Hello everyone, a friend of mine was recently introduced to someone who is a dealer in NNPC. He said my friend should purchase a truck of about 10m or so and that he could be making 3m monthly and everything is under partnership with NNPC, they manage the truck for you and all that.

Now, my friend is planning to buy two trucks. Is anyone one in this kind of business here? How true is this information?

On this our Nigerian bad road....

Do your findings very well before investing on the business.

Joejonah:
Hello everyone, a friend of mine was recently introduced to someone who is a dealer in NNPC. He said my friend should purchase a truck of about 10m or so and that he could be making 3m monthly and everything is under partnership with NNPC, they manage the truck for you and all that.

Now, my friend is planning to buy two trucks. Is anyone one in this kind of business here? How true is this information?

Tell your friend not to waste his hard-earned money.

Joejonah:
Hello everyone, a friend of mine was recently introduced to someone who is a dealer in NNPC. He said my friend should purchase a truck of about 10m or so and that he could be making 3m monthly and everything is under partnership with NNPC, they manage the truck for you and all that.

Now, my friend is planning to buy two trucks. Is anyone one in this kind of business here? How true is this information?

the answer to your question is both True and False.

I am Into Transport management and I over see a large fleet. your success depends on the type of Driver you have and how knowledged you are about the truck and business.

3M monthly is overrated, you can make like 1M or more monthly from​ each truck


the partnership is probably between your friend and his friend not with NNPC (I can prove it)

your friend should not buy the truck from his friend. go to open market, survey and buy what you need. Transport business is risky but lucrative. don't forget to use at least third party insurance

Instead of truck,why not buses,and lease to transportation company.@ the end of every month,you are sure of ur cool cash.truck don get jobs everyday unlike the bus

HappyScent:
Instead of truck,why not buses,and lease to transportation company.@ the end of every month,you are sure of ur cool cash.truck don get jobs everyday unlike the bus

Seconded!

Buy a Coaster bus and use it for hire. Lucrative but not known to all.

Wish you luck.

markbenny:



the answer to your question is both True and False.

I am Into Transport management and I over see a large fleet. your success depends on the type of Driver you have and how knowledged you are about the truck and business.

3M monthly is overrated, you can make like 1M or more monthly from​ each truck


the partnership is probably between your friend and his friend not with NNPC (I can prove it)

your friend should not buy the truck from his friend. go to open market, survey and buy what you need. Transport business is risky but lucrative. don't forget to use at least third party insurance

This is quite helpful. Why did you say it's not in partnership with NNPC?

HappyScent:
Instead of truck,why not buses,and lease to transportation company.@ the end of every month,you are sure of ur cool cash.truck don get jobs everyday unlike the bus

Thanks for your contribution. I think that is also a good idea

N3million per month profit is very achievable in haulage, especially in the FMCG area. If you have little or no experience make use of a consultant who would take you through for at least a year. If you give it to friends or brothers to manage, don't blame operators in the industry as some who failed through this process usually do.
Suffice to say that Logistics business which includes haulage is arguably the third biggest business in the world behind oil and gas and real estate. it is capital intensive to set up but with a good management team with experience and technology which has come to reduce the risky nature of the business, you can break-even between six months to one year.

In the industry there are many bad managers who connive with drivers and mechanics to short change investors. Using a consultant is the way to go.
This person would set up the haulage business as well as plan operations profitably for you.

One mistake some investors make is to think that the business is an all comers affair. When you come in with this mindset to think that you can manage the truck and driver(s) yourself when you are not a serious practioner, then you will hear things like drivers are bad, transport business is very risky etc.

So if you have the money, you are patient, have a sound financial management skill, then you are good to go.

Remember just like the popular saying in business parlance, the higher the risk the higher the return.

please do you have any specific consultant in mind?

Rafad:
N3million per month profit is very achievable in haulage, especially in the FMCG area. If you have little or no experience make use of a consultant who would take you through for at least a year. If you give it to friends or brothers to manage, don't blame operators in the industry as some who failed through this process usually do.
Suffice to say that Logistics business which includes haulage is arguably the third biggest business in the world behind oil and gas and real estate. it is capital intensive to set up but with a good management team with experience and technology which has come to reduce the risky nature of the business, you can break-even between six months to one year.

In the industry there are many bad managers who connive with drivers and mechanics to short change investors. Using a consultant is the way to go.
This person would set up the haulage business as well as plan operations profitably for you.

One mistake some investors make is to think that the business is an all comers affair. When you come in with this mindset to think that you can manage the truck and driver(s) yourself when you are not a serious practioner, then you will hear things like drivers are bad, transport business is very risky etc.

So if you have the money, you are patient, have a sound financial management skill, then you are good to go.

Remember just like the popular saying in business parlance, the higher the risk the higher the return.

[color=#990000][/color]
We have brand new Trucks, Excavators, Cranes, Trailers, Tippers, Tankers and concrete pump for sale at affordable prices... Call 08084198004 or 07030481215

Johnikowyi:
please do you have any specific consultant in mind?

You can send your enquiry to shinjadi@gmail.com