Ecommerce Business in Nepal
Aarush Sharma
Published at: August 14, 2021, Updated at: August 14, 2021, 05:04 Kathmandu
E-commerce History
A standard for the exchange of business documents, such as orders or invoices, between suppliers and their business clients is where e-commerce got its start. Those roots go back to the airlift and blockade of Berlin in 1948–1949 when a system of ordering products mostly through telex was in place. Before the first global standard was issued in 1975, today's organizations improved upon that approach during the coming years. The resulting electronic data interchange (EDI) standard is adaptable enough to support the majority of typical electronic business transactions.
The majority of e-commerce moved online with the widespread adoption of the Internet, the launch of the World Wide Web in 1991, and the first browser for accessing it in 1993. More recently, a large portion of e-commerce moved to mobile devices, which also include tablets, laptops, and wearable goods like watches, as a result of the global use of smartphones and the availability of rapid broadband connections to the Internet.
E-commerce Background Study in Nepal
online market, especially in Nepal, has been one of the best alternatives used for worldwide merchandise trading. With the support of Internet technology, communication devices and full-function mobile phones, etc., one can easily access the Internet. On top of that, the government of Nepal is trying in the aspect of support for all development of information technology, particularly broadband technology, making the Internet to be the main communication media for doing various countrywide businesses. Operating on the Internet, E-commerce is thus more reliable, especially payment gateway supporting transactions which are the major element of the E-commerce system. It is known globally that, in today’s market, it is extremely difficult to start a new small-scale business and its sustenance with competition from the well-established and settled/brand owners. Most often, even if the quality of the product is really good, due to a lack of advertisement or business at the small scale, it just becomes another face in the sea, and the product does not reach a larger group of customers. In the fast-paced life of today when everyone is squeezed for time, the majority of people are finicky when it comes to doing physical shopping. Logistically, a consumer finds a product more interesting and attractive when they find it on the website of a retailer directly and are able to see the item’s details online.
The customers of today are not only attracted because online shopping is very convenient, but also because they have broader selections, highly competitive prices, and better information about the
Product (including people’s reviews) and extremely simplified navigation for searching
Regarding the product. Moreover, business owners often offer online shopping options at low rates because the overhead expenses in opening and running a physical store are higher. Further, with online shopping, their products have access to a worldwide market, which increases the number of
Customers from different ethnic groups, add customer value, and overall sustainability to the marketing. Online web stores, such as DARAZ and SASTODEAL, have gained huge popularity over the years because one can buy almost everything at these stores. These web stores also give an opportunity to a lot of small-scale companies and manufacturers to reach the global market and to directly sell their products to people without involving different other companies or middlemen before their products can reach the shelves of a physical store. Further, instead of using the available platforms, manufacturers can bring a concept of designing their own web store to sell their products directly to the masses. The distinctive feature of this system is providing a convenient, low-cost, website package for entrepreneurs to open their businesses under the domain name. Further, with this approach to E-business, it is possible to promote online trading and extend the limit of instant website service
