Well, there are profits to be made in the boda boda business
within Kenya, but they are not super-profits. So for someone who is looking for
normal profits, yes, those can be made in the Kenyan boda boda industry. But for
someone who is looking for super-profits, those may not be available in the Kenyan
boda boda industry. That is the reality.
How profitable your boda boda will be obviously depends on
whether you will be operating it yourself, or you will be employing people to
operate the motorcycles on your behalf.
If you operating the motorbike yourself, you can earn decent
sums of money. But you will have to be spending huge amounts of time on the
bike... and you can only ride one bike at a time.
On the other hand, if you will be employing people to
operate the boda boda for you, the margins will be smaller. I think that in
most places, the arrangement is for the hired operator to give the owner 300
shillings per day, and keep the rest (of course after fueling the motorbike). So
now you see, if you are getting 300 bob per day, that works out to 9,000
shillings per month, and 108,000 per year. Still, within a year, you get recoup the
money you spend on the boda boda. In the subsequent three or four years before
the machine becomes totally battered, you get to earn some good money for
yourself. And at the end of that period, you find that you can still sell the boda
boda for a decent sum of money as a second hand machine. Or you operate it for
seven years and then sell it as scrap...
All
said and done, you stand to earn more through the boda boda business in Kenya than
if you had kept the money in the account! But the super-profits that used to be
enjoyed by the pioneers of the boda boda business in Kenya are not there
nowadays.
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