₦airaland Forum

iyaegin:
Meanwhile I have always heard of this issue but just experienced it for the first time yesterday.Got a request from Island to Alagbado yesterday night, when we got to meiran I got a text that Uber was ending the trip, I should find safe place to drop rider and before I knew it Uber ended the trip yet we were still some distance away and only when I got to rider destination did I notice trip had actually ended.Rider also complained that same had happened on the reverse trip earlier in the morning.this was only after about 2hrs 30mins but before now ave done longer trips no such issues.is this a new development.

Maybe you ran out of Uber driving time. 12 hours ON, 6 hours OFF! They shut you off automatically if you’re still online when your driving time is up, even if you’re on a trip.

UncleNnamdi:
Big gods are now scarce, that's why you see her type trying to be political.

So true ! Free money from all their political ‘sugar zaddy’ is not flowing again like before . Is it not the same PDP that ruled for 16 years with nothing to show for it? Now suddenly Atiku or is it atikulate, is their new messiah, the same Atiku that was VP with Obasanjo for 8 years and they ate the national cake anyhow they liked. God forbid i vote for PDP, if they like let them field an angel as their candidate. As for me, I’m sitting out the 2019 elections. I’m not voting for any useless anybody.

crazygod:
Its so sad that in a country as complex as ours, its the blind that's leading. This strike shouldn't be for increment of salary but for reduction in govt expenses. NLC leadership na pure olodo dem be.

Very correct! Government expenditure is what needs to come down for better governance. Increasing salaries will only increase inflation in the system and the rat race continues, and it only gets worse from there. Even at 18k minimum wages, in some states, workers are owed many months salaries. Now imagine they increase it to maybe 50k, where will the money come from under this current arrangement?

Maybe people are not buying from Jumia because they discover that many products beautifully advertised are substandard after buying. Why should they order again next time?

ThatKING:
To those supporting their mother, No physical abuse in whatever manner is proper...


What will you do if your wife's Father slapped you??

Take it like a man and walk away. It’s just a slap, not an execution. If you slap my mother, for whatever reason even if my mother is in the wrong, I will beat the living daylights out of you. If the marriage ends, then so be it.

I remember growing up, my mother has slapped the heck out of me, I never slapped her back, my mother has thrown shoes at me, thrown TV at me, thrown spoon, thrown ceramic plates, thrown glass cups, bitten my hand, all in a bid to raise a responsible child that will be useful for himself, family and society. Look at me now, I can’t thank her enough. She did a wonderful job to ensure, whatever it took, to drive irresponsible behavior away from me. People like me, when we were growing, we were surrounded by bad boys, we were bad boys but our mothers were the saving grace that didn’t let us sink into the hole of criminality and depravity. We became responsible children by fire by force. Now one girl that just joined the bandwagon at the finish line now says she will slap that same mother? *In Lasisi’s voice* Are you mad? . I’ll beat the madness out of you in a hurry, because you see, that mother, sweet sweet mother, she beat the madness out of me and I became a success for it. God bless my mother and all the good mothers out there. We love you unconditionally. Slap anybody you like, we will defend you with our blood, our money and our lives. You are too dear to us . Your tearful prayers made us great. A good Mother is the best blessing a man could receive. For me, it’s Mother over wife, God over everything!

Beat her black and blue? Wow, what a gentleman. If you try that with me and slap my mother, hmm, I will beat every single color of the rainbow out of you. That is, I will beat you black + ROYGBIV . I don’t take my mama play o. If she offends you and slaps you, you better come and slap me back instead and leave her alone. I can take a million slaps for her. But for you to slap my mother? Hmmm, I will finish you without apology.

WHO will collect the 10k, is it the customer?

For reforming LASTMA and curbing VIO alone, Governor Ambode has my vote. No vacancy at Alausa. Sanwo-Olu should wait till 2023. The APC party leadership had better recognize that majority Lagosians like Ambode as governor. If they push Ambode out, PDP might just win Lagos. And that will be a total disaster for APC not only in Lagos, but the whole country.

Vested:
They will come for your head soon with talks like "this biz is nothing without the driver", and that's after they've dropped partner's car at Rafiu's workshop while moving to the next victim.

Conmen are just the order of the day in Naija's biz environment.

Hehe, i’m not afraid of anybody. They are not the ones feeding me and i’m not the one feeding them. So basically we have no business arguing. I won’t even respond.

alstarmayo:
Some partners just want to collect money, drivers will be begging them to do repairs and maintenance, they will be begging you to keep managing it

This is one very strange logic I found on this thread that I still don’t understand. And I find it equally surprising how many investors here have embraced it, whether grudgingly or otherwise. But the thing is, everyone has their own perspective or understanding of what works for them and it’s better for everyone to do whatever works for them. Now, in relation to your statement, let me just say share my own PERSONAL perspective and understanding that works for me:

An investor spends as much as 2.5m to buy a tokunbo car (let’s say a 2007 corolla) and put on the Uber platform. 2.5m includes money to
- pay for the tokunbo car
- pay to fix one or two things or issues that came with the car
- pay for general servicing (fluid changes like engine oil, transmission oil, coolants etc), parts changes like brake pads and/or lining, etc) in order to begin your own service history afresh because you don’t have the service history record of the last user abroad and since it’s for commercial use it’s better to do a comprehensive service before starting
- pay for comprehensive insurance
- pay for tracker
- pay for vehicle registration
- pay for Uber and Taxify registration
- pay for the logistics involved and other miscellaneous

Now the investor invested in the business to make profit, it’s not a charity organization. Now the average ROI he receives weekly is 35k, which means it will take approx about 72 weeks (1 year and 5 months) just to recover the capital invested alone, in an ideal situation where all things perfect and the 35k is paid consistently all throughout the period! But 72 weeks is not a small time and in practicality all things will not be perfect in that 72 weeks. Therefore, if we consider and make allowance for unforeseen circumstances etc, it might take 2 years just to recover his capital. So then what’s his profit? Simple, the value of the car is what every John Doe would say. But for the critical thinker, who can see outside the box, that’s not a good place to be, in fact it is a gamble where there a higher probability to lose than to win. Because the state or condition of the car in 2 years isn’t guaranteed and it is dependent mainly on the driver’s usage. So in 2 years, figuratively speaking, the car might be a dead car, a nearly dead car on life support, a car in coma, a car in average condition or a car in good condition. But the fact is, whichever the case is, the value of the car has significantly depreciated. Right now (September 2018), the average market range of a Nigerian used 2007 Corolla in pristine condition might go for around 1.5m assuming, but 2 years from now (September 2020), there is no way the car will be worth that much. A Corolla in pristine condition then might be around 700k, who knows, as the demand for Corolla might have dropped drastically. And that’s even for a personally used Corolla, now imagine if the buyer discovers the car was used for Uber for 2 years, it’s either the buyer runs away or offers you a ridiculously low price. Because he believes the car will be prone to plenty repairs due to heavy use. So to rely on the value of the car as your profit is blind gamble. You might win (if lucky) or you might lose (most likely). There’s no certainty with the outcome. The associated risks are just many and too dynamic to control. So it’s not wise for any sensible investor to depend on the car’s 3rd / 4th hand value as profit. I said 3rd / 4th hand value because this is a car that was driven for commercial purposes, not personal, so it has a faster depreciation rate and higher wear and tear. So to call it a 2nd hand car might be tantamount to an exaggeration or a subtle lie. Because of this factors, any serious investor that’s serious about making profits has to factor in his profits with the ROI generated during the cars usage. So then, we already established it might take approx 2 years to make 2.5m capital back, then depending on what the investor sees as profit, but for the sake of illustration, let’s say 2m, then it might take another approx 58 weeks (1 year, a month and half) in an ideal situation. But the situation can never be ideal. It will be real. So in reality it might take a year and half), if we factor in the realism of the business. This makes it 3 1/2 years. Let’s round it up and say 4 years. So looking at this business critically and practically, a 2.5m investment of a tokunbo car in perfect condition to run on Uber and Taxify will only be profitable with CERTAINTY if the car runs for 4 years at 35k weekly. 4 years is not a joke! That’s the time it takes to graduate from a social science course in a private Uni in Nigeria. 4 years of hard labor on a car (even though properly serviced within that 4 years) driving on our bad roads shared with many crazy road users will still take it’s toll on the car and eat its pound of flesh. So the state / value of the car at that point is almost negligible. And if it’s has average value, then you know heavy money has been invested into its upkeep.

Now if the 35k weekly is going mainly as an ROI to the investor, then someone still wants the investor to take out of the same money for vehicle maintenance, then that person is a joker. The investment will crash and then investor will ultimately never make any profits but also will eventually lose his initial investment. People need to understand that until they make their capital back, they have not even started business at all. This is the undiluted irrefutable truth. Therefore, the only feasible recovery plan and path to profitability is for the car to generate not only the investors ROI weekly but also money for maintenance. In other words, the car operates on a dynamo system, the investors job is to kickstart it (make an investment of a car in excellent condition), then the car runs itself continuously by itself without needing the investors to pump in more money endlessly like pouring water inside a leaking basket.

There’s more to say but i’m tired of typing do now. Maybe later today (or tomorrow or next week, or next month ) when I’m in the mood again and have the time, I will re-edit this post and add the other things I want to include. After I finish the investors perspective, I will also add from a driver/partners perspective. But as a further reminder, this is personal to me, this is what I believe and know will work for me, so nobody should take it as a blueprint for everybody. Do whatever makes you happy as an investor, but whatever you do, try not to lose your investment because i’m yet to meet anyone that was happy he lost his millions for nothing. And for anyone that’s not in agreement with my post or has objections or angry about it, just ignore the post, no need for endless arguments, confrontation or bitter utterances. I will not respond.

GAZZUZZ:
I de follow you sir, where will you keep the diary?

Inside my head, i’m an introvert

boy16:


As a young guy with knowledge of economics.... The one thing I love about Apple(eventhough am a Samsung fan) is Apple's marketing skills and strategy.

It Is quite uncommon the way they control people's mind to buy their phones no matter the price.


Imagine Apple calling an ordinary LCD screen(iphone xr screen) "liquid retina"

That name alone will invite customers with less knowledge on technology.

.

There’s nothing special about their marketing strategy. The only strategy Apple has used for years to ensure high sales volume is by running a “closed ecosystem” with the iOS software. Many iPhone users want to switch but when you consider the amount you will lose, then they are forced to stay. And the worst part is, the longer they stay, the more they invest (money paid for apps, music, videos etc), the harder it is to dump the iPhone. So the consumer is basically stuck or trapped within the Apple ecosystem, which means more sales for Apple, because it’s cheaper to buy another higher iPhone and transfer your ecosystem into it, than to switch into a new device and lose all the money you used to buy 1000 songs you downloaded on iTunes (a song costs about N150 averagely, and some albums as much as 1.5k - 2k and maybe you have 20 albums on your phone). Then let’s not talk about the apps you paid for, and other money you’ve thrown into the Apple ecosystem, none of which are transferable to a non-Apple device and only transferable to Apple devices only. So therefore the consumers are stuck inside the Apple loop, and the Apple ecosystem warmhole keeps sucking their pockets, but they have no choice but to continue. One of my phones is an iPhone, and it’s quite hard to dump it. Every time I drop it, later I pick it up again because I have put in a lot of money into the Apple ecosystem to lose it all just like that. But i’m not an Apple sheepie that jumps on every new device they launch, because I understand and know how the Apple closed ecosystem turns their customers into loyal slaves that are stuck inside the iOS matrix .

bassette:
Not totally true and most of the time it depends on the feedback coming from partner to driver. People are different tho but most car owners approach these days will make it difficult to get the best of drivers.

I think the best drivers are the ones who have not been corrupted by greed, the regular office drivers, who work on and have adjusted / disciplined their habits to be contented with what they earn and live within their means. Not a driver that wants to overwork the investors / employers asset to earn 140k a week and grudgingly pay the investor 35k on one hand, while harassing him constantly for a reduction to 25k on the other hand. So that he can make 75k to 90k for himself in a week. And then after 3 months of excessive overuse, reject the car as a dead car and jump to another investor victim. But karma is well and alive. It’s a circle of life. What goes around comes around.

Carshopper:
give a driver the bolded and watch it turn to another in a couple of months... all they do is just drive n drive .

And then they will call it a dead car . But it was ALIVE before they started driving it. So the big question begging for an answer is WHO IS RESPONSIBLE for turning a good tokunbo car to a ‘dead car’ - is it the owner / investor that bought the good car but never drove OR the driver that drove the car he never bought! Anyways, just joining with 3 units toks 2007 Corollas, so I will soon find out. Starting out though with 3 normal drivers with 0% Uber experience. Been following this thread for a while and the “experienced Uber drivers”, hmm, ..............

Can someone kindly send the Uber partner - driver rentals contract / agreement / guarantor forms template to this email “mobilityexpressservices @ gmail.com”. Thanks in advance.

Mulatta:
[s]You don't know anything jare, my friends ordinary C300 will floor that Porsche. CLA, C class and naturally made for performance adding amg will just make you confidence to destroy learner's driving big cars like Lamborghini. Ordinary supra will destroy both of them[/s]

Stop making baseless assumptions, a C63 AMG engine has over TWICE the horsepower of an ordinary C300. An ordinary C300 cannot beat a Porsche Panamera in a drag race. An ordinary C300 is not up to 250hp, but a Panamera is over 300hp.

Typical Nigerian politician with “I die here” mentality.

People should not overhype Benz because of this. All Mercedes Benz are not the same. An AMG benz is not the same as an ordinary benz. Only a Benz with an AMG engine has exceptional turbo boost power, power similar with a car fitted with a nitro power engine. But an ordinary Benz is not and cannot perform like an AMG Benz. And before you decide to buy an AMG, just be ready to spend money on petrol, because all that overloaded AMG power is a fuel guzzler. It will drink your fuel like a vampire drinks blood

FarahAideed:
There is no way that Panamera can take on that C63

A Porsche Panamera 4s turbo can! But the ordinary Panamera (V6 engine) cannot ever!

@OP, nice thread! But it’s called a Porsche not Porche.

You might outrun an AMG Benz sedan at the beginning (and only very few cars can do this), but once the AMG turbocharger kicks in, hmmm, just forget it, the speed demon will overtake anything. However, for the SUV models, like the G63, ML63 etc, the aerodynamic drag power slows it down due to its box shape. So a Porsche Cayenne turbo would easily outrun an SUV Benz AMG like the G63.

The power of AMG! The AMG is a patented turbocharged technology that belongs to the Mercedes Benz. Once you see a Benz that’s factory-fitted with an AMG variant engine, then just know that it’s a road runner.
AMG = speed demon!

This thread is suspicious! Hope someone isn’t gathering people’s info to kidnap

What a superb policy! Nice one from the PSC.

generationz:
you can do a fruit fast

break by 12,3 or six with fruits.

Good idea but i’m used to eating breakfast because my daily routine is quite tasking and I need that morning energy boost. If only it’s possible someone like you can fast for me and transfer the results to my body.

I haven’t fasted in donkey years. My schedule is demanding and my stomach just won’t let me .

boss1310:
there are more educative news on trending but this got pushed to the front.that tells you where we are as a nation

Nope! Tells you the kind of moderators that run Nairaland.

Imagine a world without Causcasians in it, we would still be living in the forest trees dragging space with monkeys. Ever innovative solution-minded people. God bless this race abundantly!

So many great things are dying off in this generation. But better things are replacing them. What a lucky generation these millennial people are

ireneidiva:
You want to force her to be a Catholic after marriage and you are still insisting that tje marriage takes place in your church. Oga leave this girl alone and marry your catholic sister.

Exactly! There are countless single Catholic ladies. He should pick one that shares the same ideology with him. Me personally, in a relationships context, if I meet a Catholic girl, I RUN . But beyond relationships (business, work, socializing etc) I don’t judge people based on religion but their actions.