₦airaland Forum

JohnVianney:
The accounts that have reached the 30 day time limit has just been unfrozen, login to your personal office to confirm. No need to fear again

Bro can u G. H...?

Ayogbem15:
Hmmm....i knw nobody will remember dis on, sledge hammer

Trust me.... I know what am doing...

Ibrahim caused us this match

mrsage:
My opinion. It's a viable business. Transport business is a gold mine but most people don't know this and some find it difficult to manage.

For a start you can buy a used tricycle. Priority is to invest and recoup your investment fast.
Before you invest in transport always think like a business man.
It's not compulsory to start with a new Keke.

Hire purchase is a good option.

Again select your location carefully. This is very important. Most investors overlook this.

Sometimes daily /weekly returns vary based on location. Some locations have lower risk.

If you can make the rider pay an initial deposit it helps too. This is an option.

A rider who has paid some money at the beginning of the hire purchase deal has already made an investment too. It has a psychological effects on his ability to pay back.

Agreement

Have him (your rider) sign the agreement in a police station, military barracks, lawyers office or shrine if possible.

Wish you luck

Thanks Sir

mrsage:
Good

Well done Sir... I will like to read more from u on this... I know u are vast in this buis sir

teachernnaa:
is better u hand d keke over to their union chairman , let him get his own cut every week. then be sure of ur cash every week cos those drivers don't mess with their union chairman ,else they will b out of work at that area.

Av u done this buis before

petux:
lol are yhu d 1 to drive it

I mean Danfo drivers crazy acts

VajanahDischaj:
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.

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

graphiti:
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

Are u in the buisnsss Sir...?

perryy:
Best way to do it is ask whoever you are giving to pay 40% of the cost in advance. Then you only calculate interest on the 60% contributed by you . By so doing , being that he contributed his own money to yhe purchase, he is bound to use the tricycle very well and without excuses . The conditions is if he starts story, you retrieve the cycle from him , and he lost all his money .

This will keep him calm and cool while the contract lasts . That is what we do in the bank and it works .

How do we communicate better on this...?

woodboi:
Yours is better, gave mine to the first person, story for 3 weeks to the point of making me to understand the first payment was from his account... the second guy did not pay up to 30k before the stolen story, litigation has been on since then and there you will find out different type of case issues, at worst he will go to jail and you won't have your money back or pay for lawyer and the best is go and pick his properties, that's if he have any valuable worth the tricycle.

@OP! The stress is not just worth it, both the park chairman and the rider go as far as fetish level, except you are willing to follow that part. lasma problem is another thing if they ticket the rider twice in a month, That is close to 44k minus demurrage... Then the rider will turn to you for soft loan including his outstanding debt and begging from different quaters, then you will ask yourself what have I done to myself?

But there is a way to go about it, like they say every business is a risk... Either you register with CAC, so incase of any loss, they will be the one to push the case for you or the rider most be ready to fortify valuables worth the agreement, duly signed and stamped by court.

when you get the keke, at the back tyre, you can weld a cup shape iron to one of the tyre and padlock it when you want to park the keke or at a place you are not sure of the safety, that way the tyres can not move, unless they break the lock.


PM, let's talk more: 90 percent of these riders are they same, they learn tricks from each other and family member is the worst.

Thanks Sir for ur advice... Are u still in the business...?
How do I communicate better with u..?

hamrad:
this is a very good business but you have to manage it very well to make it. i have being in this business for about seven years now, i was once a driver, owner and now spare parts dealer. in fact i am posting this from my shop now. My advice
if you want to give it out on higher purchace write a good aggrement and state your rules and regulation very well. Let your driver have a guarantor and you also have a witness the 4 party should sign the agrement. Now the real work started dont listen to any story when it comes to payment otherwise you will blame you self. i bet you the real story will start after six month but dont give a damn. apply all managerial skills for a business and pray verywell. which you best of luck

Thank u Sir for ur advice ..am seriously buying ur idea and will surely need more... where can we start from sir

petux:
bro its profitable. if you remove all those expenses like ticket fee and other fees they pay, you will still have some dough. But if on hire purchases, i wont advise you to except you see some1 you can wholeheartedly trust or else you will regret it coz they wil bring stories everyday relating to money but you can find all diz old agile fathers that are poor. My father once invested in the busines but regret at d long run. Btw why dont u use danfo bus instead of trycycle?

I believe the buisness scope of Danfo Is bigger and demanding than Keke... moreover i can't do with their crazy acts

izzykingsley:
Driving it ursef will be better u will be able 2 make back ur money under the period of 6mnth, buh given it out is nt advisable coz u will hardly find n honest person

Are u in d buis...?

Kbraims:
Depends on d environment... is lucrative in commercial areas

Are u in the buisness...?

VajanahDischaj:
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

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.).....?

Toks2008:
Indeed it is a good biz.

There is this man in my area who was riding an old okada but luckily he got a tricycle on higher purchase I think for 800k or therabout and I was so glad when he told me that he will pay off the remaining 24k in a months time and the tricycle will be his...I remember it was not up to a year that he got the tricycle so yes it pays if you give to elderly people as higher purchase .

In fact if you have money to buy like 5 at say 550k each with registration then you can make 250k profit on one on higher purchase basis making over 1m naira which is better than fixed deposit.

And if you want to drive it by yourself all good.

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

u guys shouldn't just view.... ur contributions are paramount....

Thanks... but for now that's what am looking into more contribution is needed pls

As a young chap, I have been looking for a legit buisness platform to invest into.. then this thought of tricycle buis comes to mind... I believe or feel with d huge population in Lagos, this buisness should flourish (though not totally convinced).. Thus I need ideas from people who have got stream of ideas or those are still in d buisness to share their experiences with me.... I wouldn't wanna take a wrong step...
Thanks in anticipation

fourfunmi:
I sincerely cannot remember the exact amount but it was something between 3,500 and 5000.

wow... thanks sis
that's pretty on a high side...
perhaps gonna try Tarkwa bay

fourfunmi:
Yes, I had fun!
Plenty of it!
Courteous staff and the water sports were the best activities for me.
Just keep an open mind, don't expect too much, I'm sure you'll have fun.

what is the cost of entry...... pls

Elchappo:
Hahahahahahahaha..
But guy, nah stvpidity dey make people attend that Cele shrine nah..

seriously ... u don't worth it

Elchappo:
See this babalawo in disguise.. Abeg go nd preach to ur fellow ritualist Cum church members.

Thanks for confirming ur Stvpidity

Elchappo:
Their parents must be Chief Priest at their various Shrine, Oops church I mean..

I see myself as one of d few that comments here.... But I need to say this
With ur derogatory and blasphemous statement up there
I believe u lack some good senses and that statement shows how gullible u are...... more so it shows u have no iota of respect for God

Hi House... pls is there anyone here who had his/her interview on 28th of April and has been called for medicals..... I really need to know pls

kehmeh:
I'm very sure I don't have any of those illness.....cos I was peeping at my result and most of the things the doctor was recording was negative.....God please help me, I'm tired of staying at home I'm very sure I don't have any of those illness.....cos I was peeping at my result and most of the things the doctor was recording was negative.....God please help me, I'm tired of staying at home

lol... so u were there when d Dr conducted ur XYZ test nd hepatitis Abi... u are so funny
it's not ur portion in almighty God's name.. just relax ur mind.. u ain't d only one in this

kehmeh:
I know, in fact so many of us have not gotten but I'm so scared

Relax joor... guess ur surname didn't start with letter A
if u ain't sure of urself..... u can do some basic tests on ur own....Like XYZ, Hepatitis, blood sugar.. and b. p
I guess these are d test carried out.... not too sure sha

kehmeh:
Few people have been called...... I had my medicals on the 19th

Eyah..... since some of ur team members haven't got their resumption mail...
So y not relax and wait for d mail
U ain't d only one in it

kehmeh:
Please who knows if anyone has ever failed Medicals

has any of ur team members been called to resume..?