₦airaland Forum

For a strong ROI and consistent income.
I plan on investing 5M in transport business.

I’m divided btw buying a CAMRY 08 for uber business or purchasing 5 keke at 1M each for hire purchase.

I need advice on the one with a better prospect.

My actual target is to save 50k/Day.
Disadvantage of running uber is me having limited time for myself.
Disadvantage of keke is higher risk and payment inconsistency.

This project is supposedly for a period of 1yr so I can save money to plan for my MSc in Canada- My family is my main sponsor but of course, I’m supposed to have a reasonable amount of money saved
I would complete my Bsc in 1yr from a private university (distance learning)

I would appreciate advice from business minded people thanks on certain details I may be lacking.

Kindly Note; My preference for the CAMRY 08 is so it can double as my personal car in moment of family or social function. Second hand value is also a contributing factor.

Emmatee1816:
For a strong ROI and consistent income.
I plan on investing 5M in transport business.

I’m divided btw buying a CAMRY 08 for uber business or purchasing 5 keke at 1M each for hire purchase.

I need advice on the one with a better prospect.

My actual target is to save 50k/Day.
Disadvantage of running uber is me having limited time for myself.
Disadvantage of keke is higher risk and payment inconsistency.

This project is supposedly for a period of 1yr so I can save money to plan for my MSc in Canada- My family is my main sponsor but of course, I’m supposed to have a reasonable amount of money saved
I would complete my Bsc in 1yr from a private university (distance learning)

I would appreciate advice from business minded people thanks on certain details I may be lacking.

Kindly Note; My preference for the CAMRY 08 is so it can double as my personal car in moment of family or social function. Second hand value is also a contributing factor.

Keke is 6 million naira guy, your best bet is do it yourself, hire purchase won't do you any good because, but if you can risk it try. If I were you I will put 4 million naira in piggyvest and get 22% and use 1 million naira to create an online biz that can do a x10 with rigorous work

ayoncox:
Keke is 6 million naira guy, your best bet is do it yourself, hire purchase won't do you any good because, but if you can risk it try. If I were you I will put 4 million naira in piggyvest and get 22% and use 1 million naira to create an online biz that can do a x10 with rigorous work

I appreciate your input. However, I confirmed a brand new keke to be 4M as against the 6M.

I don’t intend on buying a brand new keke. I bought one recently for 1M and it’s on hire purchase but the user is very inconsistent with his payment hence my discouragement.
I’ve considered fixing the whole capital at 20%/yr- sincerely the returns can barely sustain.
from a business perspective, I believe there are better opportunities out there.
I appreciate you regardless.

Emmatee1816:
I appreciate your input. However, I confirmed a brand new keke to be 4M as against the 6M.

I don’t intend on buying a brand new keke. I bought one recently for 1M and it’s on hire purchase but the user is very inconsistent with his payment hence my discouragement.
I’ve considered fixing the whole capital at 20%/yr- sincerely the returns can barely sustain.
from a business perspective, I believe there are better opportunities out there.
I appreciate you regardless.

In this season of Nigeria it's better you do treasury bill, bond or buy US pre IPOs than doing this. Meanwhile, if you know your game well you can scale the 6 m to as much as a x3, x5 or even x10 depending on your capacity and skills in growth hacking