| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Olesekeniwoye(m): 7:50am On Feb 25, 2018 |
50k weekly
T&C applies. .
Not all that glitters is gold.
Carry your cross 5 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Daveonoja: 8:18am On Feb 25, 2018 |
ameristu:
Bro the number of times we you pass toll gate means you don work die. In one week you passed the toll 32 times. That is a lot of times bro. This is hard work and not part time work oooooo bros... u shld know na toll includes airport...mall...toll gate etc...if u no day average 5- 6 toll daily I no know were u come day position ooo. May be egbeda...ipaja...ayobo...abule Egba...ikotun etc   |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by bily(m): 8:25am On Feb 25, 2018 |
. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by streetsoldier1(m): 8:32am On Feb 25, 2018 |
oluwaseunla:
I advice you stick to quartz 5000 in that instance sir. Any special reason for that? Since quartz 5000 isn't the recommended oil |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 8:42am On Feb 25, 2018 |
GAZZUZZ:
The ripple effect of how a fleet manager goes bankrupt.
In January my self and Carshopper we were shouting the narrative. This is last week of February and we are yet to release the album
the narrative is a model of fleet management business, managing investments for potential clients, and in return making a decent profit.
Why are we yet to go public? We are still on test phase.
test phase 1. Drive your self and see what is obtainable under all possible conditions. My self and Carshopper have crossed that bridge personally.
Phase 2. Give out a controlled number of vehicles (personal vehicles) to Drivers @ different rates to see how they manage returns. We are currently collecting data.
Phase 3. Manage those vehicles (toks, Nigerian used, and brand new) maintenance on different management plans and see how drivers and partners cope in relation with cost of repairs and down time. still collecting data.
Phase 4. collation of data of profits made on each vehicle, VS maintenance costs. Still collecting data.
There are still other information/s still being gathered, but to keep this writeup as short as possible, let's stick with this 4.
E-hailing business is profitable, it comes with its headaches (a lot of headaches) but long term there is a bright light at the end of the tunnel.
From our preliminary findings from ongoing research work, certain vehicles are not suitable for this kind of business.
Vehicles with sensitive electrical systems and large engines are a NO-NO.
Out of over 10 test vehicles with varying engine sizes, models and makes, we have been able to spot the black sheep among them.
How does a fleet manager get into problems with investors? First problem is not having a capital base to work from. Let's start with a simple example, very easy to understand.
10 vehicles, 1.8liter engines, given to 10drivers to deliver 35k to fleet manager and fleet manager delivers 30k to owners. Fleet managers profit on 10 vehicles is 50,000 a week (decent pay if you factor in running costs and risks involved) pay outs 300,000 a week to 10 investors. Now by Tuesday which is every ones payday, 2 drivers are yet to come up with their weekly remittance, sighting issues like (I was not feeling fine, I was robbed, snake and monkey ran away with my money etc..) By Wednesday which is payday for investor fleet manager has to giveup his 50k management fee and search for 20k extra from his pocket to add to the investors money if not 1 investor will have issues on Wednesdays pay out.
What do you do to the defaulting driver? Let's assume he comes with 20k and starts to promise payment of the balance as he works, do you fire driver? Or keep driver on the fleet? Some times the claims are genuine and you can see from drivers dashboard that he made the money, and he has been honest in past dealings. So drivers target is increased from 35k to 50k by tuesday.
While 2 drivers are working on paying the extra money, 2 others are defaulting.
I once overheard the discussion between a fleet manager and a driver, the fleet manager asked the driver for the old balance of 6k from a few weeks ago, drivers response was hilarious, he said, sir if you fail 1 course for year 1, you fit carry the course to final year
now example above is for drivers on rental.
Next drivers on 120k and above targets (shared ratio)
You place a driver on a target of over 120k, first week he will try to impress you (James bond) by 2nd and 3rd 4th week he will realise he is not a machine, and ask him self if he wants to die. Most time drivers on such plans are aggressive and always in a hurry, they make poor decisions, and sleep off on the wheels due to long work hours. This plan is not sustainable, and drivers end up defaulting, and dropping keys, looking for easier plans.
From these examples you will notice Fleet manager will have issues with investors, based on a human angle, if not managed well.
next vehicle down time.
A fleet manager once made a statement on this thread, IT went something like this. Buy peugeot 407 and it will be upgraded and refurbished, and I will give you a 6month guarantee on maintenance.
note I am not here to bring down any one, but that statement is untrue and not possible. Vehicles, (brand new, toks, Nigerian used) are machines. On newer machines, you will have fewer issues, on older more sensitive cars, you will have more issues.
no vehicle is immune to the effects of contaminated fuel, or open manholes on the highway, or obstructions like large boulders placed on the road. The chances of breakdown of a vehicle are significantly increased at night, when visibility is poor, driver is tired, to make it worse if driver is a science student.
Drivers make significantly more money at dark hours (5:30am -6:30am) (7am - day break on weekends).
Most issues vehicles face are airconditioning, and suspension related. These cars cover an average of 1000km a week. The distance between lagos and jos by road is about same distance. Without a strong Technical knowledge or backup, fleetmanager will be fleeced by technicians and vehicle downtime will increase, investors confidence will reduce and vehicle might be retrieved from manager.
being a street boi that knows the inside and outside of ladipo market does not make you a mechanic, you are at the mercy of the technicians there.
vehicle weight VS suspension issues.
One of the reasons the corrola is a success is due to its weight. Suspension issues are less on a lighter car, smaller cars with sturdy sturdy suspension are a great mix.
Before I loose focus, Iet me get back to how fleet managers Go bankrupt.
I talked about driver remittance failure, I talked about vehicle downtime. now let me come to a close by discussing Agreements and management of investors funds.
When trust is built, investors are willing to give you money to buy vehicles, fix them and put them on the road, but investors are not foolish, they did this so they can get returns on their investments. Most markets are not stable, they have their high and low times, in December someone posted earnings of over 230k in a week, but of recent every one is shy to post earnings why? Earnings have dropped. same thing with crude oil. Agreements should be made flexible for both manager and investor, so that when there is a boom, there will be room for a renegotiation of terms, and when there is a fall terms can also be re-negociated, ultimate aim is sustainability.
When an investor gives manager money to purchase a vehicle, fix and put on the road, it is not because investor does not know the way to the market, it is because he trusts that the manager has been through same investment decisions, and made the right choices in the past which resulted in profit. It is expected that since you bought it, and fixed it. I should not hear any stories for a certain time frame.
in a situation where manager went into an agreement with a client to purchase refurbish and deliver with a guarantee of a certain Timeline, manager gets into a lot of problems. the gains/ profits manager thought he got from purchase and refurbishing will easily slip into maintenance costs within a short time, especially when a wrong unreliable brand is selected. And after a very short while he begins to rob peter to pay paul so he can save face.
Understanding the dynamics of business and contractual agreements is key, a strong background in vehicle repairs plus a partnership with more than one standard workshop is an added advantage.
A strong financial buffer is also very necessary, do not start fleet management with forecasts of weekly driver remittance to pay investors, it will fail, because there will always be 1 or more stories, pay investors from your investment capital, as I told my partner, you bring 1m, I bring 1 m before we start this business, if it succeeds we will see it clearly, if it does not, worst case scenario we lost our investment and kept a good name, we return the vehicles before we get indebted.
finally please do not buy a car with poor 2nd hand value. Consider the vehicle as an asset that can be liquidated. Cheap car plus repairs does not equal significant increase in resale price, you are still stuck with a cheap car.
Sorry for the long uncoordinated writeup, just wanted you to understand what most managers go through.
gazzuzz
08033910382
Well constructed ... all points very valid and consistent with fleet management. The truth remains NO car is PERFECT for e-hailing bizness in Nigeria, but we have Cars that their downtimes in terms of repairs n maintenance if managed effectively will always bring back your returns. While trying to change the narrative, we have experimented with our own investments and to be honest downtimes will always happen, what fleet managers do when that happens brings out the skills of managing / management. We have tested with 3 variants - honda city, kia rio and the lion 407 We have come to agree that the lion, though a strong brand remains the most sensitive in the fleet. Driver management is another big big issue. They will claim biz dry and they are working ... oh yes u have tracker na, does your tracker monitor income too Investors trust is very important, never tell the investor what you can't do, always sell what can be achieved, giving the investors ways u tend to achieve it ... get your blue plan planned well I thank people who have asked about the changing the narrative, Omo e no easy ..but we are still on it 4 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by streetsoldier1(m): 8:53am On Feb 25, 2018 |
GAZZUZZ:
The ripple effect of how a fleet manager goes bankrupt.
In January my self and Carshopper we were shouting the narrative. This is last week of February and we are yet to release the album
the narrative is a model of fleet management business, managing investments for potential clients, and in return making a decent profit.
Why are we yet to go public? We are still on test phase.
test phase 1. Drive your self and see what is obtainable under all possible conditions. My self and Carshopper have crossed that bridge personally.
Phase 2. Give out a controlled number of vehicles (personal vehicles) to Drivers @ different rates to see how they manage returns. We are currently collecting data.
Phase 3. Manage those vehicles (toks, Nigerian used, and brand new) maintenance on different management plans and see how drivers and partners cope in relation with cost of repairs and down time. still collecting data.
Phase 4. collation of data of profits made on each vehicle, VS maintenance costs. Still collecting data.
There are still other information/s still being gathered, but to keep this writeup as short as possible, let's stick with this 4.
E-hailing business is profitable, it comes with its headaches (a lot of headaches) but long term there is a bright light at the end of the tunnel.
From our preliminary findings from ongoing research work, certain vehicles are not suitable for this kind of business.
Vehicles with sensitive electrical systems and large engines are a NO-NO.
Out of over 10 test vehicles with varying engine sizes, models and makes, we have been able to spot the black sheep among them.
How does a fleet manager get into problems with investors? First problem is not having a capital base to work from. Let's start with a simple example, very easy to understand.
10 vehicles, 1.8liter engines, given to 10drivers to deliver 35k to fleet manager and fleet manager delivers 30k to owners. Fleet managers profit on 10 vehicles is 50,000 a week (decent pay if you factor in running costs and risks involved) pay outs 300,000 a week to 10 investors. Now by Tuesday which is every ones payday, 2 drivers are yet to come up with their weekly remittance, sighting issues like (I was not feeling fine, I was robbed, snake and monkey ran away with my money etc..) By Wednesday which is payday for investor fleet manager has to giveup his 50k management fee and search for 20k extra from his pocket to add to the investors money if not 1 investor will have issues on Wednesdays pay out.
What do you do to the defaulting driver? Let's assume he comes with 20k and starts to promise payment of the balance as he works, do you fire driver? Or keep driver on the fleet? Some times the claims are genuine and you can see from drivers dashboard that he made the money, and he has been honest in past dealings. So drivers target is increased from 35k to 50k by tuesday.
While 2 drivers are working on paying the extra money, 2 others are defaulting.
I once overheard the discussion between a fleet manager and a driver, the fleet manager asked the driver for the old balance of 6k from a few weeks ago, drivers response was hilarious, he said, sir if you fail 1 course for year 1, you fit carry the course to final year
now example above is for drivers on rental.
Next drivers on 120k and above targets (shared ratio)
You place a driver on a target of over 120k, first week he will try to impress you (James bond) by 2nd and 3rd 4th week he will realise he is not a machine, and ask him self if he wants to die. Most time drivers on such plans are aggressive and always in a hurry, they make poor decisions, and sleep off on the wheels due to long work hours. This plan is not sustainable, and drivers end up defaulting, and dropping keys, looking for easier plans.
From these examples you will notice Fleet manager will have issues with investors, based on a human angle, if not managed well.
next vehicle down time.
A fleet manager once made a statement on this thread, IT went something like this. Buy peugeot 407 and it will be upgraded and refurbished, and I will give you a 6month guarantee on maintenance.
note I am not here to bring down any one, but that statement is untrue and not possible. Vehicles, (brand new, toks, Nigerian used) are machines. On newer machines, you will have fewer issues, on older more sensitive cars, you will have more issues.
no vehicle is immune to the effects of contaminated fuel, or open manholes on the highway, or obstructions like large boulders placed on the road. The chances of breakdown of a vehicle are significantly increased at night, when visibility is poor, driver is tired, to make it worse if driver is a science student.
Drivers make significantly more money at dark hours (5:30am -6:30am) (7am - day break on weekends).
Most issues vehicles face are airconditioning, and suspension related. These cars cover an average of 1000km a week. The distance between lagos and jos by road is about same distance. Without a strong Technical knowledge or backup, fleetmanager will be fleeced by technicians and vehicle downtime will increase, investors confidence will reduce and vehicle might be retrieved from manager.
being a street boi that knows the inside and outside of ladipo market does not make you a mechanic, you are at the mercy of the technicians there.
vehicle weight VS suspension issues.
One of the reasons the corrola is a success is due to its weight. Suspension issues are less on a lighter car, smaller cars with sturdy sturdy suspension are a great mix.
Before I loose focus, Iet me get back to how fleet managers Go bankrupt.
I talked about driver remittance failure, I talked about vehicle downtime. now let me come to a close by discussing Agreements and management of investors funds.
When trust is built, investors are willing to give you money to buy vehicles, fix them and put them on the road, but investors are not foolish, they did this so they can get returns on their investments. Most markets are not stable, they have their high and low times, in December someone posted earnings of over 230k in a week, but of recent every one is shy to post earnings why? Earnings have dropped. same thing with crude oil. Agreements should be made flexible for both manager and investor, so that when there is a boom, there will be room for a renegotiation of terms, and when there is a fall terms can also be re-negociated, ultimate aim is sustainability.
When an investor gives manager money to purchase a vehicle, fix and put on the road, it is not because investor does not know the way to the market, it is because he trusts that the manager has been through same investment decisions, and made the right choices in the past which resulted in profit. It is expected that since you bought it, and fixed it. I should not hear any stories for a certain time frame.
in a situation where manager went into an agreement with a client to purchase refurbish and deliver with a guarantee of a certain Timeline, manager gets into a lot of problems. the gains/ profits manager thought he got from purchase and refurbishing will easily slip into maintenance costs within a short time, especially when a wrong unreliable brand is selected. And after a very short while he begins to rob peter to pay paul so he can save face.
Understanding the dynamics of business and contractual agreements is key, a strong background in vehicle repairs plus a partnership with more than one standard workshop is an added advantage.
A strong financial buffer is also very necessary, do not start fleet management with forecasts of weekly driver remittance to pay investors, it will fail, because there will always be 1 or more stories, pay investors from your investment capital, as I told my partner, you bring 1m, I bring 1 m before we start this business, if it succeeds we will see it clearly, if it does not, worst case scenario we lost our investment and kept a good name, we return the vehicles before we get indebted.
finally please do not buy a car with poor 2nd hand value. Consider the vehicle as an asset that can be liquidated. Cheap car plus repairs does not equal significant increase in resale price, you are still stuck with a cheap car.
Sorry for the long uncoordinated writeup, just wanted you to understand what most managers go through.
gazzuzz
08033910382
Chai....this man is matured and wise, intact I owe you 3 bottles of Guinness stout....
|
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Olesekeniwoye(m): 9:31am On Feb 25, 2018 |
Empty barrels, make the loudest noise- Robert Mugabe, 1977' 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by mrsage(m): 9:57am On Feb 25, 2018 |
Ifeanyimark:
Were paper signed, is there proof u gave them d money? If yes, visit d nearest sars offixe This is not the job of SARS |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by alstarmayo(m): 10:23am On Feb 25, 2018 |
2 trips for 75k, weldone sir, using Uber boost to your advantage. if you know you know Daveonoja:
I average 10hrs daily online. most days starts 5am - 8:30 or 9am then offline ...online from 4pm to Max 11am on a week days, Friday all-night. Break. Go back online saturday evenings - Sunday morning....break...back online from 2-6pm my Sunday ends 6pm...gotta rest for Monday ish mehn.....I don't just talk the talk bro I walk the walk...ain't nothing no driver gonna tell about this biz...if u ever get to know me u wld know what am about... if to say na private firm I day work I for don resign...but FG....naaaa 1 Like |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Emekayoung(m): 10:24am On Feb 25, 2018 |
slamstanlee:
police will ask me: are you uber/taxify
Me:. No, i am just taking my neighbor out. That is if the neighbour no sit down for back seat.. 1 Like |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by oluwaseunla(m): 10:35am On Feb 25, 2018 |
streetsoldier1:
Any special reason for that? Since quartz 5000 isn't the recommended oil My worry is all things are no longer equal with the vehicle. Vehicle bought used, probably abused in the north. Now it has been on quartz 5000 since it got to Lagos, it's very possible that you will have engine oil short issues if you switch to quartz 9000. You may try if you are so inclined, but if you do, monitor oil levels carefully. You may get lucky, but if you are not, you can revert back. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Nobody: 10:38am On Feb 25, 2018 |
GAZZUZZ:
The ripple effect of how a fleet manager goes bankrupt.
In January my self and Carshopper we were shouting the narrative. This is last week of February and we are yet to release the album
the narrative is a model of fleet management business, managing investments for potential clients, and in return making a decent profit.
Why are we yet to go public? We are still on test phase.
test phase 1. Drive your self and see what is obtainable under all possible conditions. My self and Carshopper have crossed that bridge personally.
Phase 2. Give out a controlled number of vehicles (personal vehicles) to Drivers @ different rates to see how they manage returns. We are currently collecting data.
Phase 3. Manage those vehicles (toks, Nigerian used, and brand new) maintenance on different management plans and see how drivers and partners cope in relation with cost of repairs and down time. still collecting data.
Phase 4. collation of data of profits made on each vehicle, VS maintenance costs. Still collecting data.
There are still other information/s still being gathered, but to keep this writeup as short as possible, let's stick with this 4.
E-hailing business is profitable, it comes with its headaches (a lot of headaches) but long term there is a bright light at the end of the tunnel.
From our preliminary findings from ongoing research work, certain vehicles are not suitable for this kind of business.
Vehicles with sensitive electrical systems and large engines are a NO-NO.
Out of over 10 test vehicles with varying engine sizes, models and makes, we have been able to spot the black sheep among them.
How does a fleet manager get into problems with investors? First problem is not having a capital base to work from. Let's start with a simple example, very easy to understand.
10 vehicles, 1.8liter engines, given to 10drivers to deliver 35k to fleet manager and fleet manager delivers 30k to owners. Fleet managers profit on 10 vehicles is 50,000 a week (decent pay if you factor in running costs and risks involved) pay outs 300,000 a week to 10 investors. Now by Tuesday which is every ones payday, 2 drivers are yet to come up with their weekly remittance, sighting issues like (I was not feeling fine, I was robbed, snake and monkey ran away with my money etc..) By Wednesday which is payday for investor fleet manager has to giveup his 50k management fee and search for 20k extra from his pocket to add to the investors money if not 1 investor will have issues on Wednesdays pay out.
What do you do to the defaulting driver? Let's assume he comes with 20k and starts to promise payment of the balance as he works, do you fire driver? Or keep driver on the fleet? Some times the claims are genuine and you can see from drivers dashboard that he made the money, and he has been honest in past dealings. So drivers target is increased from 35k to 50k by tuesday.
While 2 drivers are working on paying the extra money, 2 others are defaulting.
I once overheard the discussion between a fleet manager and a driver, the fleet manager asked the driver for the old balance of 6k from a few weeks ago, drivers response was hilarious, he said, sir if you fail 1 course for year 1, you fit carry the course to final year
now example above is for drivers on rental.
Next drivers on 120k and above targets (shared ratio)
You place a driver on a target of over 120k, first week he will try to impress you (James bond) by 2nd and 3rd 4th week he will realise he is not a machine, and ask him self if he wants to die. Most time drivers on such plans are aggressive and always in a hurry, they make poor decisions, and sleep off on the wheels due to long work hours. This plan is not sustainable, and drivers end up defaulting, and dropping keys, looking for easier plans.
From these examples you will notice Fleet manager will have issues with investors, based on a human angle, if not managed well.
next vehicle down time.
A fleet manager once made a statement on this thread, IT went something like this. Buy peugeot 407 and it will be upgraded and refurbished, and I will give you a 6month guarantee on maintenance.
note I am not here to bring down any one, but that statement is untrue and not possible. Vehicles, (brand new, toks, Nigerian used) are machines. On newer machines, you will have fewer issues, on older more sensitive cars, you will have more issues.
no vehicle is immune to the effects of contaminated fuel, or open manholes on the highway, or obstructions like large boulders placed on the road. The chances of breakdown of a vehicle are significantly increased at night, when visibility is poor, driver is tired, to make it worse if driver is a science student.
Drivers make significantly more money at dark hours (5:30am -6:30am) (7am - day break on weekends).
Most issues vehicles face are airconditioning, and suspension related. These cars cover an average of 1000km a week. The distance between lagos and jos by road is about same distance. Without a strong Technical knowledge or backup, fleetmanager will be fleeced by technicians and vehicle downtime will increase, investors confidence will reduce and vehicle might be retrieved from manager.
being a street boi that knows the inside and outside of ladipo market does not make you a mechanic, you are at the mercy of the technicians there.
vehicle weight VS suspension issues.
One of the reasons the corrola is a success is due to its weight. Suspension issues are less on a lighter car, smaller cars with sturdy sturdy suspension are a great mix.
Before I loose focus, Iet me get back to how fleet managers Go bankrupt.
I talked about driver remittance failure, I talked about vehicle downtime. now let me come to a close by discussing Agreements and management of investors funds.
When trust is built, investors are willing to give you money to buy vehicles, fix them and put them on the road, but investors are not foolish, they did this so they can get returns on their investments. Most markets are not stable, they have their high and low times, in December someone posted earnings of over 230k in a week, but of recent every one is shy to post earnings why? Earnings have dropped. same thing with crude oil. Agreements should be made flexible for both manager and investor, so that when there is a boom, there will be room for a renegotiation of terms, and when there is a fall terms can also be re-negociated, ultimate aim is sustainability.
When an investor gives manager money to purchase a vehicle, fix and put on the road, it is not because investor does not know the way to the market, it is because he trusts that the manager has been through same investment decisions, and made the right choices in the past which resulted in profit. It is expected that since you bought it, and fixed it. I should not hear any stories for a certain time frame.
in a situation where manager went into an agreement with a client to purchase refurbish and deliver with a guarantee of a certain Timeline, manager gets into a lot of problems. the gains/ profits manager thought he got from purchase and refurbishing will easily slip into maintenance costs within a short time, especially when a wrong unreliable brand is selected. And after a very short while he begins to rob peter to pay paul so he can save face.
Understanding the dynamics of business and contractual agreements is key, a strong background in vehicle repairs plus a partnership with more than one standard workshop is an added advantage.
A strong financial buffer is also very necessary, do not start fleet management with forecasts of weekly driver remittance to pay investors, it will fail, because there will always be 1 or more stories, pay investors from your investment capital, as I told my partner, you bring 1m, I bring 1 m before we start this business, if it succeeds we will see it clearly, if it does not, worst case scenario we lost our investment and kept a good name, we return the vehicles before we get indebted.
finally please do not buy a car with poor 2nd hand value. Consider the vehicle as an asset that can be liquidated. Cheap car plus repairs does not equal significant increase in resale price, you are still stuck with a cheap car.
Sorry for the long uncoordinated writeup, just wanted you to understand what most managers go through.
gazzuzz
08033910382
Spot on  |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by sholarb(m): 10:50am On Feb 25, 2018 |
Carshopper:
Well constructed ... all points very valid and consistent with fleet management.
The truth remains NO car is PERFECT for e-hailing bizness in Nigeria, but we have Cars that their downtimes in terms of repairs n maintenance if managed effectively will always bring back your returns.
While trying to change the narrative, we have experimented with our own investments and to be honest downtimes will always happen, what fleet managers do when that happens brings out the skills of managing / management.
We have tested with 3 variants - honda city, kia rio and the lion 407
We have come to agree that the lion, though a strong brand remains the most sensitive in the fleet.
Driver management is another big big issue. They will claim biz dry and they are working ... oh yes u have tracker na, does your tracker monitor income too
Investors trust is very important, never tell the investor what you can't do, always sell what can be achieved, giving the investors ways u tend to achieve it ... get your blue plan planned well
I thank people who have asked about the changing the narrative, Omo e no easy ..but we are still on it
I like the fact that u guys are carrying out feasibility study. Another area u guys need to look into is how to scale out and handle growth when u kick off. Do you want to start with a few x amount of cars and gradually scale out or go big bang?? The more cars you have in your fleet the more difficult management gets. This is a reason companies fail, simply because they failed to plan ahead thereby biting more than they can chew. I am sure a lot of people are waiting for this to kick off because Gazzuzz is involved My 2cents as a potential investor! 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Olesekeniwoye(m): 11:09am On Feb 25, 2018 |
Wch kind rider be this na  
|
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 11:11am On Feb 25, 2018 |
sholarb:
I like the fact that u guys are carrying out feasibility study. Another area u guys need to look into is how to scale out and handle growth when u kick off[b]. Do you want to start with a few x amount of cars and gradually scale out or go big bang??
[/b]
The more cars you have in your fleet the more difficult management gets. This is a reason companies fail, simply because they failed to plan ahead thereby biting more than they can chew. I am sure a lot of people are waiting for this to kick off because Gazzuzz is involved
My 2cents as a potential investor! We do have a plan as to Number of cars per contract tenure  And we do have a plan to earn Driver loyalty which brings the best drivers in to management as they drive. That way we build together |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Stealth100: 11:14am On Feb 25, 2018 |
Olesekeniwoye:
Wch kind rider be this na Don't just sit, drive in circles within the area. 4 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by iyaegin: 11:16am On Feb 25, 2018 |
GAZZUZZ:
The ripple effect of how a fleet manager goes bankrupt.
In January my self and Carshopper we were shouting the narrative. This is last week of February and we are yet to release the album
the narrative is a model of fleet management business, managing investments for potential clients, and in return making a decent profit.
Why are we yet to go public? We are still on test phase.
test phase 1. Drive your self and see what is obtainable under all possible conditions. My self and Carshopper have crossed that bridge personally.
Phase 2. Give out a controlled number of vehicles (personal vehicles) to Drivers @ different rates to see how they manage returns. We are currently collecting data.
Phase 3. Manage those vehicles (toks, Nigerian used, and brand new) maintenance on different management plans and see how drivers and partners cope in relation with cost of repairs and down time. still collecting data.
Phase 4. collation of data of profits made on each vehicle, VS maintenance costs. Still collecting data.
There are still other information/s still being gathered, but to keep this writeup as short as possible, let's stick with this 4.
E-hailing business is profitable, it comes with its headaches (a lot of headaches) but long term there is a bright light at the end of the tunnel.
From our preliminary findings from ongoing research work, certain vehicles are not suitable for this kind of business.
Vehicles with sensitive electrical systems and large engines are a NO-NO.
Out of over 10 test vehicles with varying engine sizes, models and makes, we have been able to spot the black sheep among them.
How does a fleet manager get into problems with investors? First problem is not having a capital base to work from. Let's start with a simple example, very easy to understand.
10 vehicles, 1.8liter engines, given to 10drivers to deliver 35k to fleet manager and fleet manager delivers 30k to owners. Fleet managers profit on 10 vehicles is 50,000 a week (decent pay if you factor in running costs and risks involved) pay outs 300,000 a week to 10 investors. Now by Tuesday which is every ones payday, 2 drivers are yet to come up with their weekly remittance, sighting issues like (I was not feeling fine, I was robbed, snake and monkey ran away with my money etc..) By Wednesday which is payday for investor fleet manager has to giveup his 50k management fee and search for 20k extra from his pocket to add to the investors money if not 1 investor will have issues on Wednesdays pay out.
What do you do to the defaulting driver? Let's assume he comes with 20k and starts to promise payment of the balance as he works, do you fire driver? Or keep driver on the fleet? Some times the claims are genuine and you can see from drivers dashboard that he made the money, and he has been honest in past dealings. So drivers target is increased from 35k to 50k by tuesday.
While 2 drivers are working on paying the extra money, 2 others are defaulting.
I once overheard the discussion between a fleet manager and a driver, the fleet manager asked the driver for the old balance of 6k from a few weeks ago, drivers response was hilarious, he said, sir if you fail 1 course for year 1, you fit carry the course to final year
now example above is for drivers on rental.
Next drivers on 120k and above targets (shared ratio)
You place a driver on a target of over 120k, first week he will try to impress you (James bond) by 2nd and 3rd 4th week he will realise he is not a machine, and ask him self if he wants to die. Most time drivers on such plans are aggressive and always in a hurry, they make poor decisions, and sleep off on the wheels due to long work hours. This plan is not sustainable, and drivers end up defaulting, and dropping keys, looking for easier plans.
From these examples you will notice Fleet manager will have issues with investors, based on a human angle, if not managed well.
next vehicle down time.
A fleet manager once made a statement on this thread, IT went something like this. Buy peugeot 407 and it will be upgraded and refurbished, and I will give you a 6month guarantee on maintenance.
note I am not here to bring down any one, but that statement is untrue and not possible. Vehicles, (brand new, toks, Nigerian used) are machines. On newer machines, you will have fewer issues, on older more sensitive cars, you will have more issues.
no vehicle is immune to the effects of contaminated fuel, or open manholes on the highway, or obstructions like large boulders placed on the road. The chances of breakdown of a vehicle are significantly increased at night, when visibility is poor, driver is tired, to make it worse if driver is a science student.
Drivers make significantly more money at dark hours (5:30am -6:30am) (7am - day break on weekends).
Most issues vehicles face are airconditioning, and suspension related. These cars cover an average of 1000km a week. The distance between lagos and jos by road is about same distance. Without a strong Technical knowledge or backup, fleetmanager will be fleeced by technicians and vehicle downtime will increase, investors confidence will reduce and vehicle might be retrieved from manager.
being a street boi that knows the inside and outside of ladipo market does not make you a mechanic, you are at the mercy of the technicians there.
vehicle weight VS suspension issues.
One of the reasons the corrola is a success is due to its weight. Suspension issues are less on a lighter car, smaller cars with sturdy sturdy suspension are a great mix.
Before I loose focus, Iet me get back to how fleet managers Go bankrupt.
I talked about driver remittance failure, I talked about vehicle downtime. now let me come to a close by discussing Agreements and management of investors funds.
When trust is built, investors are willing to give you money to buy vehicles, fix them and put them on the road, but investors are not foolish, they did this so they can get returns on their investments. Most markets are not stable, they have their high and low times, in December someone posted earnings of over 230k in a week, but of recent every one is shy to post earnings why? Earnings have dropped. same thing with crude oil. Agreements should be made flexible for both manager and investor, so that when there is a boom, there will be room for a renegotiation of terms, and when there is a fall terms can also be re-negociated, ultimate aim is sustainability.
When an investor gives manager money to purchase a vehicle, fix and put on the road, it is not because investor does not know the way to the market, it is because he trusts that the manager has been through same investment decisions, and made the right choices in the past which resulted in profit. It is expected that since you bought it, and fixed it. I should not hear any stories for a certain time frame.
in a situation where manager went into an agreement with a client to purchase refurbish and deliver with a guarantee of a certain Timeline, manager gets into a lot of problems. the gains/ profits manager thought he got from purchase and refurbishing will easily slip into maintenance costs within a short time, especially when a wrong unreliable brand is selected. And after a very short while he begins to rob peter to pay paul so he can save face.
Understanding the dynamics of business and contractual agreements is key, a strong background in vehicle repairs plus a partnership with more than one standard workshop is an added advantage.
A strong financial buffer is also very necessary, do not start fleet management with forecasts of weekly driver remittance to pay investors, it will fail, because there will always be 1 or more stories, pay investors from your investment capital, as I told my partner, you bring 1m, I bring 1 m before we start this business, if it succeeds we will see it clearly, if it does not, worst case scenario we lost our investment and kept a good name, we return the vehicles before we get indebted.
finally please do not buy a car with poor 2nd hand value. Consider the vehicle as an asset that can be liquidated. Cheap car plus repairs does not equal significant increase in resale price, you are still stuck with a cheap car.
Sorry for the long uncoordinated writeup, just wanted you to understand what most managers go through.
gazzuzz
08033910382
Very Apt and infact you took some aspects right off my head. I am a newbie to Uber i just started in November and i can say for a fact that things are not flowing as much as before just like coolbenzino said on friday i think and many were trying to say otherwise..in November my trips were back to back never a moment of dullness infact i did not know you could be taken offline by Uber after 10mins of zero activity when you are not on a ride..i only discovered that this year when rides started slowing down and this is also because there is a massive influx of drivers and you wonder how many riders on demand are available at a time to meet this over supply.On thursday night at Maryland mall around 9.30 almost 6/7 uber/taxify cars were outside waiting for rides but no riders....And this is where i think fleet xpress met their current hitch because as early generation Uber drivers they most likely experienced the surge of activities back then and assumed it could be replicated by fleet management they probably did not know lots of drivers may be unreliiable and not meet up weekly payments which has always been a trend long before e hailing came about..they also probably did not factor in that lots of investors would come in and flood the market as we see now..u know we nigerians liketo follow the money flow and when someone realizes while working from 8-5 his car cam be making money many would jump in not also knowing their cars would also have to bear the burden of such activities...i wish the fleet management guys the best but i dont think 50k weekly and consistently is feasible any longer.Ave been online in Yaba since 10am not one ride till now...abeg market don dry...make i see how i go include taxify shock this uber for side .. 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Jide6670: 11:30am On Feb 25, 2018 |
Jide6670:
Please i have a Toyota Corolla 2011 manual car in perfect condition just sitting at home.
The car is for sale at N2.3m
On hire as well
All I need is 35k/week (no stories)
Driver fuels car and fixes and problems henceforth (any problem 10k and below). I can handle major faults if any arise
I Have heard all the stories before and now I’m just looking for a honest and reliable driver who’s is willing to work hard and make money.
Call me on 07080566357
P.S I just collected my car back from an incompetent scamming story teller of a driver.
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| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by GAZZUZZ(m): 11:54am On Feb 25, 2018 |
Jide6670:
Please i have a Toyota Corolla 2011 manual car in perfect condition just sitting at home.
All I need is 35k/week (no stories)
Driver fuels car and fixes and problems henceforth (any problem 10k and below). I can handle major faults if any arise
I Have heard all the stories before and now I’m just looking for a honest and reliable driver who’s is willing to work hard and make money.
Call me on 07080566357
P.S I just collected my car back from an incompetent scamming story teller of a driver.
get involved in maintenance or vehicle will be grounded in a very short time 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by jpworld(m): 11:55am On Feb 25, 2018 |
vulpeslopez:
some partners put cars at crazy price.... U want 40k and u want drivers to maintain car or becoming to park cars in ur house every evening or once in a week or even to be dropping madam @work and bringing her back home......he opened every partner eyes then why are people complaining.....any partner who wants 50k should drive his car himself......do u know Wat stress is..... Stress is driving 15HRS or more and u Wonder why some drivers crash partner car...... Lack of rest my man The point is not the weekly remittance, the point is him keeping complainant money and not getting him the vehicle. No one actually have been here to complain that they have not paid 50k weekly, couple of people have actually testify they are getting paid weekly. the problem is the greediness involve, trying to take advantage of peoples trust. You dont need to drive 15hours daily, to pay rent of 50k, I have seen people post 100k made in 4days, on plenty of occasions. Can you explain that or they have a special head? |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by jpworld(m): 12:14pm On Feb 25, 2018 |
julietromeo:
How is 50k possible? The highest you can make consistently in this business is 100k per week. You will buy fuel, wash car, buy data etc. Driver also has family to take care of. How feasible is d 50k? 50k rentals is another MMM. More stories are still coming. We are waiting patiently. You are just contradicting yourself. 100k weekly is possible according to you, (consistently) Now if you have a smaller engine car, like corolla, you can actually pay your 50k rent comfortable, and still take home 25/30k weekly, not bad after all. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by medd422: 12:14pm On Feb 25, 2018 |
jpworld:
The point is not the weekly remittance, the point is him keeping complainant money and not getting him the vehicle.
No one actually have been here to complain that they have not paid 50k weekly, couple of people have actually testify they are getting paid weekly.
the problem is the greediness involve, trying to take advantage of peoples trust.
You dont need to drive 15hours daily, to pay rent of 50k, I have seen people post 100k made in 4days, on plenty of occasions. Can you explain that or they have a special head?
r Be deceiving yourself. There are more drivers than riders now. If u like be living in fantasyland. 100k per week kor 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by jpworld(m): 12:22pm On Feb 25, 2018 |
medd422:
r
Be deceiving yourself. There are more drivers than riders now. If u like be living in fantasyland. 100k per week kor Continue trying to deceive us, there are never more riders than drivers, if you take driving as full time job you will make 100k weekly. Now face your driving. 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by vulpeslopez(m): 12:25pm On Feb 25, 2018 |
jpworld:
The point is not the weekly remittance, the point is him keeping complainant money and not getting him the vehicle.
No one actually have been here to complain that they have not paid 50k weekly, couple of people have actually testify they are getting paid weekly.
the problem is the greediness involve, trying to take advantage of peoples trust.
You dont need to drive 15hours daily, to pay rent of 50k, I have seen people post 100k made in 4days, on plenty of occasions. Can you explain that or they have a special head?
ppl were not paid50k sir, 43k or there about..... Oga u need to drive 15HRS to pay rent of 50k..... Say u make 120k in a week.. Cost of fuel....Car wash/data/credit..... Rentals...... 30k.... 10k... 50k... That leaves u with 30k for ursef....I didt even add Uber commission.... On 120k Uber takes 25%....a driver who delivers 50k weekly should be able to make 50k for himself ,u don't risk ur health and life for peanuts.... Forget all that rubbish of whoever told u driving is fun.... Yes in some states like abuja and ilorin with no traffic, but in Lagos, driving is hell......oga the game has changed...... I do only taxify and My highest earning was 160k a week, the next week both the car and I were admitted in different hospitals, thank God say I no bash oga car.... All cos I was on 45k weekly and still maintaining a 2008 Camry muscle 9 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by vulpeslopez(m): 12:29pm On Feb 25, 2018 |
jpworld:
You are just contradicting yourself.
100k weekly is possible according to you, (consistently)
Now if you have a smaller engine car, like corolla, you can actually pay your 50k rent comfortable, and still take home 25/30k weekly, not bad after all.
why would I pay 50k and take home 25k weekly..... Oga, if I pay 50k rentals, I should take home 51k at the end of the week 3 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Daveonoja: 12:47pm On Feb 25, 2018 |
vulpeslopez:
why would I pay 50k and take home 25k weekly..... Oga, if I pay 50k rentals, I should take home 51k at the end of the week well said...I remit 70K to myself weekly but trust me 50K on rentals is just wickedness...wld never recommend that ... 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 12:50pm On Feb 25, 2018 |
vulpeslopez:
why would I pay 50k and take home 25k weekly..... Oga, if I pay 50k rentals, I should take home 51k at the end of the week No one isn't saying u should not make more and no one is saying u should make less... but important thing to note is when u sign a contract, sign within sense. No one forced 50k drivers to sign. If u know u can make 50k rental go ahead and sign, but don't start giving stories sha 3 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Olesekeniwoye(m): 12:59pm On Feb 25, 2018 |
jpworld:
You are just contradicting yourself.
100k weekly is possible according to you, (consistently)
Now if you have a smaller engine car, like corolla, you can actually pay your 50k rent comfortable, and still take home 25/30k weekly, not bad after all.
Only a MAD driver will take home 25k and pay his partner 50k. If my partner is earning any amount weekly, I will take home 20% more. It's how it Is. You shouldn't earn more than me(driver). Never. 3 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Olesekeniwoye(m): 1:00pm On Feb 25, 2018 |
jpworld:
Continue trying to deceive us, there are never more riders than drivers, if you take driving as full time job you will make 100k weekly.
Now face your driving.
Very honorable job. 2 Likes |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by vulpeslopez(m): 1:07pm On Feb 25, 2018 |
Carshopper:
No one isn't saying u should not make more and no one is saying u should make less... but important thing to note is when u sign a contract, sign within sense. No one forced 50k drivers to sign. If u know u can make 50k rental go ahead and sign, but don't start giving stories sha i give u story? Lemme and go and change the natives.... Sorry narratives |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 1:08pm On Feb 25, 2018 |
Some people have some much argued who earns more ... the investor or the driver?
To me, every one has equal opportunities to earn. Be it 1% higher or lower, it doesn't change the obvious which is DRIVERS will keep DEFAULTING or paying short sometimes (even though they earn higher), INVESTORS will keep changing the contract till they find that which seem good to guard their ROI.
Note every INVESTOR still has 100% claim to his PRINCIPAL (the vehicle) while the driver has ZERO claim. So deduce for yourself who has upper hand.
The moment investors start seeing it as an investment and not MMM, that is when management of this investments will be interesting and great. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Harbewilliams(m): 1:21pm On Feb 25, 2018 |
Drivers are too desperate most times and take unrealistic conditions from car owners,
my advice to car owners, don't put repairs and maintenance cost on the driver. he will end up not fixing it, if he can manage it or he comes to drop the car if he cant come up with the cash. That cost of repairs you are trying to avoid, you will end up paying double of it when he drops the car.
A driver has cost already, he fuels the car, take care of issues with tyres which is inevitable, changing of bulbs etc..
Car owners try and be reasonable with expectations (roi) this is not MMM. Ask questions when the need arises, If you don't have time to manage and go through the stress of the business outsource it to a fleet manager.
Transportation business is one of the businesses you invest in today and expect cash the following week, Invest wisely
We manage vehicles for people who don't have time to manager their vehicles but want to invest in the e-hailing business (taxify, uber, oga taxi ) years of experience in this business has shaped our ideas.
Call us today for more details on our services, your investment is our priority.
Contact us today
FLEETDRIVE LIMITED
47, Iwaya Road Onike Lagos
07016682929 ( call or whatsapp )
fleetdrive2016@gmail.com 1 Like |
