I know you don't have enough money to invest in a car to become a self-employed driver. I know you can't become an ola cabs driver with their own car because it will consume your full time and returns won't be satisfactory. I know some of you even can't drive so that's impossible to earn money with ola cabs in that case.
What if I tell you that you still can make money with ola cabs on a monthly basis if you don't have money to buy a car, don't know driving, don't know how to partner with ola cabs, don't own a car, even don't know anything about it (ola, blah blah blah, etc.). You must be saying I'm crazy but I'm not. In this post, I'll prove to you that you can do it with an empty pocket.
Just understand this. Nobody in this world is free. Everyone does anything for a living, someone does the job, someone does business. Very rare people sit without work nowadays. If you're not doing anything (small or middle job or business), then this would be a little hard for you. I'm going to show you step by step that how can you achieve this goal.
1. You need to get a loan for min or microcar from your bank or another finance company. If you do a little business (like running a general store or anything's store) then this would be easy for you to get a loan of 2 - 2.5 lakhs rupees. If you do a Job then also it would be easy. So figure it out. If you do nothing then talk to your parents, friends or relatives to get a loan for you so that you could buy a second hand (not so second hand but a little old) car to drive.
2. After getting the loan amount, you need to buy a second hand (2-4 years old with good condition and not more driven than 20,000 km). A second-hand microcar would cost you somewhere between 1.5 to 2 lakhs rupees.
3. After getting the car, you need to finish it with tires check, engines check and all the things to assure it's working fine. (You can hire a mechanic in 1 to 1.5 thousand rupees to check the condition of the whole car. Just fix all the issues to make sure the car is healthy enough to run for the next 5 years without a huge problem.
4. Get Permit for your car from R.T.O for commercial use. Get an Insurance for the car for the next 5 years. All of this would cost you around 20 to 25 thousands rupees.
5. Get someone (especially an unemployed one who can drive the car for you) to drive the car for full time to make most of the income. You can get someone easily because of lots of low salaries or unemployed persons are around. If you can't get personally then advertise in the newspaper for a full-time driver. Now you're ready for the OLA Cabs process to make money.
6. Register yourself (and your car) in OLA Cabs by going to their official website HERE. Now after filling complete details, the Ola team will contact you for further process. Your registration would be completed in under 2 hours and then you're ready to drive your car (via your choose driver). Registration is free. Check out the video to know the full process for OLA Cabs registration.
Ola Cabs drivers earn somewhere around 30,000 to 50,000 in small cities after OLA's cut. If you're 50/50 partner with your driver then you can earn like 25,000 per month. The EMI for your loan would be somewhere between 8,000 to 12,000 per month. Now you can earn 10 to 15 thousands rupees per month for almost 5 years without doing anything. If you can drive a car perfectly then this job would save you another 25,000 rupees and you earn a full of 35,000 after Loan EMI deduction. After 5 years. If you sell your car in half of its original prices, even so, it would benefit you another 1 to 1.5 lakhs rupees after completing your full loan. The math is 35,000 X 60 = 21,000,00 (2.1 million rupees) you earn in five years and selling the car would give you 1 to 1.5 lakhs rupees as a bouns.
If most of you think it's not an easy job for you and consider it some hard job then this world is not for you. You can't progress in life if you can't understand business strategies and walk with it. Hurdles is a part of life and to become successful, don't choose the easy path, always choose hard paths because easy paths would only give you bread to live. But not butter to enjoy.
If you start this at an early age, you would earn crores of rupees in your retirement. If you're unemployed then start learning driving because it's a very good job for a living without investment. If you earn very little to fulfill your family's or your's requirement then it would be a great business for you.
Keep in mind that OLA Cabs has another option for you if you don't have a car. They give you the car to drive but cut a big portion of your earning as rent. If you're comfortable in it and don't want to pay or pass the loan then choose this option. How you can do it, is given in below's tutorial video.
You can also link your bike or Autorikshaw in OLA if you have one. Unemployed people can run the bike for OLA. Purchasing a bike is not a hard task for most of the people. A bike would cost you 40 to 60 thousands rupees. You can get a bike with their savings or with the help of parents/relatives/friends. During their earning, they can return their borrowed money in installment. Check out given below video for OLA Bike.
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