Escort business is a very lavish business, with a lot of money to be made. Before starting an escort business, there are a few legal issues that you will have to take care of. Then you can go on and create a website. And after that, you can advertise it, and furnish your business.
In New York City, escort services charge anywhere from $200 to $1500 or more per hour. The industry standard for dividing the money is 50% to the escort, 40% to the agency, and 10% to the booker.
1. Before Starting an Escort business
You see, when you say you want to start an escort business, you need to consider it as a full-time “job.”
The great news is that the escort business is a recession safe business. There are several escort business types you can start with.
- Escort agency
- Escorts directory
- Escort reviews forum.
1.1 Is the escort business legal in your country?
Before starting an escort business, you need to ensure that this is entirely legal in your country. This is essential for running an escort agency while other services like escort directory and escort reviews forum, as you’re not involved directly. However, still, talk with strangers you want to make sure it is legal.
For instance, one of the leading classifieds websites in Romania, where escort businesses are tolerated but not legal, was indicted by prosecutors because they allowed mass ads for escorts services. They had to remove the escort ads category entirely.
You have to follow the rules and systematically run your business. If you fall foul of the law, you probably weren’t aware of all the rules. If necessary, consult a solicitor and get information about the legalities of running an escorts-related agency.
Make sure you talk with an attorney and give you proper advice about what is legal and what isn’t, what services you can advertise, which one you can’t etc.
1.2 Do you have all the funds ready?
Setting up an escort business means that you need capital to start. You could either save or raise money from third-party sources. A successful escort agency also requires a constant cash flow to be successful, just like regular businesses do.
But while regular businesses can opt for business loans, that is not the case for an escort website. The primary reason is the nature of the business. Most banks don’t consider it a legitimate business because it doesn’t fit into their criteria. This makes it very difficult to get them to approve a loan for an escort agency.
The only reliable way to get money to start your own escort business is to pitch to your acquaintances, friends, or maybe some investor. You need to consider capital for at the beginning, mainly the website and an advertising budget for the next 6-12 months.
1.3 Is your escort business in a lucrative location?
To run a profitable escort business, it’s essential to target big cities as these have the most potential. In big cities, mature and intelligent people live a modern lifestyle. Also, It’s easy to recruit escorts in big cities. In small towns, women are usually conservative. People in small towns are generally reserved.
One problem with the big cities is, of course, the competition. It’s tough to compete with the existing ones as a new agency. Unless and until you offer a unique, valuable, and engaging angle along with a plethora of benefits, your escort agency may fail to entice big clients.
1.4 Are you good with recruiting?
Recruiting classy escorts presents another challenge in running an agency that you should know about. Most women enter this business because they want money, not just love the job.