September 15, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Business Ideas

 

How to Start a Personal Escort Services Business

Opening a personal escort services business is your ticket to owning a good, stable business as long as you separate yourself from the competition. Here are tips and advice that instructs you on how to start your business.

Thinking about opening a personal escort services business? We tell you what you need to know to get started.

The Escort Industry in the U.S.

For many people, the escort industry is synonymous with prostitution in the U.S. While it's true that the escort industry is rife with sex workers, not all escort services barter in the sex trade. In fact, some of the industry's most respected businesses strictly forbid sexual contact between their clients and their employees.

If sex is off the table, why would customers want to hire a personal escort? In truth, there are many reasons why individuals are willing to pay for personal escorts including companionship. Believe it or not, many people are so busy with their careers or other responsibilities that they don't have time to develop relationships. Personal escorts fill the void by providing conversation, companionship or even a last minute date to bring to the company Christmas party.

If your startup doesn't strictly forbid sexual relationships between your clients and workers, it's important to explicitly state that the customer is only paying for companionship. Any sexual activity or arrangements are at the discretion of the client and the companion and your business in no way promises that sexual contact will be offered or performed.

Tips for Escort Service Startup Entrepreneurs

It goes without saying that escort service entrepreneurs are already engaged in an extremely unique business startup. Still, there are a handful of unique business requirements you'll need to be prepared to address in your escort service startup.

  • Location. Where you choose to locate your escort service will be a critical indicator of its success. Obviously, dense urban areas tend to be more amenable to escort services than small towns. But you may also want to search for a location in a state that take a friendlier view toward escort agencies and where quality escorts are in high demand.
  • Price. In business, pricing often boils down to the marketplace, causing many providers to charge whatever the market will bear. To increase your ability to offer higher prices, you'll need to consider the quality and scope of your agency's services. For example, in-demand workers can command a higher price and you can offer special pricing for extended contracts or engagements that require travel.
  • Hiring. Hiring is another important factor in the success of a startup personal escort service. If you are launching a legitimate personal escort service in which sexual activity is strictly forbidden, you'll need to carefully vet your hires to ensure that they are capable of complying with company rules and providing genuine companionship for your clients.

How to Draft a Personal Escort Services Company Business Plan

Like it or not, your new personal escort services business is going nowhere fast without a business plan.

There is nothing magical about a first-rate personal escort services company business plan. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.

When you compose a business plan, you formally document the rationale behind your entrepreneurial vision. The information in your plan (and your rationale) are essential for lenders, investors and other people who have a stake in your company.

Before you begin, we recommend reviewing a few sample business plans.

Don't Overlook the Competition

Prior to opening a personal escort services business in your area, it's a good idea to find out how strong the competition is. Try our link below to get a list of local competitors in your city. Complete the form by entering your city, state and zip code to get a list of personal escort services businesses that are close by.

If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.

Finding a Non-Competitive Business Mentor

After you've evaluated your local competitors, it's a wise move to learn from folks who are already in business. It's very unlikely that the local competition will talk to you. What's in it for them?

However, a fellow entrepreneur who has started a personal escort services business on the other side of the country may be willing to share their entrepreneurial wisdom with you, once they realize that you are not going to directly compete with them in their community. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. If you are persistent, you can find a business mentor who is willing to help you out.

What's the process for finding an entrepreneur who is running a personal escort services business who is willing to advise you because you live in different cities?

Here's one way to do it. Just use our link below, find somebody and call them.

How to Buy a Personal Escort Services Business

Many experts advise against starting a personal escort services business if you can buy an established operation. Yet the process of buying a personal escort services business introduces a new set of challenges.

Buying a business can be just as complex as starting one. For most prospective business buyers, the first step is to contact a business broker.

A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.

Consider Buying a Franchise

If you don't want to have to do everything on your own, you should consider whether there are good franchise opportunities that would be right for you.

Before starting a personal escort services business, you may want to investigate whether franchise opportunities in your space might make your life much easier.

The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.

Related Articles on Starting a Company

These additional resources regarding starting a business may be of interest to you.

Buying a Franchise


Conversation Board

How can we improve this article on launching a personal escort services business? Your input helps this article become more useful to others.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Already Own a Personal Escort Services Business?

If you currently own a personal escort services business, these resources will come in handy:

Marketing a Personal Escort Services Business

Selling a Personal Escort Services Business

Are You Selling to Personal Escort Services Businesses?

If you sell to personal escort services businesses, you're in the wrong place. Try these resources instead:

Selling to Personal Escort Services Businesses

Mailing Lists for Personal Escort Services Businesses

More Guides on How to Start a Business

If you are still exploring all of your options, please browse our directory of guides below.

 

 

 

 

Additional Resources for Entrepreneurs

Entrepreneur Features

Employee to Entrepreneur

Small Business Ethics

Good Business Books

Studying Entrepreneurship

How Kids Make Money

Social Entrepreneurship

Mergers and Acquisitions

Entrepreneur Blogs