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Nepal lies between two of the fastest growing economies of the world, India, and China. As a least developed country, Nepal is entitled to preferential treatment in a number of rich markets. Two other advantages, according to investors already in Nepal, are a low-cost and non-hostile workforce and a small and accessible bureaucracy.
There are lots of potential business opportunities in Nepal. I have managed to come up with 10 online business ideas that can be started for less 50K. They are applicable in the context of Nepal and elsewhere as well. If I have missed any idea the cost of a particular, please let me know by commenting below. I will add the good ideas that I receive from you.
Top 10 Online Business Platform to Earn Money in Nepal
1 Online Shopping/E-Commerce Store
Online shopping sites are increasing exponentially in Nepal and I think the market is yet to be saturated. I know a few people who have been making a good deal of money by opening a Facebook page, hunting for cheapest prices and selling them through the page. If you can cater to niche markets, there is still a good enough market for yet another online business.
2 Web Designing and Hosting
Web designing and hosting are thus emerging as a big small business which gives sure shot profit in the long run. With new companies emerging every passing day, and with e-commerce and e-business being the future way to market things, the web design and Hosting field is surely set to stay for a long time to come.
Blogging is one of the best small business ideas for beginners. It is not a difficult challenge to become a blogger if you have good knowledge of using the internet and are good with words. You can start blogging about your hobbies or anything that you are interested in and you have the freedom to become as creative as you want when you give yourself this platform in blogs. You will be surprised as to how many people you can reach of different countries through blogs. Then you can make money by monetizing your blogs through the advertisement companies that pay by advertising their products through your blogs.
4 Online News Portal
Online News Portal is the best ideas to establish your brand. online news portals are spreading like an epidemic these days in Nepal. Easy to set up and compete, online news portal could be your thing if you are a student of journalism or media or if you have already been working for a media house but want to start something on your own. I think, now it’s time for specific online news portals as there are too many general news portals already. When you give yourself this platform in News Portal. You can make money by advertisement companies that pay by advertising their products through your Website.
YouTube is a great platform to perform your talent in a visual format. It is not a surprise but you should know that YouTubers make a pretty decent earning their videos that they upload to YouTube. It is quite a struggle to get views at first but through regular uploads and your playfulness with your creativity, you will surely get enough supporters for your videos. You can basically upload anything of your interest. Anything like your singing, dancing, drawing or even cooking skills. You can start making money when your videos get monetized.
Monetization occurs when ads from the advertising companies pop up in your videos. Through youtube, you can promote your own skills or any product yourself to boosting your financial situation. And if you noticed, there are tons of youtube these days and you need to be different from each one of them. Do not go with the trend, just use your creative idea.
Being freelancer is another best small business ideas for beginners. You can work being a freelancer in any subject or field. If you have a decent amount of knowledge within a certain area, you can actually work at home and send files to the one who hires you. Anyone good at web design photoshops, programming, etc. can start working online from the project on upwork, Fiverr, freelance. This can be lucrative as the Payoneer is available for money transfer where anyone can deposit money.
7 Digital Marketing
In Nepal, Digital marketing is fast growing up a business platform in Nepal. The internet has influenced almost every field in today’s world. In some ways or other, we are all linked to the internet. With this rise in the number of internet users, businesses have seen a huge potential to reach their target market through the use of internet channels.
There are some essential tools that are used to carry out different SEO services like keyword research, web design, website content writing, article development, HTML codes and more. You have to learn all these techniques to make your special position in the world of Digital marketing.
Besides, it is essential for the novices mostly in Nepal while targeting the online users to facilitate with the best and most recent information correctly. So, it is essential to focus on the online marketing technique and uphold good relationship with clients, customers and service provider.
8 Affiliate Marketing
With the e-commerce model, you again don’t maintain an inventory of your own products, and you don’t have to worry about shipping products to customers. Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of. You offer the products for sale, for example, on your blog or e-commerce website.
Each product has a unique link that tracks back to your account with your affiliate partner. A prospect who clicks on the link is taken to your partner’s shopping cart for checkout. Once they buy, that purchase is recorded and you receive a commission. It varies depending on the affiliate partner but is generally 5 percent to 25 percent, or 50 percent or more with digital information products. As you can see, there’s little risk on your part and virtually no investment needed either. It is hard to use Nepal but It will be the great platform to making a money from online.
9 Writing Job
Writing is another better way to earn money on the internet by writing different types of content. You can write for blogs, companies, institutions, individual people etc. Different types of writers get paid differently. Normally people get paid $5 to $20+ for writing 500 words content.
10 Domain Trader
Domain trading is another high-profit business you can do online. you need some investment for buying the domain. You must be an expert OR you should get detailed knowledge before you start this business. You can buy domains from GoDaddy or other domain registrars for less than $10 & sell in future to the needy person for hundreds of dollars. Your skill here is to identify great domains that are not booked yet & companies in future can try to buy that domain. When companies don’t find the domain of their choice, they contact the domain owner for the deal & it’s in your control to fix the price. You can even put your domains on auction so that people can buy directly at your desired price.