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When your employer does not remit Pay As You Earn [16]
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Uber as an Investment [94]
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Uber as an Investment
Mkimwa
#21 Posted : Tuesday, July 26, 2016 1:15:51 PM
Rank: Member


Joined: 10/26/2008
Posts: 373
Uber is reducing prices effective end of week by 35%.

Fares reducing from 60bob to 35 Bob, per minute reducing from 4 to 3shs. Min fare reduces from 300 Bob to 200 Bob. introducing wait charges. They will give hourly guarantees of 450-550bob to the partners.

Basically, they are doing the same experiment they did all over the world.

Tafakari hayo.
streetwise
#22 Posted : Tuesday, July 26, 2016 1:34:50 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,739
Location: Nairobi
Will they be able to pay the car owner.

Or may I ask differently did it work else where ?
Mkimwa
#23 Posted : Tuesday, July 26, 2016 2:13:52 PM
Rank: Member


Joined: 10/26/2008
Posts: 373
In south Africa, it flopped and they had to revert pricces.

In Nigeria, it worked, and they made the changes permannent

In New York, they reduced prices 3 times.

As an investment, it looks bad. It will now make sense if the driver is the owner of the vehicle.
streetwise
#24 Posted : Tuesday, July 26, 2016 4:56:22 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,739
Location: Nairobi
Just like a kiosk, its a do it yourself business
Kurious
#25 Posted : Wednesday, July 27, 2016 8:13:17 AM
Rank: New-farer


Joined: 6/26/2013
Posts: 15
streetwise wrote:
Will they be able to pay the car owner.

Or may I ask differently did it work else where ?



They have entered into a partnership with Total for Uber drivers to enjoy reduced fuel prices at select Total stations.

They are fine tuning their model by also dealing with the expenses angle as well so the drivers margins don't become too thin.
MaichBlack
#26 Posted : Wednesday, July 27, 2016 8:43:21 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
Mkimwa wrote:
Uber is reducing prices effective end of week by 35%.

Fares reducing from 60bob to 35 Bob, per minute reducing from 4 to 3shs. Min fare reduces from 300 Bob to 200 Bob. introducing wait charges. They will give hourly guarantees of 450-550bob to the partners.

Basically, they are doing the same experiment they did all over the world.

Tafakari hayo.

Competition! Good for the customer. Of course some companies will not be able keep up and will fall by the way side but that is nature - survival for the fittest!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
sitaki.kujulikana
#27 Posted : Wednesday, July 27, 2016 6:08:34 PM
Rank: Veteran


Joined: 8/25/2012
Posts: 1,826
streetwise wrote:
Just like a kiosk, its a do it yourself business

I think some went in the matatu business way
KulaRaha
#28 Posted : Monday, August 22, 2016 9:37:23 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,455
Meanwhile, seems the usual Kenyan sickness of theft & corruption is slowly infecting the Uber model:



Business opportunities are like buses,there's always another one coming
KNM
#29 Posted : Friday, August 26, 2016 3:42:35 PM
Rank: Member


Joined: 10/28/2008
Posts: 40
Uber is very convenient, of that there is no doubt. But as an investment....erm...

My problem is, why would I get into an arrangement where I own almost all the liabilities. Car(depreciating asset), fuel, insurance, service(recurrent expenses) maybe a loan(interest).

Even if I am getting a bigger chunk of the revenue, I am also bearing the weight of not only more costs but the costs with greatest variability.
The crowd will cheer your coronation as well as your beheading. People like a show, that's all.
The Great
#30 Posted : Saturday, September 10, 2016 5:30:59 AM
Rank: Member


Joined: 9/9/2015
Posts: 233
Both investments suck.
"Buy when there's blood in the streets, even if the blood is your own."
Kurious
#31 Posted : Friday, September 23, 2016 2:21:21 PM
Rank: New-farer


Joined: 6/26/2013
Posts: 15
streetwise wrote:
Just like a kiosk, its a do it yourself business



I couldn't agree more
kaka2za
#32 Posted : Friday, September 23, 2016 2:58:39 PM
Rank: Elder


Joined: 10/3/2008
Posts: 3,642
Location: Gwitu
KNM wrote:
Uber is very convenient, of that there is no doubt. But as an investment....erm...

My problem is, why would I get into an arrangement where I own almost all the liabilities. Car(depreciating asset), fuel, insurance, service(recurrent expenses) maybe a loan(interest).

Even if I am getting a bigger chunk of the revenue, I am also bearing the weight of not only more costs but the costs with greatest variability.



Stay out of business because that is the case with 99% of business ventures.
Lolest!
#33 Posted : Friday, September 23, 2016 5:55:16 PM
Rank: Elder


Joined: 3/18/2011
Posts: 11,783
Location: Kianjokoma
KNM wrote:
Uber is very convenient, of that there is no doubt. But as an investment....erm...

My problem is, why would I get into an arrangement where I own almost all the liabilities. Car(depreciating asset), fuel, insurance, service(recurrent expenses) maybe a loan(interest).

Even if I am getting a bigger chunk of the revenue, I am also bearing the weight of not only more costs but the costs with greatest variability.

Because the taxi app companies assure you of business and transparency
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
gatoho
#34 Posted : Monday, September 26, 2016 4:01:53 AM
Rank: Member


Joined: 1/1/2010
Posts: 505
Location: kandara, Murang'a
A car in Uber nets over 60k a month. Half decent if you ask me, and that's with a hired driver
Foresight..
gatoho
#35 Posted : Monday, September 26, 2016 4:04:43 AM
Rank: Member


Joined: 1/1/2010
Posts: 505
Location: kandara, Murang'a
streetwise wrote:
Just like a kiosk, its a do it yourself business

No its not. There are people with fleets in uber
Foresight..
penkon
#36 Posted : Monday, September 26, 2016 9:58:43 AM
Rank: New-farer


Joined: 3/12/2014
Posts: 94
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+
kangi
#37 Posted : Tuesday, November 15, 2016 6:43:30 PM
Rank: Member


Joined: 7/23/2009
Posts: 524
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.
Accept no one's definition of your life; define your life.
Cornelius Vanderbilt
#38 Posted : Wednesday, November 16, 2016 9:34:21 AM
Rank: Member


Joined: 8/15/2015
Posts: 817
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!
Liv
#39 Posted : Wednesday, November 16, 2016 11:29:09 AM
Rank: Veteran


Joined: 11/14/2006
Posts: 1,303
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.
Gathige
#40 Posted : Wednesday, November 16, 2016 4:04:33 PM
Rank: Veteran


Joined: 3/29/2011
Posts: 2,098
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.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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