Startup businesses are popping everywhere and many people,
both young and old, have amazing small business ideas that could potentially
change the world.
However, there are some business ideas that work better than
the others, specific areas that get more interest. Especially so in Nepal where
trends in startup businesses are quite different than the trends in other areas
of the world.
So, in order to be successful in Nepal, you need to understand these trends and know how to apply them to your own business or dream.
Here are five startup
trends in Nepal: So, in order to be successful in Nepal, you need to understand these trends and know how to apply them to your own business or dream.
Farming
Because Nepal have around 51% of the unused land, there is plenty of resources and opportunities for farming and other agriculture jobs.This is precisely why one of the most profitable businesses in Nepal is agriculture or farming.
Report published by FNCCI showed that, agriculture sector accounts for 36% of GDP and absorbs about two thirds of the labour market. However, most of the farming work happens in rural areas where poor people, with limited capital, live, and use old methods for caring for the land and plants.
One of the best and newest models for farming is 'crowd farming', which means that the investors and farmers gathering funds together and then everyone takes a share of the profits from the harvest, at the harvest time. Most people in Nepal also worry about starting an animal feed production.
There are many great ideas in the farming industry and anyone interested in this or animal farming can be on the brink of a profitable business. There is a noodle production industry which can potentially sell or give the waste product of noodles to be used as animal food. Flour production and poultry farming are also very popular in Nepal.
Also Read: How to Register a Company in Nepal
There are more and more online businesses and delivery is a great way to earn money in Nepal (especially in Kathmandu Valley). You don’t need a large starting capital which is amazing and there can be a lot of business.
Business owners need their products delivered and often don’t have their own delivery system, so many new delivery businesses have been started to be delivered mostly inside Kathmandu Valley. All you need to start is a marketing professional and a delivery vehicle or two.
However, there may be some transport system and congestion issues, which makes deliveries a nightmare for businesses and consumers alike in Kathmandu Valley. But this is a very good idea for the Nepal market.
Food vendor means any restaurant or retail food vendor located or operating within within the city but not limited to store, supermarket, sales outlet etc. Food is one of the basic human needs and also one of the best industries to enter. Food vending is a lucrative business idea for anyone who wants to be successful and for anyone who loves or is interested in this industry.
People will always need food, so there is really no way to fail, as long as you sell high-quality products with perhaps some interesting ingredients. It doesn’t even require a lot of capital as you can easily open a store in Nepal, either online or in real life. However, you need to acquire trust, both in the quality and healthiness of your food before your store can become successful.
Your meals need to be of good quality prepared in proper conditions if you want to have a strong business. If you deliver, the delivery should also be on time. If your business is traditional street side business that offer product or services to its customer face-to-face, you need to have excellent customer service, as well as a good ambience of where the food is served.
There are many things to consider and many ways your food business can go. It’s up to you to make it work, but this is one of the best businesses to have in Nepal, especially if you deliver as well.
People will always need food, so there is really no way to fail, as long as you sell high-quality products with perhaps some interesting ingredients. It doesn’t even require a lot of capital as you can easily open a store in Nepal, either online or in real life. However, you need to acquire trust, both in the quality and healthiness of your food before your store can become successful.
Your meals need to be of good quality prepared in proper conditions if you want to have a strong business. If you deliver, the delivery should also be on time. If your business is traditional street side business that offer product or services to its customer face-to-face, you need to have excellent customer service, as well as a good ambience of where the food is served.
There are many things to consider and many ways your food business can go. It’s up to you to make it work, but this is one of the best businesses to have in Nepal, especially if you deliver as well.
Nepal mainly imports oil, gold, iron, steel, clothes, pharmaceutical products, electronic appliances, food and vehicles and exports textile, carpets, beverages, tea, shoes, coffee and vegetables regularly.
There are many food and non-food materials being imported from various countries mainly from India and exported to many countries.
There is huge room for import substitution in agri-processing sector where government have provided various facilities and concession. There is room for exploration and new ideas here. There are also many products that Nepal can produce locally and export to the two biggest population of the world.
This is a great opportunity for any entrepreneur looking to innovate in the landscape, invent a different way of doing something and so on. You can really get creative and find your best idea for a new product.
For starters, there’s animal fodder, ayurvedic medicine, fruit juice, wine, soap and other things.
There are many food and non-food materials being imported from various countries mainly from India and exported to many countries.
There is huge room for import substitution in agri-processing sector where government have provided various facilities and concession. There is room for exploration and new ideas here. There are also many products that Nepal can produce locally and export to the two biggest population of the world.
This is a great opportunity for any entrepreneur looking to innovate in the landscape, invent a different way of doing something and so on. You can really get creative and find your best idea for a new product.
For starters, there’s animal fodder, ayurvedic medicine, fruit juice, wine, soap and other things.
E-commerce
E-commerce is one of the biggest industries in the world, and it’s no different in Nepal where e-commerce has been developed immensely over the years.
Around 20 million (70%) Nepalese are connected to internet according to data published by Nepal Telecom Authority in the year 2019 which was mere 9% in the year 2011. The number of mobile internet users is 14.65 million (around 50% of total population) as of April 2019.
The online shopping apps and website such as Daraz and Muncha have already shown that e-commerce become an alternative for transforming business of small and medium enterprises. There are some handicraft entrepreneurs such as Dochaa, marketing their products in international market by using e-commerce channels.
With the launch of digital payment platforms such as connect-ips, esewa, khalti, ime pay and various other payment mode the e-commerce business will gain popularity in future although most of the payments are settled through cash on delivery method.
Some of the other startup trends such as Fintech, Education Tech, Travel tech, Health Tech, Digital Marketing, Workspace as service are also gaining popularity with the improvement in quality of internet and increase in number of user base.
Around 20 million (70%) Nepalese are connected to internet according to data published by Nepal Telecom Authority in the year 2019 which was mere 9% in the year 2011. The number of mobile internet users is 14.65 million (around 50% of total population) as of April 2019.
The online shopping apps and website such as Daraz and Muncha have already shown that e-commerce become an alternative for transforming business of small and medium enterprises. There are some handicraft entrepreneurs such as Dochaa, marketing their products in international market by using e-commerce channels.
With the launch of digital payment platforms such as connect-ips, esewa, khalti, ime pay and various other payment mode the e-commerce business will gain popularity in future although most of the payments are settled through cash on delivery method.
Some of the other startup trends such as Fintech, Education Tech, Travel tech, Health Tech, Digital Marketing, Workspace as service are also gaining popularity with the improvement in quality of internet and increase in number of user base.
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