A Comprehensive Guide to Building a Successful Notary Business
How to build a successful notary signing agent business?
Notary public services are fast-growing and highly profitable. The demand for notary services is only going to continue growing, which means that you can establish a profitable notary business relatively easily. However, this isn’t something you should dive into head first. There are many details involved with establishing your own notary business that you need to be aware of so that your business is successful from the start. Read on to learn more about how you can build a successful Notary business, including advice on what equipment you need and cost options, getting licensed in your state, marketing strategies, and more!
Find out if you’re eligible to become a notary public
First and foremost, you need to make sure that you are eligible to become a notary. Every state has its own requirements for who can become a notary, so you will want to check with your state to see what the requirements are. There are two main requirements you need to meet in order to become a notary: Be at least 18 years old and a U.S. citizen.
Choose a name, logo, and color scheme for your business
Once you know that you are eligible to become a notary public, you will then want to start thinking about the name and logo of your business. This is important because it is what people will see when they find you online or come to your business. Make sure that the name and logo you choose are professional, yet memorable. Ideally, the name of your business should be easy to remember and should reflect the type of business that you are running. The logo is also very important since it will be what people associate with your notary business. The logo can be something as simple as your signature, or it may be a design. When choosing colors for your logo, again, make sure that you keep it professional and that it fits with your business name.
Decide on the type of notary services you will provide
The type of notary services that you will offer will depend on your state’s laws and which documents you are allowed to notarize. You will want to make sure you are notarizing documents in accordance with your state’s laws, so make sure to check with your state’s secretary of state website. There are a few different types of documents that you can notarize. Generally, the types of documents that fall under notary services are affidavits, documents relating to real estate, and documents related to wills. You may also be able to notarize powers of attorney, contracts, and other documents, depending on your state’s laws.
Select the equipment you will need for your business
There are many pieces of equipment that you will need for your notary business. One of the most important pieces of equipment that you will need is a notary seal. Your seal will be what you use to stamp the documents that you notarize. Make sure to choose a stamp that meets the requirements of your state. Your stamp will be what people associate with your notary business. You will also need a notary journal, which is a book where you will record all of the notary services that you complete for each document. A document safe is another item that you will need in order to notarize certain types of documents. A notary journal is where you will store all of the documents that you notarized. Some of these items are mandatory, while others are optional. Generally, you will want the basics, such as a stamp, journal, and maybe even a safe document.
Find the best location for your Notary business
Finding the best location for your notary business will depend on several different factors. First and foremost, you will want to find a location that is safe and secure. You don’t want to be in a location where there is a lot of foot traffic and a lot of noise. This can be distracting for you and your clients. Make sure that you find a location that is quiet and that has ample parking. Your location should be near a high population so that you can draw from the most potential clients. Make sure that you are allowed to do business from this location. Some states require that you have a physical address, while others allow you to do business from your home.
Get your NNA membership and state licensing
Once you have established your notary business, you will want to get your NNA membership and state licensing. This will ensure that you are operating your business legally. Not only will getting your NNA membership and state licensing make your notary business more legitimate, but it will also give you access to the many resources that the NNA provides. This includes marketing materials, a mentor program, and many more benefits. Getting your state licensing will ensure that you are abiding by your state’s laws. You will also be able to practice legally and professionally.
Write an ad that will attract potential clients
The best way to attract potential clients is to write an ad that is appealing. Make sure to include all of the information that your potential clients would want to know, including what kind of notary services you offer, the cost of your services, and the best ways to contact you. There are many free and paid options for advertising, such as Facebook and Google ads, newspapers, magazines, and radio. Make sure to test out multiple types of ads to find out which one is the most successful.
Use Notary Software
Since running ads could be expensive, using a notary software is relatively a pocket-friendly and better alternative. There are several mobile notary software available that you can use to get more orders in order to grow your business.
There is one such tool named CloseWise. It is a notary database and scheduling software where you can get signed up and connect with signing services to get more signing jobs. Here, you can also manage your personal signing orders. Additionally, with its payment processing feature, you can get paid easily and instantly. Besides, you can manage clients, update the order status, generate invoices, and keep track of your business growth.
So, using this tool can be a game-changer for your business as it will automate the workflow and allows you to connect to several signing companies.
The Bottom Line
When it comes to successfully opening and operating a notary business, there is a lot that you need to be aware of. First and foremost, you need to make sure that you are eligible to become a notary public. Once you know that you are eligible, you will then want to start thinking about the name and logo of your business. Once you have established your notary business, you will want to get your NNA membership, and state licensing, write an ad that will attract potential clients, and use the mobile notary software. With these tips in mind, you can be sure that your notary business is successful.