With certification in hand, you are now ready to start your own notary signing agent company. Knowing the tools of the trade, including where to get a notary stamp, can help lay the foundation for a successful business and career.
As with any business, dedication and effort will go a long way towards helping you achieve your goals. Beyond working hard, consider these three things while writing a business plan and decorating your office.
Identify Your Client Base
Just because someone needs you to notarize their signature does not mean they are a good fit for your business. You should strive for a client base that can help you become profitable. A slew of singular assignments will not keep you in business for long.
Look into building clients from title companies and signing services. Both pay long after you complete the work. Make sure to evaluate the companies for creditworthiness so you are not completing too much many assignments while previous work goes unpaid.
Diversify Your Revenue Streams
In addition to building a list of money-making clients, diversify your work as a notary. It is risky to put all your energy into document signing assignments. You will be better off building a solid revenue stream by offering a suite of services. Doing this will keep you going through staggered income cycles.
Consider different services or specialties unique to the notary field that complement your standard services. Incorporating different receivables cycles can give you a steady cash flow.
Build Strategic Alliances
It is not unusual to view other notaries as your competition. Making this automatic assumption could close doors to some very strategic alliances that could strengthen your position in the industry. Find ways that you can partner with notaries in your market to broaden your reach.
Retail businesses such as a local parcel shipping store may also prove profitable. If you offer mobile services, you could refer clients who do not need this. In return, the store may refer clients who need your notary services after normal business hours.
Notary services might not be for everyone, but with ingenuity, you can make it work for you.