Last week I started bolt with fuel of 25k.
After all the drive.
My net income after bolt commissions was 20k.
I lost 5k.
On Sunday I bought fuel of 30k and the thing had enter reserve already and my net income after bolt commission is 26k.
Losing 4k already.
I think I have to give up

😭, sending you hugs.

Maybe you should quit or ask from experts what you are doing wrong

1.You have to find a areas that are pick period and profitable.
2. Don't just be moving around park so where need a busy hotel, airport, malls, cinema, eatery, big offices etc.
3. When you receive a request check the price against the traffic before accepting.
4. Also let people know you do car hire...which is more profitable, you can charge premium offline. Make sure they're people you know or a referral to avoid carrying kidnappers, ritual killers, armed robbers etc.

Sirchiboy:
Last week I started bolt with fuel of 25k.
After all the drive.
My net income after bolt commissions was 20k.
I lost 5k.
On Sunday I bought fuel of 30k and the thing had enter reserve already and my net income after bolt commission is 26k.
Losing 4k already.
I think I have to give up

Don't give up yet.
Just keep on doing it, and in no time, you will find your feet, and your way around it.

You're still in the learning phase, so see those losses as dues.

Nothing good coms EASY.. Just 2 days u wanna give up.... Well

There must be something you are doing wrong.
Suggest you speak with someone who is experienced in the business.
What kind of car do you use and what it's fuel consumption like.

From the amount you stated you spend on fuel I doubt if you operate in Lagos.
I doubt if bolt is profitable anywhere else outside Lagos and Abuja

No be every trip you go Dey accept…
And you can bargain with your passengers before coming to pick them up for a fair price if what is showing in the app is poor…if they don’t accept it….you cancel.

I use bolt a lot and when some drivers explain things to me and I have extra cash to spare….I add money to their fees and learn how to go offline too
Just tell your passengers.

Wasky101:
There must be something you are doing wrong.
Suggest you speak with someone who is experienced in the business.
What kind of car do you use and what it's fuel consumption like.

From the amount you stated you spend on fuel I doubt if you operate in Lagos.
I doubt if bolt is profitable anywhere else outside Lagos and Abuja

..
PH.
Carrolla 2011 s.
The fuel consumption is much.
I don't know if it is aggressive speeding or break

gratefulheart:
1.You have to find a areas that are pick period and profitable.
2. Don't just be moving around park so where need a busy hotel, airport, malls, cinema, eatery, big offices etc.
3. When you receive a request check the price against the traffic before accepting.
4. Also let people know you do car hire...which is more profitable, you can charge premium offline. Make sure they're people you know or a referral to avoid carrying kidnappers, ritual killers, armed robbers etc.

Quality advice, that's why i like nairaland.

mariahAngel:
Don't give up yet.
Just keep on doing it, and in no time, you will find your feet, and your way around it.

You're still in the learning phase, so see those losses as dues.

Ask him to seek advice from experienced drivers, not telling him to keep doing it cos he's obviously losing every day, nobody starts a new business with daily loses without even seeing potential of profit making its not done.
If he continues this way na straight to village o.

What was your experience

there's a thread for Uber,bolt ,indrive in business section.

go there and make your complaints, there are many veterans in business there , they'll give you better advice as there are many veterans in business there.

Sirchiboy:
..
PH.
Carrolla 2011 s.
The fuel consumption is much.
I don't know if it is aggressive speeding or break

Bro in Ph always park at these locations.
Peperoni by Rumudara
Kilimanjaro by Agip
Spar by govt House
Pleasure Park by bori camp
Then at Night go to GRA any nice bar/club

Market square by Eliozu and Odili Road.
Kilimanjaro by Gra junction
RSu gate
Uniport gate
UoE gate

westlius:


Bro in Ph always park at these locations.
Peperoni by Rumudara
Kilimanjaro by Agip
Spar by govt House
Pleasure Park by bori camp
Then at Night go to GRA any nice bar/club

It doesn't work like that. Going to popular places or eatery will not pay him off . He's best bet is to calm down and wait for requests on residential areas nd rich neighborhoods. Once he picks passengers from there to long locations, he would wait also and pray another long distance trip back to base comes up.


Most eateries are patronized by close by residents. Which would burn his fuel and left him on lost if he constantly picks short trips. Imagine starting your car to be running pick up nd drop off for 1500,2300# nd such. Thereafter he will still pay commission.

I quit bolt after one week, and i park my car since then, if u go offline is okay but very risk.. anyway no risk no reward..

Sirchiboy:
Last week I started bolt with fuel of 25k.
After all the drive.
My net income after bolt commissions was 20k.
I lost 5k.
On Sunday I bought fuel of 30k and the thing had enter reserve already and my net income after bolt commission is 26k.
Losing 4k already.
I think I have to give up

Stop doing short trips. That's what's burning ur gas nd bolt commission. Aim for long trips above 5k. It would conserve fuel nd you have chances of picking another long trip to nd flo. In such cases you can easily negotiate offline. It's just easier to negotiate offline for 5k above trips than telling ur rider for offline on a trip of 2100#. It's nonsense nah. Wen you do short online trips. Ur fuel nd commission is burning but when you do long trip . You can bypass commission by offline

Sirchiboy:
Last week I started bolt with fuel of 25k.
After all the drive.
My net income after bolt commissions was 20k.
I lost 5k.
On Sunday I bought fuel of 30k and the thing had enter reserve already and my net income after bolt commission is 26k.
Losing 4k already.
I think I have to give up

All those app eh, gokada, uber no dey consider the price of fuel. E beta make person dey use electric car for them. If u dey buy fuel to run their errant, omo na big loss man go dey make. Talking from experience.

i heard there is a trick using camphor to conserve how your fuel burns,even tho i have not verified this , a former driver of my then factory revealed he uses camphor to conserve fuel.

luckily there is a thread on this on nairaland i just found it.

madscientist88:
i heard there is a trick using camphor to conserve how your fuel burns,even tho i have not verified this , a former driver of my then factory revealed he uses camphor to conserve fuel.

luckily there is a thread on this on nairaland i just found it.

Share the link

.

Don't oooooooooooo
You are still learning on the job
Na so my in-law sef, first start with complain of fuel
Now after just 4months, guy dey ball na...
Be patient with yourself
You go soon understand the business
Naso all business dey be for beginners
Never give up ok
You go soon smile

Lol. Learner.

What type of cars do you drive? What kinds of trips do you accept?

A lot of factors go into it. You shouldn't make less than 25k net with 25k fuel using a 1.8L vehicle and the type of trips. You will adjust with time.

do u understand what net means?

.

Ok

Wasky101:
There must be something you are doing wrong.
Suggest you speak with someone who is experienced in the business.
What kind of car do you use and what it's fuel consumption like.

From the amount you stated you spend on fuel I doubt if you operate in Lagos.
I doubt if bolt is profitable anywhere else outside Lagos and Abuja

Why did you make such claim

Sirchiboy:
Last week I started bolt with fuel of 25k.
After all the drive.
My net income after bolt commissions was 20k.
I lost 5k.
On Sunday I bought fuel of 30k and the thing had enter reserve already and my net income after bolt commission is 26k.
Losing 4k already.
I think I have to give up

hello bro, i will encourage u not to give UP, your first FUELING of 23k is called CAPITAL. u not suppose top bank more Gains on it like that.
BOLT is done at leisure times and not full time, except you can find more contacts for private pick upm, which these are people you will meet during TRIPS and dey request fr private pick up aside APP. security should be your concern as DRIVE APP or SHARE RIDE drivers are TARGET of THIS 3V!L people out there.
sorry BOLT in NIGERIA will LOOSE BOLT in ur HEAD and that of WEAR & TEAR of ur RIDE. all BOLT go dey LOOSE
*jus in 2 WEEKS u don WEAK, BOLTS don LOOSE

Hmmm

This is the secret, 2km/5min pickup.
Unless it's a destination trip.
Identify dead zones.
Avoid traffic holdup areas.
Throttle should be 2RPM max

Sirchiboy:
Last week I started bolt with fuel of 25k.
After all the drive.
My net income after bolt commissions was 20k.
I lost 5k.
On Sunday I bought fuel of 30k and the thing had enter reserve already and my net income after bolt commission is 26k.
Losing 4k already.
I think I have to give up

What is your gross income. lets start from there.

your net shows that you made good profit unless you don't understand what net means