Top 10
Side Business Ideas in Nepal
Sometimes even with a job, you could feel short on
money. If that’s the case then, you should involve in some side business and
utilize your free time on that. This type of business can help a lot to get you
some extra bucks and if it flourishes then you can always grow it as your main
occupation. If you are interested or have always wanted to run a company, then
having a side business can open doors to future opportunities.
Side businesses does not necessary have to be big;
meaning it can be something you can do by yourself or with the help of few
people and with small investment. When it comes to side business, people
generally opt for online businesses. However, there are plenty of other things
you can do beside this. Here are the top 10 side business ideas for you that
you can start in Nepal.
- Stock market adviser
Investment:
Rs.
0 – 20,000
ROI:
1
- 3 months
Are you interested in the stock market? Do you have a
good knowledge and understanding on stock investment and selection? If yes,
then stock market advisor can be the best option for you as your side business
in Nepal.
You can develop some links, websites or open an office
and start giving advises and manage stocks of entrepreneurs and business
personnel. Similarly, there are some people who have enough money but due to
their busy schedule and lack of knowledge in the stock industry, they might not
have been able to utilize their money on investment despite having an interest
in this field. Being a stock adviser, you can help these people on opening a
demat account, selecting security options as well as creating portfolios and
buying and selling stocks, and many more as required.
It might not be possible to get big clients at the get
go, so, you can start out with beginners or normal people and help them manage
their stocks.
2. Realtor
Investment:
Rs.
0 – 20,000
ROI:
1
-3 months
Another side business that has a broad scope is the
real estate business. Apart from your daily work, you can manage, sell and
purchase properties for various people. You do not need to spend your entire
time on this like the professional real estate agents. If you have a good grasp
about the real estate market of your neighborhood then you can do this job on
your free time.
This sector also deals with property management which
refers to the transfer of ownership of property. Selecting profitable investment
decision, giving scientific advises to your clients on various matters related
to real estate and similar others are some important responsibilities of a
realtor.
3. Teaching
services
Investment:
Rs.
5,000 - 20,000 (More for those who are running a larger service)
ROI:
3
- 7 months
If you work in the day then you can start a teaching
class in the morning and the evening time. It can be a good side business if you
are interest in teaching and are good in particular subjects. It does not
necessarily have to be related with school courses. It can be something like
language classes, computer training classes or cooking classes. You can even
hire some other teachers or coaches and run a teaching service. With a little
investment, this will prove to be very beneficial for you. Fees can be charged on
a monthly basis or upon the completion of the course.
4. Interior Decoration
Investment:
Rs.
20,000 - 60,000
ROI:
4
– 7 months
In Nepal, the demand for interior decoration is
increasing rapidly. As an interior designer, you would be decorating the
rooms of various offices and residents which could include a little to none
construction work. There are plenty of people, especially in the city areas,
who desire to hire interior designers for making their homes attractive and
aesthetically healthy to live in. This is why, it is a good side business idea.
As your clients grows, your earning will also grow which later might help you
to open your own designers’ firm.
5. Online
jobs
Investment:
Rs.
5,000 - 10,000
ROI:
4 - 7 months
Now, this has to be on the list because online jobs
today have become one of the most popular side business choices amongst various
people in Nepal. There are various hundreds of companies in and out of Nepal
who are constantly looking for writers, SEO specialists, and web designers to
help them market their business. If you have decent level of the knowledge
about this industry then you can open a small online company by yourself, hire
some writers, designers and similar other personnel and help out these
companies and make money by doing so. Many people in Nepal have been benefiting
from online jobs as their side business and so can you.
6. Rent
and lease
Investment:
Rs.
4,000 - 20,000 (for initial maintenance)
ROI:
2
- 4 months
To run a side business, you do not have to open a
firm, hire employees or do something that requires specific sets of skills. A
side business can be as simple as being a landlord and lending your properties
(rooms or houses) for others on a rent. This business is very profitable
because in Nepal, due to the growing number of migrants - such people are
constantly looking for some place to live. Furthermore, you do not have to
invest huge money either (apart from the maintenance maybe) if you already have
some spare rooms at your place.
7. Event
planner
Investment:
Rs.
20,000 - 30,000
ROI:
4 months-1 year
You can also adopt event planning as your side
business. We find so many events taking place like marriage, seminar, workshop
and others in Nepal and people are constantly looking for someone who can plan
these events for them and make it a great one. You can take the advantage of
this and become an event planner. You will require a good time management and
organizational skills along with some creative ideas to be a good event
planner.
For this business, you must follow on different kinds
of events and the proper rules and regulations associated with running these
events in your business locality. At first, it might be a bit tough to find
desirable jobs but on a long run, the money is great.
8. Equipment
repairing
Investment:
Rs.
40,000 - 80,000
ROI:
2
- 3 years
If you are good at repairing and maintaining various
electronic and electrical equipment then you can continue this work as your
side business. All the electronic an electrical equipment at some point will
face with some problems and for that you need to take it to a repair shop. This
is why, running such an equipment repairing shop could be beneficial to you.
9. Business
plan service
Investment:
Rs.
0 - 20,000
ROI:
3
– 5 months
All businesses need to have proper planning to run
successfully. Good business plans help customers to know about products and
services description in detail. It helps to determine company’s mission, vision
and objectives. It helps in formulating good financial plans and project cash
flows among many things. This is why, business owners take help from various
advisors and consultants to help them out with making a good business plan. If
you think your forte lies in this field then you should definitely make this
your business, if not then your side business.
10.
Making YouTube Channels
Investment:
Rs.
0-20,000
ROI: 4-10 months
Starting a YouTube channel can be
another great side business idea. This might not sound as a tradition business
idea that people would follow normally, but as YouTube is becoming a global
phenomenon, you can use this website for earning money. You can make videos on
some particular themes – something that people would love you watch and post
them on your YouTube channel. Then, as your viewers and subscribers grow, your
earnings will also grow. Furthermore, if
your channel becomes really famous then you might also be able to get paid for
posting ads for various other websites and companies. For this business, all
you will need is a good video camera and a good idea to make a video on. You
can shoot anything during your free time but do try to make something unique
and alluring.
So, these are the top 10 side business ideas that you
can use in Nepal. All these side businesses are great options for earning some
extra money as they can be run with low investment and have good ROI. It does
not matter which particular idea you go with but you need to be comfortable
with that idea first. Otherwise, your business might not do that well.
Similarly, you also need to manage your time effectively and not let your side
business affect your main job. Remember it is always difficult to start-out on
a new business but with proper dedication and hard work you can run a good
profitable business in the end.
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