Understanding eCommerce business in Nepal: Part I
Background for E commerce:
The world now relies in Internet. E commerce is now major part of the Internet. Major countries and companies have started selling online. Home delivery, online payment, satisfaction guaranteed, and money back returns are provided for trusted and quality products over the Internet. Everyone relies over Internet.
E commerce in Nepal
Many companies have started the trend of eCommerce in Nepal decade ago, but the challenges are still the same. The actual sales have not been able to start due to lack of knowledge, awareness and online payment systems. Selling globally and inside the country is the same in years. Payment Gateways are being developed but they have their limitation due to legal and security issues. The lack of proper knowledge and awareness among the generation is the major hurdle in eCommerce. In past recent years due to education and reach to Internet among the many people in Nepal has brightened the future of eCommerce. The interest of students in the field of IT, the growth of IT companies has helped a lot in the awareness and interest in young generation for Internet and IT. This has directly created more opportunities for the growth of eCommerce in Nepal.
Growth of Commerce in Nepal
Before a decade eCommerce was started as sending gifts and money online and other websites promoting “Send Gifts to Nepal” which had merely a concept of eCommerce. It was target to Nepali residing in USA, UK, Australia and Europe. There was no effect of that business to support the eCommerce concept in Nepal. Gradually the business was promoted by other companies who saw there was a marginal profit. Along with the rise of IT, and business concept many online stores were launched but they didn’t have the actual process of buying and selling online. They were the virtual stores with the best example which gave a concept of selling and buying online but not paying.Current Practice of E commerce in Nepal
Many online portals and shopping portals are launched. Leaving the measurement of success behind, they are now on the top list. Peeping into the future of eCommerce, launch of few large online shopping portals was thought as milestone, everyone thought there will be a turnaround in the eCommerce industry in Nepal. Now having dozens of virtual Nepali stores in the web, they still have the same problem of payment and a belief of people, they still have a level of trust to build among the visitors.Future of E commerce in Nepal
It’s a practice which no one can escape and avoid. It will be either today or tomorrow we must adapt to it. Both the development of payment system, legalizing and securing the payments, creating reliability from the portals is a major issue. With the growing generation every business will have to adapt and think about their online existence in future depending on the nature of business. It will not be too long; there will be a boom in the trend of eCommerce business soon in Nepal.Recommendation for eCommerce business in Nepal
We must create history not become a history. We must always be active on the development, process and the business policy and strategy on eCommerce business in Nepal. We offer different online payment system verification. You must be guided with the start-to-end process for making your business online. If you think, it’s time to go online, sell online, Payments should be easy. Every individual’s trust must be built by business owners. Time has come to take your business online, start your online shop today!!!
Conclusion
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