rationalmind:


As posted by a nairalander on another thread

Eizenburg:

One question for you

Why do people invest in treasury bills and put their funds in fixed deposits?

OJURONGBE1:
Hi everyone ,it feels good to be back on this thread after 4 months absence.
Deactivated my previous account(Freshprince91) when my Ford Mondeo wanted to kill me .
It plunged me into debt and i was sad ,empty and clueless but it feels a little better now .
Missed everyone
FELICITY, Baba i appreciate your gesture last week .Anyone who's had a negative impression about this fella should perish that thought ,he's humble and kind . My friend attested to it last week. Bless you bro!

Welcome back brahh

I formatted my phone at some point, of not, I was supposed to have buzzed you after not seeing you for a long time.

So good to have you back here

izzou:
I've come to realize that the Uber business is just like any other transport business in this country

Danfo
Inter state hiace buses and Sienna cars

And I have realized that for you to make it, you need to START WITH MORE THAN ONE CAR (that's after learning the ropes as a partner, or entrusting it into safe hands)

Maybe I'm wrong, but my analysis tells me so

sexylassie2:


You are not wrong, I have been trying to say this for long but na bashing I go collect.

Bashings?

We are gentlemen and gentleladies here, please

I also still believe, that considering the purchase cost and maintenance cost, THE COROLLA IS NO LONGER THE RIGHT TOOL FOE THIS BUSINESS

But I don't know the right tool yet

AngryIgboMan:
, you are very good in checking up on people. You have checked up on me without knowing. I will reward you big one day.

I think that whoever has you as a friend has a quality friend. We are not friends and can never be friends in this life. But that does not remove the fact you acknowledged my absence without knowing you did it. I will reward you one day.

Take it to the bank. You will ChoppBar later one day. Izza Promise.

Something tells me I know who's behind this moniker

Jisie ike

izzou:




I also still believe, that considering the purchase cost and maintenance cost, THE COROLLA IS NO LONGER THE RIGHT TOOL FOE THIS BUSINESS

But I don't know the right tool yet

izzou:


Bashings?

We are gentlemen and gentleladies here, please

I also still believe, that considering the purchase cost and maintenance cost, THE COROLLA IS NO LONGER THE RIGHT TOOL FOE THIS BUSINESS

But I don't know the right tool yet

OJURONGBE1:
Hi everyone ,it feels good to be back on this thread after 4 months absence.
Deactivated my previous account(Freshprince91) when my Ford Mondeo wanted to kill me .
It plunged me into debt and i was sad ,empty and clueless but it feels a little better now .
Missed everyone (POPE ,IZZOU ,NDUBUIS, JAYDEE ,GENTLE LIFE ,ANGRYIGBO MAN, COOLADEX, NORTHBIRD, and all the wonderful driverprenuers like Luxurydriversng usually put it)
FELICITY, Baba i appreciate your gesture last week .Anyone who's had a negative impression about this fella should perish that thought ,he's humble and kind . My friend attested to it last week. Bless you bro!

sexylassie2:


I am not an expert on cars but can we use the long distance guys as a clue? I don't think so, this guys are going interstate, a mini van like Siena with good fuel milage works better for them, but do you think a uber user will want to enter a sienna car (mini van)?

Anyway uber was created for comfort a sedan will be the best for the business but what type of sedan? This i dont know, since most drivers buy corolla, guessing maybe it is the right bet for them especially with our bad roads. The reality is most people will buy the most popular car being used for the business, it is just the group way of thinking but you can do your research on other brands of sedans that economize fuel, can be used in our terrain and with also low maintainance.

Well, for the interstate partners, I think their expected returns is defined.

Some charge #8500, #9000 to Abuja for example. So they know how many trips a week they need to achieve their target. And other predictive factors too. And that's why the Sienna still looks like the right tool. At an expected period, including periods for losses and maintenance, they will break even

But in Uber, the partners don't determine the price. At one point, the fares were higher. Lately, the fares keep dropping.

It's at this point, I feel the Corolla is no longer suitable (financially ) for this beeezinesss

chinyce:



Exactly same feelings. That car has been over hyped, over priced, over emphasis.

Our car dealers can can research for us best vehicle for these kind of business. Toyota corolla is not it anymore.

izzou:


You should have asked them to reach out to you first, instead of dropping the client's number

Make Kidnappers no go find somebody one day

Please remove the client's number

izzou:


Bashings?

We are gentlemen and gentleladies here, please

I also still believe, that considering the purchase cost and maintenance cost, THE COROLLA IS NO LONGER THE RIGHT TOOL FOE THIS BUSINESS

But I don't know the right tool yet

OJURONGBE1:
Hi everyone ,it feels good to be back on this thread after 4 months absence.
Deactivated my previous account(Freshprince91) when my Ford Mondeo wanted to kill me .
It plunged me into debt and i was sad ,empty and clueless but it feels a little better now .
Missed everyone (POPE ,IZZOU ,NDUBUIS, JAYDEE ,GENTLE LIFE ,ANGRYIGBO MAN, COOLADEX, NORTHBIRD, and all the wonderful driverprenuers like Luxurydriversng usually put it)
FELICITY, Baba i appreciate your gesture last week .Anyone who's had a negative impression about this fella should perish that thought ,he's humble and kind . My friend attested to it last week. Bless you bro!

izzou:


Well, for the interstate partners, I think their expected returns is defined.

Some charge #8500, #9000 to Abuja for example. So they know how many trips a week they need to achieve their target. And other predictive factors too. And that's why the Sienna still looks like the right tool. At an expected period, including periods for losses and maintenance, they will break even

But in Uber, the partners don't determine the price. At one point, the fares were higher. Lately, the fares keep dropping.

It's at this point, I feel the Corolla is no longer suitable (financially ) for this beeezinesss

sexylassie2:


I understand now. These interstate drivers using sienna do they own their cars? I think many of them work for transport companies and prices is according to season, there is also wear and tear, fuel to buy, as you wrote earlier, having a fleet is profitable in the transport business. (Economic of scales)

I think most drivers will make more money if they are their own boss and price is not regulated and even if price is regulated, having like 2-3 cars will be a good advantage.

Anyway uber and taxify low price magic is through economic of scale, maybe drivers in the business should also learn that, even if you are using toyota corolla, saving up money to buy another car for the business is a good strategy of making money in the ehailing business.

izzou:


Well, for the interstate partners, I think their expected returns is defined.

Some charge #8500, #9000 to Abuja for example. So they know how many trips a week they need to achieve their target. And other predictive factors too. And that's why the Sienna still looks like the right tool. At an expected period, including periods for losses and maintenance, they will break even

But in Uber, the partners don't determine the price. At one point, the fares were higher. Lately, the fares keep dropping.

It's at this point, I feel the Corolla is no longer suitable (financially ) for this beeezinesss

sexylassie2:


I am not an expert on cars but can we use the long distance guys as a clue? I don't think so, this guys are going interstate, a mini van like Siena with good fuel milage works better for them, but do you think a uber user will want to enter a sienna car (mini van)?

Anyway uber was created for comfort a sedan will be the best for the business but what type of sedan? This i dont know, since most drivers buy corolla, guessing maybe it is the right bet for them especially with our bad roads. The reality is most people will buy the most popular car being used for the business, it is just the group way of thinking but you can do your research on other brands of sedans that economize fuel, can be used in our terrain and with also low maintainance.

Felicity0001:

What I think is, cars meant for uber business should mainly have;

1. Availability of spare parts plus parts should be cheap
2. Strong, durable and reliable
3. Fuel efficient
4. Should have second have value incase of sales or accident.

Volkswagen
Toyota
Nissan
and Honda;
These are cars I believe meet the afar mentioned criteria in the peaking order.

The onmy problem with volks is their beat cars are mostly hash back and I dont think uber accepts them. Maybe the bad blood America has with Germany is still active.

Any car on uber tends to depreciate faster than those on interstate due to constant plying on bad roads, more trips (intermittent kick and start), long time engine run, et el.

Let me stop here...

jaymejate:


How many trips do you think Lagos to Abuja would go in a week? Do you have an idea?

sexylassie2:


I understand now. These interstate drivers using sienna do they own their cars? I think many of them work for transport companies and prices is according to season, there is also wear and tear, fuel to buy, as you wrote earlier, having a fleet is profitable in the transport business. (Economic of scales)

I think most drivers will make more money if they are their own boss and price is not regulated and even if price is regulated, having like 2-3 cars will be a good advantage.

Anyway uber and taxify low price magic is through economic of scale, maybe drivers in the business should also learn that, even if you are using toyota corolla, saving up money to buy another car for the business is a good strategy of making money in the ehailing business.

My comment was basically for partners (owners), not drivers

Make we leave drivers fess

izzou:


My comment was basically for partners (owners), not drivers

Make we leave drivers fess

sexylassie2:


Anyway, I was writing about owners. Don't mind the word drivers.

dru23:


There is one guy that raves about the Ford Mondeo.. He even said the car is more reliable than 06 Civic and 07 elantra So am surprise the car wanted to " kill your enemy."

izzou:


Ohh
Okay

I know the transport sector is a gold mine (oyel money)

And if Uber drivers and partners are complaining, it means something is wrong.

Since we can't control the price, it's time to change the tools

izzou:


Ohh
Okay

I know the transport sector is a gold mine (oyel money)

And if Uber drivers and partners are complaining, it means something is wrong.

Since we can't control the price, it's time to change the tools

Felicity0001:

Changing the tool depends on the owner/partner.

Like sexy rightly mentioned, the only people that complains abiut the price are drivers on rental and those on HP reason being that their work hours has to be double to make a living and have a savings, otherwise, the business is a good one.

That's what I'm saying na

The time to recoup your principal on a corolla is more than a year. Which makes it not feasible anymore