styveke:
Nah wah o...

Nothing drivers eyes no go see finish for the biznez...

They called us many names, tagged us lazy and criminally minded individuals...

They rubbed bakery biznez and selling bobo and bigi coke on our face in the name of "side hustle"

Lemme not even start with problems we face with riders...

...and here is another person that wants to put us in uniforms...and chains.

I'm waiting for the smart investor that'll come and insert micro chip in our skull so as to manage us well...

Nonsense!

Lol... Funny guy

I have no beef with u. The system is just bad

Tgiirl:


Scenario 2, driver earns an extra N650 and you -N650

Ask me how.

You can't ADD N1000 to yourself cos you took the N1000 from your pocket and not from the money earned to get to the driver

The truth is

I now see some losses from a dishonest driver.

No system is fool proof.

Don't blame me for my model


I can't invest 2.2 million and break even after 24 months

There has to be a way out.


What if I have my mechanic and auto part dealer.
Driver calls that theres a fault

I call my mechanic to go check it.

The mechanic tells me the part to be replaced.

I call my auto parts guy and send one of my bike men to go get the part. This bike man locates the mechanic and gets the old part and gives him the new part..


Too long abi

Its an organized business with division of labour

Besides, any business man who wants to make profit must be organized

Now the issue of fuel... this will be difficult


As for toll gate.. That's easy

darmilolah:
This Phranex get Agidi. He sounded like my friend into bike business.

You don't even know all the risk associated with your okada business. All you are good at is formulating hypothesis and pressing calculator.

Good luck jare. I want to see how your drivers uniform will look like sef

I know the risk in bike biz which is why I want to start uber.

deedee44:

That's a good sign, gradually waking up

I'm human. No system is fool proof. I will recalculate

1899Milan:


True, tho relative.

And

In Scenario 1, there is no dishonesty, NET is N10000.

Net can not be 10k

Revenue is 10200

Gross is 10000

Driver requested for 1k

Net becomes 10 minus 1

Meanwhile in the dishonest scenario the loss is 350

In scenario 2 if driver doesn't use the 1k. It means he has 11200 as cash.. He only gives me back my initial 1k and subtracts 200 as fuel

Thus making us share 10k instead of 9k.

The loss is 350. Although he might look like he has the full 1k but its 350 he gains

1899Milan:
Phranex, you can't be "brainstorming" yet shitting on opinions.

A dishonest driver will earn more but so will you, tho smaller (% Measure).

Consider this:
Driver Requested N1000 to fix something and you provided it.

At day end, GROSS is N10,200
*** Hypothetically speaking, N200 covers fuel and other miscs.

Going by your model, that N1000 is further subtracted from the Gross which now leaves N9,000 as NET

Driver Earns 35%

Scenario 1 (No Dishonesty)
N10,000 NET
Driver gets 3500 and you 6500.

Scenario 2 (Dishonesty)
Driver doesn't use the N1000 he gets from you, thats an extra in his own pocket.
Going by the new NET of N9000, he gets his 35%, N3150 and you N5850.

Driver:
N3150 + the N1000 with him before = N4150

You:
N5850 + N1000 removed from gross (depending on how you look at it) = N6,850.

Summary:
In Scenario 1, everything worked out normal.
However, in Scenario 2, driver earns an extra N650 and you, N350.

In scenario 1

It is 35% of 9k

In scenario 2

Also 35% of 9k

I see a loss of 650 tho

chinchunchu:
Hmmm now I get, the proposal is not even about his first claim, putting drivers on 35% at the end of the month.. Its about comparing bikes remittance to car...this guy smart gan but u can't really outsmart everyone here...you actually want to convince investors about your bike biz which I know your moving towards it gradually.. Guy u try...but you are still a learner
[ author=Tgiirl post=71434817]. But can be stolen at once. How do u track it. because the last guy I bought a bike for on my farm to use is nowhere to b found till date.

Aside that, you don't even ve a car on the platform yet. Nawa o. How come you know wat works and wat wont work.

I can see the true pic now, you want investors to invest in bikes, right?
And you can help them to manage it , right?


Ko le werk.... No one is ready to be scammed.

Well, u may be lucky to see some sending you pchat to know about your bike biz... See your tactics bad gan. Those who know, knows

Nah.. Not convincing anyone..

The bike business is risky. A new govt might ban bikes in Lagos.

I honestly want to have a fleet of cars on uber but the current model is discouraging. And so I will formulate a new model for myself. By January, I will but a corolla and an android phone to test my model.

The people who ride my bikes are aboki


The person who will drive my car will be a driver not a graduate who couldn't get a job but resorted to driving on uber (no offense intended). The latter is greedy and wants to build a mansion off another's property while the former drives as a profession.

deedee44:

You lose, Brutality!
If driver lies he gets 2100 from you + 1000 he gained from lying, that's 3100 compared to 2450 if he tells you the truth.
Now you See the level of your smartness? Common driver outsmarted you

And while trying to be smart you also feel everybody here is a driver except u, you've not even bought one car and you've called people with fleet of cars drivers because they tried to correct you, not so smart afterall

Your mathematics is flawed.

That 1k was deducted from the total earnings as expenses.

He said 4k for fuel.. Total earnings is 10k

He actually bought 3k.. So he kept 1k abi..

When we want to share the 10..

We minus 4k which the actual 3k for fuel plus the 1k with him as expenses.

We now share 6k... He didn't cheat me.. He played a fast one on himself. If he likes he says the bought fuel for 7k whereas he bought fuel of 1k.. Remember he is buying fuel from my money... He has to pay the amount he used to buy fuel before we share profit.

10 minus 7 is 3

Is 3k we will share... He might have 6k with him but he gave me back the 6k as expenses.. Lol.. Not so smart after all....

UyaiIncomparabl:

What reason do I state ni

Gentlelife50:

Baba kuku focus on the okada business naa

I'm pragmatic and planning to have a contingency plan.

A new govt might come in and enforce a no bike policy

brogxy:

No one is missing any point. Focus on your bike business if that pays you more or still go on with your business plan on Uber and stop disturbing us here.
But please come back next six months to give us feedback to enable us know if we can take the footsteps. Thanks

All of u are just angry cos the model will reveal the true nature of drivers....

Yes, I will give feedback

nosanovia:

Oga you are disturbing us with your rubbish models, go and implement it joor, we can see that you are the next bill gates with your genius model, kindly excuse us, some of us dishonest Nigerian and fraudulent drivers are trying to learn, drive and earn a living. Investment in ehailing is not a do or die affair.

It is expected.

Drivers should be angry with my model because it shifts the focus of who's boss in the uber biz to the owner ( as it should originally be)

The lord is ya strength

Tgiirl:


Your 10 bikes can carry minimum of 10 riders at once and 20 at most per trip

While

1 car can carry minimum of 1 rider at ones and 4 riders at most per trip.

Common sense;
you cant compare 10 bikes to 1 car.

1 bike can never earn as much as a car,
Comfort differs greatly.

You are missing the point


10 bikes earns me 105 weekly

1 car earns 35 weekly

Cost of 10 bikes equals cost of 1 car.

If you are smart, u will know what to invest in

Meanwhile, anything happens to the car and the income stops for that week.

The 10 bikes can not go bad all at once.

Dovehorizon:

In the quest of bin smart, you will be outsmarted. I can give u a 100% guarantee on that because the system in which you want to embark on does not favor an investor.

Everyone can't be wrong at the same time, some have given u experiences they had and believe me u won't appreciate this advice until u get burnt by decisions you think were smart.
(Your thought, why should a driver earn more than an investor, whatever he makes he should get a certain percentage as commission)
Phranex, do you know what motivate drivers? that feeling of bin the boss is what does, that feeling of I must earn more than my investor is part of what motivates them. In this time and era, no one wants to be a slave for a long time especially those who know their onions and self worth.

On pen and paper the investor is the boss but in reality, the driver is (as long as ehailing is concerned).


I wish u good luck.

If u were an investor.. Your narrative will be different.

I had 2.2 million and wanted to buy a car just for uber.

I enquired about the biz.. I was told drivers remit 35k weekly..

I did some calculations and wasn't happy with the model.

I invested the 2.2 in bikes.. Bought 10 bikes at 218 each....

The 10 bikes earned me 70k weekly at 1k daily on the mainland.

I took 5bikes to lekki

5 bikes in lekki earns me 70k weekly at 2k daily
5 bikes on mainland earns me 35k weekly at 1k daily

Cumulatively, I earn 105k weekly.

If I had bought a car, I would be crying now...

I want to revisit uber business. This is why I am asking these questions..


My bikes have the capacity to buy a car for uber...

Now you tell me, shouldn't uber bring more money for an investor than a common bike

shollywendy1:

The question is this...how are you even sure you ll get more than 120k monthly after paying the driver salary monthly? Since drivers are on pay roll

Its not a fixed salary. Its commission based

Joshculler:
I have been following your post here but practically u will be at the losing end. If a driver buy 3k fuel and tells u 4k. That 1k gone out of the net profit u are suppose to share. He just stole ur 650naira so easily. If he steals 1k from u daily for seven days thats 4550 he stole. Money dsts suppose to add up to the net profit.

U said u camt delete call logs, thats very funny. You can delete call logs my brother. U dont need to clear all.

If ur driver calls u and said the car got spoilt somewhere how do u want to know if its true? The best u will tell him is to look for a mechanic to quickly repair it.. My brother, ur driver might ne inside coldstone livking ice cream while waitimg for u to send like 4k to repair wetin no dey. And even if it got spoilt and needs and mechanic tells him 3500 and he told u 5k, wat can u do about that? Even if u av a specific mechanic will ur mechanic ne with the driver 24/7 ??

Offline trips is another thing ooo. Some old drivers have long list of offline customers, and ders little u can do to monitor d car even with tracker cos on e hailling ders no specific route. All way na way unlike transport companies that have specific routes so tracking can be done.

Oga mi, u will end up losing big time

Let's say driver buy fuel 3k but tells me 4k


At the end of the he makes 10k (bad day)
10 -4 =6

The driver and I will share 6k .. He gets 2100 (35%)

He tells me the truth

10 - 3 = 7

The driver and I share 7k.. He gets 2450

Who loses if he lies, tell me?

Remember all expenses comes back to the investor as running costs... So from the 10k, the investor has expenses plus 65% of net profit


The driver loses if he lies....

If he tells me he spent xyz for repairs.. Whatever he earns , that xyz amount will be first deducted before we share the profit

E.g

He calls that the car broke down and mechanic needs 5k . I will transfer 5k to him.. He made 10k at the end of the day... What we will share as profit is 5k.. The 5k I sent will have to be deducted from the 10k...


This model is fool proof...

I will have to do some further permutations to be doubly sure tho

kneo:
Phranex

When I joined e-hailing, my then partner placed me on a 30% net profit pay. After seeing nwiiinn, he quickly changed it to weekly remittance.

Mark my words

You will also see nwiiinn

He wasn't techy

Hr prolly shared 30% with u off what u told him u made...

In my case, I own the phone and have access to the drivers account. I see the earnings...

Dovehorizon:
Phranex,

I understand your point of view but trust me, looking for ways to break-even within a short period of time isn't feasible regardless of the way u deem it fit.
With your analogy, you will end up shooting yourself.
There is no way you can checkmate or tick all boxes, ehailing favors car owners who drives on the platform and the driver to an extent, but for an investor, you get to be patient and the patience I am talking about isnt going to run for a year but two or more.

Talking about bin incharge of fuelling the vehicle, how would u feel when your driver calls u every now and then for fuel,
Let's say he is on a trip and fuel gets to reserve, he tops up with 3k and tells u he bought 4k fuel, how do u checkmate that, ohhhh I guess, u will also request for invoice, invoice can also be doctored.
You recharge his line with 500 naira airtime, a certain fraction of the airtime is used to call his chick, friends or whosoever comes to mind... He runs out of airtime, he calls u and then u load it up for me, trust me, it's gonna be tiring.

Experience they say is the best teacher, forget all the permutations you have done to recover cost and make profit, face the reality on the ground.

Lol... You know most transport coys have a specific filling station they buy fuel from?

Besides if he buys 3k and tell me 4k... Its my gain cos 4k will be subtracted from earnings.

You also know that phones keep calls log and you can't delete one . the best u can do is delete all

I know it will be a difficult process but it profits means anything to an investor, he would devote a full to study these things


The model is done in such a way that if the driver overshoots the expenses.. He loses big time as the expenditure will be deducted before he starts earning... If he under shoots, the driver and the owner both share the in it..

The model protects the car owner fully and as well rewards the driver.. The current model favours only the driver..

lexylexy:



So lemme understand what you mean by net profit. Assuming this is my work for the week.
You'll give me fuel 20k, toll 5k, how do you calculate your net profit.

Its easy... Subtract fuel ,toll, maintenance (if any), premium (if monthly) and whatever miscellaneous expenditure that came up for the month.

What is left is net profit...

That's what we will share

deedee44:

Must you invest in uber? There are 1001 businesses out there bro

Dude bereft of ideas.. Could u share a potential investment...

Chuwaa:
Phranex

You need to 'kam' down. Most of the people replying you are car owners, they know where it pinches. If drivers were to reply you, insults will be your name. You sound like a nerd, but note that book sense is not street sense. YOUR MODEL WILL NOT WORK.

Lean here, at least start from page 500 and study. Alternatively, drive for a week!
Drivers don't just drive, they plan, they position well, they study trends and zones to make even. Your model of established transport companies won't work.

I pity the pastor and poor church brother that will take up your offer. In fact labelling people greedy reeks of crass ignorance. I've driven before and I've stopped.....my own car for that matter.

The real question is why did u stop?
If a driver is supposed to remit 35k to a car owner. What happens when he is unable to do that for a week...

The problem I have with this model is that drivers don't maintain the car and they take a larger chunk of the cars earnings

Tgiirl:


Good luck with that bro.

I just dey pity the church guyz who will accept your offer thinking God has answered their prayers. Cos at the end of the day, when salaries are not been paid, u can still post them for 2 more months b4 they realized that they are only been brain washed. And on the other hand, u ve made ur cool cash and time for stories.

Anyways, it s a win win situation for you. Its ur car, they can't do anything when u don't pay. They can't collect your car from u for not paying cos they will be tagged as thieves ..

The truth be say, you re looking for those to use and dump cos u always know that model won't work. Good luck in your world of extortion

You are misunderstanding me.

The supposed salary is commission based.. You want to earn more money monthly... Bring more to the sharing table... What this therefore means is that my drivers will earn different wages on the same month. This is the model that fits the uber business

ephbe:


Bros Bros

U may have to try it out for u to knw d repercussions
it only pains me u wnt be back to tell us how far...

Everyone in d grp cant be wrong

I can bet u wnt get up to the 30 - 35k weekly deliveries with your model, you will then ask yourself which model was better.
Like someone advised u earlier
go and read up frm page 300 and start learning again
Trust me, u wld hv a rethink.

It will no longer be me getting 35k weekly but us..

If we get 35k weekly as net profit.. 35% of that is drivers

ephbe:


Bros Bros

U may have to try it out for u to knw d repercussions
it only pains me u wnt be back to tell us how far...

Everyone in d grp cant be wrong

I can bet u wnt get up to the 30 - 35k weekly deliveries with your model, you will then ask yourself which model was better.
Like someone advised u earlier
go and read up frm page 300 and start learning again
Trust me, u wld hv a rethink.

For the benefit of doubt.. I will take the pain to read it

Mykeolinks:

Its good to want to change the narrative but you ain't taking into cognizance the other expenses incurred like fuels, toll, data etc...you feel the whole 9k+ is profits

That's y I said it will be commission based....we will share the pains and gains together. Meanwhile, we will only be sharing net profit...

styveke:



You have not even visited Uber to know if they have an API to share with U?

...and all this your "I will I will" shows U are not close to being ready.

Good luck sha!

I will only go there to confirm if their api is public.. They sure do have an API.. Uber is on android and iOS..

And yes.. am not close to being ready. I'm still studying the market

Nurtay:


U've got a whole lot of work to do my dear brother. The model is dead on arrival u can bet.

No I don't.. I just have to visit uber offices and ask if they have an API.. I will integrate it with the tracker....


In the hybrid application I will create, I will permit a margin of error of 5km...


Anything thing beyond 5km is definitely offline jobs

brogxy:

By staying online? This is what I got for the day after waking up by 4 am to set out by 4.45am. this is just to tell you that the work is not like you feel. Meanwhile, I am still on my way home stuck in the traffic cos it's already my closing time

Believing me with my model. We both suffer losses and gain together .

In your current model... Only the car owner suffers.

9k is a bad day for u.. 3 bad days make up almost 30k to give to the car owner... While 4 more day earnings on a BAD day belongs to u.

Yet if the car goes bad.. U want him to repair from the 3 bad days u give to him

Tgiirl:


You don't sound like the honest type. Besides right thinkly existing driver would rather take a fixed 60k driving job of a company or rich man than driver average of 12hours on the road to get 35% from you with some many clauses

Why are u scared of 35%


You want more.. Work more... Its a simple maths


This model of remitting to the car owner benefits only the driver

obisite:



Then this is not salary,, its commission if I must say,,, salary is a Stated AMOUNT not PERCENTAGE to be paid at the end of the month.. More like you both are in partnership business..

Yes you are right. Its a partnership. Everyone puts in effort to make it work.. If the driver wants more money at the end of the month.. He does what he has to do .. Whereas I make sure the conditions to keep the car moving is met including insurance..

Tgiirl:


I think you are the greed one here with this model... Extort drivers and kick them off the grid. Why do u intend collecting all the money in the first place. I don't trust this kind of system. Is scam like! I'm sure poor drivers will for victim and when u don't paid them at the end of the month, it s a lose lose for the driver. But a win win for u.

When dead cars a given, the driver dint preform and the kick them out b4 month ends. Bro its scam ... Scam

No.. Its not greed.. I have made an investment. I need to make profit... The driver is an expenditure is my petty cash book.... Its my business.

Epphy:


Bros, you need to get more understanding about the 'business'.
There are many factors you need to consider e.g offline trips (like someone pointed out), lazy drivers can make you get less than the 120k monthly you could get with weekly remittance.
Also respect people here, stop calling every driver a thief.
Finally, when you are sure of your model, please go ahead. There are different ways of doing a business, nobody here will force you not to do it your own way. All the best!

generalfag:


How will u know when the driver gets offline jobs?

U do know some trackers keep history?

You also do know uber have drive history...


A discrepancy in the two checks warrants a penalty