₦airaland Forum

jpworld:
I thought acting as a middleman with my own property with the thief @bodefakorede will give me result, unfortunately, that scammer has other intentions.

The driver knew I was fooling him, bc he saw the name on the car papers

So therefore go face ur middle man job.

Same thing they saw on mine too... but let me come n go do my middleman... or should I come middleman ur Own too

timifakay:
Lets be realistic sir.
Sadly sir, a man isn't in the position to determine what his life is worth, it's his closest relations that will do that. Expressible in the amount they can raise to save his life if in a terminal condition (inclusive of what he has saved up without seeking external help). You never hear Forbes adding what someone still hopes to make when stating his or her net-worth.
I'll choose working for someone from 9-5 in an office over driving someone's car for 15hours daily, for the same income, I consider it more dignify in. Heck the office job will require and higher qualification, skill set and or work experience than the Uber driver job requires. Might even come with an official car and driver as perks of the job.
By the way, It's the car that gets comprehensive insurance, the driver doesn't get life insurance.



What part?
Please state your argument.



I am yet to see one driver on this thread who started by another person's car and was able to save up enough to buy his own car or complete payment on hire purchase.
This to me means the heart of the business is actually the car. That's why whoever owns the car has the highest chance of making the most amount of money and eventually expanding.
Buying a car isn't rocket science, but without a car a driver has nothing to do and vice versa.
But note, it's a taxi hailing platform, not a driver hailing platform. The driver is there because the taxi needs a driver, self driving cars will kick drivers out of business.

I know three from this thread ... the fourth one is already in the process to buy his ...

jpworld:
I do not mean to disrespect, but this 2 people are the wrong people to ask, my reasons:

1 is a mechanic, he is saving cost, because he repair the car himself. If he gets 5k weekly, he will be very comfortable. But other owners, spend more bills in paying mechanic.

2 The narrative guy, doesn't no the market, he has no experience driving, and he hasn't invest his money, what he does is a middle man job, so all the narratives will be more to his pocket.

The only way you can understand the owner side is to invest.

For you to understand the driver side, is to drive, Ogunvic41 and Romeo3 drove and decide 50k is good offer, if you have a corolla or 407,because cars consume less fuel.

If not for the greediness, they will be more successful, but when they want to buy filling station within the space of 6months, then they take advantage of people's trust.

I don't mean to disrespect anyone ooo.... But sometimes each man becomes a middleman ... hope fakorede paid u previous dealings so that people that gave u car will not feel bad

jpworld:
Carshopper & Harbewilliams you don't need to advise investors, you turn investor yourself and when you invest, don't invest in dead cars, buy tokunbo cars, as dru23 does.

Then you can tell us more about the narratives.

Olesekeniwoye with all your earning more than owner, for couple of years you still never buy car, what a shame. You need to hussle more.

Yes sir

jpworld:
I do not mean to disrespect, but this 2 people are the wrong people to ask, my reasons:

1 is a mechanic, he is saving cost, because he repair the car himself. If he gets 5k weekly, he will be very comfortable. But other owners, spend more bills in paying mechanic.

2 The narrative guy, doesn't no the market, he has no experience driving, and he hasn't invest his money, what he does is a middle man job, so all the narratives will be more to his pocket.

The only way you can understand the owner side is to invest.

For you to understand the driver side, is to drive, Ogunvic41 and Romeo3 drove and decide 50k is good offer, if you have a corolla or 407,because cars consume less fuel.

If not for the greediness, they will be more successful, but when they want to buy filling station within the space of 6months, then they take advantage of people's trust.

Oh la la ... come a little closer

Oya come let's talk it out - U as an investor VS me as a middle man with no experience in driving or investments

jpworld:
I do not mean to disrespect, but this 2 people are the wrong people to ask, my reasons:

1 is a mechanic, he is saving cost, because he repair the car himself. If he gets 5k weekly, he will be very comfortable. But other owners, spend more bills in paying mechanic.

2 The narrative guy, doesn't no the market, he has no experience driving, and he hasn't invest his money, what he does is a middle man job, so all the narratives will be more to his pocket.

The only way you can understand the owner side is to invest.

For you to understand the driver side, is to drive, Ogunvic41 and Romeo3 drove and decide 50k is good offer, if you have a corolla or 407,because cars consume less fuel.

If not for the greediness, they will be more successful, but when they want to buy filling station within the space of 6months, then they take advantage of people's trust.

Chei ... thats how they will say a 46year old can't b president because of something that they don't know about.

jpworld:
Carshopper & Harbewilliams you don't need to advise investors, [b]you turn investor yourself [/b]and when you invest, don't invest in dead cars, buy tokunbo cars, as dru23 does.

Then you can tell us more about the narratives.

Olesekeniwoye with all your earning more than owner, for couple of years you still never buy car, what a shame. You need to hussle more.

Olodo ... ... do u think it's other people Cars I dey use to talk

vena92:
Oga but you guys are friends na

Dem b dey do 150k challenge

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.

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

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

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

Schiphol:
Season 2 ...
Featuring: Gazzuzz (Mediator )
Similar to Season 1
Oga Gazzuzz Ki lo n sele gangan

And winter never come

vulpeslopez:
This ogunvic and Romeo issue reminds me of early last year when ponzi schemes was the in thing, put 20k get 40k in 2days.... To imagine they came here and made hardworking drivers like me and chilex look lazy, so many drivers are still bearing the brunt of their 50k weekly, some partners had to change clauses and some came up with shared maintainance ....in all they changed the game but in a wrong way..

Nope they didn't... they almost did change rental delivery, but then the pros knew 50k wasn't possible

Lesson 1 : never offer what u can't get in return. Rentals this period can't cross the 40k barrier.

Lesson 2: when you can't get it, return, end contract or negotiate

Lesson 3: never assume you know it all. Always seek advice, form good partnership

Lesson 4: never, never, never say call me, I will put u through. First put yourself through and note what works for u fit no work for me ...

Ghen ghen

oluwaseunla:
I love the way that car drives. It virtually hugs the road . Your cruze is very welcome sir.

Cool...i will be coming in for a comprehensive check. I hope the car can hug money too

Do you support chevrolet ? I have a 2012 chevy cruze

stacyadams:
abeg this word [surge] wey huna dey use hup han dan,wetin e mean

.... E mean when price of trip go enter X a particular figure

Subudu:
That's very interesting and good to know.
I need to jump on the wagon fast.

But I am in far away East. Any advice for me?

Call to discuss further

Subudu:
... Erm, lest I forget. Are we still changing the narrative?

Yes we are ... we experiment, we put to practice then we build on it ... already have clients popping in at the workshop to discuss every details and opportunity.


One thing we will not do is jump in because every other person dey do am... we will evaluate before we implement, which we always doing ..... Keep the narrative flying


Now we have a lead Tech who handles all communications and repairs issues with the drivers, we have put in place a scheduling process which appoints time as to when Cars come in for repairs n checks, we have a dedicated channel of all drivers.... Mehn we are changing the narrative without much noise o

ifyeez:
You uploaded ur neighbor pix thinking Uber won’t know, anyway Uber won’t send you any mail concerning the test you took, you would ve to go there office at Maryland to know if you passed the test or not

Hahahahahaha

Awhysy:
Carshopper
I downloaded the uber driver app, logged in and I was asked to upload a pic. Which I did but was just a random pic and I got an email this morning

Does this mean I passed the exam and I'm in?

Possible ... try and put a better pic na...haba

Sirdave333:
Toyota corolla 2003 manual available for Uber/ Taxify driver @ 30k per month. Super fuel efficient. Interested driver should reach me on 07039403000

I sent a correct Driver your number

Awhysy:
Carshopper
i took the uber test at home with no issue yesterday
please how will i know if i passed
Or whats the next thing to do?

Download Driver app - login - if u see ur status change to online, welcome, if u see error, bros na gobe

Daveonoja:
lol but really I don check am any driver were serious this na good deal...u can make the 20K in 1 of the 7days in a week...the rest days na personal hussle

It's really not about serious ... its about issues that will arise when Driver doesn't meet up... imagine Driver is at Lekki, surge or traffic hit am, so doesn't get to madam till late... what do u think madam will say

Daveonoja:
Driver needed ... Camry 2001 20K weekly...but with clause... driver wld have to pick owners wife from ilupeju to Magoo where she works everyday and back home after work...5days a week....interested drivers shld buzz me 08036065800... whatsapp only for more terms and conditions

Just type that u need Driver n during free time Driver goes offline n makes his take home from there

Temptee101:
This machine fits me op. I beg dash me this car and you will never know poverty in your life. I take God beg you bros

Pray that blessings fall on u so u can buy this moto from me by doing so u will give my business the profits it needs to survive

Available ... more talks later...

14.5m

oluwaseunla:
If your car has a visible oil leak, fix it.

But if the engine is burning oil, sorry, damage is already done. The best thing you can do in that instance is to switch to Cepsa brand. The oil short should reduce, but please, stay on the 20W-50 you are using, at least until you are ready for engine overhaul / replacement.

Oh na just now I sabi who u be ... well done sir

GAZZUZZ:
From a technical perspective, mineral oil (mobil xhp) is about 5,000 for 4 liters.

Duration of use should not exceed 5000km (3000miles) (better 3000km 1800miles).

sadly what you find is drivers blowing 5000miles on Mineral oil. engines will run, but die a slow death.

End result is premature wear and tear, build up of sludge, and a replacement engine after a a few months of use.

What about total quartz 9000

GAZZUZZ:
Good arguement.

With the uber platform on an inefficient engine over 2.0liter, driver will be working for uber and fuel stations.

It is not easy to make a decent profit on a weekday unless you target surge areas and work late.
On Friday sat and sunday, it's usually back to back trips, driver can get his weekly rental and saveup something decent for him self.

With strategic positioning, and a good attitude, you get lots of offline trips, and tips. Also you need luck on your side.

repairs are inevitable if you buy a brand new car or a used car, the difference is in maintenance. The brand new car will have less repairs, but still susceptible to tyre blow outs due to bad roads, damaged caused by obstructions on the road that could damage condenser,
radiator and oil pan. Both cars are also not immune to unforseen accidents that cause down time.

Keeping drivers happy is key. drivers on an achievable rental will go home when tired, while those on unrealistic 40-50k rentals will continue driving fighting sleep. From experience such drivers make poor decisions and car gets totaled.

There are drivers on this platform on only uber, and achieve their weekly reasonable rentals.


about breaking even. It is possible if every one stops looking @ E-hailing like if it is MMM. I am thinking of lowering my rental rates to keep drivers happy @ same time get them more involved with maintenance.

From my view if each vehicle made 100k per month consistently car would have paid for its self in 1year and I still have my Principal.

I maintain my vehicles personally so my views will differ from yours.

But making a profit is very possible when down time is reduced significantly.


finally I don't see any one shouting bring ur cars to me I will pay 50k per week........

First highlighted
Do u fully support that rentals be lowered and Driver involved in maintenance to Balance out? And do drivers really want to be involved with maintenance on a rental business approach when considering they do same for HP model?


Second highlighted

Are u saying e-hailing should be seen as an investment which roi is based on a well calculated approach in achieving consistency within a 1year outlook?

So people should stop seeing e-hailing as a cash cow rather as an investment which pays out over time