5 Tips to Being a Self-Employed Notary
1. Apply and get your notary commission
Every state has a different procedure and specific requirements in applying to be a notary. Since notaries are considered public servants, they are listed and acknowledged under the Secretary of State’s office.
Some basics include being at least 18 years old, legal resident of the US and able to read and write in English. As simple as that!
Once you’ve completed the requirements, you can finally submit your application. Be financially prepared as well for expenses during the application. You can check your Secretary of State’s website for related fees.
2. Get equipped and educate yourself
Once your application’s been accepted, get ready to take the notary public exam, if your state requires. Study the basics about the duties of a notary. You may also want to read about notary law, different notary situations and challenges and best ways to identify signers.
If you want to take a step further, equip yourself on trends and issues related to the industry. You can also learn from other experts in the field.
3. Establish yourself as self-employed
Being your own boss means getting all your ducks in a row to establish yourself as a business. First thing’s getting an employer tax ID number (EIN) as a self-employed individual from the Internal Revenue Service (IRS).
And since being self-employed means running yourself as a business, it’s best to treat this as a business. Know your market, define your brand, manage your money and resources and set processes in place. Having all these defined can motivate yourself to treat your business seriously and in the best possible way.
4. Build your expertise
There’s a long list of documents needee to be notarized. Think of it this way, every institution, every business, every individual has different legal transactions every day. And somewhere in between, they’ll be needing your services.
Set yourself apart from the other notaries by building your expertise. If you’ve already been employed before, you can use your knowledge and skills from your previous employment to build on your portfolio. You can start in your locality to help you get quickly known in the neighborhood.
5. Build your network
Since this is a business, a network is important. Build professional relationships and associations who can help grow your business. Initiate a casual meeting or even a phone call, with an expert in notaries or in businesses and learn from their experiences. You can also ask someone to mentor you if the opportunity allows.
Forge relationships in your neighborhoods, they could be your immediate market to begin with.