northbird:


I'm glad you said you make 60k just working 4 days. To make that same 60k on Bolt you need to do over 100k gross ,that will take you 4-5 days ,working long hours.

100k gross scenario
Bolt commission- 25k

Fuel - 20k

Cash balance- 55k.

You can see the figures are not really impressive.

That's why investors no longer put up cars in the business and Bolt is luring owners of 98 -2002 cars to sign up.

HonourablePomk:


Wait is it that this e hailing is no longer lucrative? This your estimate for bolt is correct.

OralB please how much commission will you pay on 100k and how much fuel will you use to gross 100k on bike and how much is your net profit at the end?

easytig:
No more lucrative like before but still manageable , imagine only renewing cars paper is now 24k a year, insurance 15k,road worthy 6k, vehicle license 3,5k,if you mistakenly drive with a day old expired paper ,20k fine is waiting from lagos government.engine oil is now pricey at the moment,just serviced my vehicle and I have spent 30k already, battery nko is now expensive, quality ones are 40k and above.all these factors eat into the earnings of partners and drivers.

easytig:
You want to use somebody property to hustle and you reside in the bush with terrible roads,you better come and stay where there is civilization

AlNur:


You want to make down payment for a manual car on high purchase?

YeyeGbami:
Abuja drivers, na una cashout season be this.

Snrman1:
why u talk so boss

Swearing in of BAT

All loyal, hypocritical and sycophantic party members would be trooping into Abuja either by air, land or sea

izzou:


Swearing in of BAT

All loyal, hypocritical and sycophantic party members would be trooping into Abuja either by air, land or sea

HonourablePomk:


Wait is it that this e hailing is no longer lucrative? This your estimate for bolt is correct.

OralB please how much commission will you pay on 100k and how much fuel will you use to gross 100k on bike and how much is your net profit at the end?

OralB:


Uber charges 15% commission, so on 100k you're definitely paying #15k commission but I don't even do mine like that because Uber automatically deducts their commission so I don't sum their commissions with my earnings. I don't.
Regarding the fuel, I fill my thank every time before setting out and it's 12L daily which is about #2,300. With this I'm sure of making a minimum of #17k which is minus commission as I don't add my commission to my earnings at all. I think the least I've made on a daily (Uber+offline) since I've started this hustle has been 11k and it was because I closed very early because of something urgent. By the next day I made 8k first with the remaining fuel. So long and short, with my full tank of #2,300, I'm sure of making #17k on an average and a minimum of #15k take home minus money for fuel. I don't calculate fuel and commission with my #60k weekly take home.

Masterkleenlaun:



In short, Uber bike delivery is very lucrative....hmmmn...what a world!

This life, one should not look down on anybody no matter d type of work they do....who would have thought those guys running up n down Lagos delivering stuffs are making this much monthly...kudos

OralB:


Uber charges 15% commission, so on 100k you're definitely paying #15k commission but I don't even do mine like that because Uber automatically deducts their commission so I don't sum their commissions with my earnings. I don't.
Regarding the fuel, I fill my thank every time before setting out and it's 12L daily which is about #2,300. With this I'm sure of making a minimum of #17k which is minus commission as I don't add my commission to my earnings at all. I think the least I've made on a daily (Uber+offline) since I've started this hustle has been 11k and it was because I closed very early because of something urgent. By the next day I made 8k first with the remaining fuel. So long and short, with my full tank of #2,300, I'm sure of making #17k on an average and a minimum of #15k take home minus money for fuel. I don't calculate fuel and commission with my #60k weekly take home.

chiste1:


You didn't mention your brand of car you use for the business.

Na bike oh

izzou:


Na bike oh

easytig:
You want to use somebody property to hustle and you reside in the bush with terrible roads,you better come and stay where there is civilization

OralB:


Uber charges 15% commission, so on 100k you're definitely paying #15k commission but I don't even do mine like that because Uber automatically deducts their commission so I don't sum their commissions with my earnings. I don't.
Regarding the fuel, I fill my thank every time before setting out and it's 12L daily which is about #2,300. With this I'm sure of making a minimum of #17k which is minus commission as I don't add my commission to my earnings at all. I think the least I've made on a daily (Uber+offline) since I've started this hustle has been 11k and it was because I closed very early because of something urgent. By the next day I made 8k first with the remaining fuel. So long and short, with my full tank of #2,300, I'm sure of making #17k on an average and a minimum of #15k take home minus money for fuel. I don't calculate fuel and commission with my #60k weekly take home.

OralB:


Uber charges 15% commission, so on 100k you're definitely paying #15k commission but I don't even do mine like that because Uber automatically deducts their commission so I don't sum their commissions with my earnings. I don't.
Regarding the fuel, I fill my thank every time before setting out and it's 12L daily which is about #2,300. With this I'm sure of making a minimum of #17k which is minus commission as I don't add my commission to my earnings at all. I think the least I've made on a daily (Uber+offline) since I've started this hustle has been 11k and it was because I closed very early because of something urgent. By the next day I made 8k first with the remaining fuel. So long and short, with my full tank of #2,300, I'm sure of making #17k on an average and a minimum of #15k take home minus money for fuel. I don't calculate fuel and commission with my #60k weekly take home.

Felicity001:


omo omugo ati alailaanu, baba e fi sperm re sofo lati bi o

Snrman1:
why u talk so boss

YeyeGbami:


Presidential Inauguration.

Viking07 you go do give away

if 2 say i dey that way na dollars i go dey target
Grab it, snatch it and run with it

easytig:
No more lucrative like before but still manageable , imagine only renewing cars paper is now 24k a year, insurance 15k,road worthy 6k, vehicle license 3,5k,if you mistakenly drive with a day old expired paper ,20k fine is waiting from lagos government.engine oil is now pricey at the moment,just serviced my vehicle and I have spent 30k already, battery nko is now expensive, quality ones are 40k and above.all these factors eat into the earnings of partners and drivers.

pope191:


When view like this pop, it somewhat left me indifferent. I may not understand why insurance sky rocket from 5k to 15k, but I feel the rest are understandable if we put inflation into consideration. Take a look at 3 years ago, almost everything is double the price. From bread to pure water, I remember when Coro used to be 1.8/ 2m for toks. Today! Hmmm...

We complain about ehailing, but always forget demand and supply are the two forces that determines the outcome of the trade. Can we really put an estimation to the total number of cars we have on ehailing today? I remember very well, some time ago, Berger to Surulere used to be 1800/2000. Berger to Ikeja, 700/1000. Island 2800/3200. These prices are without surge and surge doesn't seem like part of business. Any driver that makes above 10k, is seen like a lucky champ. The best an average driver can make is between 15/18k those days. But today, anything less then 20k is not really a good day, drivers can go as far as doing 30k in a day... so is it not obvious things are not like the way it used to be.

Now, let's even put the users into consideration. If someone lives at Berger for instance and work on the Island. She took a ride of 4k to work in the morning and 4k back after work. That's 8k and we'll all agree 4k is not even obtainable from island to berger during peak these days. So let's say she spend a total of 10k per day. That's 240k for 24 days. If such person takes 400k home, what is left of her salary? How many people working on the island that do truly take 400k monthly? They still have rent to face. Truth be told, transportation takes the better part of an average Lagosian's salary.

Life is never easy, ehailing wasnt design to make anyone super rich, infact! Nothing on the ordinary scale of life that was design to make anyone super rich. We just have to think outside the box. Ehailing do has it threshold and there's nothing anyone can do about it, else we want riders to be paying x2 of what is obtainable now.

Another easy way out is putting multiple cars like 6, that way you can be getting passive 700k monthly. ask people that has tried it before delving sha

izzou:


I understand your point, but the truth is that these fares are ridiculously cheap.

My friend's mum came from the SS to Lagos, and i was to take her to her hotel on Airport road. The GIG bus was to drop her at Anthony. I was waiting for her and i negotiated with those old cabs. They said 4k last. I checked Bolt; 1,700.

My aunt came back from Abuja and landed at MM2 around 9pm. Bolt was showing 3k plus to Festac. I was having difficulties ordering so i told her to use those Airport cabs. She paid 9k that night.

Compared to the service, the price is too too low.

pope191:


This calls for a deep tot. We always have this saying that Bolt has pushed baba Iyabo out of business. Airport drivers are angry with Bolt drivers. How true is this? Are these guys truly out of business? They used to have a taxi pack in my area. Every morning wile coming out, I always pity for them, because I don't know who will leave a cheap service for them. The are no longer there again. I guess they hot tired if sleeping their eyes out. Now back to baba Iyabo, you barely see them in the day, this I am certain. At night around 12 midnight, you will see the sleeping on their bonnet waiting for clients to devour (jokes). I won't take opportunist as business. As much as I wish to have their kind of heart and peace of mind. If I don't see ride for an hour, all my body will be itching me. For them? They don't mind coming out and going home empty. So I think.

For the airport camry guys? Here is one business model I am yet to study. A guy once told me to invest in it with a return of 150k weekly. Paper work is always easy. I honestly don't know much about airport rides, but I know they have low turn around time compare to ehailing.

izzou:


I understand your point, but the truth is that these fares are ridiculously cheap.

My friend's mum came from the SS to Lagos, and i was to take her to her hotel on Airport road. The GIG bus was to drop her at Anthony. I was waiting for her and i negotiated with those old cabs. They said 4k last. I checked Bolt; 1,700.

My aunt came back from Abuja and landed at MM2 around 9pm. Bolt was showing 3k plus to Festac. I was having difficulties ordering so i told her to use those Airport cabs. She paid 9k that night.

Compared to the service, the price is too too low.

izzou:


People still use them oh

Right while i was waiting for my guest, buses dropped off passengers and they were using Baba Iyabo.

If Baba Iyabo can do 3 trips in a day, he will net what more than 80% of Bolt drivers have been labouring since 6am.

It's good that Bolt is allowing 1998 models. Those kind of cars are what is commensurate with their fares, tbh

pope191:


Well, I barely seen them during the day, maybe island is not part of there route. And about bolt bringing 1998. I think uber has always allow from 2000. Allow 1998 is one thing, riders not kicking them out of business is another.

izzou:


People still use them oh

Right while i was waiting for my guest, buses dropped off passengers and they were using Baba Iyabo.

If Baba Iyabo can do 3 trips in a day, he will net what more than 80% of Bolt drivers have been labouring since 6am.

It's good that Bolt is allowing 1998 models. Those kind of cars are what is commensurate with their fares, tbh