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Nairaland Forum / Nairaland / General / Business / Does Tricycle Buisness Really Pays...? (19659 Views)
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Re: Does Tricycle Buisness Really Pays...? by ogoplus: 10:15am On Sep 04, 2016 |
udysweet:Same here |
Re: Does Tricycle Buisness Really Pays...? by ikorodureporta: 10:22am On Sep 04, 2016 |
profeoo: ...how did you arrive @ 6months @ 7k monthly?? 6months=26weeks; 26*7000=N182,000...QED |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 10:30am On Sep 04, 2016 |
Toks2008:Thanks for ur contribution sir.... Seriously I can't drive myself for now as I am gainfully employed.. Am glad u said its profitable as this has been what I have been hearing from people around me... My fear now is finding a good person to give it out to when I finally get one.. coz I have always got to hear some bitter stories said by people I wouldn't mind if anyone here can put me through on d rudiment of d buis as not to go astray.. once again thanks for ur contribution sir |
Re: Does Tricycle Buisness Really Pays...? by opey112(m): 10:31am On Sep 04, 2016 |
byvan03:That's still reasonable. 1 Like |
Re: Does Tricycle Buisness Really Pays...? by Nobody: 11:31am On Sep 04, 2016 |
Task force, lastma, police etc... There's no way you will be a law abiding citizen that you won't encounter these guys. Fear task force, you make #10k, they catch you and collect #30k.. My advice is, go out there and do your research.. Make a friend with anyone of them and collect some important information from them. 1 Like |
Re: Does Tricycle Buisness Really Pays...? by Nobody: 11:33am On Sep 04, 2016 |
Harkynkunle: Yeah, this is also one of the problem, it's profitable but I don't want you to look at that side alone, put other things into consideration.. Meet those driving it to get the real story. |
Re: Does Tricycle Buisness Really Pays...? by Basit002(m): 11:47am On Sep 04, 2016 |
I just created these blog to educate our youth and biz owners on how to startup there own business. www.mybizfinance.infoI just created these blog to educate our youth and biz owners on how to startup there own business. www.mybizfinance.infoI just created these blog to educate our youth and biz owners on how to startup there own business. www.mybizfinance.info |
Re: Does Tricycle Buisness Really Pays...? by filitech070: 11:57am On Sep 04, 2016 |
Bro.. The business is very good and lucrative...it all depends on how many u intend to buy, if u re buying up to two and u re not engage in any job, u just try and locate their Park and buy umbrella and chairs, u can also start selling recharge cards in order to be monitoring them... Believe me u will get top secret of them and get ur money back before one year.... Is better u drop it in higher purchase oo... 1 Like |
Re: Does Tricycle Buisness Really Pays...? by VajanahDischaj(f): 12:05pm On Sep 04, 2016 |
Harkynkunle:it's a good business, but just before you start making your gains everything begins tumbling down. I learnt my lessons from it, this is what you should prepare to counter all these; - anybody that will ride for you must provide a guarantor - get a copy of his last bank details with bvn -get to know his background -he must provide an affidavit from the court, that he won't behave funky during the course of the business -any act contrary attracts a legal action 3 Likes |
Re: Does Tricycle Buisness Really Pays...? by glamour29557(f): 12:15pm On Sep 04, 2016 |
Teetunz64:are u also into it? |
Re: Does Tricycle Buisness Really Pays...? by udysweet(f): 12:24pm On Sep 04, 2016 |
1 Like |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:41pm On Sep 04, 2016 |
VajanahDischaj:When did u get involved in the business...? Are u still in it....? were u able to recover ur capital... (even though u couldn't realize the profit.).....? |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:44pm On Sep 04, 2016 |
Kbraims:Are u in the buisness...? |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:45pm On Sep 04, 2016 |
izzykingsley: Are u in d buis...? |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:47pm On Sep 04, 2016 |
petux:I believe the buisness scope of Danfo Is bigger and demanding than Keke... moreover i can't do with their crazy acts |
Re: Does Tricycle Buisness Really Pays...? by banchuz: 12:51pm On Sep 04, 2016 |
A lot of negative stories follows it Kos I av two!!!!!! One was stolen while the other 1 has bin doing like nepa light 1 Like 1 Share |
Re: Does Tricycle Buisness Really Pays...? by ehijes: 12:53pm On Sep 04, 2016 |
yes it is if you are going to drive it yourself otherwise u will end up just helping other get wealthy. i once tried it n i didn't even get my capital not to talk of profit. they always have story to tell. unless u get a very faithful worker but they r few. |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:53pm On Sep 04, 2016 |
hamrad:Thank u Sir for ur advice ..am seriously buying ur idea and will surely need more... where can we start from sir |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:58pm On Sep 04, 2016 |
woodboi:Thanks Sir for ur advice... Are u still in the business...? How do I communicate better with u..? |
Re: Does Tricycle Buisness Really Pays...? by graphiti: 12:58pm On Sep 04, 2016 |
petux: U are so 100% on point here! Most of d young ones have aiz wey dey shook! They are young and exuberant and want to live life at d fullest, sadly @ d expense of d owner, hence they cook up stories/find one means or d other 2 cut corners! These ones are also very rough and won't mind plying bad routes just 2 make extra doughs. B4,u know what's happening, d tricycle yaff kpoof! But d old ones, due 2 old age, are much more considerate, reliable and less effervescent! #team~old~drivers or #team~drive~it~urself |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:59pm On Sep 04, 2016 |
perryy:How do we communicate better on this...? |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 1:06pm On Sep 04, 2016 |
graphiti:Are u in the buisnsss Sir...? |
Re: Does Tricycle Buisness Really Pays...? by graphiti: 1:20pm On Sep 04, 2016 |
Harkynkunle: Send them PMs and they'll get back to u! |
Re: Does Tricycle Buisness Really Pays...? by graphiti: 1:20pm On Sep 04, 2016 |
Harkynkunle: For now, no! But experience na experience, whether urs or others. I've heard of several experiences of transporters (buses, tricycles Okada) and also from visual observation to know who not 2 give ur vehicles/tricycles to so as 2 avoid stories dt touch d heart! The best (and safest) option, if u ask me, is to DIY (ie do it urself). If it means riding it when u close from ur official duties in d afternoon/evenings, so be it. At least u'll know dt u are getting a 100% of d proceeds. Do ds until u can get someone dt u can vouch for. 2 Likes |
Re: Does Tricycle Buisness Really Pays...? by moneyMouthed: 1:35pm On Sep 04, 2016 |
First of all, I want to applaud the OP for his foresight and quest to break out of the rat race for though the OP isn't unemployed yet deems it fit to get another stream of income by the side. That's great! Now, my two cents goes thus; the Keke biz is lucrative but shrouded in great risks. This is a biz that I've been doing for close to two years now. Yes, I've had my trying times but yes, I've always bounced back stronger and now enjoying the fruits of my labour. Should I tell u my secrets? Ofcus, i owe it a duty to, cos I see that's why u created this thread. I started my Keke biz with a fairly used one I bought at the cost of N168k. Did my Union registration for 3k and then I hit the road myself (as I was jobless but determined to get out of the labor market) after four days learning of how to move a tricycle and mehn, I must say it wasn't easy at all. I had problems of changing new spare parts when they get spoilt and mind u, most Keke spare parts are more expensive than that of cars. Yes, I said so. Go make ur research. But This isnt an argumentative thread so I mustn't digress. I had to buy tickets daily for N100 and I had to attend our weekly Union meetings twice a Month And pay my N200 attendance fee or N1000 fine if I missed a meeting. I faced insults from passengers who felt I was a useless person just because they see me riding a tricycle (very sad especially as am a graduate with a B.sC degree, 2:1) but I wasn't deterred Nor was I discouraged. I had another problem of charging of passengers, as in, how much do I receive per drop over a certain distance. For like a week, I rode my tricycle on borrowed money to buy fuel (Though Keke has good economy of fuel) as I undercharged my passengers. Then I asked for advice from my co tricyclist who was into it before I joined and he saw me through this problem. The second week after I got my tricycle, I started mastering the biz knowing the ropes and making 2-3k daily after I had fed, bought the union ticket and done my fueling for the next day. On market days, I make as much as 4-5 after my daily expenses. Multiply that by 26 days cos I don't work on Sundays and you'll get how much I made monthly. Today, I own two brand new kekes I bought from the first one I bought as a fairly used and hopefully, I'll be getting the third one by November this year. Note: I have stopped riding now and all I do is monitor my riders and ensure they pay me as at when due. No words, no excuses, just pay me! This brings me to what method of handling a Keke biz is the best; riding by self, daily deliver or hire purchase. Self riding is the best for the following reasons; 1) You own the Keke and as such, u manage it to the best of ur ability 2) You keep all the money u get to urself, you don't have anybody to pressurize u 3) If u are a good planner, you strategize and create ur wealth for urself 4) Should anything get spoilt, u know it did and u decide if u wanna buy the original or fake and u know how much u spend on such Disadvantages - You'll be stressed out and treated like poo even by peeps hu ain't up to u in any standard -No time for urself, -If you're the kind hu die for ladies, u lose out as u no more have time for them - You may break down health wise from fatigue etc etc DAILY DELIVERE Advantages - Enough time for urself - Making money on a Daily - No stress - Your tricycle is in ur custody - No sweat - No insults from passengers (FRSC,NPF) - No Union meetings DISADVANTAGES - U pay for repairs whenever ur tricycle gets spoilt - The person hu rides for u mostly rides carelessly as they know u pay for repairs - You're at the mercy of ur rider as s/he decides days to work etc etc HIRE PURCHASE Advantages - Legal machinary are in ur favor - You can plan more on this - Any damage or loss of ur tricycle is paid for by ur rider and/or the guarantors - Sweatless money - In terms of problems, the contractual agreement you, your rider, the guarantors and witness signed already states how such should be managed etc etc - Your rider wants to own the tricycle therefore does his best to pay up before agreed date - You can withdraw ownership of and take position of ur tricycle if ur rider defaults in payment DISADVANTAGES (Coming up soon) 9 Likes 1 Share |
Re: Does Tricycle Buisness Really Pays...? by Franky826: 1:47pm On Sep 04, 2016 |
udysweet: udysweet is this happening to you? please can you share your story I really want to learn |
Re: Does Tricycle Buisness Really Pays...? by Icecream4U(m): 1:53pm On Sep 04, 2016 |
Unionised:where is the assembly plant here in Lagos? |
Re: Does Tricycle Buisness Really Pays...? by VajanahDischaj(f): 1:59pm On Sep 04, 2016 |
Harkynkunle:4years ago, I started the business and my pay was weekly. I put in 240k to get back 320k after 6months. I dunno if I even reached 180k and it got silent. they started telling me how task force seize their tricycles and all that. . . I had to quit, learn my lessons and re -strategize. half of my capital GONE to depart no more. I'd be back again, but not so soon. I'm still struggling to pay back the loan first. Plus, I am going to make it serious, I'd employ thru recruitment. that's the form -format I wrote there. I'd also get insurance for the business (Mansard favours me). I'd start with 5 tricycles when I'm ready. 2 Likes |
Re: Does Tricycle Buisness Really Pays...? by Femo230: 2:16pm On Sep 04, 2016 |
@kunle, is a profitable buz but u still need to do ur own diligent on cost n who to give. Transportation business is a very profitable business provided that you manage it well. |
Re: Does Tricycle Buisness Really Pays...? by Odunharry(m): 2:34pm On Sep 04, 2016 |
petux:Yea.. Finding an honest person is hard but from what i have seen, they are more reliable. I'm not saying they are d best though 1 Like |
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 2:43pm On Sep 04, 2016 |
VajanahDischaj:what's d age of the person u gave urs to... cuz as I heard... elder ones are more reliable and serious go young chaps |
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