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Is Bike Delivery Business Still Profitable? - Business - Nairaland

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Is Bike Delivery Business Still Profitable? by FortifiedCity: 9:37am On Nov 05, 2020
Have read previously that bike delivery business is lucrative. But right now, things have changed or not.

For those still in the business, how is the business doing?

What genuine advice would you give prospective entrants.

Please kindly advise.


cc Lalasticlala
Re: Is Bike Delivery Business Still Profitable? by loyedammy: 9:42am On Nov 05, 2020
It is still profitable.....I have a bike for sale with complete papers, call 08165305409
Re: Is Bike Delivery Business Still Profitable? by FortifiedCity: 9:54am On Nov 05, 2020
loyedammy:
It is still profitable.....I have a bike for sale with complete papers, call 08165305409
Why are you not using it for the business then?

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Re: Is Bike Delivery Business Still Profitable? by fados4sure(m): 10:16am On Nov 05, 2020
loyedammy:
It is still profitable.....I have a bike for sale with complete papers, call 08165305409
Location, picture & price
Re: Is Bike Delivery Business Still Profitable? by SavageResponse(m): 1:49pm On Nov 05, 2020
FortifiedCity:
Why are you not using it for the business then?

Very good question!
Re: Is Bike Delivery Business Still Profitable? by SavageResponse(m): 1:53pm On Nov 05, 2020
FortifiedCity:
Have read previously that bike delivery business is lucrative. But right now, things have changed or not.

For those still in the business, how is the business doing?

What genuine advice would you give prospective entrants.

Please kindly advise.


cc Lalasticlala

The fact is that the business is still good even though there is more competition now because of new entrants.

However, you need to be ready to contend with harassment by local government touts within the city. Apart from that you need to also bear in mind that the Lagos State government is planing to increase the annual licence fees for bike delivery businesses and the final amount should be in the neighbourhood of N5 million plus.

There are several other issues you will have to contend with but these are the key ones I can remember now

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Re: Is Bike Delivery Business Still Profitable? by loyedammy: 2:15pm On Nov 05, 2020
fados4sure:

Location, picture & price
location is lagos, The total package price is 300k......it has tracker, box, it has mot too. Pictures are available if you wats app me on that number
Re: Is Bike Delivery Business Still Profitable? by loyedammy: 2:16pm On Nov 05, 2020
FortifiedCity:
Why are you not using it for the business then?
you can ask me privately on wats app
Re: Is Bike Delivery Business Still Profitable? by FortifiedCity: 4:37pm On Nov 05, 2020
SavageResponse:


The fact is that the business is still good even though there is more competition now because of new entrants.

However, you need to be ready to contend with harassment by local government touts within the city. Apart from that you need to also bear in mind that the Lagos State government is planing to increase the annual licence fees for bike delivery businesses and the final amount should be in the neighbourhood of N5 million plus.

There are several other issues you will have to contend with but these are the key ones I can remember now
What's the current license fee now please?

And these touts, will they still harass even with all the papers?

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