i duff my hat for you

moneyMouthed:

First of all, I want to applaud the OP for his foresight and quest to break out of the rat race for though the OP isn't unemployed yet deems it fit to get another stream of income by the side. That's great!


Now, my two cents goes thus; the Keke biz is lucrative but shrouded in great risks. This is a biz that I've been doing for close to two years now. Yes, I've had my trying times but yes, I've always bounced back stronger and now enjoying the fruits of my labour. Should I tell u my secrets? Ofcus, i owe it a duty to, cos I see that's why u created this thread.


I started my Keke biz with a fairly used one I bought at the cost of N168k. Did my Union registration for 3k and then I hit the road myself (as I was jobless but determined to get out of the labor market) after four days learning of how to move a tricycle and mehn, I must say it wasn't easy at all.

I had problems of changing new spare parts when they get spoilt and mind u, most Keke spare parts are more expensive than that of cars. Yes, I said so. Go make ur research. But This isnt an argumentative thread so I mustn't digress.

I had to buy tickets daily for N100 and I had to attend our weekly Union meetings twice a Month And pay my N200 attendance fee or N1000 fine if I missed a meeting.

I faced insults from passengers who felt I was a useless person just because they see me riding a tricycle (very sad especially as am a graduate with a B.sC degree, 2:1) but I wasn't deterred Nor was I discouraged.

I had another problem of charging of passengers, as in, how much do I receive per drop over a certain distance. For like a week, I rode my tricycle on borrowed money to buy fuel (Though Keke has good economy of fuel) as I undercharged my passengers. Then I asked for advice from my co tricyclist who was into it before I joined and he saw me through this problem.

The second week after I got my tricycle, I started mastering the biz knowing the ropes and making 2-3k daily after I had fed, bought the union ticket and done my fueling for the next day. On market days, I make as much as 4-5 after my daily expenses. Multiply that by 26 days cos I don't work on Sundays and you'll get how much I made monthly.


Today, I own two brand new kekes I bought from the first one I bought as a fairly used and hopefully, I'll be getting the third one by November this year.

Note: I have stopped riding now and all I do is monitor my riders and ensure they pay me as at when due. No words, no excuses, just pay me!


This brings me to what method of handling a Keke biz is the best; riding by self, daily deliver or hire purchase.

Self riding is the best for the following reasons;

1) You own the Keke and as such, u manage it to the best of ur ability

2) You keep all the money u get to urself, you don't have anybody to pressurize u

3) If u are a good planner, you strategize and create ur wealth for urself

4) Should anything get spoilt, u know it did and u decide if u wanna buy the original or fake and u know how much u spend on such

Disadvantages
- You'll be stressed out and treated like poo even by peeps hu ain't up to u in any standard

-No time for urself,

-If you're the kind hu die for ladies, u lose out as u no more have time for them

- You may break down health wise from fatigue etc etc

DAILY DELIVERE
Advantages
- Enough time for urself
- Making money on a Daily
- No stress
- Your tricycle is in ur custody
- No sweat
- No insults from passengers (FRSC,NPF)
- No Union meetings

DISADVANTAGES
- U pay for repairs whenever ur tricycle gets spoilt
- The person hu rides for u mostly rides carelessly as they know u pay for repairs
- You're at the mercy of ur rider as s/he decides days to work etc etc

HIRE PURCHASE
Advantages
- Legal machinary are in ur favor
- You can plan more on this
- Any damage or loss of ur tricycle is paid for by ur rider and/or the guarantors
- Sweatless money
- In terms of problems, the contractual agreement you, your rider, the guarantors and witness signed already states how such should be managed etc etc
- Your rider wants to own the tricycle therefore does his best to pay up before agreed date
- You can withdraw ownership of and take position of ur tricycle if ur rider defaults in payment

DISADVANTAGES
(Coming up soon)

batstan:

Don't mind the self-centred association

kpangolo head....u see aisha burhari for their names there that u think they are getting subsidized dollars ?
o

so there are some selected few...

add me on 08038354019

that much?