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Uber as an Investment
Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Lolest! wrote:Angelica _ann wrote:Mkondoa Macho wrote:Swenani wrote:Lolest! wrote:mawinder wrote:doubletap wrote:kangi wrote:
You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.
Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross? Can't the driver occasionally switch off Uber to do his own stuff?? They do! Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount why woul I cancel a trip?There is cancellation trip fee charged on your next trip as a customer I would cancel if I get the ride, and the cost is significantly lower than the cancellation fee and the price the driver charges. Cancellation doesn't make financial sense to the client!!! I think it does, depending on distance! I think we all agree there are distances that make sense to be undertaken by cab and those that other modes of transport would do. By the way how much do drivers make a month if the owner makes over 60k? Commission of fixed? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: Member Joined: 7/27/2008 Posts: 241
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doubletap wrote:Lolest! wrote:Angelica _ann wrote:Mkondoa Macho wrote:Swenani wrote:Lolest! wrote:mawinder wrote:doubletap wrote:kangi wrote:
You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.
Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross? Can't the driver occasionally switch off Uber to do his own stuff?? They do! Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount why woul I cancel a trip?There is cancellation trip fee charged on your next trip as a customer I would cancel if I get the ride, and the cost is significantly lower than the cancellation fee and the price the driver charges. Cancellation doesn't make financial sense to the client!!! I think it does, depending on distance! I think we all agree there are distances that make sense to be undertaken by cab and those that other modes of transport would do. By the way how much do drivers make a month if the owner makes over 60k? Commission of fixed? It should be commission based to further motivate the drivers, normally they will take home about 40K or more...THe main issue is the operational expenses, fuel, wear and tear etc. If you can minimise those (Newer car?) and get two drivers so that your can is basically on the raod 24hrs, you could be on the 70-100K net for the car owner in a good month. Quote:Buy when there's blood in the streets, even if the blood is your own...
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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iKenya wrote:doubletap wrote:Lolest! wrote:Angelica _ann wrote:Mkondoa Macho wrote:Swenani wrote:Lolest! wrote:mawinder wrote:doubletap wrote:kangi wrote:
You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.
Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross? Can't the driver occasionally switch off Uber to do his own stuff?? They do! Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount why woul I cancel a trip?There is cancellation trip fee charged on your next trip as a customer I would cancel if I get the ride, and the cost is significantly lower than the cancellation fee and the price the driver charges. Cancellation doesn't make financial sense to the client!!! I think it does, depending on distance! I think we all agree there are distances that make sense to be undertaken by cab and those that other modes of transport would do. By the way how much do drivers make a month if the owner makes over 60k? Commission of fixed? It should be commission based to further motivate the drivers, normally they will take home about 40K or more...THe main issue is the operational expenses, fuel, wear and tear etc. If you can minimise those (Newer car?) and get two drivers so that your can is basically on the raod 24hrs, you could be on the 70-100K net for the car owner in a good month. So owner 80k a month Driver 40k a month Uber 20% of revenue Fuel and maintenance(24hr car) How many trips would you be making per day?And at what average price?I prefer working backwards. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Gathige wrote:streetwise wrote:You are right, the yellow cabs are just that YELLOW.
Wonder why any one would use them ? I think the yellow cabs are the SI Unit for wrong price. Their cost per km is higher than Uber's! If the yellow cab guy drops you at your destination, he has to move back to his base station without a passenger. This dead mileage has to be factored in. The Uber guy on the other hand gets a return trip The yellow cab guy might have to deal with very loyal customers and those concerned with security at their homes
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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You can not really blame the yellow guys. Uber has standards. I hear they only accept KC******, they only accept from 2008/ i guess 8 year old cars. Hawakkubali vitz na mademio anyything under 1500 cc If you have an old car na hukubaliki uber or the other kina mondo, what do you do? Weka yellow ama hire. Old is NOT gold when it comes to uber I work so I can afford the amount of alcohol required to continue going to work
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Rank: Member Joined: 7/23/2009 Posts: 526
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doubletap wrote:kangi wrote:
You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.
Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross? The key person here is the driver. I give instructions that they deposit 2500 everyday by 10am. The vehicles are fitted with tracking gadgets and any trip outside Nbi has to be with my permission. Issues za bundle, fuel and commissions are on their side.By this they have motivation to work for themselves after meeting my target. I have been checking and the guys mostly take home on average more than 2k per day after expenses and they remain focused. Accept no one's definition of your life; define your life.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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kangi wrote:doubletap wrote:kangi wrote:
You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.
Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross? The key person here is the driver. I give instructions that they deposit 2500 everyday by 10am. The vehicles are fitted with tracking gadgets and any trip outside Nbi has to be with my permission. Issues za bundle, fuel and commissions are on their side.By this they have motivation to work for themselves after meeting my target. I have been checking and the guys mostly take home on average more than 2k per day after expenses and they remain focused. @Kangi. Thanks for sharing I was told that Uber is not taking any new vehicles just when i had got myself a vehicle Do you have any experience with little ride? I tried using it last week as a customer and the app was malfunctioning sometimes
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Rank: New-farer Joined: 6/27/2016 Posts: 12 Location: Nairobi
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Any updates of Uber not taking new vehicles? I had already ordered for a vehicle that am expecting sometime this month. Talk of biashara plan gone bad.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Wah! So in the longrun uber will be kama umoinner
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