dru23:


I fully agree to an extent. It is so crazy to see and hear drivers that wants to make more than owners by force. These drivers have to understand that it is not by force to make more than owners. When in essence the drivers didn't put a dime to buy the vehicle. They came in with zero capital and they want to double what they didn't invest in.

Now you are beginning to see the bigger picture. Don’t let greedy drivers enrich themselves and leave you in debt...be woke

dru23:


It boils down to how owners manage their cars. Go back to my thread during Ogunvic41 days. People were giving out cars left and right coz they want make money. If you are passionate about your investment you will not let it get to the point that your car will be devalued. Put some checks and balance in place. Hire good team around you. I do inspection every two weeks on my cars. Take the business seriously and hopefully you will reduce you risk of not breaken even. And hopefully with a little luck you be fine.

It seems you are new in the business. Since you live in the states, how are cars valued? Mileage or usage?
Are you aware there are some parts you must change at a certain mile covered?

jpworld:


So easy to say. Alot of cars on Uber don't have comprehensive insurance, you are aware of that.

Some people bought cars with their last cash, they don't even have money to put plate number, talk less of doing comprehensive.

Let's change that narrative, let's talk about owners lost, and risk in his investment.

The person with the major share in the business should have the highest cut.. that’s my 2cent

dru23:

50k might be possible, even if uber increase their fare. The bottom line is no drivers will want to do profit sharing. The extra money the driver is making he will now be sharing it. For what. Most rather just pay their agreed rental and be done. Any extra from that they smart ones will save and others will squander it

The point we are making is those extras he makes for himself will render the car devalued before investors break even.

julietromeo:

Why is he selling the car as scrap. With comprehensive insurance, his car would be fixed and back on road.

Comprehensive insurance does not cover any fix if it’s not an accident.

jpworld:


Honestly, from ur write up, I don't believe u invested in this business. If u buy ur own car and drive in Uber urself, u r in no position to advise investors.

I imported a 2005 Toyota sienna, wanted to sell it for 2.4M, a driver approach me last November, that I should use it for inter state, he will be delivering 30k, weekly, I just laughed, then finally he came back to me and propose 40k,i reluctantly agree, bc of his bro.

Today that Sienna is up for sale for 1.6M, still people pricing it any how, bc of plenty of dents

I have changed the complete gear with 250k, in the space of 3months, 4 brand new tires, battery, oil, shock absorber, brake disc. Hub bearing.

Now do the calculations and tell me, if I'm making gain or I have lost money.

Car has lost its value of almost 1M, during Xmas, car travel to asaba twice.

This same driver was giving me 40k,and still telling me 40k is too much, that I'm cheating him.

None of you here is talking about owners lost.

Please let's change the narratives

Let's talk about owners lost.

You just took the words out of my mouth. Transport business that I have invested in for many years before Uber ever dream of writing one line of code.
All these early investors and newbie greedy drivers who don’t know sh$t about this terrain all hyped up about 40k delivery, and comparing transport business with hotel business.
Very soon the thing go go skraaaaaaaa for una ears.

deedee44:

Now you sound stewpeed. You can blame your ancestors all you want, whether you like it or not, you're a Nigerian. Get it down your thin spine

Pele aburo, I really wish I could cure you of all your demons, but guess what I don’t need your narrow mind to remind me of my Nigerianess.
When Nigerians condemn our corrupt government, does that make them less of being Nigerians. How you guys think marvels me.

Romeo3:
Let the general public know that henceforth, Romeo3 ceases to be a part of FLEETXPERT

Abeg I’m interested to know what went down....call me amebo this time and that I can accept.
Break it down for me here and you never know you and I can work together instead and re-write the narrative.

sophoccles:


You're just talking off-point. Why would you allow them run the car in shifts of 20hrs of course it would depreciate faster. You have trackers and fleet mgrs to prevent that. What people have been trying to tell you is that there is really no way the driver can earn more than you with the current pricing because he will only drive for so many hrs in a day and he incurs other costs e.g fuel, food & telephone calls which are embedded into his own take-home.

You're the one displaying a low mentality of entitlement with your constant obsession with whether the driver is making more than you are. If you're so bothered about that you should do the calculations and realize what a drive actually takes home since you get to determine how many hours he drives, as you're the car owner. But you sound like a very envious and greedy person with the way you focus on who earns more!

I don’t care how long or how much a driver makes. How many times do you want me to repeat myself.
My own narrative is my drivers will be on a 70/30 EARN AS YOU GO and not some current market pricing weekly block payment, that way everyone is on checkmate.

Yes I am entitled to protect my investment and if you see it as an obsession so be it. I did not come to beg money from you.
When you Nigerians don’t have any sensible way to argue your case, you start the name calling....greedy and envious hahahahaha, same archaic emotional blackmail you id#ots throw around. Same way Nigerian girls call you broke ass stingy nig#a when they are not able to milk you, does that sound familiar to you now.

Now run and go get your 1m ready.

oluwatoke1:


I really got enraptured by this comment. I am new here and I have interest in investing or partnering with uber. Old I will like to know does uber grant anyone à car or give one weekly payment upon paying 1million naira to them?

Uber does not grant you a car. You need to find another partner with 1m and you guys can buy a clean tokunbo car of around 2m (Toyota is preferred).
You can drive it yourself or hire a driver and give him your conditions and make sure you monitor the car weekly mileage usage and do routine maintenance yourself base on manufacturer’s specification of your car.
Majority of the drivers don’t give a f$$k about your investments....so be wise

[quote author=ifyeez post=65428521][color=#770077]I have pleaded for them to stop so we can discuss something more important. like yesterday, a rider promised to do a transfer after trip, till now he hasn’t made any, I have been calling him, he picks and says his on it. . 2k ride and this guy stays in a mansion in Lekki,

Have you asked yourself the security risk of displaying your customers number on a public forum, and revealing he lives in a mansion in Lekki.
Why are Nigerians like this?
What’s the whole point of his number now, what exactly do you want us to do with his number.

sophoccles:


Your focus should be on how to maximize your investment, not on what other people earn. Every market finds it equilibrium point in terms of pricing; that's why car owners have been taking fixed amount, and you'd be surprised that drivers would end up delivering less thn what obtains in this market at the moment if you put them on a 70/30% deal.

Focus is on how to recoup investment as fast as possible with reasonable markup, not on keeping other people down because you feel you are better than they are. Plus, whoever holds another man down has to stay down there with him, bro.

As a business man my first priority is to protect my capital and in this case the Uber car. So you mean I should give my car to a driver and then he hires a second driver and run the car on Uber for 20hrs daily and delivers 40k to me because I don’t have to bother on what other people earn. You can start up a company and run it that way please.

How do I maximize my investment if I don’t keep a tab on the overall cost of my investment. I don’t mind if the driver delivers less than what obtains in the market as long as everyone is earning what they should.

This is why I like Europeans, they argue with facts and don’t have such a low mentality to think I’m trying to hold another man down because I feel I’m better than them when in fact all I’m doing is risk assessment on my investment, same old sh$tty Nigerian beer parlor bogus conclusion.

I’m trying to hold another man down by creating employments so we can have more middle class earners way above the $2 per day an average Nigerian lives on, you must be high on something. I am not that Nigerian who argues with sentiment, if you have low self esteem and feel the aim of my analysis is to bring another man down then deal with it.

I worked with a black general manager one time who was very hard on white senior manager expats, and one day GM and I met at a social gathering and guess what he told me when I asked why he was hard on the expats “In business you must put all sentiments aside because you are here to make money and not make friends”.

suco01:
[b][/b]

I understand your point but u really need to know what a stakeholder means. An employee can be a stakeholder reason for this is a STAKEHOLDER can be whatever can AFFECT and be AFFECTED by an organization actions. partners can be a shareholder in uber while drivers can be employee/stakeholder to the partners because in as much the driver is in charge of some aspect of maintenance on the car he is directly putting his own quota to the business.

You are confusing a stakeholder/shareholder and a business partner. A stakeholder can be anybody involved in a business chain like managers, senior managers etc, a shareholder can be an individual who has bought some shares in the company, whilst a business partner is someone hugely financially involved in the business.

If I own a factory and produce juice of 20m Naira daily, my stakeholders can be my top/mid/low level employees and my business partners are my major distributors who have committed huge amount of money in the supply chain. If you so wish to move from a stakeholder to a business partner then you need to meet up some more stringent requirements.

During profit sharing at the end of the year in my organization, stakeholders like me get little and business partners get bountiful dividends.
Infact the company holds a separate meeting with business partners.

So Uber drivers who are currently stakeholders in the business and want to become business partners and earn what partners earn should once again drop their 1m or hide their faces.

bily:


No employee in the world spends their money in the running a business. All employees give their time and skill and get paid in return.

By the time someone begins to spend their money for a business, they are no longer an employee but a stake holder.

Drivers in the e-hailing business are not employees of car owners, they are stake holders. So no single person is doing the other a favor, they are both adding value collectively.

You asked if mtn is paying employees 50% of their profit... Let me also ask you if an employee in mtn will use his money to buy Diesel into mtn generator?

If you want uber driver to be an employee, then pay for fuel and all other running costs, after which you now pay the driver a fixed salary. I think Ogunvic fleet company has a model that runs like that.

So don't get it twisted

Your argument is baseless. Uber drivers don’t fuel the car from their own take home. Uber drivers remain employees just like any other job, and if they want to become partners then let them put down 1m Naira as part of car purchase, my friend that to me is partner.

Uber refers to investors as partners because Uber does not have the money to put 10,000 cars on its fleet in every region they operate, so they heavily rely on investors money and rightfully refer to them as partners. Try and follow the Estonian Taxify guy from its start up and how money was a huge set back for him.

Uber and many multinational companies have only liquid assets in Nigeria because they are very smart and don’t trust our system and it’s people to build massive infrastructure or office headquarters here. Any magomago they declare bankruptcy and move sharp sharp like olx because of people with mindset like you.

If you really want to become my partner and share profit with me 50/50, then bring your own 1m Naira or hide your face. Let’s change the narrative please

afroxyz:


Oga. You are doing no one but yourself a favour. Your are in the business fir money not charity. Don't think you are helping anyone.

The same way Bubu went to the international community to agree that Nigeria is indeed corrupt. You can see the resultant effect of his lack of wisdom. When you spread FUD investors run away

Governments all over the world most times give investors tax break; I bet you don’t know why.
Do you know how Lagos state government worship Chagoury brothers despite the fact that they are here to make money.

Start watching the video from 6:50


https://www.youtube.com/watch?v=BTbcdLj94UI

Are you aware that most investors engage in CSR (corporate social responsibility), building free schools, libraries and hospitals.
Finally have you ever worked for any white, Lebanese or Chinese man before? Chinese men work twice as hard as Africans and the white man would make sure you work for every penny he pays you. You obviously don’t get the intended message of showing gratitude to your investors, you are viewing it just from one perspective.

Do you really think Etisalat, MTN, DSTV etc are paying their staff 50% of their profit?
Can you confidently go on CNN and say “investors are welcome to Africa but they should remember they are here to make money and not here to do anyone a favor”, if you can’t then I think you should re-evaluate your stance on this matter.

afroxyz:


That's the difference. You are making gods out of what puts good on your table, other people are making gods out of their ideas.

I’m not here to argue back and forth. The continent remains poor and dark because of entitled mentality, and you need to travel out more to see how people are grinding.

Ask Uber drivers in USA how much they pay car rental companies as opposed to them buying the car outrightly.

As for the simpleton calling me a small boy, I bet I am way way older than you. Since you are such a Liberal and simpleton what would you have us say to those hard working danfo drivers earning far less than 100k monthly. I know that you want to push us all into your irrational argument that Uber job is very difficult and risky, but let's sit around the campfire and sing Kumbaya instead.

By God’s grace I have been very successful and still continue to stay in a paid employment and always show appreciation for my employers giving me the opportunity to develop in my career and my finance. I will never be so foolish to commonize the investment of my employer, and they will continue to be my “small god” as long as I work for them.

Maybe you should go and read CBN report on how much cash an average Nigerian has in his/her bank account and then just maybe you would appreciate that partner putting down millions to invest on Uber.

afroxyz:


So we should equally be grateful to banks and private organisations. It's your type that believe that just because someone works for them, you are doing them a big favour. That's a poor mentality. Change it. Everyone needs everyone, drivers and partners inclusive

Yes be grateful for anything you have, nobody owes you anything. I will forever be grateful to Dangote for investing over $12b in lekki free trade zone, it has nothing to do with poor mentality.

Your ministers are abroad trying to attract foreign investors, when they finally land on your soil try not to be grateful and watch them move elsewhere.

Anyone that puts food on my table is my small god...Yoruba call it orisa kekere

bily:


Most rentals is not a profit sharing model, so if driver likes, he can work for 24 hrs as long as he delivers his pre-agreed weekly rentals, the partner cannot do anything, even if the driver makes 300k in a week, partner still collects pre-agreed amount Even if the partner can see what the driver makes, it's of no relevance.
So that's not cheating.
It's a fixed income model., except partner now what's to opt for profit sharing

In the west everything is based on percentages. Even your house rent should not be more than 30% of your monthly take home after tax.
I can’t give out my cars base on drivers model for my business. Profit sharing is 70/30, the more you work the more you earn, the less you work the less you earn. If we were to follow your model, then partners could also say I will pay you 100k monthly and it doesn’t matter if you make 1m monthly. Does that sound well to you?

Job contracts here even states working hours T&C in percentages.

It doesn’t make any sense for drivers to run down partners cars while chasing his personal goal only to dump the car and leave the partner with a devalued asset yet to break even.

chinchunchu:
Mr for your information...you ain't better than most driver here...you were just opportuned that's all...the fact that you buy a car, give a driver to drive doesn't make him less or inferior... This is a business.. You ain't doing anyone any fucking favour...you invested to make money and he is driving to make money...stop seeing driver as your slave or maybe you are doing them a favour, he's not your personal driver...this is business...

Who says I see myself better and above anyone. I am the most humble person you would ever come across, if you go back the pages, there was a time I solicited for low working hours for drivers (8-10hrs max), but many people countered it citing the poor economic conditions in Nigeria cannot be compared with the west.

I look out for both drivers and partners. Drivers should earn decent income and partners should be able to break even on the invested capital.
Drivers are at risk on the job, so are partners. Some partners do 2-3 jobs abroad just to raise the capital for the business and rather than been grateful many drivers sound rather harsh and ungrateful.

How many jobs has Nigerian government created for you?
what’s the poverty level in the land?
What’s the average income of people with masters degree in Nigeria?

I say it again be grateful that investors are putting their money in the business to gainfully employ Nigerians.

Ok let me come out clean so you have an idea. I have several investments and brokers in 3 continents, and I can conveniently afford to put 200 cars on Uber. I can decide to leave my money on foreign soil, but when I visit Nigeria I feel so ashamed of the poverty level and want to contribute my own quota into nation building, but I am not going to do that if the terrain doesn’t protect my hard earned capital of 18yrs.

Now the question is am I losing anything by staking my capital abroad....absolutely NO. One of my British brokers knows the Nigerian terrain so much that I marvel at his business acumen.

I don’t see how partners have been greedy so far, when I see I will call them out also. But a driver thinking he can rake in major part of the money for himself only doesn’t sit down well with me.

GAZZUZZ:
I just remembered a case of a fraudulent driver, he signed up for an impossible target,
and guess what he did? He wakes up 5am, drives till 10pm and hands over the keys to his unemployed friend who drives from 10pm- 5am and pays a daily fee to him for use of the vehicle. Basically car never stopped working.

driver paid weekly payments with ease, owner was happy until........


You can fill in the blanks.

How is that even possible. Will the partner not see from the app how long the car has logged into Uber in the last 24hrs, will the partner not see the total daily earning and hours online. Except the second driver doesn’t use Uber or taxify app to work.

If drivers can still cheat then what’s the whole point of the Uber app. Partner already knows the average mileage covered weekly is around 1000km, will he not complain if he sees 2000km.

All driver’s earnings are captured on the app and the partner has access to it also, how then can the driver cheat. Anyway it’s only naive investors that will be cheated. Once I notice any magomago I collect my key.

The same problem why people don’t like to invest in transport business because of greedy drivers seem to be replicated on Uber also.

Trying to use emotional manipulation will not help drivers to gain employment. Nigerians are so fond of using emotion to try to win an argument.

Drivers working in Chevron, Banks and telecoms are employed as drivers and not partners. Whether you want to be called robotic fleet driver doesn’t change the fact that car owners invest their money for the sole purpose of making profit, and drivers should stop this egoistic behavior of wanting to make more money than the investor.

When you run your mouth that investors are not doing drivers any favor, I want you to remember Nigeria is currently in this financial mess because of poor mentality of people like you, most investors are pulling out of Nigeria. Now ask yourself who does this affect more, investors or Nigerian citizens.

So yes Uber investors are doing you a big favor by investing their hard earned money. Uber is not the only place they can invest their money.

Since you live in Nigeria with the very poor minimum wage, how long do you think it will take you to raise 2m Naira (10yrs I guess).

And for the drivers complaining, this job is for professional drivers who have driven commercially for many years like the danfo drivers.
Danfo drivers are on the road 10-15 hrs daily with no car A/C and lastma, Agbero/Police will not let them rest.

So be grateful to God and the investor that you can atleast earn around 100k monthly. This is not a get rich quick scheme.
Before Uber came to Nigeria, ask yourself how much were people earning and what job were they doing.
Many people do tedious laborer jobs and take home 2,500 daily. So far Uber is the only menial job in Nigeria that pays well.

This is getting interesting. I think drivers should be grateful that someone is willing to put 2m Naira down to employ his service so he could feed his family.

You should go and see how that man made that 2m Naira before running your mouth. Stop been ungrateful in this period of recession.
I have never heard of an employee making more money than his/her employer, it doesn’t matter whether it’s e-hailing business.

The sharing formula should be 70/30 after Uber fee, fuel, data, car wash and miscellaneous.

Investor takes 70%, driver takes 30%.

Investor puts 50% aside to recoup his capital and car maintenance.
Investor takes 20% profit for his upkeep.

If investor decides to fix his money in any bank instruments, he is assured of his initial capital at the end of the year. People go into business so they can recoup their capital and even re-capitalize with a higher margin.

By the way why are partners not opting for percentage, that way everyone will share the burden of downtime, more like EARN AS YOU GO.

Mr Ibu abeg carry your wahala go.

The fleet managers so far I’ve not committed any fraud or scam albeit little communication gaps and misunderstanding.
We should cut them some slacks and offer suggestions on how they can navigate the terrain.
We shouldn’t put them down, because I am so proud when I see Nigerians trying to make legitimate income.

It’s an added advantage that they are also Uber drivers. No need to go so hard on them, they strike me as committed hustlers.
And they are good friends to Gazzuzz also which makes repairs more easier and straightforward for them.

We also need to appreciate the wealth of knowledge and information they share here on a daily basis.
Please guys there are Nigerian investors looking here to invest, and it’s not good if we chase them away with all the undue bad reps we give Ogunvic and Romeo.

Thanks for understanding.

ubunja:

90% of feminists are ugly old women.that should tell you something....
its the same reason why Republican Conservative women are so beautiful, beautiful people dont need feminism.

To add to that 90% of lesbians are ugly, fat and unattractive. Majority of them chose to become lesbians when they can’t get men’s attention.
That’s my observation with lesbians because I know many.

It will cost lagos state government around $350m/km to build a modern subway infrastructure. Lagos 2018 budget is around $2.7b (1.046 trillion Naira).

We need around $42b to build 120km subway across the state, and that’s 15.5 times Lagos 2018 budget. Nobody will loan Lagos that kind of money.

Only way to achieve this is bring in 42 investors of $1b each with a 10year tax break.

Now let’s do the maths on how long it will take to break even (ROI)

20,000 Naira monthly ticket all zones multiply by 5,000,000 steady subscribers = 100b Naira monthly

100x12 months = 1.2trillion Naira ( $3.3b per annum)

$42b/$3.3b = 12.72 years to recoup.

Not bad at all for long term investors. This is just my lay man’s modest calculation.

Lagos is around 20m residents, so I believe investors can break even within 10yrs.


https://www.youtube.com/watch?v=F4x3yq49rvE


https://www.youtube.com/watch?v=29WUcLoixfE

You can never fault biology. No matter the presume vaginal power most women think they have, the truth is that power is momentary as women are like milk and hit the wall very fast. Have you asked yourself why you have many divorced feminist women in their 40’s, it’s because at that age all the allures are gone and the once powerful woman becomes loyal, submissive and powerless and turn into a feminazi telling younger beautiful women how horrible men are.

You need to manipulate a man into marrying you because you consider yourselves powerless without marriage, and even if your manipulation works and you are able to nab a naive beta man, it’s just a matter of time before he wakes up and leaves you.

The sexual market value of a 45yr old guy is at its peak while that of a woman is at its bottom. That modeling job you were able to get easily with your vagina at 20 is now a mirage to you at 40+, and that free holiday trips from your sugar daddies don’t exsit anymore.

Even if you become German Chancellor, your cabinet is still dominated by men.

OP is on point with all he listed. No matter any counter argument, for the fact that a vast majority of people on earth have gone through various phases of his lists and can relate to them conveniently makes it a golden write up.
Let me see if I can find one Facebook post on my wall by one Edo man billionaire, everything he went through are encapsulated in OP’s list.

I can relate to about 90% of his post. Trust no one, not even your blood.

Read this thread below. You moved from artificial money control to outright No control, and many guys here have given you advice for violent physical control. You don’t need any violent physical control at this point in time for any damage control, all dating mistakes have been made and it’s time to unlearn all the conditioning and maybe invest some money in seduction books like “The game” by Neil Strauss, daygame mastery by Nick Krauser, badass buddha by Tom Torero, because your wife is playing serious mind games with you.

Detach your emotion from this whole madness, push your bad boy persona to the extreme without been violent. One of the biggest weapons you need in your arsenal right now is showing no reaction..I mean zero reaction. Women respect your actions and not your words and you can show alphaness in learning to be quiet and not reactive to her shenanigans.

Before your marriage attraction was not properly built due to the long distance relationship, and unfortunately money don’t build real attraction.

Been alpha and having true control is when your wife continuously believe you are the pillar of her life and the thought of not having you around makes her heart bleed. A woman stops respecting you the very day she stops looking up to you for moral, emotional, physical, spiritual and financial support.

https://www.nairaland.com/396243/how-maintain-control-woman

This was very common some ten years ago when I was working on the Island and living on the mainland. Even though I took the staff bus around 5:45am and was 100% prepared for those robbers, I couldn’t still escape the ones on the bike with army uniforms. I was chased by the bike and ran into the bush to take cover.

A friend of mine wasn’t lucky as he was shot dead on the spot around 6am while also waiting for his staff bus.

I had to make an arrangement with HR that the staff bus driver picks me up inside my estate.

I don’t know how you are going to escape these robbers if you continue to take danfos during the dark hours of the day.

When we tell Nigerian men to stop attracting their future wives with money, they think we are stupid for saying that. They come up with all kinds of excuses why they must spend and forget that it’s either you attract women with your money or your charisma.

You are lucky your wive’s parents are rich so she has a financial shelter to run under. Generally this is how such Nigerian marriages play out

Guy meets a university girl and use money to attract her, goes further to support her future in laws also.
After some years in marriage guy struggles financially
Guy becomes depressed and stop loving because he has never trained himself to give love without money
Wife starts complaining that husband has changed and wondering what’s going on.... husband thinks wife is nagging
One morning argument starts and husband hits his wife. Wife is beaten to a state of coma and dies in the hospital
Husband’s eyes become clear that he is now a murderer and a beast
They transfer him from Kirikiri to maximum Kuje prison Abuja far away from family visits
He relives all the memories of how they met, the murder scene and the beast he has become
Then a part of him really wants to start this all over again. He picks a pen and writes a love song in prison (love is wicked)
He could only come up with 99 good moments with his dead wife and all are base on money money money
He dawns on him that money is the root of all evil and if only I had just been myself and allowed her to love me naturally.

All I wanna do ... Martin Jansen
Dance like we are making love...Ciara
When it hurts....Avant
Marvins room...Drake
Dexta daps....
https://www.youtube.com/watch?v=a0lZ2PdOq08
Neighbors know my name....Trey Songz
Slow motion...Trey Songz