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January 5, 2020

Snapdocs losing business to zigsig, and signingorder.com

Filed under: Signing Company Gossip — admin @ 9:20 am

When Snapdocs got popular back in 2015, I thought that was bad news for us. However, there are other businesses copying Snapdocs’ style which is bad news for Snapdocs. Fortunately for me, 123notary’s style of running our directory is less high-tech, and more based on me having knowledge of the business. Someone can buy into a notary business or directory, but they cannot buy the knowledge of notary work or directory analytics that I have. Or so I think…

Copying Snapdocs’ style sounds expensive, but if you have the programming budget and the technical knowledge you can do it. It looks like multiple agencies are doing their own version of Snapdocs.

So far, nobody has created anything at all similar to 123notary, at least based on the behind the scenes working of our directory. Maybe the angels are protecting me.

I personally do not know anything about those competing with Snapdocs. I only know what their affect on our business has been. Queries for lower paying jobs are down on 123notary as a result of Snapdocs. I don’t know how long they will last, but with the new competition it will be a lot harder for them. High placed listing sales are also down, but that is more due to the depressed market of 2014 to mid-2019. Now things are picking up a bit in late 2019. Perhaps it will stay busy. The mortgage rate predictions of the experts suggest so.

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