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See My First Investment For The Year - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessSee My First Investment For The Year (1684 Views)

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See My First Investment For The Year by Peledonomy(op): 8:07am On Feb 07, 2023
Hello everyone. I just got this bike for 300k.
Mehn it took a lot of savings and delaying gratification since last year.

Initially I intended doing okada, but now I intend to go into dispatch bike business. I am in Akwa Ibom. Please I don't know how to go about it. How do I get that dispatch box? Also is there any registration involved?

Finally how do I get customers?

Re: See My First Investment For The Year by xavuv: 8:47am On Feb 07, 2023
so,no due diligence, you did no preliminary assignment & you went and invest in to a business you know nothing about.
hmmm...dey play!
Re: See My First Investment For The Year by Wawelexy(m): 9:05am On Feb 07, 2023
xavuv:
so,no due diligence, you did no preliminary assignment & you went and invest in to a business you know nothing about.
hmmm...dey play!
Baba calm down... That bike fit run business in many forms...

He can decides to ride it himself
He can give it out in higher purchase
He can do the dispatch biz he intended doing
He can use it for delivery
And so on

It's more insight and how to go about it that he's only asking for
Re: See My First Investment For The Year by fidelmarshal199: 11:21am On Feb 07, 2023
xavuv:
so,no due diligence, you did no preliminary assignment & you went and invest in to a business you know nothing about.
hmmm...dey play!
You should have ignored the post when you know you had no positive contributions.

Op, Dispatch Riding will be a better option because okada is banned from most of the areas in Uyo metropolis
Re: See My First Investment For The Year by xavuv: 1:32pm On Feb 07, 2023
Those questions hes asking now should have been asked before now. He ought to have made enquiries about the dispatch something he wanted to do before venturing & buying a motorbike... He made an unsmart move.
You get it now!

fidelmarshal199:
You should have ignored the post when you know you had no positive contributions.

Op, Dispatch Riding will be a better option because okada is banned from most of the areas in Uyo metropolis
Re: See My First Investment For The Year by olaeffect(m): 2:31pm On Feb 07, 2023
Wawelexy:
Baba calm down... That bike fit run business in many forms...

He can decides to ride it himself
He can give it out in higher purchase
He can do the dispatch biz he intended doing
He can use it for delivery
And so on

It's more insight and how to go about it that he's only asking for
This your thinking is why 90% of new businesses fail within the first 1yr.

Someone save a whole N300k and bought a bike before coming to ask questions as regards a line of bike business he intends to just jump into, and you are asking someone to calm down🤦

Dear Op, I have done many business in Nigeria with good planning that still failed, talk more of you that obviously did not do any planning.

You see Ibo's that do apprenticeship for 4yrs to learn a trade are not fools, and that is 90% of them that finish learning their trade succeed.

Guys, there is more to any type/kind of business than capital, just because you have the capital to buy a bike does not mean you can just start bike business.

I will advice you to just lockup that bike for the next 6months and go for apprenticeship.

Best regards.
Re: See My First Investment For The Year by Wawelexy(m): 3:12pm On Feb 07, 2023
olaeffect:
This your thinking is why 90% of new businesses fail within the first 1yr.

Someone save a whole N300k and bought a bike before coming to ask questions as regards a line of bike business he intends to just jump into, and you are asking someone to calm down🤦

Dear Op, I have done many business in Nigeria with good planning that still failed, talk more of you that obviously did not do any planning.

You see Ibo's that do apprenticeship for 4yrs to learn a trade are not fools, and that is 90% of them that finish learning their trade succeed.

Guys, there is more to any type/kind of business than capital, just because you have the capital to buy a bike does not mean you can just start bike business.

I will advice you to just lockup that bike for the next 6months and go for apprenticeship.

Best regards.
You have a point, but still dey try calm down, it's better he buys the the bike and then asked about how to use it for business than him holding on to it in the name of making enquiries and then he gradually spends it on daily expenses hereby forfeits the initial plan....
Re: See My First Investment For The Year by Peledonomy(op): 5:04pm On Feb 07, 2023
Thanks everyone, I am looking forward to hearing more suggestions. Please keep it coming.
Re: See My First Investment For The Year by Peledonomy(op): 5:05pm On Feb 07, 2023
I just need to know how to get customers for the dispatch business. Or I can still fall back to okada
Re: See My First Investment For The Year by akwesenana: 9:38pm On Feb 07, 2023
Peledonomy:
I just need to know how to get customers for the dispatch business. Or I can still fall back to okada
where in uyo?
Re: See My First Investment For The Year by Peledonomy(op): 9:52pm On Feb 07, 2023
akwesenana:
where in uyo?
Oron road
Re: See My First Investment For The Year by akwesenana: 10:14pm On Feb 07, 2023
Peledonomy:
Oron road
Ifa ikot okpon?
Re: See My First Investment For The Year by olaeffect(m): 10:35pm On Feb 07, 2023
Wawelexy:
You have a point, but still dey try calm down, it's better he buys the the bike and then asked about how to use it for business than him holding on to it in the name of making enquiries and then he gradually spends it on daily expenses hereby forfeits the initial plan....
You have a point.
They say money stay in the hands of Asians 5 times longer than the hands of any other race.

I wonder why?
I did a calculations of money that have passed through my hands in the last 5yrs, I nearly faint.🤦

But why is it that every money that comes to us must be spent?

We even do contribution only to pack it and spend.

I can bet you that nobody on the platform that has a savings that is 5yrs old i.e money that he/she save from 5yrs ago.
Re: See My First Investment For The Year by Peledonomy(op): 5:57am On Feb 08, 2023
akwesenana:
Ifa ikot okpon?
Yes
Re: See My First Investment For The Year by akwesenana: 6:47am On Feb 08, 2023
Peledonomy:
Yes
Okada dey make better money there na. Just know the agbero.
Re: See My First Investment For The Year by Peledonomy(op): 7:21am On Feb 08, 2023
akwesenana:
Okada dey make better money there na. Just know the agbero.
Seriously?
Agbero dey dia?
Re: See My First Investment For The Year by Parachoko: 7:54am On Feb 08, 2023
Peledonomy:
Seriously?
Agbero dey dia?
Is there a state wey agbero no dey for Nigeria?
Re: See My First Investment For The Year by akwesenana: 8:32am On Feb 08, 2023
Peledonomy:
Seriously? Agbero dey dia?
Sure. Which junction you wan dey work?
Re: See My First Investment For The Year by Peledonomy(op): 12:49pm On Feb 08, 2023
akwesenana:
Sure. Which junction you wan dey work?
That u turn close to mbiabong market
Re: See My First Investment For The Year by akwesenana: 4:04pm On Feb 08, 2023
Peledonomy:
That u turn close to mbiabong market
that`s timber junction right? Just go meet the agberos where the collect money tell them say you wan dey work for junction. Them go clear u as u go take run am.
Re: See My First Investment For The Year by Peledonomy(op): 5:21pm On Feb 08, 2023
akwesenana:
that`s timber junction right? Just go meet the agberos where the collect money tell them say you wan dey work for junction. Them go clear u as u go take run am.
Thanks
Re: See My First Investment For The Year by akwesenana: 6:58pm On Feb 08, 2023
Peledonomy:
Thanks
come buy me chicken.
Re: See My First Investment For The Year by Peledonomy(op): 7:50pm On Feb 08, 2023
akwesenana:
come buy me chicken.
Where u dey.

Omo, this business ne easy o. Na only 1k I don make since morning. Na like dis I wan take pay back loan wey I use buy d bike?
Re: See My First Investment For The Year by akwesenana: 8:17pm On Feb 08, 2023
Peledonomy:
Where u dey.

Omo, this business ne easy o. Na only 1k I don make since morning. Na like dis I wan take pay back loan wey I use buy d bike?
I dey barrister place. You don start work already?
Re: See My First Investment For The Year by Peledonomy(op): 9:32pm On Feb 08, 2023
akwesenana:
I dey barrister place. You don start work already?
Yes na. No dulling. Today I run for that big junction side because na dia I dey stay. Omo this hustle no easy as I bin think am o
Re: See My First Investment For The Year by akwesenana: 9:57pm On Feb 08, 2023
Peledonomy:
Yes na. No dulling. Today I run for that big junction side because na dia I dey stay. Omo this hustle no easy as I bin think am o
How do you go work 1k for full day? Abi na fuel scarcity?
Re: See My First Investment For The Year by Peledonomy(op): 9:59pm On Feb 08, 2023
akwesenana:
How do you go work 1k for full day? Abi na fuel scarcity?
Omo to hustle for passengers no easy o. Most of these passengers dey only climb bike of people wey dem know. People wey dem dey see always
Re: See My First Investment For The Year by Peledonomy(op): 10:00pm On Feb 08, 2023
akwesenana:
How do you go work 1k for full day? Abi na fuel scarcity?
Abeg u get idea how I fit get this bike wey get truck like keke for hire purchase?
Re: See My First Investment For The Year by akwesenana: 10:20pm On Feb 08, 2023
Peledonomy:
Abeg u get idea how I fit get this bike wey get truck like keke for hire purchase?
Sorry no idea.
Re: See My First Investment For The Year by bigiyaro(m): 6:05am On Feb 09, 2023
Wawelexy:
Baba calm down... That bike fit run business in many forms...

He can decides to ride it himself
He can give it out in higher purchase
He can do the dispatch biz he intended doing
He can use it for delivery
And so on

It's more insight and how to go about it that he's only asking for
this exactly means he didn't do any due diligence.
Re: See My First Investment For The Year by Kobicove(m): 6:20am On Feb 09, 2023
Peledonomy:
Omo to hustle for passengers no easy o. Most of these passengers dey only climb bike of people wey dem know. People wey dem dey see always
That's cos they're afraid they may get kidnapped or robbed undecided
Re: See My First Investment For The Year by Peledonomy(op): 8:35pm On Feb 28, 2023
I've decided to sell the bike. Its not worth it
1 2 Reply

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