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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:
I understand but you all can't maintain these bad vibe against drivers while on the other expecting them to perform. People are bad I agree but of a truth how many drivers cant hit 100k a week consistently for weeks.. There should be a [b]win-win[/b]sort of arrangement or should I say understanding. I don't just like the bad vibe(s) about drivers cos not all are bad. Driving in Lagos alone is a lot of work talk more doing it on the e-hailing platform.

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.

2 Likes

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Carshopper(m): 5:06am On Sep 18, 2018
darmilolah:
The day drivers will corner this carshopper. They will just tie him up with all the narrative that he's always changing.

grin
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:


And then they will call it a dead car grin. But it was ALIVE before they started driving it. So the big question begging for an answer is WHO IS RESPONSIBLE for turning a good tokunbo car to a ‘dead car’ - is it the owner / investor that bought the good car but never drove OR the driver that drove the car he never bought! Anyways, just joining with 3 units toks 2007 Corollas, so I will soon find out. Starting out though with 3 normal drivers with 0% Uber experience. Been following this thread for a while and the “experienced Uber drivers”, hmm, .............. lipsrsealed

5 Likes

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:
once upon a time. Partners here prefer to give their cars to performer.

1 Like

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by pafo(m): 6:25am On Sep 18, 2018
MobilityExpress:


And then they will call it a dead car grin. But it was ALIVE before they started driving it. So the big question begging for an answer is WHO IS RESPONSIBLE for turning a good tokunbo car to a ‘dead car’ - is it the owner / investor that bought the good car but never drove OR the driver that drove the car he never bought! Anyways, just joining with 3 units toks 2007 Corollas, so I will soon find out. Starting out though with 3 normal drivers with 0% Uber experience. Been following this thread for a while and the “experienced Uber drivers”, hmm, .............. lipsrsealed

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?

1 Like

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by sweetguy10(m): 8:07am On Sep 18, 2018
Oluwabengz:


You can politely ask the rider if he/she is gonna direct you accordingly or if you should use Google map.

Note that Google map might direct you into a one way traffic road or tell you GPS signal lost in the middle of the ride.

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:
Most ridersriders(from personal experience) would gladly guide you along your trips so feel free to request their help

Thanks much

1 Like

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by sweetguy10(m): 8:09am On Sep 18, 2018
Tgiirl:


Google map shows the directions and can easily guard u to your destination. It will also show you the estimated time to get to ur destination. The blue line indicates free route, yellow line indicates either slow moving traffic or bad road and red line is for sure, traffic ahead.

You can ask you ride to direct you thru the fastest route if any... More like short cuts


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:


I de follow you sir, where will you keep the diary?

Inside my head, i’m an introvert grin
Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Vested(m): 8:11am On Sep 18, 2018
MobilityExpress:


I think the best drivers are the ones who have not been corrupted by greed, the regular office drivers, who work on and have adjusted / disciplined their habits to be contented with what they earn and live within their means. Not a driver that wants to overwork the investors / employers asset to earn 140k a week and grudgingly pay the investor 35k on one hand, while harassing him constantly for a reduction to 25k on the other hand. So that he can make 75k to 90k for himself in a week. And then after 3 months of excessive overuse, reject the car as a dead car and jump to another investor victim. But karma is well and alive. It’s a circle of life. What goes around comes around. smiley

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.

2 Likes

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by ifyeez: 9:38am On Sep 18, 2018
dyemida:
Please has taxify paid anyone?
Got paid since yesterday afternoon man.

2 Likes

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 9:40am On Sep 18, 2018
alstarmayo:
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


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 grin 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 grin ( that's the type of driver every partner wants. Weither he earn or not... Rentals must enter)

Such is life

1 Like

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 9:45am On Sep 18, 2018
Vested:


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.

Can your car drive itself? Answer the question and edit ur post.

2 Likes

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by MobilityExpress: 10:05am On Sep 18, 2018
alstarmayo:
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



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 grin) 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.

17 Likes 1 Share

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by MobilityExpress: 10:10am On Sep 18, 2018
Vested:


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.

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:
Go to akoka road, near unilag main gate, ask for Dennis AC after MRS petrol station on ur right.
Tell him u were referred from nairaland, u may get a discount.

Thanks. Will check him out

1 Like

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Tgiirl(m): 10:18am On Sep 18, 2018
MobilityExpress:



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 grin) 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.


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

5 Likes

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

1 Like

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 grin

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:



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



3 Likes

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Vested(m): 10:33am On Sep 18, 2018
MobilityExpress:



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 grin) 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.


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:


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


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:



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.


1 Like

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by oluwaseunla(m): 12:17pm On Sep 18, 2018
Tgiirl:


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.

Such is life

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:
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.

Re: If You Are Uber Partner In Lagos, Please Share Your Experience Here by dru23(m): 1:41pm On Sep 18, 2018
darmilolah:
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 jayooh: 1:51pm On Sep 18, 2018
mymotong:
We still install the MOST AFFORDABLE AND QUALITY TRACKERS YOU COULD FIND ANYWHERE, featuring Android/iOS tracking/demobilizing, sms tracking/demobilize, online tracking/demobilizing, daily mileage report (to know how many km your car runs each day), Vehicle history report (where your car had been between time X and Y) and many more features.

Presently going for 25K (without Online Platform), 30K (with Lifetime access to online platform/app).

Call us on 09032614208 to schedule an installation.


Website: www.mymoto.com.ng
Tracker page: https://mymoto.com.ng/product/vehicle-car-pickup-commercial-trucks-gps-tracker-h02-tracker-nigerian-configured/
Office Location: 3-9 Olu Koleosho Street, Off Medical Road, Ikeja, Lagos



WHY DOES YOUR CAR NEED MYMOTO TRACKER

(1) Security: While anti-theft systems like push-buttons before car start, gear lock, pedal locks etc… are good, ONLY A TRACKING SYSTEM LIKE OURS ALLOWS YOU TO RECOVER (AND ALSO PROTECT) YOUR VEHICLE IF YOUR CAR IS HIJACKED FROM YOU WHILE DRIVING. Our trackers are both anti-theft and recovery in nature. e.g. You should shutdown your car before you sleep at night or park in a public space. Whenever you need to start the car, you enable it also.

(2) Remote Monitoring: GPS Security trackers allows you to monitor your vehicle location remotely from your phone. You are able to view your car’s location in real time (from our IOS/ANDROID APPS).

(3) Vehicle History: Through our online platform (IOS/ANDROID APPS) , you can view where your car had been between DAY X and DAY Y. A plot is shown on a map showing your car’s movement over this period of time.

(4) Remotely Stop Your Car: With our security GPS tracker, you are able to stop your car from ANY PHONE with an sms command. This function can also be carried out through our online platforms.

(5) Geo-Fencing Alarm:If your car goes beyond set a radius (or multi-point), say Lagos, you will be notified by sms.

(6) Other alarms (Over-speed Alarm, Ignition On Alarm, Low Battery Alarm ): Over-speed alarms notifies you via sms when your car goes beyond a particular speed. Ignition on notifies you WHENEVER your car is started. Low Battery Alarm lets you know when your car battery is low.

(7) Daily Mileage report (online platform): Daily mileage report shows you a daily chart (in KM) of your car.


We have heard of one or two expereience of how clients were able to recover their vehicles BECAUSE THEY HAD A TRACKER INSTALLED IN IT. We will be sharing some of them with you based on TRUE LIFE EXPERIENCES.

If you have had personal experiences also, kindly share with us.

WE STILL INSTALL THE MOST AFFORDABLE TRACKERS AROUND STARTING FROM 25K (VARIES WITH CAR MODEL).

CONTACT US ON 09032614208 OR 08060675824. More details on tracker: https://mymoto.com.ng/why-you-should-install-the-mymoto-security-tracker/

WE ARE THE ONLY COMPANY THAT OFFERS FREE LIFETIME ACCESS TO OUR ONLINE PLATFORMS FOR MONITORING/STOPpING YOUR CAR.

YOU'VE SPENT QUITE MUCH TO ACQUIRE YOUR CAR, SECURE IT WITH A TRACKER. BETTER TO BE SAFE THAN SORRY


Story 1
During one of our installs, the client shared with us how Mr Ayo (not his real name) borrowed his brothers car, and waylaid in the night somewhere in Lagos. Unknown to the thieves, the car had a tracker in it. That same night they tracked the vehicle to a military baracks (apparenntly the thieves had accomplices with military connections). They went with the police and they were able to recover the car (THE DEMOBILIZE FUNCTION OF THE TRACKER WAS USED TO ENSURE THE CAR DID NOT MOVE UNTIL THEY GOT TO THAT LOCATION)...

Story 2
Mr Bayo was bout entering his car in the night somewhere in Lagos when he was attacked. He immediately used his phone to demobilize the car some minutes after they had zoomed away with the car. The thieves ran away when they discovered the car wasn't strating again. The car was tracked to Ajah. Apparently the thieves ran away in fear with the keys of the car grin

If you have similar stories please share with us...

Call/Whatsapp 08060675824 for details on how to schedule an installation.

Mr I have tried reaching you on phone. Need to know your charge for tracker installation

1 Like

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:
Hey guys,


is taxify/uber still profitable



Yes, only that new investors just won recoup their capital within a short period. Ehailing is not MMM

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