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September 29, 2018

Now is the Right Time to become a Notary / Signing Agent

Filed under: Ken Edelstein — admin @ 11:19 am

Now is the Right Time to become a Notary / Signing Agent

Sounds strange? You think the business is dying? Sure, at the moment things are slow. But, I forecast a booming future for the industry. There are many positive signs:

Baby Boomers Getting Out

The “old guard” of “seasoned” experts, born in the 40s are collecting Social Security or looking at the daisies from the root end. It’s time for the next generation. No doubt about it. They (and I) are “slowing down” and less willing to take on the pressure and rush aspects required to earn top fees. They disappear slowly, as their cells phones are unanswered; clients look for new solutions.

Cost of Entry is getting Lower

The tool set required by the modern Notary / Signing Agent is lower than in the past. Cell costs are very low with unlimited plans common. Sure, very fancy phones are super costly; but they are not necessary. As long as it can make and receive voice, text and email – it’s good enough. The cost of printers has fallen dramatically, HP Laserjet is still the benchmark, mine is a totally reconditioned 4350n (network “Ethernet” or WiFi) with duplexer for under $500. A separate FAX machine is unnecessary as Efax service for about ten bucks a month allows a PDF to be “sent as FAX” from any internet connected PC.

The Economy is on the Rise

I’m not going into a political discussion. But it’s hard to argue that personal wealth is not on the rise. This leads to more home ownership and other notary service needs. The “well rounded” notary; comfortable with Edocs and a variety of personal documents that require notarization will flourish. Case in point: I have noticed a great uptick in persons obtaining passports for their children for vacation purposes. Often only one parent can submit; with the notarized signature on the application of the other parent. I am getting LOTS of these lately.

Training is Readily Available

In addition to your state “rule book” many offer advanced classes and training. This was not so easy to obtain a few decades ago. Related to training is obtaining certifications as to your skill level. These “advanced degrees” draw clients to you like a magnet. A few hours a day, two or three for a couple of weeks can really advance your skill level. The big notary sites have blogs which are rich in real how to do information. Also read the “what not to do” equally important.

It’s not “Instant” Riches

Understand that your business, like any other business will grow slowly, At first it’s just some extra pocket money for a night out. Don’t quit your day job until you have a “critical mass” of repeat clients. Don’t forget to distribute your business card widely, perhaps with a cover letter about you and your services. Carry a well stocked “kit” of supplies, forms, embossers and stamps to meet any request. Your Notary Commission can and will yield the results you want; if you are willing to put the appropriate amount of effort into becoming the most skilled in your area.

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