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Does Tricycle Buisness Really Pays...? - Business - Nairaland

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Distributorship Of Tricycle(keke Napep) And Motorcycle Tyres And Tubes. / Keke Marwa (tricycle) Investor Needed In Ibadan (2) (3) (4)

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Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 12:02am On Sep 02, 2016
As a young chap, I have been looking for a legit buisness platform to invest into.. then this thought of tricycle buis comes to mind... I believe or feel with d huge population in Lagos, this buisness should flourish (though not totally convinced).. Thus I need ideas from people who have got stream of ideas or those are still in d buisness to share their experiences with me.... I wouldn't wanna take a wrong step...
Thanks in anticipation

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Re: Does Tricycle Buisness Really Pays...? by Teetunz64(m): 7:09am On Sep 02, 2016
It's good but you can also try poultry or Catfish farming

3 Likes

Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 10:49am On Sep 02, 2016
Thanks... but for now that's what am looking into more contribution is needed pls
Re: Does Tricycle Buisness Really Pays...? by Harkynkunle(m): 2:59pm On Sep 03, 2016
u guys shouldn't just view.... ur contributions are paramount....
Re: Does Tricycle Buisness Really Pays...? by byvan03: 5:00pm On Sep 03, 2016
If you are driving it yourself,it is profitable. On hire purchase is also profitable if your driver is honest, most are filled with stories. A bad driver will make you wish you left your money in the bank.

42 Likes 1 Share

Re: Does Tricycle Buisness Really Pays...? by Sharon6(f): 7:07am On Sep 04, 2016
Yes, its a very profitable business. Give it out to drivers on hire purchase, tell them to pay weekly installment, don't make the payments monthly because it'll be very difficult for the drivers to save money for a month to give to you. Be very strict, don't familiarize to much with the drivers, familiarity breeds insults. Above all pray!!!



PLEASE CHECK MY SIGNATURE!

38 Likes

Re: Does Tricycle Buisness Really Pays...? by veekid(m): 7:07am On Sep 04, 2016
Drive it yourself

7 Likes

Re: Does Tricycle Buisness Really Pays...? by lawson06(m): 7:09am On Sep 04, 2016
It depends on your area

2 Likes 1 Share

Re: Does Tricycle Buisness Really Pays...? by Kbraims(m): 7:10am On Sep 04, 2016
Depends on d environment... is lucrative in commercial areas

2 Likes

Re: Does Tricycle Buisness Really Pays...? by izzykingsley(m): 7:11am On Sep 04, 2016
Driving it ursef will be better u will be able 2 make back ur money under the period of 6mnth, buh given it out is nt advisable coz u will hardly find n honest person grin

11 Likes

Re: Does Tricycle Buisness Really Pays...? by bus2016(m): 7:13am On Sep 04, 2016
Bro, neva rush in2 any biz, calm so down! Think of any biz wit high demand, one u ve passion for, d one u can handle ursef. To avoid story dat touched!

6 Likes

Re: Does Tricycle Buisness Really Pays...? by Shoboy6h: 7:14am On Sep 04, 2016
Keke na pepper grin

3 Likes 1 Share

Re: Does Tricycle Buisness Really Pays...? by Bisjosh(f): 7:14am On Sep 04, 2016
Listen to him



izzykingsley:
Driving it ursef will be better u will be able 2 make back ur money under the period of 6mnth, buh given it out is nt advisable coz u will hardly find n honest person grin

2 Likes

Re: Does Tricycle Buisness Really Pays...? by petux(m): 7:14am On Sep 04, 2016
bro its profitable. if you remove all those expenses like ticket fee and other fees they pay, you will still have some dough. But if on hire purchases, i wont advise you to except you see some1 you can wholeheartedly trust or else you will regret it coz they wil bring stories everyday relating to money but you can find all diz old agile fathers that are poor. My father once invested in the busines but regret at d long run. Btw why dont u use danfo bus instead of trycycle?

3 Likes

Re: Does Tricycle Buisness Really Pays...? by Correspondence(m): 7:15am On Sep 04, 2016
Get mini bus instead. Drive it yourself. Don't give to anybody. Honest people are difficult to get.

2 Likes

Re: Does Tricycle Buisness Really Pays...? by Qristien: 7:15am On Sep 04, 2016
People, I don't think he's talking about buying and driving. grin

I think he means buying and selling, like being a tricycle merchant.
If this is what you mean, then it is a profitable trade, especially since the price of dollar climbs everyday. You could buy it for N300000 today to sell for N350000; the next day you will hear it is now sold at N350000. Your guess is as good as mine.

If however, you are talking about buy and drive, then I follow the opinions of the previous contributors - if you are not ready to drive it yourself, then be ready to suffer headaches.

** edit **

One other opinion, and very useful. Go to fellowships whose members are known for a pious lifestyle, e.g. SU, DCLM, MFM, Lord's Chosen, and tell the clergy what you want.
If there are unemployed members there (which is not even a question), then that is the best you can find. At most, the person will learn how to drive if he can't already.

7 Likes 1 Share

Re: Does Tricycle Buisness Really Pays...? by idu1(m): 7:18am On Sep 04, 2016
veekid:
Drive it yourself
Re: Does Tricycle Buisness Really Pays...? by daniska3yaro(m): 7:20am On Sep 04, 2016
izzykingsley:
Driving it ursef will be better u will be able 2 make back ur money under the period of 6mnth, buh given it out is nt advisable coz u will hardly find n honest person grin

1 Like

Re: Does Tricycle Buisness Really Pays...? by leokennedi(m): 7:21am On Sep 04, 2016
First, consider the current state of the economy. Change is the mantra now, nothing is guaranteed plus Lagos is a crazy city. depending on your location though, don't engage in an ephemeral business, like motorcycles that was putting food on an average man's table and was later banned in most places by the government. So just narrow down your thoughts to a favourable business.


My thought though.

1 Like

Re: Does Tricycle Buisness Really Pays...? by don4real18(m): 7:21am On Sep 04, 2016
learning
Re: Does Tricycle Buisness Really Pays...? by weblord1900: 7:22am On Sep 04, 2016
OK
Re: Does Tricycle Buisness Really Pays...? by profeoo(m): 7:22am On Sep 04, 2016
This is a business I am presently contemplating.
Buy a keke for 400k, add other paper works to it takes you to 450k.
If you get an honest driver who will remit close to 10k to you on a weekly basis without stories, I am sure you will make your money back in a year or thereabout.
Driving it yourself is best,although since I am currently engage, I intend to get an honest driver...there's risk in every business

5 Likes 2 Shares

Re: Does Tricycle Buisness Really Pays...? by efilefun(m): 7:22am On Sep 04, 2016
Sharon6:
Yes, its a very profitable business. Give it out to drivers on hire purchase, tell them to pay weekly installment, don't make the payments monthly because it'll be very difficult for the drivers to save money for a month to give to you. Be very strict, don't familiarize to much with the drivers, familiarity breeds insults. Above all pray!!!



PLEASE CHECK MY SIGNATURE!

You got it right, after reading this ur comment he needs no more advice. All transportation business yield enough profit with this template cuz they would be extra careful with the napep and you will be surprised how neat it would be after they finished paying up for it

2 Likes

Re: Does Tricycle Buisness Really Pays...? by canalily(m): 7:28am On Sep 04, 2016
No! shocked just try make it tetracyclinegrin grin
Re: Does Tricycle Buisness Really Pays...? by Odunharry(m): 7:29am On Sep 04, 2016
very good business
Re: Does Tricycle Buisness Really Pays...? by udysweet(f): 7:31am On Sep 04, 2016
cryStory of my life
byvan03:
If you are driving it yourself,it is profitable. On hire purchase is also profitable if your driver is honest, most are filled with stories. A bad driver will make you wish you left your money in the bank.

2 Likes

Re: Does Tricycle Buisness Really Pays...? by Odunharry(m): 7:32am On Sep 04, 2016
profeoo:
This is a business I am presently contemplating.
Buy a keke for 400k, add other paper works to it takes you to 450k.
If you get an honest driver who will remit close to 7k to you on a weekly basis without stories, I am sure you will make your money back in 6months time.
Driving it yourself is best,although since I am currently engage, I intend to get an honest driver...there's risk in every business
This is true... Finding an honest person to give is a major issue as some of them will come up with issues.
That bn said, thr business is very good one. Spoke with about 5 operators and they tell me most time 5months or less, they deliver.

It depends on the location too
Re: Does Tricycle Buisness Really Pays...? by chrisxxx(m): 7:35am On Sep 04, 2016
Good business if u will do it yourself. Other than that na story everyday
Re: Does Tricycle Buisness Really Pays...? by kyrios: 7:36am On Sep 04, 2016
Teetunz64:
It's good but you can also try poultry or Catfish farming
bro what you just listed is time consuming o
Re: Does Tricycle Buisness Really Pays...? by Odunharry(m): 7:37am On Sep 04, 2016
petux:
bro its profitable. if you remove all those expenses like ticket fee and other fees they pay, you will still have some dough. But if on hire purchases, i wont advise you to except you see some1 you can wholeheartedly trust or else you will regret it coz they wil bring stories everyday relating to money but you can find all diz old agile fathers that are poor. My father once invested in the busines but regret at d long run. Btw why dont u use danfo bus instead of tricycle?
Giving it to family man is the best, they take the business serious and considering the fact they have family to cater for and obligation to meet also. Infact before the stipulated time they deliver.

3 Likes

Re: Does Tricycle Buisness Really Pays...? by Xeedorf: 7:38am On Sep 04, 2016
profeoo:
This is a business I am presently contemplating.
Buy a keke for 400k, add other paper works to it takes you to 450k.
If you get an honest driver who will remit close to 7k to you on a weekly basis without stories, I am sure you will make your money back in 6months time.
Driving it yourself is best,although since I am currently engage, I intend to get an honest driver...there's risk in every business


7k per week you mention
please request for calculator from your neigbour

12 Likes 1 Share

Re: Does Tricycle Buisness Really Pays...? by petux(m): 7:38am On Sep 04, 2016
profeoo:
This is a business I am presently contemplating.
Buy a keke for 400k, add other paper works to it takes you to 450k.
If you get an honest driver who will remit close to 7k to you on a weekly basis without stories, I am sure you will make your money back in 6months time.
Driving it yourself is best,although since I am currently engage, I intend to get an honest driver...there's risk in every business
why dont u buy a used danfo bus instead? It conveys more passenger than moruwa

1 Like 1 Share

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