E-business, is the application of information and communication technologies (I

CT) in support of all the activities of business. Commerce constitutes the excha
nge of products and services between businesses, groups and individuals and can
be seen as one of the essential activities of any business. Electronic commerce
focuses on the use of ICT to enable the external activities and relationships of
the business with individuals, groups and other businesses or e business refers
to business with help of internet i.e. doing business with the help of internet
network.[1] The term "e-business" was coined by IBM's marketing and Internet te
ams in 1996.
Benefits of Ecommerce
E Commerce is one of the most important facets of the Internet to have emerged i
n the recent times. Ecommerce or electronic commerce involves carrying out busin
ess over the Internet with the assistance of computers, which are linked to each
other forming a network. To be specific ecommerce would be buying and selling o
f goods and services and transfer of funds through digital communications.
The benefits of Ecommerce:
Ecommerce allows people to carry out businesses without the barriers of time or
distance. One can log on to the Internet at any point of time, be it day or nigh
t and purchase or sell anything one desires at a single click of the mouse.
The direct cost-of-sale for an order taken from a web site is lower than through
traditional means (retail, paper based), as there is no human interaction durin
g the on-line electronic purchase order process. Also, electronic selling virtua
lly eliminates processing errors, as well as being faster and more convenient fo
r the visitor.
Ecommerce is ideal for niche products. Customers for such products are usually f
ew. But in the vast market place i.e. the Internet, even niche products could ge
nerate viable volumes.
Another important benefit of Ecommerce is that it is the cheapest means of doing
business.
The day-to-day pressures of the marketplace have played their part in reducing t
he opportunities for companies to invest in improving their competitive position
. A mature market, increased competitions have all reduced the amount of money a
vailable to invest. If the selling price cannot be increased and the manufacture
d cost cannot be decreased then the difference can be in the way the business is
carried out. Ecommerce has provided the solution by decimating the costs, which
are incurred.
From the buyer s perspective also ecommerce offers a lot of tangible advantages.
Reduction in buyer s sorting out time.
Better buyer decisions
Less time is spent in resolving invoice and order discrepancies.
Increased opportunities for buying alternative products.
The strategic benefit of making a business ecommerce enabled , is that it helps red
uce the delivery time, labor cost and the cost incurred in the following areas:
Document preparation
Error detection and correction
Reconciliation
Mail preparation
Telephone calling
Credit card machines
Data entry
Overtime
Supervision expenses
Operational benefits of e commerce include reducing both the time and personnel
required to complete business processes, and reducing strain on other resources.
It s because of all these advantages that one can harness the power of ecommerce
and convert a business to e-business by using powerful turnkey ecommerce solutio
ns made available by e-business solution providers.
Understanding e-commerce business in Nepal
Talking about e-commerce is always a vague. We have discussed briefly on the asp
ect of e-commerce in Nepal. The detailed reports and blog will continue the supp
ort for this blog. Now these are the basic to understand before taking a deep lo
ok into the e-commerce business.
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 trust
ed and quality products over the internet. Everyone relies over internet.
E commerce in Nepal
Many companies have started the trend of e-commerce 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 an
d 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 pro
per knowledge and awareness among the generation is the major hurdle in e-commer
ce In past recent years due to education and reach to internet among the many pe
ople in Nepal has brightened the future of e-commerce The interest of students i
n 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, has directly created more
opportunities for the growth of e-commerce in Nepal
Growth of Commerce in Nepal
Before a decade ecommerce was setup as sending gifts and money online and other
websites promoting Send Gifts to Nepal which had merely a concept of e-commerce It
was target to Nepali residing in USA, UK, Australia and Europe. There was no ef
fect of that business to support the e-commerce concept in Nepal. Gradually the
business was promoted by other companies who saw there was a marginal profit. Al
ong with the rise of IT, and business concept many online stores were launched b
ut 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 o
f success behind, they are now on the top list. Peeping into the future of e-com
merce, launch of few large online shopping portals was thought as milestone, eve
ryone thought there will be a turnaround in the e-commerce industry in Nepal. No
w having dozens of virtual Nepali stores in the web, they still have the same pr
oblem of payment and a belief of people, they still have a level of trust to bui
ld 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 tomo
rrow 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 th
eir 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 e-commerce business soon in Ne
pal.
Recommendation for e-commerce business in Nepal
We must create history not become a history. We are always active on the develop
ment, process and the business policy and strategy on e-commerce business for ou
r offshore clients. We offer different online payment system verification. Nepso
l will guide you with the start-to-end process for making your business online.
We say, it s time to go online, sell online, Payments should be easy. Every indivi
dual s trust must be built by business owners. Time has come to take your business
online, start your online shop today!!! We will be happy to get comments, revie
ws and feedback additional data and reports will be a advantage factor to comple
te our hunt and the development on ecommerce in Nepal.
Top e-commerce sites in Nepal:
Ecommerce Sites in Nepal
Traditional e-commerce sites:
Muncha.com: Muncha is probably the most popular e-commerce site in Nepal. It is
popular among non-residential Nepalis to send gifts to any part of Nepal. The si
te is popular for buying birthday cakes, flowers, gifts, toys as well as electro
nic items. You can pay via. E-banking, credit card or even cash-on delivery.
YesKantipur.com: Launched by Kantipur Publications, Yeskantipur aims to provide
everything to your doorstep. A wide variety of items including books, electronic
items, home appliances, food and beverages are available from different vendors
. The services are available only inside Kathmandu valley with cash-on-delivery
or e-banking. There is no delivery charge for items inside ring road. Special di
scounts are announced on the site in regular interval.
Rojeko.com: Rojeko has a wide variety of items for those willing to buy products
inside Nepal or those willing to send gifts to Nepal. Rojeko is mostly focused
on electronic items. Payment can be done via. Paypal, credit cards, e-sewa or ca
sh-on-delivery. There is always a crazy offer with heavy discount for a product.
Bhatbhatenionline.com: The popular departmental store, Bhatbhateni has its own e
-commerce site. Different types of items available on departmental store are als
o available on its online portal. Payment can be done via. Paypal, e-banking or
credit card.
Some innovative e-commerce products:
Apart from traditional e-commerce sites, some entrepreneurs have implemented rev
olutionary ideas in Nepali market. With features of viewing and ordering product
s online, these services have their specialties which make them different from o
ther sites. Here are a few innovative ideas implement in Nepal:
Harilo.com: Harilo allows people in Nepal to buy good from US retails and pay fr
om Nepal. You can simply oder products from any US-based websites like Amazon an
d get them delivered to you in Nepal via. Harilo. In other words, you get the sa
me services as US citizen. You can pay via. E-banking, Paypal and a lot of other
options which also includes writing a check to Harilo.
MetroTarkari.com: Recently launched by a group of young enterpreneurs, Metrotark
ari is a unique product in Nepal which delivers vegetables at your doorstep. Wit
h an ambition of reducing the gap between farmers and customers, the site allows
users to select vegetables, fruits or meat online and get them delivered at the
doorstep with cash-on-delivery facility.

Foodmandu.com: Foodmandu is another unique service, which delivers food from dif
ferent restaurants in Kathmandu and Lalitpur to your doorstep. It has a list of
75 different restaurants in valley and their menus from which you order any item
s of your choice. The items get delivered within an hour and payment can be cash
-on-delivery.