Following

Following

Following

really interesting am addicted to dis guy

This guy won't stop being my mentor. Thanks Young and shinaf for exposing me to the world of mini-importation.
following you sir........................................

I put down all credentials!
Time to learn from the experienced

Nice one bro

Thanks Bro, please the main keke, is it still imported from China or India

Am here..

Ymodulus, God bless u bro. Am ardently following this thread, if u remember, I chatted u up about the napep business

.....! I just like this Boss!......

A Cheerful giver. Long live Ymodulus

Interesting

Can you please convert all these tutorial into a PDF for easy reference? thank!

[size=18pt] Inter- state Transportation Business[/size].



The transportation business is a very tricky one. One that is for the strong hearted. It's a cool business.

Sometime August, I went to Lagos. Then I drove all the way from Niger to Lagos State with 4 passengers ( Nysc Corpers ). On my way back from Lagos, I picked up 4 passengers. And collected N5000 * 4 = N20,000 each on both trips ( I.e going and coming )

The car was the Honda CrossTour. Though fun. But I nearly escaped death then, an accident around Bida with a Trailer. On getting to home, I began calculating. And deducting money for fuel.

I noticed that I spent around N7,000 to full the fuel tank. And I used 3 quarter fuel tank from Minna to Berger around the bridge close to Total filling station where you take a vehicle to Leventis area Ikeja. There is a Mr Biggs at that station.

Now Deducting N40,000 - N14,000 = N26,000 . That was my profit.
I thought to myself why can't I do this full. The truth is its very stressful to drive a car from Niger to Lagos or vice - versa. It's so soo stressful. I can go Abuja to ilorin or Osun that's okay but Lagos is so stressful.

Then I started making enquires, and I got to know about Sharon Vehicle. That would be my first time I knew the car name is Sharon, I thought the Sharon was just a design

Business in Details
I got the First Ford Sharon for 960K ( I was cheated ), even though technically I won't call it cheating because its business and all based on negotiation. I paid the person who drove it from Lagos to Niger N10,000. As at that time I don't know how to drive Manual Cars. Lol! ( I can drive that now ).

I didn't pay for Plate Number, I used a man I know during my political job in the state. He works with Frsc, before leaving. He arranged everything for me. And never collected a penny till date. He told me then he like when young people do something bla bla bla encouragement and old men talk. You should know old people and how the behave with advices like them alone have seen the world.


Cost Break Down

1 * Cotonu second Hand Ford = N770,000 - N850,000 ( Last time I got was around November, its around N770, 000)

1 * Plate number. Settlement and bribing inclusive for commercial plate number was N53,000 ( I did for a friend December last year )

All registration union and all are settled by drivers. ( I know nothing about how they pay )


Method of Remmitance

There are two methods
1. Daily Balance
2. Hire purchase


I don't do daily balance, as its unprofitable in the direction that the driver begins to tell you all manner of stories like,
* Telling you how Buhari was on the road and he seized the vehicle, so he couldn't work *
* How amaechi love the car and collected it *
* how vio pursued him and all those lies *

Hire Purchase: here you both agree a price which the driver should pay in installments after which the car becomes his.

On my own experience driver and I negotiated, He was to return N1.5m on a N970K investment car.


Mode of Business

1. He runs intra state ( Lagos - Abuja , Lagos - Kwara, Abuja - Kano )/

2. Cargo Business from Lagos - Abuja.


Cargo

For the cargo business, all I do is I contact most shipping companies that are to send goods for their customers down north. When they compile the Goods, which they do every Friday Saturday, I send my driver to go pick them and he begins to drop each goods from Ilorin , Minna , Abuja ( Final spot ).

Anytime I ask my driver to go pick cargo goods, for that day the arrangements of profit is 60% - 40% ( 60 for me and 40% for him). The cargo business, there is much money than even transportation.

For example:
* if a passenger is to pay for a seat from Lagos to Abuja he will pay N5,550 as at then.
*However if I am to collect 10 Phones and place on a seat. I will collect N1000 * 10 = N10,000.

Do you get it? I love doing cargo than running transport.


Improvements on Cargo Business
* I later met with SOJ Cargo in minna, they don't send goods on Saturday and Sunday. I was now the one helping them to do so but at discounted price.

* I helped two boutique Big boutiques in Minna there to move their goods from Lagos to Minna. These guys goes to Togo to buy Nice Prada Shoes and slippers and clothes. So when they do, the oga calls me on charter basis and my driver goes picks them.

Transport Service
* Basically the normal Transport you all know. Its nice but I didn't get much returns from this like from cargo.
Recall when ever I do cargo that day is cancelled and my driver and I share profit strictly.


Issues
* Many complained that I was giving the driver so much freedom and it will hit me back. I was scared but I was successful. It never had a side effect.
* At one point in time , I had to do wheel balancing and alignment of the vehicle. I never wanted to spend money but had to as it broke down around Ogbonoso area.
* I have to shout on driver several times to always wash the vehicle.


Status of Business today
He completed the money, and vehicle now his.BFunny thing I got the vehicle and never drove it , till it became his. As I never knew how to drive a manual car as at then.



Wil I go back to this Business
I just did, recently. I went to fix money at a bank and the interest was nothing to write. Home about, I left.

I always wish I have patience for Treasury Bills. But na them seun get time to do that biz. I like sharp bizness sharp Money.

.....! Wow !......

Wiw

GOD help me dis year, I want to engage in cassava farming.

This thread is a Candidate for the Most Valuable Post on Nairaland in Year 2016. Amazing write-up!

Nice one bro. Pple wud spend all their time online Reading gossips smh

Ymodulus:

* I told the officials that a flash drive will cost 1000 per piecewe negotiated to around 900 and something I can't recall. However on the receipt I signed that eache flash drive were N1300 / Piece

* We budgeted for 16Gig, the person who gave me the contract ask me to mix 16Gig with 4 Gig and we cut the other money. I had no choice. I even went ahead to make 16Gig only 20Pieces and mix 8 Gig and 4Gig all together.

* I told them Samsung chip glad drive better than Toshiba and expensive than Toshiba by N40Naira. I was paid for Samsung.
But I imported Toshiba and ate the N40 naira each. There was no way of verifying. Don't blame me. Blame the assistant who granted me the Job.

I admire your business ideas, but I honestly didn't like this. I'd like to get in touch with you though to discuss.

Nice one.

Very nice and encouraging.
But at times dont you feel overwhelmed ?
I am not saying one must be, but I am just curious because it seems the more the
business ventures the more your attention is divided.

I think I like the Ford Cargo Business.
Another one that interests me is the exportation of Palm Oil/Palm Kernel Oil

Interesting thread. I enjoy mostly how different businesses were dipped in and out of in just one year. Keep doing this and you can become a business consultant in just 9 - 10 years of experience.

Ymodulus:
Last year, 2015 , is a year I won't forget too soon. It's one I in which I took the bold step to leave the importation business into other areas.

I would have loved to share my experience in full ( I.e 1 business per thread ), but won't be doing so as am getting lazy.

However I have decided to give a brief straight to the point summary of all Businesses I ran last year, my strong points and weak points.

I will try my best to ensure, each summary can be of help those intending to go into this business.

OK. Now let's go

For the yam business, what were the challenges you experienced transporting them to Lagos, especially at checkpoints?

Thank you.

Also, am interested in that mai chai, koko, kose business too. But might be difficult for me to run them since am based in Lag..

I always enjoy u guy. Keep it up Ymodulus

francizy:



For the yam business, what were the challenges you experienced transporting them to Lagos, especially at checkpoints?

Thank you.

no challenge bof suchm

Truck drivers do the transporting.

Ymodulus:
no challenge bof suchm

Truck drivers do the transporting.

Am also interested in the mai chai, kose, and koko biz you mentioned but since am based in Lagos, how can I run such in the north?

Ymodulus:
[size=18pt]Keke Napep Business[/size]

The first Business I did for the year 2015 was the keke Napep Business.

How I got into this Business

I had this conversation with a keke driver who was complaining that day bitterly of how the union seized his bike and collected N2,000 from him. He accepted he was at fault. Later he was caught again. I know the officer who caught him due to my job as a reporter in one of Nigeria's leading newspapers. I knew some force officers as I interviewed them in some case.

Discussion led to discussion and we started discussing about the keke napep business. He told me all there was to it l. I then replied him that I needed a driver he said he can get one for me.

I got the first Keke Napep from someone closed and hired the same man as my driver. How the business goes.

The Keke Business Proper
This business is an interesting one I must confess. However to go into it there are 3 principles which must be settled.

1. Location
2. Method of Remmitance
3. New or second Hand Keke


1. New or second Hand Keke. Which is best ?
I will advice you that if you want to go into the keke Napep business please get second Hand Keke Napeps not New one. Believe me it's best to buy something new good. But getting a good second Hand Keke Napeps is around 110 - 140k and the person will pay you double.

In Lagos you can easily make your money in 2 months 1week ( exact time frame my friend used to get hers back ).

There are good keke Napeps second hands.
Once more go for good second hand and not new ones. Many may decieve you that new are best, yes they are good am not disputing this. But me and you need sharp good fast money then second hand is the way.


2. Method of Remittance
The period of complete returns on a keke depends on two things :
1. the status of the Keke at time of purchase ( I.e New or second hand )
2. Does your driver work on Saturdays and Sundays ? ( Some people set any return from those days mostly Sunday as maintenance money. Some don't )
3. Agreed fee of return by driver.

There are generally two ways of paying a keke Driver.
1. Hire purchase
2. Daily Balance

I believe the two need no explanation just little extra tips.
I will never advice you to give your keke napep based on returns of Daily Balance. It's a No no. So help you whatever you believe in.

In transportation business drivers can be A pain in the house, don't even trust your brother and Lagos for that reason my brother you have to be wary.
Hire purchase is the best. In the North , Higher Purchase is what is mostly done and in the South East mostly daily Balance.

Daily return vary according to
1. Your state or Location
2. Status of Keke Napepe ( new or old )

In Niger , Katsina for example daily returns are N2000 and N3000 respectively for a new keke napep. And for second hand it is based on negotiation. But in Niger it is roughly N1500-1700/1800.

Note all the price can be subject to negotiation. However am giving you standard normal price.

In Lagos it is N4000 - N4500 ( for those plying Computer Village route ).
Note don't let anyone decieve you for the poster know what he his saying.

Now on the amount to return. There are two ways of paying back Hire Purchase.

1. Negotiated ( you and driver agrees that you bought keke marwa for say N400 and he will pay N700 )
2. Standard ( pay x2 the price. Takes place mostly in North and for second hand marwa ).


Note: payment on hire purchase is all based on negotiations.


3. Brand of Keke Napep to Buy
I can only speak for Kaduna, Kano, Kastina and Niger. TVS keke Napep is the best type, the parts are readily available and cheap. Also cost efficient.

4. Import a New Keke or Buy Here in Nigeria

If you have the know how to import, I will advice you import keke Napeps. Keke napeps are produced in India. But you can get from china wholesalers wholesalers.

Keke Napeps spare parts are produced by Chinese and are more cheaper. Most importers import the spare part from china. In fact All keke spare parts are Chinese, Chinese sell the clone cheap better than India.

22Keke Napep will make 1 20ft Container. It cost approximately 98k to bring in on the average per one ( tax and government expenses + custom clearance + cost of getting form m and all).

Note: there are cheaper ways to bring in keke napep far way cheaper than what Nigerian wholesalers sell.

I can show you ways to bring in keke napeps at flat rate of 35k per piece. It's possible. Everything is legal.

The keke business is a sweet business if you know your way and I advice students to run this type of business.

Below is a second hand keke Napep I got some time back.


www.nairaland.com/attachments/2856999_img20150914160740_jpegbe925ea15476351e01868bfe12064ff1


5. Cost of New Keke Napep
1. TVS ( N420,000 ) ** I imported this myself 11pcs but I got it way cheaper and sold back at N375k there around . if you know custom you know your way **
2. Michindra (435,000) as at Last Month November

Note! The above price is obtainable in Niger, Kaduna Kano wholesalers.

In Lagos, TVS is now 440K, Azubike Tricycles ( he sight dollar rate as reason for hike.)



5. Cost of Second Hand Keke Napep
You can get good grade 1 brand at N140,000 or N150,000.
But the general rate is N110-150,000 ( For good ones in good conditions ).




Thanks
Ymodulus

I
God bless u

Come op,Jack of all trades
Na only you waka come

wow...this is informative