If You Are Uber Partner In Lagos, Please Share Your Experience Here - Business (1018) - Nairaland
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| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 12:22am On Sep 18, 2018 |
bassette:Can't happen... do you know the KG each party brings to the table |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by darmilolah(m): 12:57am On Sep 18, 2018 |
The day drivers will corner this carshopper. They will just tie him up with all the narrative that he's always changing. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 5:06am On Sep 18, 2018 |
darmilolah: ![]() |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by alstarmayo(m): 5:53am On Sep 18, 2018 |
Some partners just want to collect money, drivers will be begging them to do repairs and maintenance, they will be begging you to keep managing it MobilityExpress: |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by alstarmayo(m): 5:55am On Sep 18, 2018 |
Because their eye dey shook for the money, but I remember vividly you were always against it, because they will over use the car darmilolah: |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by pafo(m): 6:25am On Sep 18, 2018 |
MobilityExpress:I am very much interested sir, just in case you do not already have drivers for them. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by herocz: 7:04am On Sep 18, 2018 |
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| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by dyemida(m): 7:59am On Sep 18, 2018 |
Please has taxify paid anyone? |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by sweetguy10(m): 8:07am On Sep 18, 2018 |
Oluwabengz:Thanks for the input |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by sweetguy10(m): 8:07am On Sep 18, 2018 |
bassette:Thanks much |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by sweetguy10(m): 8:09am On Sep 18, 2018 |
Tgiirl:Thanks much , I appreciate your input . |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by MobilityExpress: 8:10am On Sep 18, 2018 |
GAZZUZZ:Inside my head, i’m an introvert ![]() |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Vested(m): 8:11am On Sep 18, 2018 |
MobilityExpress:They will come for your head soon with talks like "this biz is nothing without the driver", and that's after they've dropped partner's car at Rafiu's workshop while moving to the next victim. Conmen are just the order of the day in Naija's biz environment. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by ifyeez: 9:38am On Sep 18, 2018 |
dyemida:Got paid since yesterday afternoon man. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 9:40am On Sep 18, 2018 |
alstarmayo:Lol... That s very common bro. I'm sure all partners do this. I once did that to a guy that drove my car for 2week b4 I took it back and drove it myself again. I do manage my car like DAT tho and expected the driver to manage it that way and wen it got broken , I stylishly blame him cos d damage happened wen he drove it. Been a partner no mean say money dey. Some partner are living in property looking for whom to breakthrough from. And I like some drivers, they love to paid from their own pocket in other not to default believing that 2mrw will be better in ehail ( that's the type of driver every partner wants. Weither he earn or not... Rentals must enter)Such is life |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 9:45am On Sep 18, 2018 |
Vested:Can your car drive itself? Answer the question and edit ur post. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by MobilityExpress: 10:05am On Sep 18, 2018 |
alstarmayo:This is one very strange logic I found on this thread that I still don’t understand. And I find it equally surprising how many investors here have embraced it, whether grudgingly or otherwise. But the thing is, everyone has their own perspective or understanding of what works for them and it’s better for everyone to do whatever works for them. Now, in relation to your statement, let me just say share my own PERSONAL perspective and understanding that works for me: An investor spends as much as 2.5m to buy a tokunbo car (let’s say a 2007 corolla) and put on the Uber platform. 2.5m includes money to - pay for the tokunbo car - pay to fix one or two things or issues that came with the car - pay for general servicing (fluid changes like engine oil, transmission oil, coolants etc), parts changes like brake pads and/or lining, etc) in order to begin your own service history afresh because you don’t have the service history record of the last user abroad and since it’s for commercial use it’s better to do a comprehensive service before starting - pay for comprehensive insurance - pay for tracker - pay for vehicle registration - pay for Uber and Taxify registration - pay for the logistics involved and other miscellaneous Now the investor invested in the business to make profit, it’s not a charity organization. Now the average ROI he receives weekly is 35k, which means it will take approx about 72 weeks (1 year and 5 months) just to recover the capital invested alone, in an ideal situation where all things perfect and the 35k is paid consistently all throughout the period! But 72 weeks is not a small time and in practicality all things will not be perfect in that 72 weeks. Therefore, if we consider and make allowance for unforeseen circumstances etc, it might take 2 years just to recover his capital. So then what’s his profit? Simple, the value of the car is what every John Doe would say. But for the critical thinker, who can see outside the box, that’s not a good place to be, in fact it is a gamble where there a higher probability to lose than to win. Because the state or condition of the car in 2 years isn’t guaranteed and it is dependent mainly on the driver’s usage. So in 2 years, figuratively speaking, the car might be a dead car, a nearly dead car on life support, a car in coma, a car in average condition or a car in good condition. But the fact is, whichever the case is, the value of the car has significantly depreciated. Right now (September 2018), the average market range of a Nigerian used 2007 Corolla in pristine condition might go for around 1.5m assuming, but 2 years from now (September 2020), there is no way the car will be worth that much. A Corolla in pristine condition then might be around 700k, who knows, as the demand for Corolla might have dropped drastically. And that’s even for a personally used Corolla, now imagine if the buyer discovers the car was used for Uber for 2 years, it’s either the buyer runs away or offers you a ridiculously low price. Because he believes the car will be prone to plenty repairs due to heavy use. So to rely on the value of the car as your profit is blind gamble. You might win (if lucky) or you might lose (most likely). There’s no certainty with the outcome. The associated risks are just many and too dynamic to control. So it’s not wise for any sensible investor to depend on the car’s 3rd / 4th hand value as profit. I said 3rd / 4th hand value because this is a car that was driven for commercial purposes, not personal, so it has a faster depreciation rate and higher wear and tear. So to call it a 2nd hand car might be tantamount to an exaggeration or a subtle lie. Because of this factors, any serious investor that’s serious about making profits has to factor in his profits with the ROI generated during the cars usage. So then, we already established it might take approx 2 years to make 2.5m capital back, then depending on what the investor sees as profit, but for the sake of illustration, let’s say 2m, then it might take another approx 58 weeks (1 year, a month and half) in an ideal situation. But the situation can never be ideal. It will be real. So in reality it might take a year and half), if we factor in the realism of the business. This makes it 3 1/2 years. Let’s round it up and say 4 years. So looking at this business critically and practically, a 2.5m investment of a tokunbo car in perfect condition to run on Uber and Taxify will only be profitable with CERTAINTY if the car runs for 4 years at 35k weekly. 4 years is not a joke! That’s the time it takes to graduate from a social science course in a private Uni in Nigeria. 4 years of hard labor on a car (even though properly serviced within that 4 years) driving on our bad roads shared with many crazy road users will still take it’s toll on the car and eat its pound of flesh. So the state / value of the car at that point is almost negligible. And if it’s has average value, then you know heavy money has been invested into its upkeep. Now if the 35k weekly is going mainly as an ROI to the investor, then someone still wants the investor to take out of the same money for vehicle maintenance, then that person is a joker. The investment will crash and then investor will ultimately never make any profits but also will eventually lose his initial investment. People need to understand that until they make their capital back, they have not even started business at all. This is the undiluted irrefutable truth. Therefore, the only feasible recovery plan and path to profitability is for the car to generate not only the investors ROI weekly but also money for maintenance. In other words, the car operates on a dynamo system, the investors job is to kickstart it (make an investment of a car in excellent condition), then the car runs itself continuously by itself without needing the investors to pump in more money endlessly like pouring water inside a leaking basket. There’s more to say but i’m tired of typing do now. Maybe later today (or tomorrow or next week, or next month ) when I’m in the mood again and have the time, I will re-edit this post and add the other things I want to include. After I finish the investors perspective, I will also add from a driver/partners perspective. But as a further reminder, this is personal to me, this is what I believe and know will work for me, so nobody should take it as a blueprint for everybody. Do whatever makes you happy as an investor, but whatever you do, try not to lose your investment because i’m yet to meet anyone that was happy he lost his millions for nothing. And for anyone that’s not in agreement with my post or has objections or angry about it, just ignore the post, no need for endless arguments, confrontation or bitter utterances. I will not respond. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by MobilityExpress: 10:10am On Sep 18, 2018 |
Vested:Hehe, i’m not afraid of anybody. They are not the ones feeding me and i’m not the one feeding them. So basically we have no business arguing. I won’t even respond. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Josiah360: 10:11am On Sep 18, 2018 |
slamstanlee:Thanks. Will check him out |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 10:18am On Sep 18, 2018 |
MobilityExpress:You are absolutely right. This is the reason why I don't like investors comparing a landed property with car. 1. Cars ve short life span (say 4years commercial, 8years personal use) 2. Buildings have long life span( 30 years atleast) Cars for both purpose is more of a liability than asset. If u are using ur spare car at home for uber/Taxify.. Excellent profit Nigeria used in prefect conditions. Good profit Original toks (not the fake refurbished naija used cars) fair profit Dead cars .. Bad profit. I.e earn and spend on d car As for car servicing and major repairs, no driver will take that offer. Well u make be lucky to get one. Buying and selling of cars is the real deal to make short term profit. And not ehailing biz |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by walearoy(m): 10:25am On Sep 18, 2018 |
im yet to be paid o is it safe to panic |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by mcadebola: 10:27am On Sep 18, 2018 |
To cut the long story short........ Drivers should take care of maintenance ![]() Nothing stops partner from driving themselves though......... There is no rule book that says a partner must buy a car for driver to use if the venture doesnt look promising But the implication of this post simply says........ Partner buys the car and puts it in good condition and thats it.... oh well....... MobilityExpress: |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Vested(m): 10:33am On Sep 18, 2018 |
MobilityExpress:Tgiirl , I think this should be for you. Meanwhile, on this question you asked me... Can your car drive itself? Answer the question and edit ur post. Soon, AI will make that possible. In the meantime, we will devise means to deal with conmen in driver's tuxedos. Sorry I had to use your post to make a reply, MobilityExpress . |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 10:44am On Sep 18, 2018 |
Tgiirl:WRONG AGAIN |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by taxiappguy: 11:26am On Sep 18, 2018 |
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| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Nobody: 11:59am On Sep 18, 2018 |
Very sound analysis, wish all would be partners are learning this. When I say Uber Don cast, e don cast except for two categories 1. Partner driver 2. Very solid Nigerian used car. I know a lady that lives in Asokoro, works in Asokoro, with fantastic roads (not Lagos roads) her Matrix is such in an excellent condition put up for sale, infact, she's was shocked getting an asking price above the cost price 4 years ago. MobilityExpress: |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by oluwaseunla(m): 12:17pm On Sep 18, 2018 |
Tgiirl:The bolded above is very wrong sir. |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by dru23(m): 1:39pm On Sep 18, 2018 |
Chuwaa:
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| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by dru23(m): 1:41pm On Sep 18, 2018 |
darmilolah:
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| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by jayooh: 1:51pm On Sep 18, 2018 |
mymotong:Mr I have tried reaching you on phone. Need to know your charge for tracker installation |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Phranex(m): 2:03pm On Sep 18, 2018 |
Hey guys, is taxify/uber still profitable |
| Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 2:44pm On Sep 18, 2018 |
Phranex:Yes, only that new investors just won recoup their capital within a short period. Ehailing is not MMM |
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