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September 24, 2019

Does SnapDocs have thin margins?

Filed under: Advertising — admin @ 10:33 pm

SnapDocs charges its users a lot per transaction. Every time you download documents, or use the system to find a Notary to dispatch for a job, it costs. The fee is based on how comprehensive the services you use for that particular job and they might have package rates. I am not an expert on what they charge, so don’t hold me to this.

But, they have expenses as well. SnapDocs is a sophisticated portal where they have huge technical expenses as well as rent, salaries, insurance and more. They are running on a margin. And I’m wondering how their margins are when business is sluggish like it is now. Their income goes down, but their expenses remain the same.

And what if they had staff turnover and the new staff lacked the mojo of the more experienced staff who understood their system and business model well, and cared tremendously about the success of their enterprise?

Snapdocs came out of nowhere a few years ago and nobody knows how long they will last. I guess we will find out.

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123notary vs. Snapdocs

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  1. Slow business? I’m so busy with snapdocs I can’t see straight. Now….there are lowball offers that’s for sure but I prefer snapdocs over all other leads for notaries.

    Comment by SHERAL ANN GRAHAM — November 6, 2019 @ 11:49 am

  2. I have used them on occasion, however, most of the time I turn down fees of $85.00 or less. I do let them know that my minimum fee is $100 and an additional $10.00 for fax backs.

    Comment by R J Williams — November 6, 2019 @ 12:38 pm

  3. I hope they fail by cheap vendors use them for low ball offers, and that encourages newbies to take them and lower everybody’s fees.

    Comment by betty — December 26, 2019 @ 8:08 pm

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