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hi everybody this is Bill Soroka founder of notary coach.com and with a sign and thrive know the retraining course and community you know about every week I get a half a dozen emails from people who became notaries maybe because their company paid for it for them or they thought that would be cool at some point or maybe they became a new Leary just because it served a purpose at some particular point in their lives but then they haven't done much with it and so now they reach out and they ask how can i monetize my notary Commission how could I make money as I know the Republic so if you are looking for ways to monetize your commission if you're looking for a way to maybe make a living as a mobile notary and loan signing agent or maybe you just want to make some decent money as a side hustle then to this week's live is for you so this is an exciting time to be another Republic because across the country in states they have increased the notary fees that we can charge not necessarily every state but they'll have some more information about that little later on but across the board we're seeing and then a jump in the the fees that we can charge especially for the mobile component and most states allow for some sort of convenience or mileage fees as well so you can make this a real viable business for yourself the cool thing is and the interesting thing is about this industry is that even with four and a half million notaries across the country you still can't find one when you need one and that creates an enormous amount of opportunity for us so with a little bit of attention focus on building authentic relationships and just implementing basic business strategies this can be a very lucrative business for you so there's really basically two ways that you can monetize your know the Republic Commission the first way is just to become a loan signing agent for the mortgage industry and then the second way is just to boost your up your general notary work which general notary work is basically just everything else that the notary does outside of mortgage loan signings so we're gonna look at that let's look at each of those a little more in-depth the first one is to become a loan signing agent I really kind of broke this down into five different phases if you will or five different steps the first of course is just that you have to be a notary public in your state if you're listening to this the chances are you've already cross that bridge number two while it's not required it's highly recommended that you get your loan signing agent certification from the National notary Association that's an annual exam and it includes a criminal background check which is also required so it keeps everything nice and neat and tidy and there's some other benefits to it as well the third step is to learn how to do this job you know there's a lot of paperwork inside the loan signing pay package sometimes one hundred and fifty two hundred pages so you gonna learn how to briefly describe that appropriately how the signed date initial those documents what to do when errors happen all the processes the etiquette the printing the drop-offs the where to park your car all that good stuff is included in what I call phase three there then then phase four this is where things get really interesting this is where you're going to grow your business and that means that you're going to get new clients whether that be through signing services because there's hundreds of them are on the country that hire people like you and me to go out and do this work but also you're building authentic relationships with closing agents and attorneys and other people that will compensate you and pay you to do this level of work a huge component of this fourth step though too is personal development we have to grow ourselves into the type of person that can be successful at this and there's all kinds of different components in that finally in step five you've got to get all the tools and resources to help your business run smooth and efficiency this is stuff like bookkeeping your business entity type little software smartphone apps that make the job a lot easier so that's the five steps for the more of the signing agent for the mortgage industry then the second way that you can really monetize your know the Republic Commission in your state is to go before the general notary work I mean it comes to general notary work there's really three main ways that you're gonna get your phone ringing and dinging and get that business coming in the first one kind of surprising is kind of the traditional advertising with this when I mean by that is things like car magnets those signs that you see on your cars those still work for mobile notaries and loan signing agents magnetic business cards that people can stick to their fridge or filing cabinets that stuff works really well local newspaper display ads like your little neighborhood community newspaper those are relatively cheap and they pay off really well for the notary publics why because not very many people do it and people need a notary when they need a notary and if your front and center and top of mind your phone is going to be ringing the second and a probably more effective and consistent way is to get referrals and build relationships with people like family law attorneys because those living trusts and last wheels and Testaments powers of attorney those are huge documents in the notary world you can set up relationships with tow yards hospitals bankers shipping and printing centers believe it or not even though they have a notary on-site the fact that you are mobile brings value to that relationship because those print centers sometimes can't send their notaries out anywhere so they still will be referred to you now you have senior living facilities hospitals jails and prisons adoption agencies plus the there's an infinite list of people who need notaries for their day-to-day business 401k companies whenever somebody takes money out of their retirement accounts sometimes they need a notary for that too so there's lots of opportunities there and then finally the third and probably most powerful way that you're going to get business in your for general notary work is through a digital presence that is search engine optimized what does that mean all it means is having some sort of basic website that search engines will know that you're a notary so they can match your website with customers who are looking for a notary near them that's really critical and to get that done it's actually it can be very complicated and very expensive if you try to outsource it but there are simple ways especially with the Google my business suite of services you can get a website you can type in keywords and it will really help accelerate your growth in the search engine optimization search engine optimization is one of those things that you can kind of progressively learn on your way to so don't overwhelm yourself just start with the basics because that Google my business suite of services is completely free and I'll also include a link down below to some special a special 12-week intense SEO training that we have a digital marketer come in and do specifically for notaries so I'll give you access to that as well to better understand what's legally allowed in your state I highly recommend that you contact your Secretary of State or the governing body of your state that tells notaries what they can charge for their services they're usually pretty clear on this you'll have a maximum fee and it will tell you hey you can charge convenience fees or you can charge mileage fees the mileage fees are usually based on the federal reimbursement rate for or the reimbursement rate for federal employees which is around fifty eight cents per mile right now but again you want to just confirm that with your state guys this is a very exciting time to be in business and don't let anybody ever tell you that you can't make money as a notary public because there is lots of opportunity these days hope you find that helpful thank you so much if you have any questions please email me at orders at notary coach.com