₦airaland Forum

northbird:
Banks scramble over themselves to loan Dangote money, because he is a sure banker..

Back to ehailing, it's the driver's loss, if you need 20 drivers right now, you can get them in 2 days , what about getting 20 cars?, that will surely take more than 2 days. ... drivers are always available, its a hard truth to bear,the aces are always with the investor.

The investor will simply liquidate assets and move into a new line of business.

Ask the White korope lekki to cms ,how much they deliver weekly to their owners. I don't want to come to the Yellow LT on the mainland ( oshodi - Sango)

If you are on watsap groups, if you see the way drivers are looking for cars to drive. There are very few cars unlike previous years...

It must be a win-win situation for all stakeholders , most drivers don't see this big picture.. The app companies are learning this truth . Esp Bolt. They made reforms because Bolt realised, if you keep losing drivers, they are losing revenue , it's just a matter of time.

If you are an investor and decide to venture into korope or LT transport business because you are looking at it from an outsider view.

The driver's operating korope or LT are they better than ehailing drivers.
They don't scratch the vehicles or default on payment?

Driver's are always available, that's a fact.
Post a vacant position in any field aside driving and see if you won't get hundreds of applications.

The Nigerian population has the manpower for any business an investor decides to venture into.

My point is every business has it own challenges. Just choose the one you can cope with, be it korope, LT, ehailing. Choose one and face the challenges.

No business without challenges. That's a known fact

Omoapena:
I can now finally breathe in peace and know there's no 1 anywhere that can threaten me or give me sleepless night.

You need it but you're asking me to pay for it, you can see how foolish you are.

A very stupid and greedy fellow...

Baba, who you dey follow fight this early morning

All businesses face similar problems like the ehailing. Many years ago, I built a cybercafe using two desktop computers starting from a shop. As the business grew, I started to employ workers.
The cybercafe became successful and grew to 20 computers. I decided to expand. I moved into a three bedroom apartment. Set it up with better computers and standby power supply. The cybercafe runs 24hrs. We work day and night.
I started a computer training center and a repair section to take care of any breakdown computer.
Then along the line, I got a job that took my time completely away from the cybercafe.
I was relying on my workers to deliver daily income.
Most time I have to pay ISP subscription from my personal purse. At some point to pay salary became an issue.
I had to close down the cybercafe and sell off all computers, printers, photocopy machine, scanners, generators.
The reason why I shared this experience is that all businesses have challenges they face one way or the other.
It takes a lots of rigorous painstakingly effort to be successful in any business.
Your workers can frustrate you out of any business.
Ehailing is one out of many businesses that employ the services of a driver, mechanic etc.
Do people still succeed in business, YES.
Do people still fail in business, YES.
That's the irony of life.

Djdamian:
i suspected you were going to reply this message..

If the owner alone handled all the expenses, let's be honest: do you think this approach is sustainable in the long run, and that drivers wouldn't take advantage of the situation? In my opinion, I don't think so.

No, I'm not advocating for the owner to handle repairs 100%. That's not even possible in today's economic reality.

What am happy about is the owner showing up and making sure everything is back to normal for the driver.

Some owners will not even bother to ask the driver how he resolved the issue talk less of showing up in person.

They would have used calls and threatening to frustrate the driver's life because Kickstarter stopped working

Omoapena:
Yeah, some efforts are also required by the owners partner, this makes me remember my first ever partner, Mr ndubuisi.

We still communicate till date.

The only issue i had with him was, I just started driving in 2019 and it was his car I used to perfect my driving skills which means, the car body see shege for my hand.

Then, if I want to come out from a street with just one side of gate opened, I will scratch the car body ,

Mehn, that particular car see alot of dent in my hand, my partner do tell me that I'm consistent when it comes to delivery but the only issue is, I dey too scratch hin car. But that man, God bless him wherever he is, he will come down to wherever I am if the car develops any fault, he will make sure they fix it back to normal in his presence.

There was a day the car broke down at ikotun, it had kick issue and this man came down with a tokunbo kick for me and fix it, he won't still let me take him home, he just said I should go ahead to work so he doesn't disturb me, that's a partner that is looking out for the safety of his car and the driver...

Imagine if all partners are like this man.

Omoapena:
You're a deeply mistrusting person, in whatever you want to do, pls try to keep trust at first until the person you're trusting breaks the trust...

And the moment you see any red flags, quickly do away with that person but if you believed there's no trust in any business, you won't be able to do any business....


I believe you trust yourself to some extent, if you can trust yourself and you want someone to entrust their business in your care, why can't you do same to others? Trust is something that is being built, you go in first with it and leave the moment the trust isn't there anymore.


We will all need each other, you can't do it alone, you give service and require service from others

Very aptly presented, thanks.

Pearl1910:
Hmmm... That argument is neither here nor there. What I know is nobody will rent ur property if it will not be profitable for them. Decorators rent equipment for maybe 100k and use it to make 500k, u rent ladder of 1k and use it to make 50k. So car owner cannot earn more than driver as long as driver does all the work. No driver will make 100k a week and give owner a bigger share just because its owners car, that relationship will not last. U as d owner can tell driver "we will share repairs 50/50" because what u are giving me is far lower than what u are making. Afteral if the car isn't sound u will not have the opportunity to make that much.
The business has changed but investors fail to adapt to d new changes reason why they are losing out.

When Uber came to Nigeria in around 2014 car requirement was high; 2008 and above. (Imagine if today the minimum car that can enter Uber/Bolt is a 2015/2018 car) The deal was 20-25% of Net profit goes to driver after he has met his target then u pay extra bonus of 5k to him if he surpasses his target by 20k or thereabout. The rest is for the partner. Target was between 80k to 120k depending on Partner. Remember Net is after commission, fuel, airtime, parking and tolls etc. As a partner u can see all the earnings each of your driver is making and Uber paid weekly payments to the Partner at the time. So no cheating.
Later Uber introduced cash payments, so driver will collect some cash and partner will balance him at the end of the week or driver will remit excess to Partner as the case may be. Partner did all the repairs because he was virtually paying driver for working just like a regular company driver.
As the years passed drivers began to work offline and make extra for themselves while Partner will only depend on online trips which were getting lower and lower. Because drivers where shortchanging Partners, then came a flat rate of 45k - 50k known as rentals. Partners were like... u know what, do what u like with the car but deliver my 50k to me at the end of the week. Because that was the average Partners share when partners where getting 75% of Net. Then Bolt came into d picture and crashed the prices, and rentals came down to as low as 20k-25k. Although it was still good because the car requirement also dropped and u could put a car on the platform with less than 1m.
Today the story is totally different; now, drivers must contribute to the repairs of the car and delivery must be commensurate to d value of the car. It is not advisable to put a toks corolla on the platform again because of the cost. If u have it already, u can continue with a higher rental fee or if your driver is a careful and reasonable person, if not sell it and buy two other small cars. Corolla is expensive to maintain now, only hub is 50k. And it doesn't last.
So as a partner u have to devise reasonable means to stay afloat. Keep adapting and keep innovating, if not u will lose out.

Well said. I learnt a lot from this writeup. You really summarize the ehailing journey and how we got to this stage of the business. Thank you.

Djdamian:
Pearl isn't just an investor; he is fully involved in the business. You can't expect someone deeply engaged in their daily work to devote 100% focus to an investment they consider passive income. It's not that easy.

Sometimes, a driver may dislike the owner constantly monitoring the vehicle, asking for updates, or limiting its use. In such cases, the driver might see the owner as overly intrusive, stalker or wicked.

On the other hand, if the owner gives the driver full autonomy, trusting them to run the business smoothly, the driver often takes advantage of the situation.

The reality is that a driver on rentals will never care for the vehicle as the owner would want. This isn't entirely the driver's fault. Knowing the vehicle isn't theirs often leads to a lack of care and a more casual attitude. Drivers tend to exploit the situation, make money from the current rental deal, and then move on to the next opportunity.

The best business model for this e-hailing business is hire purchase.

HP is the best in this situation, I agree with you. It will be win win for both parties.

Pearl1910:
Negligence on the part of partner is not reason to conclude the business is no longer profitable for rentals.
Car owner must interview drivers properly and do due diligence before hiring.
After hiring, continuous monitoring, inspection and tracking of your investment is very important. Anybody that puts his investment worth millions in the hands of a third-party without following up for its progress shouldn't blame the system or the govt but himself if something goes wrong
So if any partner waits for 6 months to discover his driver has damaged his car to d tune of half a million then he isn't wise. He should blame himself and no one else.
I don't bring sentiments into my business, I hire hard and fire easily. Immediately ur down payment is depleted and u arent ready to top up I am collecting my car. Before u damage the car beyond what ur down payment cannot cover.

I like reading from you as an experienced investor. The fact that owner could not monitor his car and a driver recklessly damaged it. Should not translate to a general norm that all drivers are reckless.
Same business people are failing to make profit, there are others making huge profits from that same business.

jpworld:
Is not about been bad, if you are asking me to release my car for 25k and you are doing ajo of 100k weekly, you are only exploting the situation, because I know nothing about the business.

That APC Emilokan guy, called me then, canvassing me to release my car to him for 40k, that I should be rest assured, my car is in good hands, bla bla bla, I told him to visit LASG car, that I am not interested. If I don't know much about the business, I will gladly release the car for 40k, but at the end of 6months when wear and tear comes then you will know it was a stupid decision.

So what's the solution to the above problem.
How much are you proposing for car owners, there should be a standard in this ehailing business.
Like someone mentioned korope, they have union and all drivers know how much is normal weekly delivery.
Everyone is happy.

Kaymaxi2222:
but you can verify the others you commented on right ....see eh no need to argue about that na Wetin I myself know say driver dey do you go see them for Chevron driver and mobile filling station at night then even get club for there for drivers

Yes. You are right. I can't speak for other drivers.
My method of working may be different from how other drivers work.
I can't even drive for 24hrs in a day. Talk less of driving 24/7 in a week.
I hardly drive for 7 days straight. I plan my movement. Once I meet my target am home resting. That's how I work, so can't speak for other drivers.

Kaymaxi2222:
best thing is pick a car use it for 1 week if it is good then take it on HP case close if you now like abuse it the owners money must complete that's the koko

This is a good solution to the rental problem.
From my experience HP is still the best for both owner and driver.

Kaymaxi2222:
and you refuse to comment on how the driver use the car to the extent that he no longer go home and was hustling 24/7 just to raise money for himself......100k ajo while he was paying 25k to tje owner haba

Well, I deliberately didn't comment on that because no way I can verify your claim about that. It may be true as you said it or may not.

But I like talking about things I can verify and based on my personal experience in this ehailing business.

jpworld:
I never say driver will die, I am only suggesting the right people that will sow a seed in ur life,

You painted a generalized scenario of bad drivers. But I tell you not all drivers are bad as been portrayed here.

On this thread we have seen drivers go through HP deal and completed payment.

Same with rental, there are drivers paying weekly without default and maintaining the car.

So it all depends on individual.

Kaymaxi2222:
but what the owner made is not enough to compensate for the depreciation the driver inflicted on the car ..... that's a big L for the owner

Was the 25k agreement okay with the owner at the start of the deal, the answer is yes.
The owner failed to put measure to monitor the car and ensure proper maintenance.

This scenario goes both ways and not all drivers or owners have same experience.

I read a post made by pearl. He has been in the business for over 10years and knows how to manage both cars and drivers.

jpworld:
Yes ooo.

Drivers should meet their uncles, village people to buy them car. Or go and do conductor with Korope or Danfoo.

Bro, what I know is. If a driver don't see car to drive. He won't die na. At least he has been living before ehailing came onboard.
Abi.

jpworld:
That 25k week, is 100k a month. So in 6months, he collected 600k.

To paint that car to standard, it will cost 150k panel beta will collect at least 30k. Just for body 180k gone. So remaining 420, he might need to overhaul the legs, one side of shock absorber is 20k if you are now changing hub it will cost you one side 50k, the 4tires must be gone each tire is 10/12k. At the end of everything you are putting back close to 400 to 500k to put back the car in good shape.

If he damage the car way more than, your family and friends will come to your rescue.

Which year was the driver paying 25k weekly and you are using 2024 part price to do your calculations.

jpworld:
In transport, drivers are more like vampire looking for owners blood to suck, when you catch them in their games, they play the victim card, the greedy rich car owner vs the humble poor driver game.

If Korope in lekki ajah axis delivers 70k weekly, why will uber driver that makes 30/35k in a day, ( between Fri/Sat/Sun/mon/ wants to deliver 40/50k. You better sell that corolla for 3.5/4millionand give ur self rest of mind.

I dey pity most office owners, they are just in it for side income.

If you are office owner and you need extra income, just on Sundays or Satuday you can make, 35/40k after fueling, expenses,why not forget going to church, and focus on ur survival, don't do any damn big boy amd allow one greedy driver to ruin your car, Toyota Corolla engine is almost 1million naira, so tell me how long you will collect that 40/50k to buy another engine, if the car engine gets damaged?

Owners should drive the cars themselves, cased closed. Everybody is happy.

Kaymaxi2222:
let me just tell you the Truth....this business only pays whoever is in control of the instrument used for this business......a friend of mine once got a brand new car for this rental business but because he is a office person he has little or no time to monitor the car .....the driver used the car for almost 6 months no issue until later issues started coming up then the driver keeps missing payment.. eventually sha na one of the drivers friend wey know the owner tell am say make him borrow himself brain that the guy is over using the car to the extent that the guy no dey come home again he literally lives in the car ....the guy was doing ajo of 100k weekly whereas he was paying the owner 25k then. At the end sha na the owner lose Cos na scrap him eventually sell the car as ....so let not deceive our self eh na driver this business pays for most

Thank God you said for 6 months no issues. Both owner and driver were happy because car was not giving issue for those 6 months.
That's my own argument.
Drivers that abuse cars depends on individual mentality.

July 2030?

northbird:
A seasoned driver should know whether a car is worthy of ehailing in 5 days. ( in 3 days sef)
If the car is not up to standard, drop it and cancel the contract.
If as a driver you continue to use the car, then you are also responsible for whatever blames the car owner /investor lays on you .

You are 100% right.
A driver may discover a car is problematic from the first week. He may think he can manage it depending on the circumstances he's in. Then before you know it, it will be from one problem to another.

Djdamian:
You're consistently responding with the perspective of a driver which is understandable.

Who determines if a car is good and sound? if you truly understand this, then you will understand my POV

Why will an owner deliberately give out a "bad car" to a driver for rentals knowing fully well that the owner has create room for problems in the future?

NB---Owners still take responsibility on repairs and maintenance too

Yes. I'm a driver ATM.
Well, some owner may not give out a bad car deliberately as you said.
I have witnessed owner given out a problematic car and expected that the driver will work and provide money to fix any issues as it arise.
It all depends on individual owners. So don't generalize it.
Driver's are in a better position to share their experiences with car owners in this business.
Is both ways, there are honest drivers and honest owners.
There are also dishonest owners and drivers.

Djdamian:
Reflect and read my question again, and answer like you own a vehicle and want to give it out for rentals

My argument is, owners should get good and sound cars for the business. Not buying problematic cars and pushing it to the driver who will now have to take the blames for the car's fault.

If a car is good and sound, the job will be sweet. Both owner and driver will be happy.

That's my own stand and argument.

I talk from experience.

Djdamian:
One major reason why car rentals is considered DOA. Most drivers tend to blame failure to remit money on car faults, whether it's true or not. It's typically the driver who determines whether the car is in good condition or not, giving them significant control in the situation.

Consider this: which rational owner would knowingly provide a faulty car for rentals? And who typically ends up losing at the end of the day?

IMO, this business model only favors drivers not owners

Yes. I have seen owner who bought a Nigerian used and abused car with rusted underneath and oil shortage issue. Maybe because he got it cheap.
Instead of spending money to put the car in good shape. He dropped it for a driver to remit weekly.
When the car issues started coming up, he blames the driver. Whereas car already had underlying engine oil shortages and rust problems prior to the deal.
Most owners will NEVER give full disclosure on the condition of their car.

Pearl1910:
A good car doesn't require maintenance everyday. If u get 160-200k monthly on rentals and do repairs with 40-50k every two months, I dont think that's bad business.

This is my thinking o.
Most investors buy already Nigerian abused cars and push it to the driver and expect the driver to perform magic and deliver.

They would NEVER blame the car, but the driver always.

Pearl1910:
So all fleet owners should recall their vehicles till further notice?

Sometimes I wonder the kind of advice people drop here.
Someone said, driver will drive Thursday, Friday and Saturday.
Another person say people should not give out car on rental 🤣

iLegendd:
Which one should I create when I'm ready? Group or Channel?

Click Like for Group or Share for Channel.

Or, I think I should create a channel where anyone can join, then a group where only vetted people can join.

What do you think?

Lemme go design a simple logo on Capcut AI.

Modified: The first logo will be for the open channel while the one with crypto symbols will be for the group of vetted people.

Boss ilegend, I'm happy for this noble idea. Have joined the channel. I will be grateful if I could be added to the group too. Really don't want to miss out on any update from all the legends in here.

IbotNugida:
I have hot 11 play 6GB 128GB 6000mAH. 6 months old, clean and good condition. 08113446274

Price and pictures

dan4oster120:
I have an Infinix Hot 9 For Sale and the amount is 50k...If you are interested.. Please Dm me ASAP

Drop contact

edenex:
Link?
I have 2 corollas need more info on rates etc

Anyway to reach out to you or you reach me. Contact on my profile.

civilserva:
The advice to donate to federal government is strictly voluntary. If don't want to donate, move on.
As for those opening their gutter mouth in the name of causing, it shows how despicable your background is. Learn something today. You can't change a hair in your body let alone being capable of effecting negative changes in another person life.
Direct your frustrations to those whom you elected into various political position.

As for me, I will continue to donate. To enable our President and other political appointees fulfill the electroral promise

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