5 Easy Steps To Start A Notary Business
Are you ready to start earning real money as a notary? It is possible! Many people have found freedom in being able to work for themselves as a mobile notary public. There are certain steps you do need to take so that you will have a successful notary business.
1. Become A Notary
Each state has it’s own requirements to become a notary. You can select your state on this page to discover yours. However, there are several steps that remain universal:
– Receive proper training: It is so very important to educate yourself on how to execute the role of notary public properly. Training will allow you to excel in your role and establish yourself as a subject matter expert. Our training courses cover the basics and state specific requirements to ensure you are knowledgeable and prepared. They are approved by the states that require mandatory training and we guarantee you will pass your state exam, if one is required. Remember, ignorance is never an excuse for breaking the law. Knowing and understanding the law is the best way to keep yourself out of trouble.
– Submit a Notary Application with your State or County according to their requirements. This may require a state-approved notary course, notary exam, fingerprinting, etc.
– You will receive your commission from the State. It will provide you will all of the information you need to purchase notary supplies, including your commission number (if applicable) and expiration date.
2. Purchase The Right Supplies
Having the right supplies to begin your notary business is critical. This includes stamps, journals, and/or embossers. In addition you need to have the essentials of any small business:
– Phone: People need to be able to reach you consistently. A smart phone is an added bonus!
– Business Cards: Promote your business and allow people to easily reach you by providing business cards.
– Printer: Access to a printer in case you need to print documents is advisable. Using a laser printer for its resilient ink quality is a premium perk!
– Transportation: While public transportation may be sufficient in urban areas, a reliable vehicle is necessary in rural areas and provides greater flexibility to meet your customers when they need you.
– Professional Appearance: You don’t need a 3 piece suit to be a successful notary, but a clean, professional appearance will go a long way in gaining and retaining customers.
Something you can’t buy but is equally important is a positive, can-do attitude! Remember, it costs nothing to be on time, be helpful and smile.
3. Advertise Your Notary Business
There are multiple ways to advertise your notary business and many of them are free.
– Social Media: Facebook, Twitter, Instagram, etc.
– Classifieds: Craigslist, community publications, etc.
– Word of Mouth: The best referral is from a trusted friend
– Notary.net Mini Website: Every business needs a web presence!
– Networking Clubs/Websites
4. Keep Proper Records
Each state has requirements on what you may charge as notary fees. You will need to keep track of those charges. You can do this with your journal entries, an Excel spreadsheet, or an accounting software, such as Quickbooks. You will also need to track expenses, such as supplies, mileage, training, advertising, etc. Keep in mind there are many mobile apps to help keep track of these expenses on the go. The more accurate you are in record keeping, the easier it will be to file your taxes for your notary business.
It may not be necessary to file a separate business entity. It is a good idea to talk with an attorney and tax professional how best to limit your exposure.
5. Expand Your Notary Business
Once you have established yourself as a notary, you may consider expanding your business by specializing, for example as a loan signing agent. Loan signing agents are notaries that print and deliver the unsigned loan documents to the borrower, make sure everything is complete, then returns them to the lender. Since this is an expanded service you can charge above and beyond the normal notary fees. Take a look at our certified loan signing agent course where we teach you everything you need to know to get started.