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September 21, 2013

$10,000 per month on a bad month

I just got off the phone with a notary who is doing really well who advertises on our site. Business has been better for most notaries recently, but not as good as for this husband and wife team. I will not mention their names or locations to protect their identity.

I talked to them about their renewal. Since our prices can go up or down for a particular position at any point in time, some notaries complain about their new price. If the price goes up, they argue and try to reason with me about how it was less last year. If the price goes down, then they think I was cheating them last year. Either way they get upset and criticize me.

This husband and wife team had a different approach. He said something to the tune of — You doubled my rate, but that is okay! Your site is amazing. We get almost all of our business from your site. I don’t know how you do it. We are making more than $10,000 a month in our notary business.

I was flabbergasted. I had heard the story of the new notary company making $35,000 per month which was an amazing story. But, now another notary making six digits. Unbelievable! So, my faith is renewed in a mobile notary public’s ability to make the type of living that makes other people drool.

Please take this blog entry as an opportunity to take a leap in faith that YOU can make six digits in your notary business. Yes, you have to do everything right, but you can do a bang up job, right?

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21 Comments »

  1. Just want to know how to start my notary as a business. I have the stamp, certificate and I have notarized. How do I grow the services and profit?

    Comment by Tamika Cummings — September 23, 2013 @ 11:15 pm

  2. Given my experience over 10 years I find this article hard to believe. I am being paid less now than five years ago and working a heck of a lot harder. I would be more inclined to find this credible if they weren’t anonymous.

    Comment by Patricia M Newton — September 24, 2013 @ 7:20 pm

  3. If my math is correct, this means they have to each be doing 8 signings per week at $150 each. That does not take into account the auto expense. So, given recent history, it is a stretch to believe this.

    Comment by Gary Prichard — September 24, 2013 @ 10:54 pm

  4. Are the figures you quoted gross or net, there is a big difference. I’ve been in the business some 20 years and I’m gooed at what I do, but a maximum closings done properly with perfect timing would be 6 or 7. So, say they close an average of 6 per day, 5 days per week, appx 4.3 weeks per month or 129loans per month X the 2 of them for 258 loans total. Now divide the $10,000 x 258 and the net income from each loan would have to be nearly $40.00. Gross would have to be much higher to cover overhead. As I said, I’m good, but it is humanly impossible to keep up the pace I’ve outlined. I’ve single handedly grossed half the figure they quoted on a couple of occasions, but I would not want to attempt it as a regular schedule. The stress isn’t worth what you get out of it. There is too much possibility of errors that then have to be corrected later. No, I don’t believe you.

    Comment by Dorris Cox — September 24, 2013 @ 11:07 pm

  5. I concur with Patricia and Dorris. I have been doing notary work for nine years and my husband started about two years ago after retiring from his career job. Together we have been doing quite well, but not even close to this figure. You did not offer any information as to how many jobs they were completing or what their average fee is. Since you did not disclose what state they are in, it is impossible to factor in regional differences. It is unrealistic to believe that anyone will trust your claims without your providing any substance. Furthermore, it is deceitful of you to post this questionable information and raise the hopes of the naïve newcomers. I would hope that you will be more conscientious the next time you plan to post unsubstantiated information.

    Comment by Patti — September 25, 2013 @ 1:28 am

  6. I’m with you Doris. I did four in one day and thought I would lose my mind. I enjoy what I do, who I meet and the quality of the product I produce. None of that would be true if I even came close to doing the number of signings required for that kind of income. Wealth VS. enjoying the passage of time. A constant conundrum!

    Comment by smcohn — September 25, 2013 @ 3:54 pm

  7. The figures in this story are not far fetched. Obviously, you have to work hard.. If you establish
    Yourself as a reputable business, the money will follow. I have only been in re business
    A couple years and have done very well. If you aren’t making good money at this, take
    Some classes.
    -D

    Comment by SDNotary — September 27, 2013 @ 2:22 pm

  8. I’ve been a full time Doc signer for 12 years and $10,000 a month took me a few years but it’s not out of reach. 70 loans a month at $150/ per deal minimum gets you there. I also take on local signing service deals for slow periods of the day. If you get selective with SS deals so they don’t cut into your peak hours to do your full fee signings it helps cover the gas, paper and toner cartridges expenses you have every month. You need clients, I have about 6, that transition well with the market. Right now refi’s aren’t as strong as purchases. I’m doing seller packages and I get the buyer signings later on the same property. Very rare and fortunate account to have but when your clients adjust to the market you have something to carry you until the next turn. Also work with your clients, discount in house deals. Many offices have in house signers but they can’t afford to stop working for 45 minutes to sit with a client so give them an incentive to call you instead at a rate of $80-$100 a pop if they print the docs and you only have to drive 15 minutes to the office. You have to work Saturdays, it’s the best day to knock out 4 deals and be done by 1pm. Finally, treat every client like they are your most important. It sucks that in this business they can drop you or cut back your volume for no reason at all so I make sure I make it hard for them to do. My wife and I split 60-70 loans a month and it’s the best part-time with full time pay job I could ever ask for.

    Comment by A. Belmonte — October 31, 2013 @ 2:12 pm

  9. Love what you wrote Mr. Belmonte. Thank you for sharing to all who contributed Although I consider myself an astute loan signing agent( not bragging, just stating what I honestly believe) , I am not being able to get the 30 signings I would be happy to do(monthly),even though I have some very loyal SS’s who keep giving me business .I have almost completely stopped marketing myself.
    I believe multiple listings on 123notary.com can do the trick. Can anyone pls explain what are multiple listings and how I can use them to bolster my chances of getting more signings. From Mr. Belmonte’s post it appears he is getting plenty of PURCHASES.I get almost none. what I do get are mostly refi’s which have gone down. Any input would be gratefully appreciated. 🙂 I live and work in South California.

    Comment by Raj S — November 7, 2013 @ 5:32 am

  10. $10,000 is a 5-digit income, not 6.

    Comment by Nelda Basenberg — June 22, 2014 @ 11:35 pm

  11. This is not that difficult. I averaged 6k per month gross with only me prefirming closings. Doing 5-8 a day 5-6 days a week. I had the bulk from one company, buy had 6 others in que to fill the times and space. Although I was lucky enouph to have my wife schedule and print docs for me when she was able, ypi can still do it by yourself if you hate sleep!

    Comment by R Lane — September 8, 2014 @ 10:42 pm

  12. It is possible to achieve this income! When I was fairly new to notary signings in southern California….and a single mom. I worked my butt off and went all over, from San Diego to Palm Springs to Los Angeles and all of Orange County. I averaged $8000/ month…and that was my cut working for another notary! Which means I only saw 65% most of the time.

    Comment by Leah H — September 9, 2014 @ 1:54 am

  13. Exactly what was this couple doing to make this level of income? And in what state and location? General notary work? Loan signings? Something else?

    Comment by Tanna — November 8, 2014 @ 6:12 pm

  14. How do you get any of the signing or Title companies to pay $150?a

    Comment by Cecilia — May 19, 2015 @ 3:10 am

  15. $8k – $10k is a bad month for us too. We’re usually around $12k – $15k

    Comment by Lalani — May 20, 2015 @ 6:13 pm

  16. This seems to be so outdated… Anything news on how notaries are doing presently?

    Comment by Erika — May 20, 2015 @ 6:50 pm

  17. First, if you don’t believe it will NEVER happen. Second, you need a plan, not a wish or a hope. Third, you need to review and work that plan each and EVERYDAY. Instead of debating the validity of the story, spend your time envisioning how you can make it a TRUTH in your life. I am a single notary and for the last 5 years I have had the best business of my notary career. While most have been begging for new clients I have stopped taking them (can only work so many 12 hour days), and keep getting calls from potential new clients every week. I have more business than I can handle. And to Mr. Belmont’s dislike, I NEVER advertise, other than a business card. My work advertises for me. My personality shines through in every signing and I truly LOVE what I do. And it shows. What you need to do is figure out how to make this a reality in your life.

    Comment by T om — May 21, 2015 @ 11:56 am

  18. I have been a signer for 11 years… My first 9 I never brought home more than 4,000 a month as these companies want to pay less and less. I picked up an exclusive position in a local title company still remaining independent and make between 6-7 grand a month. I sit in office back to back signings everyday and go out of office charging 150 a pop while traveling. It can be done but it’s a ton of hustle and I am blessed with the perfect set up.

    Comment by Amy sanchez — March 11, 2017 @ 4:04 pm

  19. What state do you people work in?

    Comment by Andrew Walker — March 16, 2017 @ 10:39 pm

  20. Before the title companies and banks changed their fees and before we notaries started giving our services away at these new fees, I made over $20,000 in one year at $150 a pop. Companies were calling from the this site and others that I’m on and they signed me up directly. Once I refused the $50 fees I never heard from anyone again. I’m making my monies now from seniors and lawyers neeeing retirement and hospital calls. So I find this article impossible to believe.

    Comment by Aj blu — March 17, 2017 @ 4:02 am

  21. Well, For me is not creeible

    Comment by mijs — April 3, 2017 @ 7:10 pm

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