olaboy1:


You just took the words out of my mouth. Transport business that I have invested in for many years before Uber ever dream of writing one line of code.
All these early investors and newbie greedy drivers who don’t know sh$t about this terrain all hyped up about 40k delivery, and comparing transport business with hotel business.
Very soon the thing go go skraaaaaaaa for una ears.

julietromeo:

Why is he selling the car as scrap. With comprehensive insurance, his car would be fixed and back on road.

vulpeslopez:
who dash monkey banana??drivers lie alot....if Ogunvic had 5personal cars,he won't promise 50k weekly,becos he will know it isn't possible in the long run.......**truth hurts**

dru23:

50k might be possible, even if uber increase their fare. The bottom line is no drivers will want to do profit sharing. The extra money the driver is making he will now be sharing it. For what. Most rather just pay their agreed rental and be done. Any extra from that they smart ones will save and others will squander it

Daveonoja:
shine your eye too ooo Uber does not have transfer option ooo..cash &card...don't take promises..uber has told a driver that I know there are only 2options of payment...complete the outcome

olaboy1:

Comprehensive insurance does not cover any fix if it’s not an accident.

julietromeo:

Why is he selling the car as scrap. With comprehensive insurance, his car would be fixed and back on road.

jpworld:


So easy to say. Alot of cars on Uber don't have comprehensive insurance, you are aware of that.

Some people bought cars with their last cash, they don't even have money to put plate number, talk less of doing comprehensive.

Let's change that narrative, let's talk about owners lost, and risk in his investment.

olaboy1:


The point we are making is those extras he makes for himself will render the car devalued before investors break even.

olaboy1:


The person with the major share in the business should have the highest cut.. that’s my 2cent

timifakay:


In the case of deformity arising from accident or a fatal accident, driver suffers biggest loss.
Comprehensive insurance takes care of accidents to a large extent.



Driver puts life on the line
Carry owner puts money on the line.
All nah risk, but a contented, relaxed and careful driver reduces the risk.

dru23:


It boils down to how owners manage their cars. Go back to my thread during Ogunvic41 days. People were giving out cars left and right coz they want make money. If you are passionate about your investment you will not let it get to the point that your car will be devalued. Put some checks and balance in place. Hire good team around you. I do inspection every two weeks on my cars. Take the business seriously and hopefully you will reduce you risk of not breaken even. And hopefully with a little luck you be fine.

dru23:


I fully agree to an extent. It is so crazy to see and hear drivers that wants to make more than owners by force. These drivers have to understand that it is not by force to make more than owners. When in essence the drivers didn't put a dime to buy the vehicle. They came in with zero capital and they want to double what they didn't invest in.

dru23:


It boils down to how owners manage their cars. Go back to my thread during Ogunvic41 days. People were giving out cars left and right coz they want make money. If you are passionate about your investment you will not let it get to the point that your car will be devalued. Put some checks and balance in place. Hire good team around you. I do inspection every two weeks on my cars. Take the business seriously and hopefully you will reduce you risk of not breaken even. And hopefully with a little luck you be fine.

julietromeo:
The solution to all these driver and partner issues is HIRE PURCHASE. investor should get a good corolla at range of 1.6 to 1.8m. Release it to a driver at 3m to be paid back in 18months. Investor would have his money back in a year and profit in the other 6months.
If the driver mess up, collect ur car na hin loose.
Soon it will be difficult for partners to see drivers driving their cars coz a serious driver should be able to get his own vehicle within two years of driving.

Emekayoung:

Which Aboki will collect 2500 monthly to wash ur car? Forget that thing o. Aboki don wise now o....

julietromeo:
The solution to all these driver and partner issues is HIRE PURCHASE. investor should get a good corolla at range of 1.6 to 1.8m. Release it to a driver at 3m to be paid back in 18months. Investor would have his money back in a year and profit in the other 6months.
If the driver mess up, collect ur car na hin loose.
Soon it will be difficult for partners to see drivers driving their cars coz a serious driver should be able to get his own vehicle within two years of driving.

timifakay:


In the case of deformity arising from accident or a fatal accident, driver suffers biggest loss.
Comprehensive insurance takes care of accidents to a large extent.



Driver puts life on the line
Carry owner puts money on the line.
All nah risk, but a contented, relaxed and careful driver reduces the risk.

olaboy1:


It seems you are new in the business. Since you live in the states, how are cars valued? Mileage or usage?
Are you aware there are some parts you must change at a certain mile covered?

jpworld:




The fall of Ogunvic41 and Romeo3 has given all these boys mouth. Hopefully he will rise again . You learn and come back stronger

The fall of Ogunvic41 is not bc of 50k rental.

And they are taking advantage of the situation, telling owners, is bc of 50k.

The narrative guy hides in PH when Ogunvic41 is happening, now he run his mouth.

LeJeun3:




RT @LagosUberRide: @sirnerdu @adimchinaka89 @Tweetnplay @Gidi_Traffic Last month, a taxify&uber driver fell asleep while driving & entered back of trailer at Ajah. Driver died https://twitter.com/LagosUberRide/status/969325711138881541/photo/1



Make una they sleep o

akanniade10:


When a driver knocks your engine. It's comprehensive insurance that will replace it abi

jpworld:


I have not seen owners cry about their investment, when they lost money, because of drivers recklessness.

I have been a victim, dru23 and many more others have been a victim.

We move on, you guys are here making alot of noise, about ur risk. If u can't face the hussle, quit that damn job and stop this stupid complain.

Soldiers/police put their life on the line, to protect u, how much is their salary?

Drivers pls face ur job, you are not in my shoe, you not my business adviser, stop trying to tell me wat is gud 4 me.

Buy a car and tell yourself wat is good for u.

timifakay:
I am neither a car owner nor driver on any e-hailing platform and have no intentions of being either.
All this driver must have take home that's greater than what he remits to car owner or fleet manager is greed.
How many people here who work for companies/organizations (whether big or small) can confidently say their monthly income is greater than 50% of what they make for their employers?
The only reason people are thinking and coming out to say the driver should earn more money than car owner is because he has total access all resources in the business.
In every situation I know or have heard of, investor/ employer/business owner makes more money than any employee.
Every driver that wants to take the same amount of money home with car owner is directly setting himself up for failure because that means he has to make atleast three times the amount he remits; with each third going into car running/maintenance, car owner ROI and driver income.
Example: Weekly delivery of 25k, shared maintenance or repair clause and driver wants to earn atleast 25k too means.
Weekly remit =25k
Car running/ maintenance contribution= 25k
Driver take home =25k+X
Total = 75k+X
After 3 months max one of car or driver or both will be unavailable for a greater part of a week and driver won't be able to meet up for with that week's payment and this will be commencement of problem because owner thinks his remit his small and he shouldn't have any complain, driver will think owner is inconsiderate due to his sense of entitlement which in the first place led him to believe he should earn more than car owner.
Driver will eventually suffer greatest loss because he will lose car - source of income, which will lead him to signing a worse contract on next offer.
Vehicle owner still has his car, in a worst case scenerio of car total loss he gets compensation, if driver dies he may still be the one to get claim for driver's life and pass whatever he wants on to driver's family.

Any driver who thinks the value on his life his greater than the cost price of vehicle invested by car owner should claim he has terminal disease or was kidnapped for his family members and see how much they will raise within a week if it is more than the cost of the car take it and go and buy car, then become a driver partner. If not, be humble and contented with a reasonable amount that you can easily replicate monthly.

I am not jollof, I can't make everyone happy.

Carshopper:
So yesterday I met with an awesome person who I have admired from a distance @mrsage, Great guy. More wealth boss



But guess what ... I also met with the man himself @ogunvic ... good guy I must say ...

darmilolah:



You met small but mighty Mrsage yesterday. Cool

ofime123:
Please all can I get a Toyota corolla 2003 model for 1.3m that's what have manage to save while driving danfo and some little business I do. I want to join u guys in this uber stuff and am driving it my self any advice for me.

dru23:


Yes am in the states. And have been doing the business for 7months exact as of yesterday. The issue with parts, if you read my previous thread about elantra.
At the start parts were change. Same parts were change after less than few months. We change mechanic, than we change to a new manager. So far so good, also I decided to import the major parts that are needed in the car that will last longer.
I went on eBay, eBay is your friend o. I bought shocks for$100 both back and front. Ball joints, two scanner , stabiliser links. At a good price. Those items am putting it inside the booth of my next car. Disengage the booth , a friend of mine did the same thing and nothing happens to the stuff inside the car.
I am not worried about the value of the car . My landing cost is very OK. After year or more I sell the cars. Worse comes to worse. Instead of selling the car, I will reconditioned the car over and put it back on the road. Business is all about strategy and everyone has a method to their madness. You can't compare my method to some. I have advantage my cars are tokunbo and my landing cost is almost the cost of buying very good or Grade A Nigerian used cars.

dru23:


Bro how far. You have not posted your currant earnings. Either way keep up with the good job

”Is Taxify no longer safe for women to use? This idiot of a driver by name Izedomni dropped me off in my house last night,waited outside my gate till 4am in the morning,then came into my compound to kidnap me. According to him,the money I transferred to him ‘has not entered’,therefore I should follow him to d ATM by 4am! to confirm. If his intentions were pure,why didn’t he wait till day break? Why ask me to follow him out at that time? If this is not an attempt to kidnap,I don’t know what it is. The only person I blame in all these,is my neighbour that opened the gate for a total stranger at 4am!”

jpworld:


So easy to say. Alot of cars on Uber don't have comprehensive insurance, you are aware of that.

Some people bought cars with their last cash, they don't even have money to put plate number, talk less of doing comprehensive.

Let's change that narrative, let's talk about owners lost, and risk in his investment.

jpworld:


What is keeping you from been an investor?

Invest and change the game. Or ask ur village people to invest and change the game.

In transport,

The worst deal, I have ever done is HP, I will never try it.

HP is the deal drivers take advantage of, drivers remain with you, if the car remain in good shape.

The best option is rental, if u have a good car, wen driver mess up, fire him immediately.

In transport business is all about hire and fire.