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What to do with 2.4M
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obiero
#31 Posted : Tuesday, December 29, 2015 12:48:46 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Mukiri wrote:
tnai9 wrote:
I promised to report back.
in the last 4.5mo months, I have managed to grow my 2.4M to 2.85M, have sold 4 cars after advice from a close friend who had like 1 yr experience. I been kinda stingy on myself but I plan to still get professional advice from @Premio but its a business I would like to continue doing,.
The new taxes have destabilized the business a bit but I wont give up. I was lucky a few times, there is one car that was bought 1 day after landing, another 2 - after a two weeks and one after two months.

Interesting. Is the car business that lucrative? With all these full car yards, and people reselling their cars?

Where exactly do you buy these cars? ie Acount with which firm? And where do you sell them? Show ground?

Well in @tunai.. Kudos

KQ ABP 4.26
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tnai9
#32 Posted : Tuesday, December 29, 2015 7:42:08 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
Mukiri wrote:

Interesting. Is the car business that lucrative? With all these full car yards, and people reselling their cars?
Where exactly do you buy these cars? ie Acount with which firm? And where do you sell them? Show ground?


I buy them from the ordinary sites-sbt, delights. And yes we advertise them on normal sites - olx etc. Have a 'network' of yards and sales guys who are quite aggressive and they also get referrals.
In the few months, I have learned that the quality(how clean) of the car and extras really matter. This means looking for particular features that will make the car unique. Also noticed that Toyos move fast, though the margins are lower. The other uncommon cars move slowly but the margins are higher.
You also need to bargain and get a good deal in Japan so that you can offer a competitive price.
Halafu pia ule na wenzako, rudisha mkono, honesty etc.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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  | | Edit by user: Tuesday, December 29, 2015 7:43 AM | Reason: Not specified
jerry
#33 Posted : Tuesday, December 29, 2015 8:27:25 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
tnai9 wrote:
I promised to report back.
in the last 4.5mo months, I have managed to grow my 2.4M to 2.85M, have sold 4 cars after advice from a close friend who had like 1 yr experience. I been kinda stingy on myself but I plan to still get professional advice from @Premio but its a business I would like to continue doing,.
The new taxes have destabilized the business a bit but I wont give up. I was lucky a few times, there is one car that was bought 1 day after landing, another 2 - after a two weeks and one after two months.

Which make/model do you think is the hottest in terms of selling fast?
The opposite of courage is not cowardice, it's conformity.
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tnai9
#34 Posted : Tuesday, December 29, 2015 8:44:28 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
jerry wrote:

Which make/model do you think is the hottest in terms of selling fast?

The so called kenya uniform - fielders/premios/allions/Voxies. A good unit out of this at a competitive price will sell very fast. The margins may be low though.
But this is from my very limited experience.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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limanika
#35 Posted : Tuesday, December 29, 2015 5:31:44 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
tnai9 wrote:
jerry wrote:

Which make/model do you think is the hottest in terms of selling fast?

The so called kenya uniform - fielders/premios/allions/Voxies. A good unit out of this at a competitive price will sell very fast. The margins may be low though.
But this is from my very limited experience.

Good hustling.Do you park the car's in a particular yard or you park at home awaiting buyers?
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tnai9
#36 Posted : Wednesday, December 30, 2015 8:38:07 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
limanika wrote:

Good hustling.Do you park the car's in a particular yard or you park at home awaiting buyers?

It depends, if it arrives on a saturday, I 1st try my luck in Jamhuri, if I dont succeed, I give it to the yard guys and share the info with the other yards about the car. If I get a customer immediately I park at home/work(unprofessional)
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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limanika
#37 Posted : Wednesday, December 30, 2015 3:21:41 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
tnai9 wrote:
limanika wrote:

Good hustling.Do you park the car's in a particular yard or you park at home awaiting buyers?

It depends, if it arrives on a saturday, I 1st try my luck in Jamhuri, if I dont succeed, I give it to the yard guys and share the info with the other yards about the car. If I get a customer immediately I park at home/work(unprofessional)

OK OK. So you don't add extras?
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Chaka
#38 Posted : Thursday, December 31, 2015 4:06:59 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
tnai9 wrote:
I promised to report back.
in the last 4.5mo months, I have managed to grow my 2.4M to 2.85M, have sold 4 cars after advice from a close friend who had like 1 yr experience. I been kinda stingy on myself but I plan to still get professional advice from @Premio but its a business I would like to continue doing,.
The new taxes have destabilized the business a bit but I wont give up. I was lucky a few times, there is one car that was bought 1 day after landing, another 2 - after a two weeks and one after two months.


What happened to the plan of becoming a landlord huko Embakasi?
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tnai9
#39 Posted : Monday, January 04, 2016 9:31:20 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
limanika wrote:

OK OK. So you don't add extras?


Nope, cars sold 'as is'. I ensure I get a clean unit from JP.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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  | | Edit by user: Monday, January 04, 2016 9:33 AM | Reason: Not specified
tnai9
#40 Posted : Monday, January 04, 2016 9:33:04 AM
Rank: Member

Joined: 6/21/2010
Posts: 345
Location: easto
Chaka wrote:


What happened to the plan of becoming a landlord huko Embakasi?


Shelved it for sometime. Wanted to grow the capital first then can venture into real estate.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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