Good day everyone.
I've been thinking of going into transportation business so, I need advice from y'all.

I'm contemplating between taxify or doing interstates transportation. Which do you suggest?

Secondly, will a toyota sienna or Nissan mercury be good for taxify??

I also need advice and input from people that are already into transportation business. What advice will you give to someone that is just starting up? Will also appreciate if anyone can tutor me on how it's done in the transportation industry.

Currently reside in Ibadan.

Thanks as you share your sincere opinion (s) to help a brother.

I will advise you to go for interstate transportation. Uber, taxify, bolt...etc are all overcrowded with husslers. They're not as lucrative as they used to be in the past, no thanks to unemployment which has thrown basically almost all the youths into it. Meaning you have a hard time getting customers due to the availability of idle competitors around.

Interstate transportation is still very lucrative, most especially if you're driving long distances. Say like Lagos to the East, or Lagos to the south south, like PH, Uyo.

All you have to do is to buy a bus and register it as franchise under any reputatable existing transportation company and you're good to go. if you're driving it yourself which I will strongly recommend that you do, three trips in a week can fetch you over 400k. The only deductions in your money would be fuel, feeding and the commission you'll give to the company you're operating under, and the rest is yours.

Let me break it down for you.

If you register under AKTC, Lagos to uyo is N15,000.

N15,000 X 15 passengers = N225,000

Fuel (you'll need at least two tanks to get to uyo)
N170 per liter X 140liters two tanks a tank is 70liters = N23,000

Commission for the company you registered under is 10% per trip. 10% of N225,000 = N22,500.

Feeding and miscellaneous = N10,000

Total expenses = N225,000 - N23000 - N22,500 - N10,000 = N169,500.

So your profit per trip = 169,500

If you make at least 3 trips in a week, then you can do the mathematics and know how much money you'll be cashing out. And during season like Easter and Christmas, when transport fares usually skyrocket, you'll be making double of what you're making currently.

You can never make such money in a week with taxify or Uber or bolt.

CrazyMan:
I will advise you to go for interstate transportation. Uber, taxify, bolt...etc are all overcrowded with husslers. They're not as lucrative as they used to be in the past, no thanks to unemployment which has thrown basically almost all the youths into it. Meaning you have a hard time getting customers due to the availability of idle competitors around.

Interstate transportation is still very lucrative, most especially if you're driving long distances. Say like Lagos to the East, or Lagos to the south south, like PH, Uyo.

All you have to do is to buy a bus and register it as franchise under any reputatable existing transportation company and you're good to go. if you're driving it yourself which I will strongly recommend that you do, three trips in a week can fetch you over 400k. The only deductions in your money would be fuel, feeding and the commission you'll give to the company you're operating under, and the rest is yours.

Let me break it down for you.

If you register under AKTC, Lagos to uyo is N15,000.

N15,000 X 15 passengers = N225,000

Fuel (you'll need at least two tanks to get to uyo)
N170 per liter X 140liters two tanks a tank is 70liters = N23,000

Commission for the company you registered under is 10% per trip. 10% of N225,000 = N22,500.

Feeding and miscellaneous = N10,000

Total expenses = N225,000 - N23000 - N22,500- N10,000 = N169,500

So your profit per trip = 169,500.

If you make at least 3 trips in a week, then you can do the mathematics and know how much money you'll be cashing out. And during season like Easter and Christmas, transport fares will skyrocket, meaning you'll be making double of what you're making currently.

You can never make such money in a week with taxify or Uber or bolt.

Thanks so much for your input and analysis.

SoCurious:


Thanks so much for your input and analysis.

You're welcome

CrazyMan:
I will advise you to go for interstate transportation. Uber, taxify, bolt...etc are all overcrowded with husslers. They're not as lucrative as they used to be in the past, no thanks to unemployment which has thrown basically almost all the youths into it. Meaning you have a hard time getting customers due to the availability of idle competitors around.

Interstate transportation is still very lucrative, most especially if you're driving long distances. Say like Lagos to the East, or Lagos to the southern south, like PH, Uyo.

All you have to do is to buy a bus and register it as franchise under any reputatable existing transportation company and you're good to go. if you're driving it yourself which I will strongly recommend that you do, three trips in a week can fetch you over 400k. The only deductions in your money would be fuel, feeding and the commission you'll give to the company you're operating under, and the rest is yours.

Let me break it down for you.

If you register under AKTC, Lagos to uyo is N15,000.

N15,000 X 15 passengers = N225,000

Fuel (you'll need at least two tanks to get to uyo)
N170 per liter X 140liters two tanks a tank is 70liters = N23,000

Commission for the company you registered under is 10% per trip. 10% of N225,000 = N22,500.

Feeding and miscellaneous = N10,000

Total expenses = N225,000 - N23000 - N22,500 - N10,000 = N169,500.

So your profit per trip = 169,500

If you make at least 3 trips in a week, then you can do the mathematics and know how much money you'll be cashing out. And during season like Easter and Christmas, when transport fares usually skyrocket, you'll be making double of what you're making currently.

You can never make such money in a week with taxify or Uber or bolt.

this guy get brain like crazyman!

@crazyman
Thank you very much for d breakdown analysis, sounded like your response was directed to me. Im looking at buying a sienna for the same purpose...though i currently hav a corolla for personal use which i planned to divert to interstate use....can i still.register it under a company..

ultimatenath1:
@crazyman
Thank you very much for d breakdown analysis, sounded like your response was directed to me. Im looking at buying a sienna for the same purpose...though i currently hav a corolla for personal use which i planned to divert to interstate use....can i still.register it under a company..

All the transportation companies I know of that accept franchise all make use of buses not sienna, meaning you'll have to sell off the Corolla and add it to the money you're hoping to use for a Sienna and get a bus. Then you're good to go.

For the franchise, I will recommend peace mass transit because they ply almost all the route in Nigeria and have thousands of trusted and dedicated passengers, or AKTC (Akwa-Ibom Transportation Company) cos of the distance...the longer the distance, the higher the price.

And there's something I forget to mention in my previous posts, some companies will permit you one or maximum of two loadings per week (depending on availability of passengers on ground) because they'll want to load their own buses as well as other registered private owners (franchise) like you.

So if you've exhausted your weekly allocation of two loadings, and feel you can still cover up to 3-5 trips in the same week cos you need money, you'll have to bribe the company manager in the park you're loading and you'll be allowed to load even though you're not qualified to do so.

You should also note that bribes ranges from between 15-40k depending on the distance of the journey and the greediness of the manager.

Hmm crazy man your brain � the over work but can’t someone start with sienna if him no get money for bus?

ultimatenath1:
@crazyman
Thank you very much for d breakdown analysis, sounded like your response was directed to me. Im looking at buying a sienna for the same purpose...though i currently hav a corolla for personal use which i planned to divert to interstate use....can i still.register it under a company..

Don't try selling your corolla, it would be the worst decision you would make. You can also so interstate with your corolla and even make same money as those using sienna because of fuel consumption, whichever you do, bolt or interstate, stick with corolla.

Pls explain how can someone use Corolla for interstate transport thanks

ameristu:


Don't try selling your corolla, it would be the worst decision you would make. You can also so interstate with your corolla and even make same money as those using sienna because of fuel consumption, whichever you do, bolt or interstate, stick with corolla.

Pls explain more on how can someone use Corolla for interstate transport thanks

CrazyMan:

All the transportation companies I know of that accept franchise all make use of buses not sienna, meaning you'll have to sell off the Corolla and add it to the money you're hoping to use for a Sienna and get a bus. Then you're good to go.

For the franchise, I will recommend peace mass transit because they ply almost all the route in Nigeria and have thousands of trusted and dedicated passengers, or AKTC (Akwa-Ibom Transportation Company) cos of the distance...the longer the distance, the higher the price.

And there's something I forget to mention in my previous posts, some companies will permit you one or maximum of two loadings per week (depending on availability of passengers on ground) because they'll want to load their own buses as well as other registered private owners (franchise) like you.

So if you've exhausted your weekly allocation of two loadings, and feel you can still cover up to 3-5 trips in the same week cos you need money, you'll have to bribe the company manager in the park you're loading and you'll be allowed to load even though you're not qualified to do so.

You should also note that bribes ranges from between 15-40k depending on the distance of the journey and the greediness of the manager.

.
Pls can someone use Sennia for hustle pending when money comes for a bus?

Harrisoneze:

Pls explain more on how can someone use Corolla for interstate transport thanks

I won't explain but recommend you go to a motor park to do your findings since you are going to be the one picking passengers. Go to the motor park closest to you, the drivers are always very friendly and willing to help. Also keep in mind, don't sell your Corolla, it is the best car for transport, whether in state or inter state.

ameristu:


I won't explain but recommend you go to a motor park to do your findings since you are going to be the one picking passengers. Go to the motor park closest to you, the drivers are always very friendly and willing to help. Also keep in mind, don't sell your Corolla, it is the best car for transport, whether in state or inter state.

Ok �

I guess this is a presumption you never analyse the most important spending which is mentainance both health wise and that of the car

uthlaw:
this guy get brain like crazyman!

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