pope191:


I don't usually do Bolt unless there's surge. Bolt without surge will obviously get me thinking of another way to get by with life. My first day on ehailing (uber) 11am to 1am. Drove empty home after watching farmcity girls was 3k after gas and commission 100% introvert from the mainland seeing another side or life on the island you can imagine.

But as a one time soldier, you should know Bolt takes from A and gives to B. At the end, it is the gross that matter and not trip per head.

I would really love to see a car owner on Uber giving us a comprehensive analysis on how he broke even.

Because to be honest, with the rising cost in prices of everything this hustle needs, i wonder how it is feasible; I am not saying it isn't oh

Almost every force is against this hustle...I have never heard of prices of parts and oil decreasing, but the fares are the same for most periods.

The fare is even against the hustle

izzou:


Most people use Baba Iyabo to carry load.

Go to markets, and you'll see people using them to carry goods.

Itsrm:


The cab that used to take my friend to Luth charges 18k daily. He picks him up in the morning, waits for him and latest by 3pm, he's back. He said the driver buys fuel of 3k and pockets 15k daily. Soft work . Imagine the mountains a Bolt driver will move to net 15k

When I asked why he doesn't use Bolt, he said the road to the place he was staying was bad and quite some distance from the main road. It was very difficult if not impossible getting a bolt driver.

I see them in markets naa

The money those guys make on a good day is the net earnings of a Bolt driver in two days

Imagine netting 15k with enough time to sleep under a tree.

izzou:


I see them in markets naa

The money those guys make on a good day is the net earnings of a Bolt driver in two days

Imagine netting 15k with enough time to sleep under a tree.

pope191:


Yes I just tot of this. They have a local name for them. Boss we still deh funky and tosh. The moment matter don enter going to market to be loading car. That car is about to kick bucket. Still goes down to needless stress a man in is 50/60/70s should not be facing.

They are things I don't want to be talking again. Like I always say ehailing is a trap one getting out should take his/her time to find something more worthwhile and not all this slight comparison. Have you observe the numbers of young able guys doing security lately? Sometimes I wonder how much they pay them and if they are not wasting their youthful age. My ignorance, I always see them from the angle of lazy folks, but life maybe having a toll on them inbetween.

Itsrm:


The cab that used to take my friend to Luth charges 18k daily. He picks him up in the morning, waits for him and latest by 3pm, he's back. He said the driver buys fuel of 3k and pockets 15k daily. Soft work . Imagine the mountains a Bolt driver will move to net 15k

When I asked why he doesn't use Bolt, he said the road to the place he was staying was bad and quite some distance from the main road. It was very difficult if not impossible getting a bolt driver.

Itsrm:


Those men no like stress

Uber driver go dey move Lagos up and down.

For them, one Lagosian is enough to move for a day

izzou:


I am not saying people should leave the hustle.

I am simply saying we should really understand what it takes to break even; If there is somebody that has, he should educate the thread on how he did it.

The ridiculous fares makes it longer to break even in comparison with the rising cost of parts.

I entered this bus last year August to Abuja. I paid 17,100

I entered it last week to Abuja. I paid 23,500.

As long as their fares are dynamic, they can break even as expected

pope191:


How much do you think a Bolt guy will take for such? I go to Abk for 25/30k anything less then that? Forget it. I have a client I use to take to airport for 6k, not up to 20 mins. With time he start giving me 4k to 3k... mo ya run away before e enter 2k. I realise he start using someone I know that takes low. I felt like telling the guy, but something just ask me to ignore. If they both like there business, happy for them.

I use to tell clients transport business does not have a fixed price. It is all about your negotiation prowess. Same ride you will take for 10, someone will do it for 4k. I have my price and won't do what I'll regret and won't advice them to do what they will regret too. That 18k, someone will glady take 10k for it. Never a fixed price boss.

izzou:


I would really love to see a car owner on Uber giving us a comprehensive analysis on how he broke even.

Because to be honest, with the rising cost in prices of everything this hustle needs, i wonder how it is feasible; I am not saying it isn't oh

Almost every force is against this hustle...I have never heard of prices of parts and oil decreasing, but the fares are the same for most periods.

The fare is even against the hustle

Itsrm:


It's not a question of much a bolt guy will take for such. Its a question of the amount bolt will charge for such. The comparison is between the amount Taxi cabs charge and what bolt charges. The main point is to show that bolt is still cheap regardless of the increased earnings.

pope191:


On transport issues, I brainstorm a lot. What is the cost of this bus. Is this the only bus going to Abuja? Do you know someone can as well enter 10k to Abuja from Lagos? It is about your convenience, you took a preferred bus and this is the point I say it is more than transportation, but service rendered. Maybe when will learn the difference, we will start seeing things from different angle.

NB : you can't compare highway transportation to ehailling. With the insecurity and risk involved? I wont play God to gamble with fate, because He is the only one that knows tomorrow, but highway? Make they no call person to come carry em car for Ore one day or big bros are asking for their cuts after grabbing men

pope191:


Boss I'll say don't put beyond 1.6m as start up capital. If you can do 25/30k a day. 4 days that's 100k/120k weekly, 400/480k a week.

Gas 20k/23k
Commission 10k/12k

Take home 70k/85k weekly

My car doesn't really cost much to maintain and I use groundnut oil not more then 10k to service at every 3k. Truth is ever since I have been driving, I have not been thro any regrettably stress or borrowed money to fix car. I am always grateful self when car breaks down and I need like 3 days to fix. Time to rest and brainstorm... always a positive vibes to take out in every situation

izzou:


You are not getting my point, bros

I am not saying it wasn't my choice or that you can't get to Abuja cheaper

I am saying that if they planned on recouping their investment on that bus in 2 years, they would do all they can to meet that deadline

That means if the prices of its parts changes, the fare must change
If the price of fuel changes, the fare must change
If the prices of tyre and Engine oil changes, they will look into the fare

It is not the same for Uber. Even if dollar goes to 1600, the fare remains the same. That will definitely elongate the stipulated time to break even.

That's my point

NB: That bus is about 35 million now

pope191:


Eweee 35 million jakpa! Jakpa!!

Ehaill

izzou:


So with 85k weekly (Lets keep 10k for maintenance and peg it at 75k)

So with 75k weekly, i will recoup my investment in 30 weeks?

7 months?

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

obinoral1179:
I never knew uber are into delivery with bike..... How are you coping with the taskforce in Lagos and ogun.....

chiste1:


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

Pearl1910:


An average Dispatch Rider makes much more than that. OralB uses mainly Uber that's why. Normal dispatch rider can carry things for more than 5 people on one trip from mainland to island and vise versa. Before he has completed one trip he has made 10k in total. 2k here 2,500 there. 1,500 here 2k there.
I never look down on anyone, even aboki that pack waste have money.

OralB:

This may look unbelievable but it's very true. The longer you are on the business, the more number of offline clientele you build and it stops Uber from assigning us one delivery at a time. The day I made about 28k take-home, I honestly didn't use more than #1,500 fuel and I closed very early too because I ran so many offline jobs simultaneously. Everyday no just be Christmas Sha.

izzou:


Please try and create a fleet.

If you make 60k a week, give it on rentals for 50k.

Broker deals with organisations, especially in market places. You can cut a deal with the sales person that he would get some percentage if he let you pick orders for his customers.

This is much better than Uber, bros. The only thing is the risk....But God dey

OralB:
Thanks so much for the advice.
I'll just stick with my current hustle.
Izzou.
TheModerator.
Felicity001.
Northbird.
Gentlelife50.
Thanks to you all.

northbird:



Izzou has given you the summary.. ROI on Uber/Bolt is very poor either as a partner driver or investor. It sucks. How can Keke riders be paying up keke in a year ? and you can't do same with a corrolla.
Ehailing companies with stupid fares.. #600 for air-conditioned taxis. Keke won't even look at you twice for #600 charter.

Last year . Bajaj okada was 400k. Delivery is 9k weekly, or 40k monthly based on your rental agreement. In a year, you would've recouped your initial investment.
You can't try that with Uber..

izzou:


I would really love to see a car owner on Uber giving us a comprehensive analysis on how he broke even.

Because to be honest, with the rising cost in prices of everything this hustle needs, i wonder how it is feasible; I am not saying it isn't oh

Almost every force is against this hustle...I have never heard of prices of parts and oil decreasing, but the fares are the same for most periods.

The fare is even against the hustle

MrCarter577:


Do you buy parts every week?

izzou:


Nope

But you can buy every month. Pads, bushings can be changed often

Servicing happens almost a month

MrCarter577:



You are making it sound like you spend all your earnings on maintenance. 6 months changing of pads/bushings is not often.

Itsrm:


It's not a question of much a bolt guy will take for such. Its a question of the amount bolt will charge for such. The comparison is between the amount Taxi cabs charge and what bolt charges. The main point is to show that bolt is still cheap regardless of the increased earnings.

tojahh:


If you book a bolt driver on App from morning till 3pm. You will pay more than 18k. Surge or no surge sir. When the paid waiting is activated (Since it's home to Luth and wait. Then the rider would put a stop which starts counting once they get to Luth) so by 3pm he would be handling with transfers of excess of 18k

No Cap