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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Precious
PreciousKnowledge Seeker
Asked: September 20, 20232023-09-20T15:28:28+00:00 2023-09-20T15:28:28+00:00In: Money & Business

With high cost of fuel, is it profitable to ride bike for money?

Everyone is aware of the high cost of fuel price today but bike people are still riding people to their destination, how are they making money this days? Is the business still profitable?

What’s your thought on this.

offline businessprofitable businessriding bike for money
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4 Answers

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  1. monster_masterpiece
    monster_masterpiece Newcomer student
    2023-09-20T15:39:34+00:00Added an answer on September 20, 2023 at 3:39 pm

    The fuel will disappear one day which means the new attendance of electronic vehicles will be the solution. By the way, some people get money for transport you by the bike but it needs to be legalized on municipality and get legal papers to pay the tax for the state for each earning money otherwiseRead more

    The fuel will disappear one day which means the new attendance of electronic vehicles will be the solution. By the way, some people get money for transport you by the bike but it needs to be legalized on municipality and get legal papers to pay the tax for the state for each earning money otherwise it will be labelled as work without paying the VAT to the state and could handle punishment that could be financial or prison.

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  2. Mike Smith
    Mike Smith Knowledge Seeker
    2023-09-20T16:26:59+00:00Added an answer on September 20, 2023 at 4:26 pm

    Being a commercial bike rider in a country like Nigeria where the cost of petroleum has increased is still a profitable and lucrative kind of business, even despite the increase in the price of petroleum, many individuals still patronize this kind of services and so if you are thinking of being a biRead more

    Being a commercial bike rider in a country like Nigeria where the cost of petroleum has increased is still a profitable and lucrative kind of business, even despite the increase in the price of petroleum, many individuals still patronize this kind of services and so if you are thinking of being a bike rider there is absolutely no problem. Because as for price increase will also increase the price for your services and the people will understand, however if the price begin to drop you must also make sure to ease you consumers satisfaction by also dropping the price of your services, unlike majority of commercial bike riders in Nigeria that loves increasing the price of your services even with the price of petroleum decreasing.

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  3. Allison
    Allison Knowledge Seeker Archiever 💪🏽🔥
    2023-09-20T21:24:21+00:00Added an answer on September 20, 2023 at 9:24 pm

    Yes, we all know that fuel price is high, so when going to climb bike back home or to work, we have to make our budget suits with the price of fuel. To make money riding bike even with the high cost of fuel, you have to try and manage the small fuel you have in your tank. For example, i see so manyRead more

    Yes, we all know that fuel price is high, so when going to climb bike back home or to work, we have to make our budget suits with the price of fuel. To make money riding bike even with the high cost of fuel, you have to try and manage the small fuel you have in your tank. For example, i see so many bike men using their bike for staunt, with this high price of fuel. So as a bike man we should always avoid that, because it’s a waste of fuel.

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  4. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    2023-09-20T22:12:39+00:00Added an answer on September 20, 2023 at 10:12 pm

    Yes, because the bike will work to get you the fuel money. A lot of my schoolmate are now riding bike at some bus stop or junction. They put more effort on the work because from it you can build up a business and start an investment. Riding bike is really good presently now because a lot people thatRead more

    Yes, because the bike will work to get you the fuel money.

    A lot of my schoolmate are now riding bike at some bus stop or junction.

    They put more effort on the work because from it you can build up a business and start an investment.

    Riding bike is really good presently now because a lot people that has cars are now paying transport due to the cost of fuel.

    And another thing is, you have to collect price according to the distance to have something

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