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Uber as an Investment
Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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Gathige wrote:Liv wrote:Cornelius Vanderbilt wrote:kangi wrote:penkon wrote:gatoho wrote:streetwise wrote:Just like a kiosk, its a do it yourself business No its not. There are people with fleets in uber true there are people i know with like 50+ You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month. whose that governor who put in 80+ uber cars on the streets? eish! Problem in Kenya is that we copy each other too much and we suffer from "grabbiosis".... Everyone now is buying vehicles to put under uber....or one of the other companies. Unless the entry is controlled we will have some oversupply soon. But that is good for the consumer. A colleague who has a teenage Son told me of how whenever he want to go to town with his peers, they just hail an uber, and it comes, they share the cost. Taxis are now becoming easily available. I know of corporates who now want o go the uber way- Just hail and pay, without having a contracted taxi co. . PwC have gone uber now. 60% Learning, 30% synthesizing, 10% Debating
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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Thitifini wrote:Gathige wrote:Liv wrote:Cornelius Vanderbilt wrote:kangi wrote:penkon wrote:gatoho wrote:streetwise wrote:Just like a kiosk, its a do it yourself business No its not. There are people with fleets in uber true there are people i know with like 50+ You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month. whose that governor who put in 80+ uber cars on the streets? eish! Problem in Kenya is that we copy each other too much and we suffer from "grabbiosis".... Everyone now is buying vehicles to put under uber....or one of the other companies. Unless the entry is controlled we will have some oversupply soon. But that is good for the consumer. A colleague who has a teenage Son told me of how whenever he want to go to town with his peers, they just hail an uber, and it comes, they share the cost. Taxis are now becoming easily available. I know of corporates who now want o go the uber way- Just hail and pay, without having a contracted taxi co. . PwC have gone uber now. Good to know that. That's a good indirect endorsement. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Thitifini wrote: PwC have gone uber now.
So its like PWC has many employees here and they are always on the move?
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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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? 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: Elder Joined: 4/30/2008 Posts: 6,029
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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? Can't the driver occasionally switch off Uber to do his own stuff??
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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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
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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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 Sometimes I tend to think that investing in the transport industry (where you dont drive the vehicle yourself) only makes sense for high capacity vehicles e.g 33 seaters and above for these reasons. - The stress of a 33 seater is more or less the same as that of a 14 seater or a cab (uber). If the stress of managing is the same, a higher capacity vehicle makes more sense. - Whether you like it or not, the cops, the crew and mechanic are out to fleece you. With a high capacity vehicle, you will still be left with a reasonable amount after the thuggery (above 8k). It makes more sense to leave your house to go and collect 8k than 3k or less from low capacity vehicles. The amount of fuel you will use etc is constant hence makes better sense if you have a high capacity vehicle. - A high capacity vehicle depreciates at a lower rate than a low capacity vehicle. - A high capacity vehicle has minimal pressure to upgrade. For instance, nobody checks the number plate of a high capacity vehicle because the age is irrelevant. The only thing that matters is it's condition. You can have your bus for over five years without seeing a major decline in earnings as long as it remains in tip-top condition. For Uber or a 14 seater, you get relegated as the vehicle grows old...maybe 3 years max. The only problem with high capacity vehicles is the large capital outlay. If I was to venture into the transport industry, I would start with a 14 seater and figure out how to get a 33 seater as soon as I get the necessary experience.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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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 If Obiero did it, Who Am I?
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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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.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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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 drivers who keep on switching off the uber app tend to get suspended from using uber (fraud). and as long as the uber app on the driver's phone is on they can track the driver. so it is easy for them to see the client calling for a trip to say the airport then cancelling only for the driver to go to the pick up point and travel all the way to the airport. uber fees are already pretty low, so makes no sense for a client cancel to get a cheaper ride. more so when you end up paying for it in your next ride. still, kenyans are a stupid lot generally, at times we make decisions against our own best interest.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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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!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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You can track your car on their app...how will the driver do private trips unless he switches off his phone? 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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mkenyan 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 drivers who keep on switching off the uber app tend to get suspended from using uber (fraud). and as long as the uber app on the driver's phone is on they can track the driver. so it is easy for them to see the client calling for a trip to say the airport then cancelling only for the driver to go to the pick up point and travel all the way to the airport. uber fees are already pretty low, so makes no sense for a client cancel to get a cheaper ride. more so when you end up paying for it in your next ride. still, kenyans are a stupid lot generally, at times we make decisions against our own best interest. Really? I thought these guys have all apps-uber, mondo, sendy, little...
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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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 thought cancellation fee is fixed at 200 bob? If Obiero did it, Who Am I?
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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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Lolest! wrote:mkenyan 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 drivers who keep on switching off the uber app tend to get suspended from using uber (fraud). and as long as the uber app on the driver's phone is on they can track the driver. so it is easy for them to see the client calling for a trip to say the airport then cancelling only for the driver to go to the pick up point and travel all the way to the airport. uber fees are already pretty low, so makes no sense for a client cancel to get a cheaper ride. more so when you end up paying for it in your next ride. still, kenyans are a stupid lot generally, at times we make decisions against our own best interest. Really? I thought these guys have all apps-uber, mondo, sendy, little... they do. i know of at least three different cases where the switching off of the app was one of the reasons for suspension of cars on their service. they monitor all sorts of behaviours. another one that they monitor and sanction is where drivers collude with clients such that the specific drivers get to pick the rides from said clients.
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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Uber is Great! Over the weekend, needed to move from Wilson Airport to Yaya Centre. Checked the yellow cabs and they told be the fare is 1k. Hailed an Uber and it charged me 350 Kes. Long live Uber. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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You are right, the yellow cabs are just that YELLOW.
Wonder why any one would use them ?
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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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. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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Getting crowded? Quote:Safaricom-backed courier firm Sendy has terminated its online taxi hailing service to concentrate on its core logistics business at a time when competition in the cab sector is growing.
Sendy Ride, the on-demand taxi and motorcycle service offered by the company, was shut down last month after just two months in operation.
Meshack Alloys, the Sendy chief executive officer, said they have been piloting the taxi business and the decision to pull the plug on it will enable the company expand its courier services.
Competition in the taxi hailing business has been growing since San Francisco based Uber launched in January 2015, with companies like Mondo Ride, Little Ride, Taxify, Easy Taxi and Pewin now offering similar services. More: http://www.businessdaily...460062-q7of3g/index.htmlSent from my Black Nokia 3310
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