The most important thing is to find a reliable driver ..if you do , in at most 12 months with a hard working and trustworthy person , you should have enough profit to buy another one .. average cost is like 800k
With 20k weekly return as Is the norm in rivers State
The idea is to get another one with the profits + returned capital of the first ..that's when you'll really start making the real profits

Keke business can add like 20 to 30 thousand to your monthly income, is this is OK by you then goodluck,

All these "20k daily = 500k monthly" are flawed business mathematics and i see so-called learned people doing it all the time. Theoretical projections like the one you made by many here are flawed and I will tell you why.

Your Keke/Korope will break down sometimes, and you'll have to spend money repairing it.

You'll buy fuel, pay dues and some daily taxes on the road you ply. You'll not feel too fine on some days and hence, can't work at the rate you normally do.
You'll also need rest, and sometimes passengers will be scarce. You're also not the only Keke/Korope on the road, so put all of the above into consideration before doing any "20k a day × 25 days = 500,000 Naira" business mathematics.

With that being said, if you save properly, and there is no major health challenge for either you or any close relative, in addition to no serious damage happening to the Keke/Korope, then gathering up to a million in one year MIGHT be possible (because it's still not a certainty).


In addition, have an investment be it
Money Mutual funds
Fixed Income fund
FG savings bond
Stock (sign up with the link on my signature and we both get FREE shares)

If you can't ride it yourself as full time job, my bro, not profit.

it has a short self life

keke is scrap after 2 years

PrettyBoyBreezy:
One business i was told to run away from, or someone will probably run away with my keke

Abi u wan drive am yourself?

I guess he is ready to drive. On tge other hand i think you both can work things out if you are close

Kelvin125:
I am a civil servant on grade level eight. I have been in service for seven years but I do not find if easy financially.

I am planning on getting a keke napepe on a hire purchase to supplement my income as the salary I get at the end of the month is not enough to carry the family. But my question is does it worth it getting keke on a hire purchase.

Knowing fully that I will be making a weekly return. Please those that are knowledgeable in this type of business, should I go into it.

You ll never go wrong with it. You are on the right track. Just make sure that you're the one driving it

Pls dont invest into keke for now, cos in 2 months time lagos state goverment will ban keke and bikes. So wait patiently to find out what the goverment as in store, i know they bringing in new mini van, try find out if private sector can key in into it or maruwa will still have places they can still operate in lagos.

Kelvin125:
I am a civil servant on grade level eight. I have been in service for seven years but I do not find if easy financially.

I am planning on getting a keke napepe on a hire purchase to supplement my income as the salary I get at the end of the month is not enough to carry the family. But my question is does it worth it getting keke on a hire purchase.

Knowing fully that I will be making a weekly return. Please those that are knowledgeable in this type of business, should I go into it.

Take my advice and I'll be straight and honest as possible to you bro... If you know you wouldn't be Driving the keke by yourself do not give it out on higher purchase cos there will always be stories from the driver!!! I don talk my own o!! I'm telling you based on experience!!!

Kelvin125:
I am a civil servant on grade level eight. I have been in service for seven years but I do not find if easy financially.

I am planning on getting a keke napepe on a hire purchase to supplement my income as the salary I get at the end of the month is not enough to carry the family. But my question is does it worth it getting keke on a hire purchase.

Knowing fully that I will be making a weekly return. Please those that are knowledgeable in this type of business, should I go into it.

I thought the civil service rule does not permit you to have side hustle.

you have to get someone honest to drive it or you do it yourself

U want to buy Keke and give out to someone to drive for u on hire purchase, or u want to take up Keke and drive on hire purchase by urself?

Bro, buying it would be more beneficial to you. Buying it would be costing you like close to 800k while hire purchase would be over a mill. Nevertheless you can sell it after a year which you might have make your returns. My advice would be to get a trusted person to hand it over to. It a profitable business bro. it pays big time.

Kelvin125:
I am a civil servant on grade level eight. I have been in service for seven years but I do not find if easy financially.

I am planning on getting a keke napepe on a hire purchase to supplement my income as the salary I get at the end of the month is not enough to carry the family. But my question is does it worth it getting keke on a hire purchase.

Knowing fully that I will be making a weekly return. Please those that are knowledgeable in this type of business, should I go into it.

sir they want to ban Keke. Pls you can go for a minibus ,then I'm ready to work with you on hire purchase sir and I won't disappoint you..my route is island cos I know how much my friend is making there.. thank you

Please don’t buy it. Bought 2 last year, money down the drain today.

Granger:
This is a very important topic. Please share your experiences. Input from owners of commercial tricycles and the riders should share their invaluable experience here.
Thanks

I think you should pray a little bit longer. If you are not the one holding the steering, don't do transport. Whether uber, danfo, okada, keke, kabu kabu, the driver becomes the king. You become the hostage. It never ends well, because the driver has bills of his own, the union, police, VIO, lastma, etc, make sure the profit is reduced to unbearable levels.

Hello good morning, working perfectly buy and start working going out for 680k in Lagos.... please call me or whatsapp 08032387510

PrettyBoyBreezy:
One business i was told to run away from, or someone will probably run away with my keke

Abi u wan drive am yourself?

He wants to ride and deliver weekly returns to the owner.

It boils down solely to the honesty of whoever you are giving.

“Oga breakpad spoil yesterday o, i fix am. Tomorrow na kick, next tomorrow I buy now valve ”

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Kelvin125:
I am a civil servant on grade level eight. I have been in service for seven years but I do not find if easy financially.

I am planning on getting a keke napepe on a hire purchase to supplement my income as the salary I get at the end of the month is not enough to carry the family. But my question is does it worth it getting keke on a hire purchase.

Knowing fully that I will be making a weekly return. Please those that are knowledgeable in this type of business, should I go into it.

if you reside in Lagos, pls consider the ban on Kekeh and okada before you jump

I will try and summarize my experience, I got this bike which I bought 250k last year and I gave it out on hire purchase for 350k, do you know this guy frustrated me until I gave up and left the bike for him, on one occasion I went to get my money from this guy, he called some bad boys and they fought me with bottles and planks and I ran for my life, since then I decided never to venture into anything transportation business again. You can believe it or don't but this is a true life story.

saxietohgbaskie:
Anything transportation is hot cake. Especially in Lagos. I own over 3 keke. Though started out with 1 along Badore-Ado rd. I gave it out on hire purchase. Fast forward 5 months I got 2 more, but wen the threat about keke ban came I sold them out to get a car for bolt.


My Advice :: if you’re in Lagos don’t try that keke ooo. Why not lookout for a car loan or hire purchase that one is still way much better. You can still rake in 50-70k weekly (talking from experience) keke lifespan is a no no. Under 1year it’s gone.

Do you know where I can get a car loan with collateral?

Once u are in a good and crowdy location then u are good to go, drive the Keke on ur own in order to add advantages of more money and the maintenance of ur Keke....had a friend then who owns a Keke and he placed himself on #4,000 Target everyday...Ticket money no pass #300...

aviationguy:
Hello good morning, working perfectly buy and start working going out for 680k in Lagos.... please call me or whatsapp 08032387510

This na mike bread �

please am interested in the keke biz too

aviationguy:
Hello good morning, working perfectly buy and start working going out for 680k in Lagos.... please call me or whatsapp 08032387510

..
.is this minibus or bus itself..am interested in bus

As for me ooh, I prefer you get that small bus, than Keke, after all they are of the same prize or almost, and have your peace, because Keke can be ban any time were you are. State governors Don't like bikes or Keke sometimes. Wisdom!!!

iknopro:
I will try and summarize my experience, I got this bike which I bought 250k last year and I gave it out on hire purchase for 350k, do you know this guy frustrated me until I gave up and left the bike for him, on one occasion I went to get my money from this guy, he called some bad boys and they fought me with bottles and planks and I ran for my life, since then I decided never to venture into anything transportation business again. You can believe it or don't but this is a true life story.

Don't you signed agreement with him?

Brother pls don't try such plz, or else u have urslf blam.
*Let look part Lagos for example, were some keke are going to be ban, what do u think would happened to ur keke?
Most guys out their are not responsible and considerat when its come to transportation, becos they would always be in hurry to met up with ur own weekly amount and their own pocket money while the keke get depreciated.
Think of another business bro, transportation is not profitable like b4 anymore.

kokakola:
In my opinion,

the First thing to consider is the location where the Keke would be running is it a city/town where there are students of tertiary institutions.

Secondly, you'll need a Responsible/Sane person to be driving it, somebody that has a plan, not those that are deep into Alcohol and smoking, because their character won't make the business worth it.

Thirdly, the person should be balancing you weekly (every Saturday), while he use Sunday to hustle for himself and you must make sure he maintain/fix the Keke if there is any fault but any fault that is too serious , the expenses should shared that would encourage the individual.

Lastly, you two must have a simple and comprehensive written agreement before you start.

It may not work for others, but it may work for you because you're not others. Above all, go with what you Spirit chose and what works best for you.

Make sure you do a comprehensive insurance policy for the Keke and put tracker on it,to aviod had I known.

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keke makes our city look very ugly. let's do better.