7 Most profitable business in Nepal

By Arun Dahal Khatri

In Nepal, most of the new and innovative people and organizations are fixing model businesses and they are earning handsome income from the business. Today I have listed the most profitable business in Nepal as per income. There are a lot of s startups and innovative entrepreneurs engaging these businesses and making a  huge difference in their income levels. Most of the businesses which are listed are easy to start and run if you have the right direction and a model business plan. So let's start to see the 7 most profitable businesses in Nepal.

1- Restaurant Chain: 

One of the most profitable businesses in Nepal is Restaurant Chain. Most of the business organizations had already invested millions of amounts in the hotel and restaurant chains in Nepal and were earning Millions. Restaurant chains like Burger House, Chicken station, and Tirsara are growing their business and making millions of turnover yearly. Because of the increasing social media trend, they are expanding their business in most of the cities of Nepal.  However, the risk factor of the restaurant is also there because of the Covid -19 most of the restaurant chains of Nepal face a hard situation but due to the good services and the increasement of people activity after the post covid, these restaurant chains are gaining a very smooth market in Nepal. 

2-Branding and social Media Marketing:

Due to the increase of the online store and the influence of social media on business the branding and social media marketing agency is one of the most profitable businesses in Nepal. Most of the business organizations have shifted from manual business to online stores due to that changes branding agencies are providing paid marketing and branding services to the online business to grow the customer and increase the popularity of the business. A branding agency has been earning approximately 1 lakh to 5 lakhs per month. Due to the high profit and low operating costs,  most of the youth and young entrepreneurs are sifted to Branding and Social Media Marketing business. 

3-Insurance Company:

Risk is one of the often pronounced words in today's world. If you are doing something at first you have to see the changes and the rate of risks. Due to Covid-19 as well we have realized that there are lots of risk factors in our life. To escape the risks financially, most of the insurance companies in Nepal are providing various types of insurance facilities including health insurance, property insurance, accident insurance, and many more. There are a lot of insurance companies successfully running their business and earning money from the insurance company. Companies like Nepal Life Insurance, Sanima Life Insurance, and Union life insurance are providing various types of insurance services in the life insurance sector. Moreover, Companies like Neco Insurance, Premier Insurance, and IME general Insurance are also giving services to the non-life sector. Due to its increment of popularity and high profit most companies are involved in the insurance business.

4-Website Designing and App Development:

To address the profit or non-profit business one of the most important things is the website. A smartly handled business needs a verified and smart website to give its full details to its clients and other people. Due to its urgency and need, most website and App development companies are running their business successfully. In addition, due to the popularity of the internet and web browsing, this business is getting and capturing more markets in Nepal. A successfully running IT company is earning approximately an average of 5 lakhs to 15 lakhs monthly in Nepal. Most of IT companies are also generating revenue from managing the company websites. Because of the digital market, most banks and online stores need assistance from IT companies to manage the data and make it secure from online threats that's why the popularity of this business is growing and most of the young and sharpened minds are engaging in this business.

5-Photography and Videography:

When it comes to the party the most pronounced word is a photo. The influence of social media and the culture of being smarter than other photography and videography businesses are making a huge impact in the market. Most of the youths are engaging in this business because of the huge profit and need of the market. Most of cultural programs, wedding ceremonies, parties, and other programs hire paid photographers and videographers to get high-resolution videos and photos. A professional photographer earns approximately 2 lakhs to 5 lakhs monthly in Nepal.

6-Online Tutoring:

Due to the enlargement of online activity and after the impact of Covid-19 the most emerging business in Nepal is online tutoring. Many teachers and graduate students are actively engaging in online tutoring and earning a very good income. Due to the importance of vocational training and skill-based education, most of institutions are providing paid online courses in Nepal including live tutoring. Recently, most of the people of Nepal are engaged in online share market training. Because of its efficient and flexible online tutoring, they are getting a huge market in Nepal. A successful online tutor is earning approximately 50 thousand to 1 lakhs monthly.

7-Event Managing:

Event managing is one of the fastest-growing businesses in Nepal. Because of the obstacles during events and ceremonies, people are giving the responsibility to the event managing company. To make the event flexible and more exciting, most of the programs are managed by the event management companies. In Nepal, because of its culture, there are a lot of rites and rituals so due to the high market and handsome profit, most of the groups are engaged in the event management business. An event management company provides the full packages of services that's why most of the business programs and the conference are also handled by the event managing company. A successfully running event management company earning approximately  3 lakhs to 5 lakhs monthly in Nepal.