E-Commerce Business Management in Nepal
E-Commerce business management in Nepal deals with selling and buying the products and services online or through the internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management. Also online marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems are included. Talking about E-commerce: in context of Nepal, it is still rising day by day as people have understood its value and utilization.
“If your business is not on the internet, it will be out of business.” – Bill Gates
Several types of E-commerce are:
- Business-to-business (B2B)
- Business-to-consumer (B2C)
- Consumer-to-business (C2B)
- Consumer to consumer (C2C)
- Business to administration (B2A)
- Consumer-to-administration (C2A)
E-commerce: In context of Nepal is at a rising phase. It has just started crawling. The major rising e-commerce businesses of Nepal is Daraz and E-sewa based. Daraz being one of the top most used business for selling the products. Whereas, E-sewa has been first and largest e–commerce business to start facilitating with online fund transfer, e-wallet, and also act as a payment gateway. Moreover, there are many e-commerce businesses in Nepal that are still struggling in the market place. Meanwhile, in present scenario only those businesses which consists of huge capacity of human resource are leading in the market. Businesses who can deliver the products and services all over the country have got the highest priority and have been people’s favorite.
Operating an eCommerce business is not as easy as people think. Most of the people overlook other aspects of the platform like delivery, customer handling, refunds, payment, transactions products, and only think about the website/app aspect. Sustainable online shop is a mixture of all these and many other related things. Almost all of the e-Commerce platforms face loss at the beginning. Similarly, There are several things to match up like delivery channels, websites, promotions, offers, etc. Holding onto a good customer base, you need to operate at a tight margin initially. So, if you can pour money and create a buzz around the marketplace. You can make it a success.
Sustaining in the market is the biggest challenge for the business houses. Presently, there are thousands of registered commercial websites in Nepal. Sooner or later, every small or big businesses will launch their e-commerce sites. However, even after almost 2 decades, e-commerce is still growing due to infrastructure-related struggle. It include the lack of digital mapping, strong legal provisions and regulations and integrated payment systems, and many more. There is still hope that the e-commerce business in Nepal will become more glamour and popularity than about actual business. The e-commerce companies are yet to do larger transactions in Nepal.