Escorts & The Recession

The recession for the majority of people in the UK, sees many people lose their jobs, houses, prospects and income. In regards to industry, many companies go bust, jobs go and many lives are wrecked. Certain industries that flourished are on their last legs. The escort industry has been affected by the recession in many interesting ways. Obviously one would think that the more gentlemen out of work or who would have had to take a pay cut to to stay in would have less money and need for escort services. Well the answer is yes and no. Established independent escorts who have a reliable client base, on average have seen a vast rise in the number of bookings. Many gentlemen cope with hard times and the recession by indulging more in escort services. People who have been made redundant use their redundancy payout to fund more and more escort bookings. Like a coping mechanism to their circumstance. However it is not all roses and many people have had to cut down on their spending. That spending does include money spent on escorts. For many booking the company of an escort is a luxury. When money is tight, then there is no room for luxuries.

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Question - Will BREXIT cause another recession?

Some financial analysts are warning that BREXIT could cause a recession that lasts for 12 months. So escorts and the recession was a major talking point back in 2012. Will it be the same in 2016. Will it have a another negative impact on the escort industry? Only time will tell, but any agencies and escorts have been talking about the potential impact on online forums. There is most likely going to be an increase in London escorts as an influx of them fro Eastern Europe has been talked about.

The Effect On The Escort Industry

In a very competitive market like the escort one, the recession seen many agencies and independent escorts suffer as well. Without an established client base, for agencies they have seen many competitors, drop their prices to accommodate the change in people's financial circumstances. Many agencies are being priced out of the market. They simply do not see viable in principle or practice to drop their prices to what they deem as very low. Too low for them in fact. So their has been a sudden change in the demographic of clients Many gentlemen before simply could not afford to embark on escort services. Now they feel they can. The independent escort market is the most competitive of markets in the the UK for escorting. The recession has seen a vast rise in women becoming escorts. These women used to have high powered and very well paid jobs before the recession, some simply had work and was let go. So the sudden increase and accompanied by the new escorts dramatically dropping the price for escort services has seen many escorts, who were established before struggling, even to the point of quitting due to lack of work.

However for some individuals who have lost their job and have turned to escorting, it seems a viable career change. If they are independent they are their own boss. Financially if they are successful, they would earn more than they did at their previous job. Despite many news outlets saying that the economy is strengthening, the reality is that there is a long way to go. National debt is still high and high street spending hasn't really risen to previous levels when everything is good. So if the high street is suffering, what do you think the state of the escort market is. In one instance for many people who have become escorts due to the recession, potentially it is a great career change financially. However many struggle and if they are have no previous escorting experience, they will find it hard to gain sustainable clientele. However if they can overcome the initial struggles and advertise in the right places; it can be a very lucrative job. Obviously there are certain things independents have to do to ensure they have any chance at success. Having a professional website made will give the an advantage over those who haven't. It boils down to the trust factor and having a website looks ore professional. One mistake many new escorts make is having poor quality pictures. It is worth investing in a professional photographer. While some may argue that the recession has left them with little start up costs; this is a must. Having professional looking pictures gives you a better chance of gaining bookings. So you have to put the work in and invest in the future of your escort service.

The recession knows no bounds, regardless of industry or sector. The escort industry has been affected by the recession like any other industry.