If you’re looking for a side gig to supplement your income, becoming a notary public may be a viable option. Notaries are public officials appointed by state governments to witness the signing of important documents and administer oaths. While notaries primarily serve as impartial witnesses, they can also earn a decent income on the side.
So, can you make money as a notary? The answer is yes. Notaries can charge a fee for their services, and the amount they make varies depending on their location, expertise, and the type of documents they notarize. Some notaries charge a flat fee per signature, while others charge by the hour. According to National Notary Association, “the average notary signing agent makes $75 to $200 per signing, depending on the complexity of the loan package.”
While being a notary can be a lucrative side hustle, it’s important to note that it’s not a get-rich-quick scheme. Building a successful notary business takes time, effort, and dedication. However, if you’re willing to put in the work, becoming a notary can provide you with a flexible, rewarding, and profitable career.
- What is a Notary?
- How Much Can You Make as a Notary?
- Ways to Make Money as a Notary
- Tips for Starting a Notary Business
What is a Notary?
If you’re looking for a way to make some extra money, becoming a notary is a great option. Notaries are public officials who are authorized by the government to witness and certify the signing of important documents. They play a critical role in ensuring that legal documents are authentic and legally binding.
What do Notaries Do?
Notaries are responsible for verifying the identity of individuals who are signing important documents, such as wills, deeds, and contracts. They also ensure that the individuals signing the documents are doing so voluntarily and without any coercion. Once the documents have been signed, notaries affix their official seal to the documents to certify that they are authentic.
Notaries also have the power to administer oaths and affirmations. This means that they can legally swear in witnesses who are testifying in court or in other legal proceedings. Notaries are also authorized to take depositions, which are sworn statements that can be used as evidence in legal proceedings.
What are the Requirements to Become a Notary?
The requirements to become a notary vary from state to state, but in general, you will need to meet the following criteria:
- Be at least 18 years of age
- Be a legal resident of the state in which you want to become a notary
- Pass a background check
- Complete a training course or pass an exam
- Purchase a notary bond and insurance (if required by your state)
Once you have met these requirements, you will need to submit an application to your state’s notary commission. If your application is approved, you will be issued a notary commission, which will allow you to begin performing notarial acts.
How Much Can You Make as a Notary?
If you’re considering becoming a notary, you may be wondering how much money you can make. The answer is that it depends on several factors, including where you live, how much experience you have, and the type of notary work you do.
Factors that Affect Notary Fees
One of the biggest factors that affects how much money you can make as a notary is the fees you charge for your services. Each state has different regulations for how much notaries can charge, and some states have maximum fees for certain types of notary work.
Other factors that can affect your notary fees include your level of experience, the complexity of the documents you’re notarizing, and whether you’re working as a mobile notary or a traditional notary. Mobile notaries, who travel to clients’ homes or businesses to notarize documents, often charge higher fees than traditional notaries.
Average Notary Fees by State
According to a survey by the National Notary Association, the average fee for a notarization in the United States is $15. However, this varies widely by state. For example, in California, the maximum fee for a notarization is $15 per signature, while in Texas, notaries can charge up to $6 per signature.
Some states also allow notaries to charge additional fees for travel, printing, and other expenses. In New York, for example, notaries can charge up to $2 per page for printing and copying documents.
Keep in mind that these are just averages, and there is no guarantee that you will make this much money as a notary. However, with the right skills, experience, and marketing strategies, you can build a successful notary business and earn a good income.
Ways to Make Money as a Notary
As a notary public, you have the opportunity to earn a decent income. Here are some ways you can make money as a notary:
Mobile Notary Services
One way to make money as a notary is to offer mobile notary services. This means that you travel to your clients’ location to notarize their documents. This service is especially valuable to those who are unable to travel to a notary’s office due to health, mobility, or time constraints. You can charge a higher fee for this service since you are providing convenience to your clients.
Loan Signing Agent Services
Another way to make money as a notary is to become a loan signing agent. This involves notarizing loan documents for clients who are refinancing or purchasing a home. Loan signing agents are in high demand, and you can charge a fee for your services. You will need to complete additional training and certification to become a loan signing agent.
Notary Public Services for Businesses
You can also offer notary public services to businesses. Many businesses require notarized documents, such as contracts, agreements, and legal paperwork. By offering your services to businesses, you can establish a regular client base and charge a fee for your services.
Overall, there are many ways to make money as a notary. By offering mobile notary services, becoming a loan signing agent, or offering notary public services to businesses, you can earn a steady income. With a little marketing and networking, you can expand your client base and increase your earning potential.
Tips for Starting a Notary Business
Starting a notary business can be a lucrative venture, but it requires careful planning and execution. Here are some tips to help you get started:
Marketing Your Notary Services
One of the most important aspects of starting a notary business is marketing your services effectively. You can start by creating a website or social media profiles to showcase your services and reach potential clients. Make sure to include your contact information, fees, and any specializations you may have. You can also create business cards and brochures to distribute to local businesses and organizations.
Another effective marketing strategy is to offer discounts or referral bonuses to clients who refer new business to you. This can help you build a loyal customer base and generate new leads.
Networking with Other Professionals
Networking with other professionals in your industry can be a great way to generate new business and learn from others. You can attend local networking events, join professional organizations, and participate in online communities to connect with other notaries and legal professionals.
When networking, it’s important to be genuine and build relationships with others. Don’t just focus on selling your services; instead, try to learn about others’ businesses and see how you can help them. This can help you build trust and establish yourself as a valuable member of the community.
Setting Your Fees
Setting your fees is an important part of starting a notary business. You’ll need to research the fees charged by other notaries in your area and determine what you can realistically charge based on your experience and qualifications.
It’s also important to be transparent about your fees and any additional charges that may apply. Make sure to clearly communicate your fees to clients before providing any services to avoid any misunderstandings or disputes.
Finally, be willing to adjust your fees as needed based on market demand and competition. It’s important to stay competitive and offer fair prices to attract and retain clients.