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  4. INTRODUCTION Transportation forms part of a human basic survival needs. It is as important as the three basic needs of life which are food, shelter and clothing. Transportation business as been classified to be immune to recession, not seasonal in nature and inadequate to demand, reason it is highly profitable as an investment. Have you had to travel to any of the western state in Nigeria (Oyo, Ogun, Osun, Ekiti or Ondo) in a commercial bus and had to wait endlessly at the park for the commercial bus to get filled before starting the journey. Sometimes we even get deceived by the park tout(agberos) into believing the bus is almost filled up, whereas half of the bus is filled by their members who steps out of the bus one after the other when new passengers arrives at the park. Have you also had to travel in a rackety bus been driven by a careless driver with no safety skills, no respect for passengers , bus break down several times before it reaches it destination and there is no compensation whatsoever. How about a situation where you have to wait endlessly to get change, sometimes you get frustrated and leave the change for the driver or in a commercial bus without air conditioning on a dusty road when traveling and you have to cover your nose all throughout the journey. All these problems and many more is what we at thoughtful thinker has solve with the development of a mobile application called TREK. What is trek: Trek is an online platform that connects interstate road travel passengers to drivers willing to provide such service. Passengers seeking interstate travel service registers on trek, fund e-wallet and can book trips worth the amount in the e-wallet. This trip booking are listed on trek e-motor park garage as available jobs for registered drivers to accept , provide the service and get paid. Available services on trek includes the VIP and COMMERCIAL service. VIP service: This is the booking of a vehicle (cab) service which would kickoff from passenger’s desired location to passenger’s preferred destination. This particular service allows passengers dictate the most important details of a trip, which is the pickup location, destination, date and time. COMMERCIAL service: This service split into three main categories which are the four(4)sitter, seven(7) sitter and fourteen (10) sitter vehicle service. The service allows a passenger to ride with other passengers by booking for this categories of vehicle from a designated pickup points in a city or state to a destination point in another city or state. Kindly visit trek.com.ng or watch YouTube videos in the links below to see how TREK work. https://youtu.be/920HJUuMY24 https://youtu.be/U-zqlxtaisM https://youtu.be/vJ0wgLcJPDs TARGET AUDIENCE: Students at various higher institutions in Nigeria particularly those schooling at the western part of the country. Every other category of people can then key onto it. There is no doubt students are those that have the need to travel regularly from home to school and back home during festive,holiday and during strike. My advert would be targeted towards these set of people online having notices there are no buses with air conditioning currently plying that route on a commercial basis. GROWTH STRATEGY: We are kick starting the project by replicating what we currently have as an existing physical motorparks into an electronic form which is adopting popular motorparks as our online pickup and dropoff location at various western state.e.g Oshodi, Ojota, Challenge, Iwo road.etc. The goal is to have our online motorparks closer to each of our passengers place of residence when users increase within the first six month. COMPETITORS: Individual commercial operators at various interstate motor park in Nigeria and privately owned commercial operators like GUO motors, ABC motors, EKESON motors, YOUNG SHALL GROW motors etc. COMPETITIVE EDGE: TREK technology is built to focus on interstate travel in Nigeria with emphasises on comfort, safety and convenience which the regular commercial operators at various interstate motor park lacks. The privately owned operated companies like the ekeson's ,guo, ABC developed a mobile • That isn’t user friendly as the TREK mobile application. TREK uniqueness includes e-wallet system, booking days reduction, driver’s portal, regular specific message notification and e-motor park/garage where jobs are listed for drivers. • Mobile application is specifically created for each company’s use unlike TREK that is an aggregator of all operators. • Mobile application is tailored to specific state and location unlike TREK that covers every part of the country given the western part a special attention. The TREK think tank group has also carefully studied the interstate transport business in Nigeria and decides to focus on a geographical area which lacks our product offering(comfort and safety) for commercial service. The Western part of the country as been single out as area of concentration which lack quality interstate commercial vehicle with air-conditioning. This I believe doesn’t only give TREK a competitive advantage but a monopolistic advantage. WHY PASSENGER WOULD CHOOSE TREK: • Passengers are guaranteed to ride in a luxurious vehicle with air-conditioning. • Convenience in booking for a ride right from the comfort of your location electronically. • Travel start time determination by passengers. Passengers are guaranteed a start travel time which would most likely be determined by them. • Better passenger’s time management. The time use in waiting in vehicles to get filled up in a physical motor park is put into better use since joining the vehicle is done electronically/online and vehicle get filled up online before travel date • Vehicle tracking system. The system allows the monitoring of vehicles during trips. • An efficient value exchange system. Since the system is e-wallet based it allows an efficient fund exchange system between passengers and drivers. Trek is a middle company that collects service orders with the appropriate fund for orders from passengers ,notifying drivers of such orders with the intention to either pay driver after service must have been provided or refund to passenger if service is eventually not provided. • Platform also allows the booking of a special order service like specific kind of vehicle request and specific kind of trip arrangement. • Safety priority. TREK as carefully chosen drivers and also assign to each driver a specific amount of kilometers that is to be covered daily. Drivers are logged out of the system once this limit has been achieved daily which keeps them refreshed for the next day job. • The system allows passengers rate drivers after each trip, which helps TREK make better safety decisions. • Better unforeseen situation(accident) management. Next of kin phone no has been collected during registration and insurance cover would be introduced. • Cryptocurrency would be accepted has a form of payment in the nearest future. • Cargo service option would also be introduced in the future. BRINGING TREK TO THE KNOWLEDGE OF USERS. TARGET AUDIENCE: The trek management team as identified students of tertiary institution in Nigeria as it preferred target audience. Since the majority of internet users in Nigeria are students (teenagers and youth) and according to https://www.paymenta.com/statistics/183849/internet-users-nigeria/ seventy five percent (75%) of users are on social media, trek would like to leverage on social media to reach the target market. Highlighted below are list of the marketing promotional strategy trek would like to embark on in achieving the three month sale target. • Shooting two short promotional video of 30 seconds to 1min = 200,000 naira. The first is to be an instructional video that teaches users how to use a mobile application while the second video is to be a promotional video to boost mobile application popularity. • The trek management team as budgeted 5000 views for video adverts on Instagram. Cost of advertising on Instagram per thousand view is 6.70 dollars(2,800) at the rate of 400 naira per dollar. 2,800 × 5 = 14,000 naira • Promotional videos would also be posted on Facebook and 5,000 views as been marked for Facebook. Cost of advertising on Facebook is 10 dollar per thousand view (4,000) at the rate of 400 naira per dollar. 4,000 × 5 = 20,000 naira. • YouTube advert cost between .10 dollars to .30 dollars per view. Converted to naira at the rate of 400 naira per dollar is 40 naira – 120 naira per view. 1000 view as been budgeted which would cost 40,000 naira - 120,000 naira • Advertising on twitter is a little bit complex, I would just have to do a rough budget of how much I won’t be exceeding which is 100,000 naira. • Giving 100 to 500 new users 1000 naira worth of free ride each on the commercial service platform which is = 100,000 – 500,000 naira. This strategy is to encourage/seduce users into testing the platform. Trek believes a trial would convince users. • Running a referrer promo. Each VIP passenger referred attracts 500 naira while each commercial passenger referred attracts 100 naira. The referrer bonus would be earn after passenger must have taken his or her first trip. Referrer bonus is paid after money is made so money made would be use to pay these bonuses. • All VIP passenger gets 10℅ discount on all trips taken within the first three month of operation. This means trek would not earn commission for all VIP trips within the first three month of operation. This promotion would be sorted out with trek’s commission. • Different Facebook pages, Instagram pages, twitter pages and WhatsApp group related to target audience has been identified for daily promotional post. This task would be assigned to a member of my family and friend that believes in my idea to execute. MOBILIZATION OF DRIVERS:The trek business system is built on the philosophy of demand and supply which simply means passengers service demand meeting up with drivers availability. Our goal is to engage drivers who currently work in the transportation industry and who's vehicle fit into our project model. We can't map out plan on how to woo passengers and not consider how to also woo drivers onto the platform so we wish to inform potential investors that we would be leveraging on uber and taxify(bolt) drivers and also drivers who drive buses on a higher purchase agreement and are currently attached to a private transport company's motorpark to get interstate trips to meet their higher purchase instalment payment Trek wishes to inform potential investors that plans has been made to give drivers from the popular uber and taxify platform the opportunity to have Trek as an additional source of revenue in meeting up with the VIP service demand. Trek management team also plans to woo commercial drivers who owns either a 7 seaters vehicle or 14 seaters through a referrer promo. Any person that refers these kind of drivers would earn 2℅ out of the 10℅ commission made by trek on each trip taken by each of these set of drivers. Management have also approach existing inter state operators and plan is under way to register interested drivers onto the trek platform. BUSINESS PROFITABILITY: The trek system is built to charge ten(10%) percentage commission on all payment made for trips taken on the platform. Since trek is built to focus on interstate travel, it is assumed that the minimum amount expected to be paid for the shortest trip on trek shouldn’t be less than ten thousand naira(10,000). Trek would then make a minimum of one thousand (1,000) per trip (10%). Trek is expected to hit ten(10) trips per day trench old within the first three month of operation. At this stage trek would earn a minimum of ten thousand naira(10,000) daily, seventy thousand naira (70,000) weekly and two hundred and eighty thousand (280,000) naira monthly as commission. We hope you find this business opportunity interesting enough to invest in to become a partner and co-owner. Interested investors can reach me on 08059290962 Olowuoluwaseun@yahoo.com Oluwaseun@treck.com.ng
  5. Hello People!!! Am here to Introduce you to the best Investment and saving opportunities for the month of June 2019 FOR INVESTMENT 1) Risk Free Forex trading - Ngexchanger investment Forex trading can be difficult if you are doing it yourself, because you may lose all your money... I have tried with binomo, iqoption and lost my cash so I decided to look for professionals who will trade on my behalf.. I found 3. But the one am introducing to you started 2weeks ago... Ngexchanger is a company registered by CAC and has been around for a few years, it's similar to instantgold since they both buy and sell Bitcoin, Skrill, PayPal, ethereum etc. Recently, Ngexchanger partnered with a trading company and will help invest your money, let your mind be at rest because they will also bear the risk so you get your money back with interest. How does it work? Sign up at https://invest.ngexchanger.com/?ref=YOVuh After sign up invest (btw 35,500-millions). So let's assume you invest 100k on a Monday.. The next Monday (a week after) that's 7days... You start receiving 5k every Monday for 6months. After 6months... They will remove 10% of ur initial capital... as service fee and pay u the rest which will be 90k. So you make 20k every month and get 90k back after 6months. 2) I-invest by Sterling bank :This app allows you buy treasury bill from your phone. The minimum is 100k. Once you buy, your 100k starts increasing daily based on the Percentage of the one you bought. After the stated time (few months to a year) you cash out with interest. Sign up https://i-investng.com 3) Wealth.ng: This website simplifies shares purchase.. you can easily buy shares of as little as 5000naira (They have MtnNigeria shares). You can also buy treasury bills and make about 12% p.a sign up at wealth.ng For savings: 1) PIGGYVEST, you must have heard of this app, this popular savings app has been approved to have it's own microfinance bank, with the app you can save and make 10-13% on your savings p.a. The app makes it easy to save and you can save as little as 10naira when you have it. Recently the app has been updated to have various investment features so you can invest in mutual fund, agriculture etc. With as high as 12-20% interest. This app is the best.. You should check it out sign up link https://piggyvest.com/l/1305240 2) Cowrywise: This app is similar to the piggyvest app... There is good savings and investment opportunities in the app. It has added feature of letting you and your friends contribute together and receive the money in cycle like ajo but with interest Signup link https://get.cowrywise.com/r/Olayemi6pqOGZ/ We have other savings app such as kolopay, alat by wema etc. We also have various investment app such as thriveagric for agriculture investment and many others. Invest to achieve financial stability... Don't give up.. keep saving.
  6. Hello guys, I stumbled into a youtube channel called 3headnetwork. Those guys claimed to be expert in binary.com by showing videos and also can invest for someone. I wish to invest with them but want to get 3rd party option. I want us to verify their identity if real to avoid be scammed. Their details ( Email: 3headnetwork@gmail.com whatsapp: +2348189477759 ). Thanks.
  7. You need to have a retirement plan in your youth life. My best plan for it is that i save money before spending on my expenditures. I was not a fan of saving but an incident happened to me and I had to borrow some money from people. It was one of the changing moments of my life.
  8. I think that the lose of patience is one of the most important aspect. Many people invest money and think that they will become millionaires. This is the wrong mentality. You need to have a lot of patience. Try to remain calm and make the best decision for yourself.
  9. I agree with this statement. You should always try to expand your options all the time. I know that not everyone has the luxury to invest in different things but you should do it if you have the resources. The trademark of a successful is that he always looks around in different things.
  10. You need to give more importance to the taxation aspect of things. The tax authorites are getting strict. You don't want to get in trouble with the law. You need to surround yourself with people that are good for you. People that will tell you harsh truth than sweet lies.
  11. For me, investment funds are always a good option. There are better options for investment and earnings when all individual funds are collected into mutual or investment funds. There are also professional fund managers whose job is to look for best investment opportunities
  12. Contemporary living became so unpredictable more than ever before in which sense live insurance can provide at least some guarantee that in time of stress financial support will be at disposal. I see also that costs of insurance are minimal in respect to its benefits
  13. Most likely the reason is bonuses. Bonuses are awarded on Olymp Trade at deposit from $30. In the future, these bonuses can be very useful if you lose and you have a second chance to win back the losses.
  14. I would include also interest rate risk if project is financed by bank loan or any other type of loan. The price of loan is interest rate which lately have both fixed and volatility part. Although fixed part is known and does not represent risk, volatility part of interest rate can impose huge risk
  15. Excellent topic with nicely explained retail funds.Somehow I feel that retail funds are sort of neglected among all other means of investment,but they are offering excellent opportunities for diversification of investment portfolio and of course, nice earnings.Very good option for all individuals
  16. Nelson, I don’t see that this insurance is created only for wealthy people. All people can apply for this insurance and I find it quite useful to sign for a policy as it provides policy-defined financial support to the family of policy owner
  17. I see that the general problem with starting own business is luck of knowledge of finances. Many people have a good idea which can be basic for good business plan. But without idea how finances and market are functioning many businesses fail
  18. Investment funds can be an excellent option for people who do not have time to spend trading and analysing the best option for their own portfolio or it might be that they don’t have access to some markets. In this sense, leaving management of your funds to professionals is a good way to proceed
  19. I think that we need to take into account current development with pension funds in the whole world. The truth is that they are not doing so well and state pensions are relatively small in relation to cost of living. I see kind of solution in private pension funds and personal investment plan
  20. I find this topic as very important for any sort of business. Higher risk brings higher profits but due to risks that cannot be controlled, the same investment can bring huge losses. So, the question is if specific business proposal is worth to be supported through investment?
  21. Why the consultant recommends me to deposit more than 10 dollars?
  22. Personally, I find the need and significant benefits of signing a life insurance policy. Simply because we live in such unsecure world and especially in relation to world economy. I find life insurance as a good way to protect my family at least financially
  23. Asset allocation is one of the major concepts in finance. Apart that its significance in investments and fund management, It is also very important in any other business. Understanding and following this concept provides the best results for given operational plan
  24. Very well explained differences between instruments.Both investments have their pros and cons so which one is better can be said only by investors risk preferences. Debt instruments are generally treated as less riskier from equities,but they both have own risks.An investor should be aware of it
  25. Life has become so much unpredictable. A rainy day is just round the corner. I believe that to help yourself at such times, you need insurance. You don't want to become a burden on anyone. There are so many types of insurances. You can get anyone of them depeding upon your circumstances.
  26. Nigeria - Asia/Australia Joint Trade Mission (JAPAN - KOREA - AUSTRALIA) The Trade mission is an annual trade delegation, promoting the development of trade, business, commerce, investment and industrial technological relationship between the public and private sectors of Nigeria and countries involved, to further drive socio-economic growth and development for all. Themed as Developing Partnership for Business Growth. This is a Trade Nigeria, Globe Chamber of Commerce and Industry, Transnational Trade and Commerce Centre joint trade partnership program. It is a six days per country trade and investment mission Trade Nigeria.....Developing business opportunities Nigeria-Asia/Australia Week and Joint Trade Mission is an annual bilateral innovative, business and economic platform to enhance joint trade, investment and economic opportunities among nations involved. This Joint Trade Mission to Australia is about Business, Investment, Trade, and Economic Exchange, to strengthen the bilateral relationship between Nigeria and Japan, Nigeria and Australia and Nigeria and Korea which promotes joint trade and business, enhancing a stronger international trilateral relationship. The producer, Globe Chamber of Commerce and Industry (GCCI) is to embark on a trade mission to Japan, Australia, and Korea. Nigeria-Japan, Australia and Korea Week and Joint Trade Mission (the Business Investment, Trade, and Economic Exchange) will be held in Australia. Each country's program will promote a lot of local and international businesses, factories, investments, companies, industries, locally made goods, products and services, visitors, traders, and investors from the countries selected. Nigeria-Japan, Australia and Korea Week and Joint Trade Mission is a yearly trade, goods, services and consumer exhibition, conference, and networking program dedicated to offering the best business, Investment, trade Opportunities that builds wealth, support international networking, business development, and economic exchange. Objectives Global trade delegations and trade investments Business, investment, trade, commerce, and economic exchange Globe trade exhibitions, forums, and expos Trade B2B meetings transnational Trade fairs, seminars and summits Nations' joint trade mission Multinational trade weeks International and Bilateral trades and commerce Trade imports, exports products and logistics services Trade imports, exports products and logistics services Trade projects and programmes Trade consulting Anything trade and commerce Nigeria-Asia/Australia Week and Joint Trade Mission to Australia is produced by Globe Economic Development Council (GEDC) and Globe Chamber of Commerce and Industry (GCCI), World Trade Summit and Expo Organisation and Globe Trade Mission. This project is a joint initiative and partnership with Transnational Trade and Commerce Center, Ministry of Foreign Affairs, World Trade Summit & Expo Organization, Nigerian Embassy, Australia, Globe Chamber of Commerce and Industry, States and Federal Government of Nigeria. #business #investments #government #trading #trading #economics #commerce #partnerships #economicdevelopment #traders #internationalbusiness #joints #joints #nationalism #promoters #organics #initiation #industrialization http://nigeriaweek.org/ http://tradenigeria.org/ http://nigeriatrademission.org/
  27. Preparing for retirement is not an easy thing. You need to invest your money if you want to live a happy life after retirement as you will not be able to survive on your savings forever. I believe that real estate is the best option if someone is interested in dealing with properties.
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