Starting a business can be a difficult task, especially if you are on a tight budget. However, it is possible to start a successful business under 1 lakh in Nepal. With proper planning, creativity, and determination, you can establish a successful startup even with a limited budget.
In this blog, we will explore 25 ideas that can be initiated to start a business under 1 lakh in Nepal. These ideas span various industries and offer potential for growth and profitability.
How to Start Business Under 1 Lakh in Nepal
If you are thinking about starting a business with under 1 lakh in Nepal, here are a few tips to help you get started:
- Do your research: Before you start any business, it is important to do your research and understand the market. This includes understanding the demand for your product or service, the competition, and the regulatory environment.
- Create a business plan: A business plan is a roadmap for your business. It should include your goals, strategies, and how you plan to achieve them.
- Get funding: If you need funding to start your business, there are a number of options available, including loans, grants, and crowdfunding.
- Grow Network: Networking is essential for any business owner. Get to know other entrepreneurs, business leaders, and potential customers.
- Be Consistent: Starting a business is hard work, but it is also very rewarding. Don't give up if you face challenges along the way.
25 Best Business Under 1 Lakh in Nepal
Starting a business doesn't always require a substantial investment. With a little hard work and dedication, you can be successful in any business that you choose. Here are just a few ideas to start a successful business under 1 lakh in Nepal.
1. Mobile Accessories Store:
In today's tech-driven world, the demand for mobile accessories is consistently high. By opening a mobile accessories store, you can cater to the needs of smartphone users. Stock a range of products such as chargers, headphones, cases, and screen protectors. Build partnerships with local distributors or wholesalers to ensure a steady supply of accessories at competitive prices.
2. Food stall:
This is a popular business idea under 1 lakh in Nepal, as there is always a demand for good food. You can start a small food stall in a busy area or near a school or college. You will need to invest in some basic cooking equipment and ingredients, but the startup cost is relatively low.
3. Stationery Shop:
Education and office supplies are always in demand. Open a stationery shop offering a wide range of products such as pens, pencils, notebooks, art supplies, and desk organizers. Establish connections with local schools, colleges, and offices to secure bulk orders.
4. Clothing Alteration Service:
Many people require clothing alterations, such as resizing, hemming, and repairing. By providing clothing alteration services, you can cater to this demand. Invest in a sewing machine, necessary tools, and skilled staff to offer prompt and quality services.
5. Juice Bar:
As health consciousness grows, the demand for fresh juices and smoothies is increasing. Start a small juice bar offering a variety of refreshing and healthy options. Source local fruits and vegetables to keep costs down, and consider adding nutritious add-ons like chia seeds or protein powder.
6. Homemade Snacks:
Homemade snacks are always in demand, whether for personal consumption or gifting purposes. Prepare delicious snacks like cookies, cakes, and chips in your own kitchen. Focus on unique flavors and packaging to differentiate yourself from mass-produced alternatives.
7. Courier Service:
The need for local courier services is ever-present, especially with the growth of e-commerce. Start a courier service that offers reliable and timely delivery of packages and documents within the city. Invest in transportation, hire reliable delivery personnel, and establish partnerships with local businesses.
8. Photography Services:
If you have a passion for photography, consider offering your services for various events such as weddings, birthdays, and graduations. Invest in a good camera and lenses, build an impressive portfolio, and market your services through social media, word-of-mouth, and collaborations with event planners.
9. Digital Marketing Agency:
Digital marketing is crucial for businesses in today's online landscape. Start a digital marketing agency and help small businesses establish their online presence. Offer services like social media management, search engine optimization (SEO), content creation, and online advertising. Stay up-to-date with the latest digital marketing trends to provide effective strategies to your clients.
10. Car Wash Service:
Starting a mobile car wash service allows you to bring convenience to car owners by providing on-the-spot cleaning services. With a well-equipped vehicle, you can offer services like exterior and interior cleaning, waxing, and vacuuming, saving customers time and effort.
11. Freelance Writing:
As a freelance writer, you can offer your writing expertise to clients in need of articles, blog posts, and website content. By showcasing your skills, meeting deadlines, and delivering high-quality work, you can build a reputation and attract a steady stream of clients. Freelance writing is one of the easiest way to earn money online in Nepal for students.
12. Pet Grooming Service:
Pet owners value the well-being and appearance of their furry companions. By providing grooming services such as bathing, hair trimming, and nail clipping, you can cater to this demand. Building trust with pet owners and ensuring a safe and comfortable grooming experience will be key to your success.
13. Home Cleaning Service:
In a busy world, many individuals and families struggle to find time for thorough home cleaning. Offering home cleaning services that include deep cleaning, dusting, mopping, and organizing can make a significant difference in people's lives. Provide reliable and efficient services to build a loyal customer base.
14. Graphic Design Services:
Graphic design is essential for businesses to earn money without investment to create appealing visual assets. As a graphic designer, you can help clients with logo design, brochure creation, branding materials, and other promotional materials. Developing a strong portfolio and understanding clients' needs will be crucial to succeeding in this competitive field.
15. Event Planning:
With the right organizational skills and creativity, you can start an event planning business. From weddings to corporate events, your role will involve coordinating venues, vendors, catering, decor, and logistics. Offering personalized and memorable event experiences will set you apart in the market.
16. Organic Farming:
With the growing demand for organic produce, starting an organic farming venture can be rewarding. By cultivating and selling organic fruits, vegetables, or herbs, you can tap into the health-conscious market. Focus on sustainable practices and marketing your products to eco-conscious consumers.
17.Personal Fitness Trainer:
As a personal fitness trainer, you can guide clients on their fitness journeys, providing customized workout plans, nutrition advice, and motivation. Building rapport and delivering results will be crucial for client retention and word-of-mouth recommendations.
18. Computer Repair Service:Â Â
In today's digital age, computer issues are common, and people seek reliable repair services. By offering computer repair services, you can fix hardware and software issues for individuals and businesses. Stay updated with the latest technology trends to provide efficient solutions to your customers.
19. Travel Agency:
As a small travel agency, you can assist individuals in planning their travel experiences. By offering services such as booking flights, hotels, organizing tours, and providing destination recommendations, you can help create memorable trips for your clients. Building partnerships with reliable travel suppliers will be essential for your success.
20. Online education:
This is a booming business in Nepal, as more and more people are looking for online learning options. You can start an online education business by creating your own courses or by partnering with an existing online education platform. You will need to have some teaching experience and a good understanding of the online learning market.
21. Home-Based Bakery:
Starting a home-based bakery allows you to showcase your baking skills and offer a variety of delicious cakes, pastries, and baked goods to customers. You can operate from your own kitchen, minimizing overhead costs. Focus on creating unique flavors, beautiful designs, and ensuring the use of high-quality ingredients to attract customers and build a loyal following. Leverage social media platforms and local networks to promote your bakery and offer convenient delivery or pick-up options.
22. Language Tutoring Service:
If you have proficiency in a particular language, you can provide language tutoring services to individuals or groups. Whether it's teaching English, Chinese, or Japanese, you can offer customized lessons to suit different skill levels and learning styles. Develop comprehensive lesson plans, incorporate interactive activities, and provide language learning resources to enhance the learning experience. Advertise your services through online platforms, community centers, and schools to attract students.
23. Online Reselling:
Online reselling is a business model where you purchase products in bulk at wholesale prices and resell them through online platforms like social media or e-commerce websites. Identify a niche market or popular products that have a high demand. Build relationships with reliable suppliers and wholesalers to source quality products at competitive prices. Invest in creating an attractive online presence, showcase your products through compelling images and descriptions, and provide excellent customer service. Build trust with your customers, offer competitive pricing, and focus on efficient order fulfillment to drive sales and customer satisfaction. This is one of the best online business in Nepal to start under 1 Lakh.
24. Eco-Friendly Products Store:
Opening an eco-friendly products store is a meaningful and profitable venture that addresses the increasing demand for sustainable alternatives. By offering a range of eco-friendly products like reusable bags, bamboo toothbrushes, and organic cosmetics, you provide customers with choices that align with their values and help reduce environmental impact. Through careful sourcing, education, and creating a welcoming store environment, you can inspire conscious consumerism and contribute to a greener future while building a loyal customer base.
25. T- Shirt Business
Starting a T-shirt business involves creating a strong brand identity and appealing designs that resonate with your target audience. Whether you focus on custom designs, niche markets, or trendy themes, it's essential to offer high-quality products that stand out in terms of style and comfort. Utilize effective marketing strategies, such as social media promotion, collaborations, and engaging content, to build brand awareness and attract customers. Build reliable partnerships with suppliers or consider in-house production to maintain quality control and timely order fulfillment. With dedication and a customer-centric approach, your T-shirt business has the potential to thrive in a competitive market.
Read More: Most Profitable Business In Nepal
Conclusion
Starting a business under 1 lakh in Nepal is possible, but it takes hard work and dedication. By following the tips in this blog, you can increase your chances of success.
Here are some additional tips that may help you in your journey:
- Be passionate about your business. If you are not passionate about what you are doing, it will be difficult to succeed.
- Be willing to learn. There is always something new to learn in business. Be open to new ideas and be willing to adapt to change.
- Be patient. It takes time to build a successful business. Don't expect to become an overnight success.
I hope this blog has been helpful. If you have any questions, please feel free to leave a comment below.