Jeremy and Carmen say as a general rule because we are experienced and know how to handle most situations cleanly and effectively.

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January 14, 2020

Where do you get your Notary information from?

Filed under: Best Practices — admin @ 9:29 am

Carmen tells me regularly how Notaries get information from random sources on the internet or from other Notaries who don’t know what they are doing. This is dangerous. You are legally responsible for the notary work you do. If you do your work wrong, you can get in trouble with your notary division or in trouble with the law. Therefore, it makes sense that you get your information from reliable sources.

NNA and 123notary publish a lot of notary information online. We are generally well informed and well intentioned. But, there are instances when our information is out of date, unclear, misinterpreted, or just plain wrong.

Getting information from Facebook groups, or other Notaries is a horrible idea because I test Notaries, and most of them score about 30% on Notary knowledge. If you are getting your information from others who would probably score 30%, how reliable do you believe their information would be?

Get your information from your State Notary Division. They are legally responsible for publishing information regarding your state’s notary laws, procedures, forms, etc. Even getting information by phone from the notary division is risky, because they could tell you anything. Look for what is in writing for the safest results.

And remember, even the best Notary teachers out there are wrong about one or two things. I know this because I test them and they are not always right on certain hard to understand or nit-picky things (such as credible witnesses for example.) I am sometimes wrong about notary issues as well, although my track record is quite good overall.

So, get your information from the source itself because you could get yourself and others in trouble if you don’t. Additionally, many states have horrible handbooks with very incomplete information about certain topics. In that case, you can refer to other more reliable sources like well established notary organizations which might do a good job explaining some of the less understood notary acts such as Oaths!

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