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October 2, 2019

SnapDocs – total number of signings vs. total documented

Filed under: Advertising — admin @ 11:18 pm

There is a common misunderstanding out there. I often ask notaries how many loans they have signed. I get mostly roundabout answers that just don’t give me anything to work with.

ME: How many loans have you signed?

NOTARY: You mean total? In my life?

ME: Yes, otherwise I would have specified a time period. Once again, how many loans have you signed?

NOTARY: Can’t you check on SnapDocs?

ME: I’m not on SnapDocs, I’m on the phone with you. Do you not know what your experience is?

NOTARY: I don’t keep track every day.

ME: Your # of loans signed on SnapDocs is not a total number but a number of loans you signed through their platform. Your total number might be far higher.

NOTARY: Oh, a few hundred.

ME: A few hundred could be anywhere from two hundred to nine hundred. Once again we are not getting any answer I can use to make an input on my form. Hmm.

NOTARY: Just say 250.

ME: Finally, after tugging on you 9x we get an answer. Thanks. Please fill in your notes too.

You might also like:

Your number of loans signed just went down?
http://blog.123notary.com/?p=21236

The evolution of American commerce and Snapdocs
http://blog.123notary.com/?p=22275

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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.

You might also like:

123notary vs. Snapdocs
http://blog.123notary.com/?p=21258

Snapdocs – when the texts stop
http://blog.123notary.com/?p=21163

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July 5, 2019

The evolution of American commerce and Snapdocs

Filed under: Advertising — admin @ 2:41 am

In the old days, America used to have lots of mom & pop stores owned by regular American families. As demographics changed, these stores more and more got bought out by Jews, Koreans, Pakistanis, Palestinians, etc. And then as the chain stores took popularity due to their centralized and efficient management, the mom & pop stores had a harder time staying in business and most got absorbed or put under by the chain stores.

SnapDocs is doing the same thing. They have provided a very efficient way of doing business where inefficient service providers are being weeded out. Additionally, other directories like us are losing a lot of market share. Our search results are still vastly superior to SnapDocs, but the millennial users care tremendously about convenience and don’t care about quality probably because they can’t comprehend what quality is, especially if it takes more than three (consecutive) seconds to think about.

On a brighter note for those of us competing against SnapDocs, I have been hearing that their members are getting almost no work. So, maybe there is hope for the rest of us. Maybe they will fizzle out and live, but live small.

Additionally, SnapDocs has weeded out a lot of Notaries who are not that bad, who are just not as fast on the draw as the others. SnapDocs rewards you for being an iPhone slinger. If you are the Jesse James or Clint Eastwood of the Notary industry, you might cut it with SnapDocs. But, if you have to think before you draw — forget about it. Remember — the next signing is for Indio and his men. You can listen to the twangy melody from an antiquated music box as you imagine finally slaying Zapata as you draw for your iPhone the next time you get a text. The same melody that Zapata forced you to listen to as he slayed your family — remember that movie? Drop your iPhones and reach for the sky hombres!

The main thing to remember is that if you don’t want to be phased out, be a quality notary. Be at the top of your skill set, put a lot in your notes section, and do your maximum, not your minimum like the other 99.5% of Notaries who hide behind their years of experience instead of being evidence of real knowledge.

You might also like:

123notary vs. Snapdocs, Verizon vs. AT&T
http://blog.123notary.com/?p=21258

What Notaries don’t like about Snapdocs
http://blog.123notary.com/?p=21246

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May 6, 2019

123notary vs. Snapdocs; AT&T vs. Verizon

Filed under: Signing Company Gossip — Tags: — admin @ 11:27 am

Snapdocs is a force to be reckoned with. Even though their notaries are bad, and Snapdocs charges a hand and a wrist to use, they still are getting a huge market share. Perhaps we need to compete with them the same way AT&T and Verizon compete.

Maybe I have to talk to the signing companies and offer them anytime minutes if they use our site more. Or maybe I need to offer them new features. Of perhaps I need to offer an easier way to find Notaries on our site.

Most hiring parties I interviewed don’t care if Notaries know anything, they just want people with around two years experience. But, people lie about their experience, so what do the numbers really mean. How many signings do you think these companies really want? If you have signed 200 loans will they try you if they like you?

Maybe I should find a way to pay signing companies to use my site. Every time you use a Notary from 123notary, you can get a chance to win a Starbucks card.

I cannot afford to create the technology necessary to rival Snapdocs, so I have to compete in other ways. Using my femininity is not one of those ways, mainly because I don’t have any.

Perhaps I should try to appeal to generation Z. I don’t even know what they like. I think I know more about foreign cultures in central Asia than I do about generation Z, the post millennials. I do understand generation Y. After you talk to them for more than two minutes, the only question that enters your head is… why?

I think that what will win the battle is finding out exactly what signing companies want and having new search features to give it to them easily. Wish me luck. In the mean time — keep stamping.

.

You might also like:

Compilation of posts about SnapDocs
http://blog.123notary.com/?p=21531

See our string of posts about snapdocs
http://blog.123notary.com/?tag=snapdocs

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May 1, 2019

What Notaries don’t like about Snapdocs

Filed under: Signing Company Gossip — Tags: — admin @ 10:49 am

With so many people complaining about Snapdocs, how is it that they survive. Or perhaps with their heavy bills for programming and engineering services, they are not surviving. I heard a rumor that they wanted to sell out to the NNA. I also heard their offer was rejected by the NNA. Their sister site in Germany called DerSchnappenDokument seems to be a little more financially sound though. Here are some things people don’t like about Snapdocs.

1. Cattle Calls (moo)
Notaries complain relentlessly about cattle calls. If so many Notaries don’t like it, then why do they list on SnapDocs? But, it’s worse. Since few Notaries want to work for free, and few Notaries (other than how Kim Kardashian would be if she were a Notary checking her Twitter followers every two minutes) check their texts every minute, it is hard to get responses to cattle calls. After twenty minutes the calls are going out to people an hour away who definitely are not going to work for peanuts. So, a lot of Notaries are annoyed that most of their texts are for jobs that are too far away. What a poorly thought out system! Then, when you finally do answer a text, you find out that someone else cheaper already answered or that they don’t want you. I personally think that Notaries should wear a bell around their neck and have a diet consisting mainly of grass if they want to continue this nonsense.

2. Thin Margins
Snapdocs charges companies to use their platform. Prices change over time and change based on your arrangement with them. Last I heard it was between $5 to $14 per job depending on which features you used. If you used the billing and downloading software, you might pay more while sourcing a notary alone might be cheaper. I don’t know the details but this is what I have heard. The problem is that companies who use Snapdocs feel that they should deduct the SnapDocs fees from what they pay the Notary. So instead of $80, they might only pay $66 to cover their costs. What companies need to know is that SnapDocs offers technology, convenience, and time saving and that the company using it should pay for that as labor saving technology. You should pay the Notary what they are worth instead of trying to bargain them down to rock bottom.

3. Discrimination
SnapDocs is an impartial search and information platform. But, due to the prominent photos of Notaries on their site, those who use the site are more likely to discriminate. Other sites have photos too, but on signingagent.com, the photos are a lot smaller and not as clear, and on NotaryRotary you don’t see the photo until after you have clicked. Users would be tempted to select Notaries based on how they looked physically or racially more than what their skill level was or how they wrote about themselves. At 123notary, it is more about notes, reviews, and certifications — things of substance.

.

You might also like:

Compilation of posts about Snapdocs
http://blog.123notary.com/?p=21531

See our string on Snapdocs posts
http://blog.123notary.com/?tag=snapdocs

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>

March 27, 2019

Snapdocs… racially disproportionate

Filed under: Marketing Articles — Tags: — admin @ 10:26 am

Have you ever noticed on Snapdocs, that in New York, Maryland and down South it is 80% black? America is 14% black, the signing agent profession, more like 20%, but in South Carolina on SnapDocs more like 85%. It is just very interesting how disproportionate this industry can be. All I have to say is, “Who’s the minority now?”

This is not a reality through any doing of Snapdocs. They are just doing their job allowing nature to take its course. And there is nothing wrong with this disparity unless you are scalping tickets for an Elton John concert in which case you might have trouble. But, what if you were wearing an “I voted for Trump” shirt? Then, you would start having even more problems unless those people are part of the 8% who voted for Trump. Obama talked about the top 1%, but with Trump, it’s the 8%. Jokes aside, I find this disproportionate search result to be very interesting.

.

You might also like:

Compilation of posts about snapdocs
http://blog.123notary.com/?p=21531

See our string of posts about snapdocs
http://blog.123notary.com/?tag=snapdocs

Snapdocs — when the texts stop
http://blog.123notary.com/?p=21163

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March 8, 2019

Snapdocs: When the texts stop

Filed under: Signing Company Gossip — Tags: — admin @ 8:02 am

Notaries are always complaining about low-balling, cattle calls and a shortage of work. But, in the last few months, business has been so bad that many have reported that on Snapdocs, the texts stopped all together.

I have lived through different economic cycles from inflation in the 70’s to a recession in the 80’s to the dot com bust in 1999 and the 2008 financial crash. However, I have never seen an industry crash quite like now. I am amazed that 123notary is surviving so well in this difficult time.

So, what do you do when the texts stop? Do you get another job? Do you sit and wait? Do you cry?

When business is bad, I tend to work even harder. That means we get less sign ups so I have to scour the internet to sign people up myself, screen many out, and repeat the process. What about you? When business is bad do you try harder or get more apathetic? The winners in this industry try very hard. I suggest doing exactly that.

.

You might also like:

Compilation of posts about Snapdocs
http://blog.123notary.com/?p=21531

See our string of posts about Snapdocs
http://blog.123notary.com/?tag=snapdocs

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>

November 22, 2018

Snapdocs — are the jobs just too far away?

Filed under: Signing Company Gossip — Tags: — admin @ 10:28 am

I talk to a lot of Notaries. I hear a lot of stories. The jobs that many people get offered from Snapdocs are often an hour, or two hours away. Considering how low jobs pay, how can someone who isn’t absolutely local take them? On the other hand, since pay is so low, the close people reject the jobs and people more far away keep getting offered these jobs.

That does not seem to be a realistic business model. Perhaps there should be minimum fees. Perhaps the Notaries would take more interest in responding if they could at least make a little bit of money.

The other thing that is deceiving about Snapdocs is that they are getting almost triple the clicks that 123notary gets. However, when we ask people where they get actual work, the high paying work is mostly from 123notary. Notary Rotary gets some work, but not as much as people get through our medium. And then people often say they get a little from Snapdocs, Notary Cafe, and perhaps signingagent.com or perhaps even Yelp which is my new and fierce competition.

Yelp has horrible Notaries, but they are masters of the art of the review, and that is what keeps them floating on Google along with us.

The bottom line is that there are very few active or serious notaries these days. Most people do a few jobs here and there, but do not specialize in it. In the old days there were a lot of very serious Notaries. That reality will not happen again unless interest rates keep coming down little by little. Right now we have the opposite effect. I wonder how long this will last. Hmmm.

.

You might also like:

Compilation of posts about SnapDocs
http://blog.123notary.com/?p=21531

See our string of posts about snapdocs
http://blog.123notary.com/?tag=snapdocs

Snapdocs – racially disproportionate?
http://blog.123notary.com/?p=21226

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September 14, 2018

Compilation of posts about SnapDocs

Filed under: Compilations — Tags: — admin @ 7:07 am

I put these posts generally in order of popularity, but there are a lot of newer posts who don’t have much in terms of click analytics yet.

Snapdocs – what we’ve learned about their notaries
http://blog.123notary.com/?p=16099

Snapdocs wants to sell shares on Shark Tank
http://blog.123notary.com/?p=20815

Opinions about Snapdocs in the forum & blog comments
http://blog.123notary.com/?p=21299

I felt like I was being used (Snapdocs assignment)
http://blog.123notary.com/?p=18852

10 ways to “deal” with Snapdocs
http://blog.123notary.com/?p=17002

Who and what is Snapdocs?
http://blog.123notary.com/?p=18841

Snapdocs business model doesn’t add up
http://blog.123notary.com/?p=19290

Snapdocs — thumbs up or thumbs down?
http://blog.123notary.com/?p=19190

Snapdocs is a bigger operation than I thought
http://blog.123notary.com/?p=19192

More on Snapdocs — the Uber of the Notary industry
http://blog.123notary.com/?p=16236

Is Snapdocs a serious threat to 123notary?
http://blog.123notary.com/?p=18818

Snapdocs – their profiles are getting more impressive, but…
http://blog.123notary.com/?p=20819

FASS to use Snapdocs
http://blog.123notary.com/?p=20797

What has your experience with Snapdocs been like?
http://blog.123notary.com/?p=20793

Snapdocs has a new feature for bank auto pay within 30 days
http://blog.123notary.com/?p=17471

If everyone complains about Snapdocs, why do they continue to grow?
http://blog.123notary.com/?p=19034

Snapdocs has a good algorithm… but… (200)
http://blog.123notary.com/?p=19925

Snapdocs grew tremendously in 2016, but Notary Rotary shrank
http://blog.123notary.com/?p=19058

The Uber principal at snapdocs — new blood!
http://blog.123notary.com/?p=18868

Snapdocs – do they cater to the fastest or the best(est)?
http://blog.123notary.com/?p=20821

Snapdocs has an adjustable radius… should 123notary do the same?
http://blog.123notary.com/?p=21048

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September 5, 2018

Snapdocs – do they cater to the fastest or the best(est)?

Filed under: Signing Company Gossip — Tags: — admin @ 12:42 am

I got an email from a loyal Notary. He had gotten a questionaire from Snapdocs. One of the questions was, “Do you refer Snapdocs or other notaries?” He answered “No” because he did not know how many other dozens of Notaries got job texts when jobs were dispatched and was not always able to be the fastest to answer the texts.

This Notary said that if he was not the fastest to respond to a text, that he did not get the job. Because of his response, he thinks that Snapdocs took him off their postings.

The thing I admire about Snapdocs is that they have a market niche and definite advantages. They might not have the best Notaries. Even the Notaries who look good online with their Fidelity Approvals and impressive repetoire of signings under their belt of all descriptions – when I look at their test scores in my system, the results are almost always horrifying. However, Snapdocs offers fast comprehensive technology and fast Notaries who do not dilly dally. You have to give them credit for this. 123notary has a completely different business model and we have a combination of fast and slow Notaries.

Maybe 123notary should learn from Snapdocs about screening Notaries to see how fast they are. We are emailing our certified Notaries to see if they get back to us, but we allow three days. Snapdocs would probably weed them out if it took them more than three minutes.

Putting quality and pay grade aside, Snapdocs gets a huge market share of clicks that is currently as big as 123notary and NotaryRotary combined. I cannot vouch for the quality of the clicks or the quality of the jobs. Many of the clicks are just Notaries logging into the system and Notaries on 123notary do not login that often unless I bug them.

The moral of the story is that when SnapDocs says jump, you jump. Their docs are not the only thing that is snappy, but also their Notaries assuming those Notaries want to actually get hired.

.

You might also like:

Opinions about Snapdocs in the blog and forum comments
http://blog.123notary.com/?p=21299

Snapdocs profiles are getting more impressive but…
http://blog.123notary.com/?p=20819

Snapdocs wants to sell shares on Shark Tank
http://blog.123notary.com/?p=20815

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