3rd August 2006, 02:35 PM
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#1
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Member
Join Date: Jul 2006
Location: Pennsylvania
Posts: 6
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any advice
Hello Everyone,
I could use a like insight if possible. I have a full time job and I am also a Notary on the side. I notarize items for my job for a small fee. Not much money being made. I would like to start my own business in the Notary business. Maybe notarize loans and other things. If anyone know how I can get started in that business, please let me know.
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3rd August 2006, 03:39 PM
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#2
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Administrator
Join Date: Jun 2004
Posts: 5,898
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To me, it comes down to generating more sales/contacts. How have you established contacts with your previous sales? If you could let us know that and any other details you might think are relevant, maybe we can help you get things moving in the right direction.
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3rd August 2006, 04:11 PM
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#3
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Moderator
Join Date: Dec 2004
Location: Clearwater, FL
Posts: 1,351
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First recommendation - Polish up on your English a little bit.
Secondly - If there's not much money to be made in that industry, why would you pursue that it?
Maybe I need some more info.
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3rd August 2006, 08:11 PM
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#4
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VIP Contributor
Join Date: Jul 2006
Posts: 113
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The first thing you need to do is to count whether it will be profitable and comfortable for you to do on your own.
Will you earn as much as you need if you are booked for a month?
Also, you'll need to count how much you spend a month to predict how much startup budget you will need.
Technically, you need a solid business plan before you start.
Only after that you can get some sales/contracts going, if you are sure you will make profit and enjoy working at home/alone.
Certainly, more info on what you expect from your business might help to give you more advice.
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9th August 2006, 11:57 AM
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#5
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Member
Join Date: Jul 2006
Location: Pennsylvania
Posts: 6
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Thanks Everyone
Yes, I agree, proper english is a must and I see the few mistakes I made. I thank you for pointing that out. My English is not the problem. In the future, I will proof read a little more carefully.
Anyway, there's not much money just in notarizing. However, if I can some how get my foot in the door with a Loan signing, there's defeintely money to be made. As a loan signing agent, you can charge from $100.00 - $200.00 for one loan signing. This fee will include processing the paperwork and travel. Sometimes it may be more money depending on the distance you have to travel. If you do more then one closing a day or even one a week, this will definely be profitable. My question is getting my foot in the door. I have faxed out flyers to different companies and passed out my business card. Any other advice? I want to thank everyone for listening and responding.
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9th August 2006, 12:31 PM
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#6
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Member
Join Date: May 2006
Location: Long Island, NY
Posts: 85
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icandothis,
Your local title companies would be a great area to start. They are the ones that usually order the witness closings for a mortgage. A lot of them do look for more people to do the witness closings so that if a closing sneaks up on them, then they have multiple choices. Once you get to the closing, definitely pass out your business cards to the attorneys at the closing and don't forget the two RE Agents sitting in the corner of the room waiting on their commission checks.
Yes, if you can get a couple of closings a week, it will add to the size of your wallet. Good luck and let me know if you need to know where to find a list of title companies.
__________________
-Jim Looking to buy or sell a business or want to be a business broker?
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9th August 2006, 12:50 PM
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#7
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Member
Join Date: Jul 2006
Location: Pennsylvania
Posts: 6
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Thank you JGAviator. Great advice. Is there a list of title companies? I looked in the phonebook, but if there's a list, then yes I would love to have it. Thank you again.
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9th August 2006, 04:20 PM
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#8
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VIP Contributor
Join Date: Jan 2006
Location: Las Vegas, NV - Nashville, TN
Posts: 107
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Maverick says...
I suggest you visit this website:
http://www.50statenotary.com/
Victoria Ring is the owner of 50 State Notary and is a commissioned Ohio notary public. She started her own signing agent business in 2001 with very little income. Today, 50 State Notary is one of most respected companies within the industry for training and marketing needs.
These people are among the best in the business. They have an association, are Notaries, and offer high quality "How TO' materials, like how to start a Notary Business.
Regards,
Maverick
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9th August 2006, 04:48 PM
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#9
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Member
Join Date: May 2006
Location: Long Island, NY
Posts: 85
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Hey Maverick !! Funny meeting you here
icandothis,
Go to http://www.alta.org. It's the American Land and Title Association. There you should find a list of title companies not only in your area, but all over the country.
__________________
-Jim Looking to buy or sell a business or want to be a business broker?
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9th August 2006, 08:43 PM
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#10
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Moderator
Join Date: Dec 2004
Location: Clearwater, FL
Posts: 1,351
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Mav - JGA
Those are some very helpful tips!!! It's what makes this site grrrrrreat!!
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