The National Notary Organization provides statistics on how much the average notary makes for mobile services. Keep in mind that the range varies widely while reviewing the following information from the NNA’s 2020 Notary Survey:
- Most full-time mobile notaries make at least $2,000 per month.
- Nearly two-thirds of full-time notaries with three years of experience make $4,000 or more per month.
- Over 40% of part-time notaries make around $500 monthly, and 30% earn $1,000 monthly.
- About 88% of full-time notaries consider their business profitable and plan to keep their businesses going.
Mobile notaries and signing agents provide services outside of a traditional workspace. They notarize legal documents, including affidavits, powers of attorney, and deeds. Do you have an interest in a specific industry? If you become a signing agent, you’ll handle complicated loan signings requiring skill and care. Both professions require excellent customer service and flexibility to accommodate your clients, whom you’ll meet at their home, office, or elsewhere.
As a notary, you can set your own hours, allowing you to work around other commitments. This may be appealing if you need supplemental income or flexibility in your schedule.
Your earning potential depends on several factors, including:
- Location
- Experience
- Reputation
This post looks at these factors and how they can affect the earning potential of a mobile notary or signing agent.
What Affects Your Earning Potential as a Mobile Notary?
As a mobile notary or signing agent, you can charge $10 for most documents in Arizona. Living in an urban area makes you more likely to find potential customers. Therefore, location is a significant factor impacting your potential earnings. In densely populated areas, there is more demand for notarization of real estate, finance, insurance, and other documents. If you plan to relocate, keep this in mind. However, you can also make extra money in more remote areas by adding this skill to your resume.
Make sure you have the right mobile notary training by enrolling in notary courses available at Nationwide Notary Bond.
Competition also affects how much you can earn. Phoenix and other highly populated areas have a high concentration of signing agents and mobile notaries. Therefore, you may face greater competition and have to lower your fees to draw more business. Other areas may have a lower concentration of notaries, making competition less fierce. Generally, your best strategy would be determining the best way to earn income in your area. For example, if you live in a rural area, the clients will mainly be homeowners and small business owners.
How much experience do you have? It may be harder to draw new business if you’re a new notary. However, you will gain business over time. The great thing about becoming a mobile notary is that you can often build relationships and lock in future business by doing a great job and remaining flexible to your client’s needs. Consider lowering your fees until you build a clientele.
Get everything you need for your new career before marketing your services.
Impact of Document Complexity on Fees
The type of document being notarized affects your earning potential as a mobile notary or signing agent. Whether you are notarizing a rental agreement or loan documents, you will find many opportunities for your services. The more complex the documents, the more you can charge for your services. However, it takes time to build up your experience. Therefore, building your business slowly before becoming a signing agent is a good idea.
As a result, the fees charged for these types of documents may be higher. Notaries and signing agents may charge an additional fee for travel or other related expenses, depending on the location and type of document being notarized.
Experience and Reputation
Experience and reputation are essential for mobile notaries and signing agents. New notaries may start with lower fees until they gain experience and build a reputation. So, when you first enter the field, concentrate on forming great relationships with your clients.
To build a strong reputation, mobile notaries and signing agents should provide high-quality services, have a professional demeanor, and maintain a positive attitude. You should also network with clients, industry professionals, and colleagues to gain referrals and increase your client base.
Remember to use social media and personal contacts to build your reputation and attract more clients. By offering discounts to local businesses, you’ll gain anchor clients who continue using your services for many years.
State and Local Laws Impact Fees
It’s important to know the Arizona state laws and local regulations that will affect your income. For example, knowing how much you can charge per notarization is important.
Arizona restricts the fees you can charge for notarizing certain types of documents. Stay informed about these laws to ensure you adhere to them in your practice.
Overall, mobile notaries and signing agents have the potential to earn a good income. Build a strong reputation and network to increase your earning potential. You’ll also need the right training.
Best Training, Insurance, and Supplies for Arizona Mobile Notaries
Contact us today to learn how to become a mobile notary in Arizona. We offer training for new notaries and guide you through the renewal process. Our team can also simplify the insurance and bond requirements of an Arizona mobile notary.
