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upl limited (upl) expands into new market ✌️【Customized Planning】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. Money is often tight for university students, but for Chinazom Arinze, a limited income was an opportunity that sparked a business venture.
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“I think I was about 19 or 20 at the time,” Arinze recalls. “I was just doing it because it was fun, and it did bring some money, but then it grew a lot larger than I expected. I started getting consistent customers.
“I started my business with zero money; the only thing that I had leverage upon was connections. I used my network from the car dealership I worked in, and social media.”
upl limited (upl) expands into new market ✌️【Customized Planning】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Arinze says she knew car owners who wanted to monetize their vehicles and knew she could match them with people looking for short-term hires, especially tourists. While there are established car rental companies in Nigeria, such as Hertz and Budget, Autogirl’s vehicles come with drivers, and Arinze says her company offers a greater range of cars and “competitive prices.”
One of the cheapest rentals on Autogirl’s website at the time of writing was a Hyundai, priced at 45,000 naira ($27) per day, and one of the most luxurious was a 2018 Lexus, costing approximately 2.85 million Naira ($1,722) per month. The company lists the average income for its vehicle owners as 7 million naira ($4,230) per car.
“For a good few years, it was just me. I was the secretary, I was the social media manager, I was everything … I was working around the clock,” says Arinze, now aged 26. “The only time I wasn’t working was when I was sleeping and even then, if a customer had an issue at night, I was the only person, so I’d be the one they would call and I’d have to resolve it.
“I had to start bringing people on. I brought (on) a social media manager, an admin manager, finance people and an operations team that works 24/7.”
upl limited (upl) expands into new market ✌️【Customized Planning】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. Now, with more than 3,000 customers, and more than 12,000 rides under its belt, Autogirl also offers boat and even private jet rentals through its website. This June, the company expanded into Ghana and plans to launch in Benin later this year.
upl limited (upl) expands into new market ✌️【Customized Planning】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. Arinze concedes that it hasn’t always been easy for her to work in a male-dominated industry. She says she took classes in auto mechanics and produced social media reviews of cars to demonstrate that she knew what she was doing: “I showed them I had knowledge and then people would say, ‘Oh, she’s not a clueless young girl.’”
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Ultimately, she sees Autogirl expanding elsewhere in Africa, and eventually beyond. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.
“The way people thought that Airbnb did not have a chance because there are hotels all over the world is how people think about us and traditional car rentals — but people pay for more flexibility and variety and that’s what we offer.”
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