mrsage:




Assuming he earned 35k weekly. 15 months = 2,100,000.
Estimated cost of tyres 50,000. ( new 15k and 5k for used tyres ).

How about Oil change ?

Renewal of Vehicle Papers and insurance?

Then the big monster called depreciation? Provision for wear and tear.

The lucky Partner actually did not make profit in 15months.

mrsage:




Assuming he earned 35k weekly. 15 months = 2,100,000.
Estimated cost of tyres 50,000. ( new 15k and 5k for used tyres ).

How about Oil change ?

Renewal of Vehicle Papers and insurance?

Then the big monster called depreciation? Provision for wear and tear.

The lucky Partner actually did not make profit in 15months.

mrsage:




Assuming he earned 35k weekly. 15 months = 2,100,000.
Estimated cost of tyres 50,000. ( new 15k and 5k for used tyres ).

How about Oil change ?

Renewal of Vehicle Papers and insurance?

Then the big monster called depreciation? Provision for wear and tear.

The lucky Partner actually did not make profit in 15months.

dru23:


Mr. Man, are you aware that sterling bank is giving out auto loans ..read through the post and it will give you more information on how to apply for autoloan ..the loan is very simple to get ..so that your toiling days will be over.. And if you still refuse to apply for the loan, you have urself to blame .. Hurry and hurry..

mrsage:




Assuming he earned 35k weekly. 15 months = 2,100,000.
Estimated cost of tyres 50,000. ( new 15k and 5k for used tyres ).

How about Oil change ?

Renewal of Vehicle Papers and insurance?

Then the big monster called depreciation? Provision for wear and tear.

The lucky Partner actually did not make profit in 15months.

kneo:


Mr man,all partners are not like you. There are still reasonable ones out there. Nairaland is just contributes less that 2% of us.
I met my current partner here on nairaland. His HP is without any security deposit. No assurance whatever u call it.
I know another outside nairaland. He does HP only. Handles all repairs by himself for the first 6 months. ALL REPAIRS AND TYRE CHANGE AND ALL.
Initial deposit as low as 30k.
Dru, these are all humans. I wonder how you reason

Enyinne:
Everyone started some where,no one is having it easy either. The investor might be using his last dime to purchase car for transport so need to protect his investment. If it's inconvenient for the driver,he can go on rental pending when he is ready for bigger challenge like HP. We should not be having pity party, no one promised us that life is easy.Transport is a business and should be taken seriously.

uote author=Gentlelife50 post=68386989]
It may be nothing to you, but can you say the same regarding the poor driver that's just starting?

Chuwaa:


Instead of starting by 6am, start by 5:20, set your uber destination to Ajah (though it doesn't work at times). The trip will take you to island, lekki, etc.
If your trip is to VI, kindly find your way towards lekki or Four points (yellow taxi people no go allow you park sha ). VI is work area, target residential areas from 5am to 10am. From 10am, target freedom way lekki, VFS office is sure banker. , Chevron axis is also great, but mind your car.
U
In the afternoons, target VI, Awolowo road Falomo etc.

lymelyte:
what of in the evening.. Let's say from 6-9pm?

GAZZUZZ:
someone cannot practice I.T in peace again

Enyinne:
Everyone started some where,no one is having it easy either. The investor might be using his last dime to purchase car for transport so need to protect his investment. If it's inconvenient for the driver,he can go on rental pending when he is ready for bigger challenge like HP. We should not be having pity party, no one promised us that life is easy.Transport is a business and should be taken seriously.

uote author=Gentlelife50 post=68386989]
It may be nothing to you, but can you say the same regarding the poor driver that's just starting?

dru23:


Again sterling bank is offering autoloan to uber drivers...

dru23:


Again sterling bank is offering autoloan to uber drivers...

pappy2000:



If you looking for faults in human , you will definitely see, you have been screaming all day, haba not everyone is interested in your own model of business , some love HP ,some love rental, so enough of all these scenes, even if sterling bank is giving out loan for free some will not be qualified, some will not go there, abeg oga park on your lane. Enough Abeg.

Gentlelife50:

Oga why do you like making meaningful noise? Respect yourself for once naa, even if loan is accessible must everyone go for it? Read our discussion before u start quoting.

alstarmayo:
Taxify has reduced fares with the introduction of Taxify lite, fares is the same with Uber

kneo:

I have a partner that got a his corolla for a total of 1.9m.
Received his weekly pay consistently for 1 year and 3 months. The only expenditure he did on the car was to buy two new tyres and four used tyres.
Judge by yourself if it is profitable to him

pafo:


But he still had the car and its current value will still be near the 1m mark. So he actually made a profit.

alstarmayo:
Taxify has reduced fares with the introduction of Taxify lite, fares is the same with Uber

brogxy:
Taxify is really trying to stay relevant for the drivers' sake

mrsage:
Food for Thought

E hailing business.... Time To Reflect.

A wise man once said, "without reflection, we go blindly on our way".

Our business has gone through several stages. From the Cabu Cabu era to the Yellow taxi era, then the E hailing era.

E hailing came as an unexpected force and we all know that Uber ( the change agent ) has come to disrupt the market.

Now initially the going was good. Partners and drivers made good money.

Then gradually, fuel price increase and recession raised it's ugly head. Our dear Uber also decided to reduce fares. We all know the story.

Now my question is this: Are we really making Profit? And if the answer is Yes, at what cost?

Partners, drivers and stakeholders in the house , let's have a honest conversation.

Carshopper:


The big truth is that the Lucky individual out of all parties is the driver.. he doesn't have to wait 2years to start reaping TOO

Your ROI starts roughly 10months .. within that period u may have changed drivers twice, had a lay off period to rethink, had a downtime period of 1month or two etc.

Asset may b involved in total loss (insurance will cover to an extent).


The driver comes with basically nothing ... but he is able to take care of needs (defaults happen more because driver also has needs to be taken care of)


The basic truth is every partner goes into the bizness with different plans. Some plans don't look into ROI over long term, some take into consideration what need can I take care of putting my vehicle on e-hailing.


Till you understand what made you venture into e-hailing as an investment, then will you be able to accommodate how u profit/loss account.

Carshopper:


The big truth is that the Lucky individual out of all parties is the driver.. he doesn't have to wait 2years to start reaping TOO

Your ROI starts roughly 10months .. within that period u may have changed drivers twice, had a lay off period to rethink, had a downtime period of 1month or two etc.

Asset may b involved in total loss (insurance will cover to an extent).


The driver comes with basically nothing ... but he is able to take care of needs (defaults happen more because driver also has needs to be taken care of)


The basic truth is every partner goes into the bizness with different plans. Some plans don't look into ROI over long term, some take into consideration what need can I take care of putting my vehicle on e-hailing.


Till you understand what made you venture into e-hailing as an investment, then will you be able to accommodate how u profit/loss account.

deedee44:


The driver comes with driving skills, and TIME (to drive the car upandan to make money).. something the car owner cannot afford

dru23:

Carshopper:


driving skills ke... please don't quote this outside o... driving skills and drivers don't know about driving management ... having accidents upandan ...


when u talk on Time... the partner is hit more... do u have a idea of how much time it takes on ROI? drivers time is calculated to best possible reach (peak period - off peak ). partner time is calculated with uncertainty. Abeg no make me talk too much this morning ... na money I wan find so