Please nairalanders I need you guys to share your views on how lucrative you think the transportation sector is, especially the gurus in the business.

I'm thinking of buying a fairly used Toyota Hiace bus which costs about 3.5 million naira and I think it's a fair deal considering the profit I think I'll be making every day.

The bus should have 18 seats so that gives me 18,000 naira per trip, I'm thinking of plying interstate from port-Harcourt to Bayelsa which costs 1 thousand naira per person.

Therefore, if I can be able to make 4 trips in a day that gives me about 72000 naira returns everyday, giving me about 2.1 million naira per month.

Pardon me... I just did this little mathematics out of naivety as I do not really know the complexity of the transport sector, that is why i need your views, opinions and advice so that I don't hurt myself in the end.

However, if everything is as it seems then I think I would have to invest massively in the transport sector

Cc. Lalasticlala
Mynd44
Dominique
Puskin

Hmm... The transportation sector has already been monopolized by Agofure, God is good motors and the likes, so I don't know if it will be that lucrative for a newcomer

Ecokafor:
Hmm... The transportation sector has already been monopolized by Agofure, God is good motors and the likes, so I don't know if it will be that lucrative for a newcomer

I don't think that this should be an hindrance for me though

Lalasticlala Dominique Puskin.. I need more opinions

You've got a very good business mind and that's all you need to be successful. Don't allow anyone discourage you. All man with Him Grace... Do a little more findings on parks you can partner with, Good motor parks. Since you'll be the on handling it yourself you have nothing to worry much about. If you maintain the vehicle, you'll enjoy it... Never despise the days of little beginning... Congratulations.

Springsdy456958:
You've got a very good business mind and that's all you need to be successful. Don't allow anyone discourage you. All man with Him Grace... Do a little more findings on parks you can partner with, Good motor parks. Since you'll be the on handling it yourself you have nothing to worry much about. If you maintain the vehicle, you'll enjoy it... Never despise the days of little beginning... Congratulations.

thanks bro, I'll keep this in mind... I have had this idea at heart for a long time but I kinda held back because I don't really know how the business works, If all is as it seems then I think I must have found the best investment for me

TissuePaper:
thanks bro, I'll keep this in mind... I have had this idea at heart for a long time but I kinda held back because I don't really know how the business works, If all is as it seems then I think I must have found the best investment for me

sure it is a good Investment. If you're a Christian. Back to up with prayers. You'll thank God.

Lalasticlala Dominique Puskin.. I need more opinions

While considering the gains you also need to consider running costs; car maintenance, fuel, Union money, government monies, agbero money and emergencies.

As for bad drivers one good thing about them is they are not innovative, most of their mischief is a closed set, know them all and have counter moves set up.

Get insurance for your vehicle too

ositadima1:
While considering the gains you also need to consider running costs; car maintenance, fuel, Union money, government monies, agbero money and emergencies.

As for bad drivers one good thing about them is they are not innovative, most of their mischief is a closed set, know them all and have counter moves set up.

nice... Thanks bro