There are several ground rules when it comes to negotiations.
1. The first offer rule
The person who makes the first offer will never get an optimal price. If you start the bidding first with a high price, you might just get declined without being given a chance. If you ask too little, you will miss out on more pay. If you let the other person make the offer, you will end up with more on average.
2. Whining ruins your image
Notaries are notorious for whining. “You only pay $70….. OHHHHHHH, why can’t you pay more?” Who needs this behavior? If you are such a great notary, you would have plenty of people offering you $125 to $150, and you would just hang up on these low-balling fools. But, if you whine like a baby, nobody will want to work with you even if you accept their pathetic offer. Most notaries are so bad, they are probably not even worth what the low-ballers offer them. Most notaries refuse to study to become fastidious professionals.
3. Take it or leave it
Sure, nobody likes fax backs, but don’t complain. You either accept the job or you don’t. If the signing has 300 pages per set of documents, don’t complain. You either say yes or no. When I do my billing, people always ask me, “What did I pay last year?”. My comment is that it doesn’t matter because last year is over, and that doesn’t effect what this year’s price will be. They want to waste my time looking something up for their emotional gratification which affects nothing. What a time waster. Don’t behave like this. If someone makes you an offer, you take it, leave it, or negotiate. If someone wants to politely negotiate with me instead of whining, they will get a lot farther. First of all I will value them more as a long term client. Second, I will know that they will behave professionally with the people who use my site — and I value that much more than how they treat me. Third, it is not a headache to deal with them. If I ask for $200, and you want to offer a polite counter offer, then go ahead. $100 would be rude because it is out of the ballpark. But, what about $150? Try it. I will probably say no, since my prices were computer generated using six inter-connected formulas. But, it doesn’t hurt to ask.
4. Getting companies to up their fee by $35 is possible
But, I know some very fancy notaries who are at the top of their game who get $50 companies to pay $85. These smooth operators get close-by jobs for $85 that are only a few minutes away. They have fast printers that print 45 pages per minute, so the double set of documents takes less than 10 minutes. They buy their toner or ink wholesale. They don’t whine — they PLAN, and they negotiate! So, in a little more than one hour, these seasoned Ninja Notaries get the call, print the documents, go to the job, get it signed, and get back home, and send the invoice. After expenses they probably made almost $70 per hour. Not bad! So, how do they do it?
5. How to impress the client
A seasoned notary will explain calmly how they are famous for doing clean-up jobs after notaries who didn’t know what they were doing ruined a loan. Why not start with a pro and get it done right the first time? How much did you say you offered again? $60? I understand that you are on a tight budget, but my minimum is $100. I can help you out for $85 today though, since I have a little more extra time than I normally do. Wouldn’t it be worth it to you to hire someone who has signed 4000 loans, and who is meticulous? I have state of the art machinery such as an HP 250,000 printer with quadruple trays, and I can explain all of the documents. Would you like to drill me and ask me a sampling of your hardest loan signing questions to see if I am up to your highest standards?
6. Ask them to ask you their toughest question
Most signing companies don’t ask notaries questions. They should. If you ask notaries questions, 90% fall on their face because they don’t have a clue what they are doing. So, if you do know what you are doing, tell the signing company to shop around, but to ask each of the notaries they talk to how they would explain the APR to a non-borrowing spouse. If you don’t get a good answer after 45 minutes, then call me back! No notary with fewer than 5000 signings can do a graceful job of answering this question even though it is ridiculously simple. It requires study, and most notaries are opposed to that idea!
7. Don’t say anything that sounds phony
Please notice that all of the points I made sound real. None of this, “I’m professional and accurate and do error-free signings.” That sounds phony. Make real selling points because you are selling yourself to people who have been in this business for years and have dealt with thousands of notaries — most of them bad ones at that. Figure out what to say that proves that you are the logical choice to hire, even at an inflated rate. After all, the extra pay translates into less aggravation after the fact. How much aggravation and potential re-drawing fees is the $20 savings worth to you anyway, you tell me?
8. Having a pricing formula sounds impressive
If you don’t like to negotiate, but like to use pricing formulas, that will make you look good. People who understand distances, time involved and other expenses are true professionals who know their business inside out. You might not always get the highest possible fee with formulas, but you will get respect and repeat business.
9. Negotiation points summarized:
I do clean-ups for other notaries who make mistakes; 5000 loans signed; ask me your hardest loan signing question and then ask the other notaries who you are calling; I have an HP (name) printer that prints 45 pages per minute. I have a mobile office — beat that. I’m ready now — let’s do this! All work guaranteed or your money back!
A comprehensive guide to Notary pricing
http://blog.123notary.com/?p=16504
Can you negotiate prices with SnapDocs?
http://blog.123notary.com/?p=16236
Negotiating with aggressive callers
http://blog.123notary.com/?p=16278
Notary Marketing 102 – Negotiating Fees (a thorough guide)
http://blog.123notary.com/?p=19784
Black Notaries vs. White Notaries — comedy edition
EDDIE GRIFFIN: Man, what’s the difference between white Notaries and black Notaries? I didn’t even know there was such a thing as a Notary until I was 19 and had to get a car title notarized. That was six months after I found out that isn’t is another way of saying ain’t. I would just assume that a bruthah would sign more smoothly than a white Notary.
CHRIS ROCK: In an ideal world, a white Notary would witness signatures, but a black Notary would have a body camera to make sure of what he witnessed.
EDDIE GRIFFIN: You’re making the Notary sound like the Dallas Police force. If I were a black Notary, I’d be more worried about being pulled over by the police. “Registration and Notary seal please, you know the drill.”
CHRIS ROCK: Yeah, but if Notaries were really like police, at loan signings, they would say, “Now reach for your ID, nice and slow — no sudden movements.” while they had the borrowers at gunpoint. I can’t imagine a signing like that — unless it happened in Detroit.
JERRY SEINFELD: And if you did a signing by X, if you knew who the signer had been seeing while married to his ex, then you’d know why she became an ex.
EDDIE GRIFFIN: I don’t think that signing by x is exactly like that, but I’m digging the way you think.
CHRIS ROCK: And by the way — black Notary lives matter, especially if they’re listed on 123notary.
JERRY SEINFELD: But, if you’re signing with an X, you didn’t come from the greatest school, unless you’re Malcolm X.
EDDIE GRIFFIN: With my luck, the minute I became commissioned as a Notary and got in my vehicle, within minutes of leaving the county clerk after taking my Oath, I’d probably get my ass pulled over by the Notary Police — but, for what I don’t know.
POLICE: Do you know how fast you were signing, son? Can I see your Notary Seal Please?
EDDIE GRIFFIN: I just got my Notary commission, I haven’t even used it yet. How come you didn’t pull that white Notary over?
POLICE: We don’t judge a Notary by the color of his ink, but by the content of his character.
EDDIE GRIFFIN: Yeah, you’re a character all right.
POLICE: And by the way, the paper might always be white, but the ink is always black which in my opinion kind of evens the score.
EDDIE GRIFFIN: Yeah, some things ain’t never gonna change.
POLICE: We just wanted to make sure you weren’t notarizing by text and driving at the same time. Just a routine check.
EDDIE GRIFFIN: Yeah, stoppin’ brothers. What could be more routine than that?
JERRY SEINFELD: So, what’s the deal with white Notaries?
CHRIS ROCK: Isn’t that redundant? That’s even whiter than Conan O’Brien’s non-tan lines.
EDDIE GRIFFIN: Man, what is it with white Notaries, ya know what I’m saying? I bet a white Notary would go to a signing in his nice family SUV, and he would park on the street just to be polite. And then he would knock on the door being exactly on time and say, “Hi, my name is Mike — I’m white, and I’m happy and I’ll be your Notary today.” I don’t want to white-wash this, but that’s how I see it.
CONAN O’BRIEN: Yeah, I bet if it were a black Notary he would say, “Hi, I’m Jermaine, and I’m the Notary with the smooth conversation. Check out this alligator skin briefcase. And you’d never believe the story behind it. I was down the street at my brother’s house and his kids were playing in the back yard. Then an alligator came out of nowhere — we live in Florida by the way. I rushed out at ninja speed to get those kids out the yard and got there just in time before that gator damn near bit my nephew’s arm off. Then, I drove home a block away and came back with my samurai sword. I bought it in Tokyo during a vacation and had it shipped to me as a decorative piece. I never dreamed that antique sword from the Mei-Jin period that was used by the great Zatoichi would ever be used again for practical purposes. So, I ran into the backyard with my samurai sword and said — hayyyyyaaa!!!! And I done chopped the gator’s jowels off. I sold the meat to a local taco place and had my neighbor make a briefcase out of it.
And… I got the smoothest pens you ever signed with. They’re like butter. These cost $200 and no — you may not keep them. But, enjoy the signing experience, my stories, and enjoy the ride. By the way — my ride is a stretch limo that I have parked outside. We can continue the signing there if you prefer — drinks included, but not until after you finish signing. And remember — sign responsibly!”
CHRIS ROCK: Yo Conan, you rock!
CONAN O’BRIEN: Ha ha, I’m a brutha with some street knowledge! And by the way, you not only rock, you are a Rock!
EDDIE GRIFFIN: Conan’s a brutha now? What????
JERRY SEINFELD: Black, white, yellow, brown, orange – believe me, none of us are happy.
EDDIE GRIFFIN: Brother, you just made me happy to hear that.
.
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