Tag: Charges

Best Way to Get Your Freelancing Income in Nepal

We already know how to send freelancing revenue to Nepal because we are successful freelancers. There are a variety of options to choose from. However, we must choose which option is better for us.

Let’s look at Upwork earnings as an example. In this article, we’ll compare practically every payment method available on Upwork. So far, there are four alternatives available for everyone. Only Nepali freelancers should use Direct to Local Bank (NPR), according to Upwork. For each withdrawal, they levy a little fee of $0.99. However, their currency exchange rate is HORRIBLE. They offer a rate that is 3-4 rupees lower than Nepal’s daily foreign exchange rate. To evaluate which option is the best, we’ll use simple math to transfer $1000 using the exchange rate of 20/12/2019 ( NPR 1 = USD 113.89).

Direct to Local Bank (BDT)

Let’s assume that the bank’s rate is NPR 2 less than the forex rate.

$0.99 per withdrawal to Nepal.

$1000 – $0.99 = $999.01 X 111.89 = NPR 111,779.23
Normally it takes one or two days to arrive at your bank account.
So the ultimate rate for $1 is NPR 111.78

Payoneer

$2 USD per withdrawal from Upwork.

Normal Delivery:

$1000 – $2 = $998 X 113.89 = NPR 113,662.22
Normally it takes three to four days to arrive at your bank account.

Fast Delivery:

$1000 – $2 = $998 – $2.5 (Payoneer Quick Load Fee) = $995.5 X 113.89 = NPR 113,377.50
Normally it takes two to three days to arrive at your bank account.

So the ultimate rate for $1 is NPR 113.66 with normal delivery and NPR 113.38 with faster delivery.

Wire Transfer (USD)
It is not suitable for Nepal. It charges $30 for each transaction and takes a long time with various difficulties.

Direct to U.S Bank (USD)
Free payments to U.S Bank account in USD.

It is also not suitable for Nepal. Most of the Nepali freelancers don’t have U.S Bank account.

Final Consideration
By Direct to Local Bank (BDT): $1 = NPR 111.78
Via Payoneer: $1 = NPR 113.66

Conclusion
Finally, we can take a fair decision to determine that Payoneer is the best way to send freelancing income to Nepal. And hopefully, we will find the same results in other marketplaces too.

January 3, 2023
Earn Money Online in Nepal | Quick & Easy Ways
Looking to earn money online in Nepal and don’t know where to start. Then you came to the right place as we will tell you how to earn money online in Nepal without any investment.

Who doesn’t want to make money online without having to put any money down? Everyone wants to make money, and everyone need cash. First and first, I’d like to state unequivocally that there is no easy or quick way to make $1,000 in a single day. I’m not saying it’s impossible to make a thousand dollars, but there’s no such thing as an easy way.

For the past few years, there have been various scam websites and news reports claiming that you can easily make money online, and I would like to inform you that all of them are false, and you should not fall for such nonsense.

Can we Earn Money Online in Nepal?

Yes, you certainly can. However, you must be dedicated and focused on specific aspects and refrain from falling for the phony scams and promises.

Isn’t it true that making money online has long been a hot topic in Nepal? When people in Nepal are asked how to make money online, they frequently respond with Data Entry or Captcha Writing. It’s not just restricted to these things; there are hundreds of other ways to make money.

If you’re looking for a way to make money online in Nepal without doing data entry or something similar, here is the place to be. Data entry is one way to generate money online, but there are a variety of other ways to make money online in Nepal. Instead of data input, you can make more using these approaches.

What are the challenges and problems that make earning money online is difficult?

As we work online, the payment is also done online and the payment method is one of the most challenging aspects as PayPal is one of the most used payment methods and Nepal doesn’t support this payment method. Other than that there are no challenges that will stop you from earning money online.

How to solve the problem related to this?

There is always a solution to a problem, and this one is no different. You might ask family or friends who live in a country that accepts PayPal payments to collect your money and transfer it to your account.

Another option is to use Payoneer, which only charges a few percent of the amount when withdrawing from local banks.

What are the different ways to earn money online in Nepal?

I’ll show you 7 easy ways to make money online in just a few minutes. However, you must concentrate on these factors because making money online might be difficult. It’s possible that you won’t make $10 in the beginning. To make money online, you must have patience because it requires a lot of devotion and effort. You can make more than 1000$ every month once you have that. In today’s Nepal, many people are making a solid living by using YouTube and Google AdSense to make money. In this article, I will discuss seven alternative ways to make money online in Nepal.

How to Earn Money Online in Nepal?
1. Facebook Marketing
2. YouTube
3. Blogging
4. Google AdSense
5. Affiliate Marketing
6. Freelancing
7. Sponsored Ads and Reviews
Facebook Marketing

I’d want to inform you ahead of time that Facebook does not pay businesses or people. So, how are we expected to make money off of Facebook? There are a variety of ways to profit from Facebook. Being an Influencer is one of the finest ways to make money on Facebook. An influencer is someone who has a larger-than-average impact on their following. You can be an influencer if you have a large number of followers on social media and can persuade them to do something. This is a great way to get money. There are a variety of brands on the market that wish to use social media to promote their products and services. There is a place where you can approach them and engage with the brands, as well as promote their brands on your profile, pages, and even groups for a fee.

YouTube

After Google, YouTube is the world’s second most popular search engine and the most popular video search engine. This provides you with a huge audience. Many people have recently begun to monetize Google and, as a result, have made a significant amount of money.

You might be wondering how we get money from YouTube. Many vloggers, singers, TV networks, YouTubers, Dancers, and others have made a lot of money using YouTube in recent years.

What would you need?

To begin, you must first create a YouTube channel. To apply for Monetization on YouTube, you must have 1000 subscribers and 4000 hours of playtime in the previous 12 months, and you must update your material and videos on a regular basis. It’s challenging at the beginning, but after you’ve mastered it, you can quickly make money with YouTube.

To reach the 1K subscriber mark and 4000 hours of playtime, you must be incredibly creative and conduct extensive research on what people like to watch and how you can provide it to them. Creating new material and getting people to view it is a difficult task. However, once you have the necessary information and understanding, you can simply accomplish this.

How can you earn through YouTube?

You can sign up for AdSense and link it your YouTube account. Once your AdSense account gets verified, the ads will be displayed in your videos. You will be paid if someone clicks the ads in your videos or per 1000 impressions.

Blogging

When it comes to making money online, blogging is undoubtedly one of the most effective strategies. Blogging is a way to earn money without having to work. Then there’s blogging, where there’s no way of knowing how much money you’ll make. It is entirely dependent on how much time you devote to your site. You can make a thousand dollars in a month or simply ten dollars. As a result, it is entirely dependent on your work, as well as how you do research and incorporate those findings in your blog. If blogging is your hobby and you enjoy it, there is no limit to how much money you can make.

How to start a blog?

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First and foremost, you will require a blog; if you do not already have one, you may create one using several free platforms such as WordPress or BlogSpot, which will provide a blog under a subdomain under their main domain. I recommend that you utilize WordPress to start your own blog. Before you start a blog, you should conduct a lot of research to figure out what niche you want to focus on. To begin, conduct research and then apply what you’ve learned to your blog.

When you first start blogging, you may not be able to make any money because there are many things to learn before earning money through a blog. Continue to update your blog on a regular basis, and after 5 to 6 months, you will begin to earn money from it.

What are different ways to make money with blogging?
- Advertisement
- Affiliate Marketing
- Google AdSense
- Selling Products Online
- Paid Guest Post Service
- Different Ad Networks like Content.ad, info links, Taboola etc.
Google AdSense

In Nepal, Google AdSense is one of the most popular ways to make money online. All you need is a website or a YouTube channel to start monetizing your website or YouTube channel by placing Google advertisements on your website. When someone visits your website or subscribes to your YouTube channel, you will be rewarded.

Oh, you may be wondering on how to apply for Google AdSense with a website?

It’s very easy to apply for AdSense, all you need is to follow these steps:
- Sign in to AdSense
- Fill Up the Form and Continue
- AdSense will provide a code, copy that code and paste it into your head section. i.e. <head> CODE </head>
- Wait for the verification for google, and if the code is verified then you will see the Ads being displayed in your account.
Note: There are certain Terms and Condition that needs to be followed to get approved by google AdSense.

How can you withdraw your earning?
- Western Union
- Bank Transfer
- Check Method
Affiliate Marketing

One of the most effective ways to make money online is through affiliate marketing. People are making a lot of money with affiliate marketing these days, with some earning over $2,000 each month. So, if they can do it, you can certainly do it. All you need is commitment and desire, and after a few months, you’ll be making $1,000 each month.

You may be wondering, what is Affiliate Marketing?

In simple terms, you get a commission each time if someone purchases certain products with your reference. For example, someone buys a smartphone from amazon where the customer was redirected to amazon through your link.

How can you start Affiliate Marketing?

First and foremost, you must determine which affiliate product best meets your needs or that you wish to market. There are hundreds of things to choose from; all you have to do is decide which one you want to sell.

Physical and digital products are the two sorts of products you can promote. Guides, books, software, video courses, and other digital products provide a high commission range of 50 percent to 75 percent.

Following that, you’ll need a website or a blog. If you already have a blog, that’s excellent; otherwise, you’ll need to make one where you’ll affiliate the products. Include your affiliate links on your website and market it. As your users, they are one of the most crucial components in developing a good audience. Share your content on social media and in other forums to reach the correct audience.

After a few months, you should be able to make a respectable living through affiliate marketing.

THE FACT IS THAT AFFILIATE MARKETING IS NOT EASY MONEY! DO NOT CONSIDER AFFILIATE MARKETING UNLESS YOU ARE WILLING TO WORK HARD AND SPEND TIME (AT LEAST A YEAR OR MORE). LEAVE. IMMEDIATELY.

Freelancing

If you have certain skill sets that can assist others expand their business, freelancing provides a fantastic atmosphere to work from home and market your service. Freelancing has become increasingly popular in Nepal in recent years because it does not require any type of investment or compulsion to work a 9 to 5 job. When you freelancing, you are your own boss because you work on your own schedule.

Some of the most used skills in freelancing:
- Web Development
- App Development
- Web Designing / UI-UX Designing
- SEO (Search Engine Optimization)
- Content Writing
- Photography
- Logo Designer / Photo Editor
- Data Entry
- Video Editor
The above-mentioned skills are most-used skills in freelancing and most paid also. If you have these certain skills then you can earn a good amount of money through freelancing.

Some of the top-rated freelancing sites where you can earn good money are:
- Fiver
- Freelancer
- Up Work
- Peopleperhour
- SeoClerk( Especially for SEO and Digital Marketing )
Sponsored Ads and Reviews

Sponsored Ads is another technique to make money online in Nepal if you have a blog with a fair quantity of traffic and readers. Various brands are attempting to advertise their products or services, and you can connect with them and run sponsored adverts on your site to promote their offerings.

You could also opt for Sponsored Reviews. You can do sponsored evaluations of various underappreciated products if you have a tech-related website or something similar. All you have to do is write product reviews and you will get compensated. Some businesses seek to earn their consumers’ trust, and your evaluations can assist them. It is without a doubt the simplest way to make money online in Nepal.

Many people in Nepal are suffering and having problems with the online payment system since their PayPal accounts are not valid in Nepal. Though there are a few other ways to obtain the funds you have earned. And for a PayPal account, there are three EASY AND LEGAL WAYS to do so in Nepal.

Final Words

Making money online isn’t easy, but it’s also not impossible. All you need is a little amount of hard effort and determination. Don’t ask someone how to make money online in Nepal anymore; you can do it yourself without the fakes and scammers.

Don’t get carried away with the hundreds of ways to make money online. Simply choose a handful that are appropriate for you and focus your efforts on those few methods. You will be making a good quantity of money after a few months. Simply keep yourself motivated by setting a goal and never stopping until you reach it. If you achieve one objective, create a new goal that is a bit more difficult, and keep going until you reach all of your goals.
January 3, 2023
Stock Trading in Nepal – An Introduction

A share is essentially a fraction of a company’s ownership. Purchasing or selling shares entails acquiring or disposing of a portion of the company’s ownership. The stock market, also known as the share market, is a place where you can buy and sell stocks. In order to raise money, public corporations usually sell shares to the public, but the stock market often trades other instruments such as debentures, bonds, and mutual funds.

Dividends are a way for you to get a piece of those companies’ earnings as a shareholder. While share trading is an exciting way to earn money both actively and passively, it is also risky since investors can have to bear the loss if the company fails. As a result, as a novice, it is important that you gain a thorough understanding of the market before investing your money in stocks.

Here is a brief introduction of how you can participate in the game of stock trading.

1. GET STARTED: OPEN A DEMAT ACCOUNT

Opening a dematerialized (DEMAT) account at one of the Depositary Participant (DP) licensed by the Central Depository System and Clearing Limited (CDSC) is a prerequisite to participate in both primary and secondary market. Most commercial banks, merchant bankers and stockbrokers provide such services. If you already own some stocks in your name, then you can give your DP to dematerialize your physical share certificates into dematerialized shares. The DEMAT account is similar to a bank account which debits and credits the shares you sell or purchase. Most DP’s also provide clients with facilities to check their DEMAT account status online as well.

2. KNOW THE MARKET

To get started in the stock market, it is essential to first understand how the market functions. Securities Board of Nepal (www.sebon.gov.np); the sole regulator of the capital market is a useful source for primary information. Its website provides information on various securities laws, investor education, and upcoming public issues amongst others. Similarly, the Nepal Stock Exchange (www.nepalstock.com) the sole secondary market; and its mobile-based application is a great source to get hands-on information. There are many other popular websites that provide constant updates about the capital market such as; Share Sansar and Mero Lagani. Furthermore daily national newspapers, websites of merchant bankers and credit rating agency – icranepal.com – also provide good information.

3. PARTICIPATE IN THE PRIMARY MARKET – APPLY IN PRIMARY OFFERINGS

One of the best opportunities to participate in the capital market is to apply for primary offers in the primary market such as; Initial Public Offering (IPO) or Further Public Offering (FPO). Most companies offer primary issues to the general public at face value of NPR 100 per stock, or at a premium based on their valuations. The risk is lower when you purchase in the primary market as you get an opportunity to buy shares at a lower cost as compared to purchasing those shares in the secondary market once they are listed. Also, look out for opportunities to participate in the primary offering of mutual fund schemes which can be a beginning point.

News about primary issues generally comes out in national newspapers and are widely announced on other media platforms. Once you know the primary issues are out, you can read their prospectus to see their detail information such as; past and projected performance, & management amongst others. You can also look at their credit rating provided by a licensed credit rating agency before making the decision to invest.

4. PARTICIPATE IN THE SECONDARY MARKET– OPEN A TRADING ACCOUNT AT A STOCKBROKER OFFICE

All the stocks offered via the primary market are listed in the secondary market i.e. Nepal Stock Exchange (NEPSE); currently, there are 231 companies listed in the stock exchange. The secondary market provides the platform to sell the shares you hold or purchase new shares from the market. The share price of these listed companies and the value of NEPSE Index changes every day based on total demand and supply of shares in the market.

If you wish to get involved in the secondary market, you will need to open a transaction account at a stock broker’s office. There are currently 50 stockbrokers licensed by NEPSE while there are a few stock broker offices outside Kathmandu. Once you open an account with a stockbroker, they will provide you with a unique ID code via which all the transactions in your name will be executed.

To make a purchase or sale order you will simply have to call your stock brokers or visit their office to place an order, make sure you have the shares in your DMAT account before you place a sell order to your stockbroker. The stockbroker charges some commission as a brokerage fee for each transaction while you have also have to pay a capital gain tax of 5% if applicable while making sales.

5. STILL CONFUSED- SEEK PROFESSIONAL HELP

If you are still confused and less confident about entering the market or you do not have time, energy and resources, do not worry as there are a number of professional licensed Portfolio Management Companies providing you with a full range of products and services under Portfolio Management Services (PMS). Based on your investment goals and expectations, these portfolio managers develop portfolios matching your risk appetite and invests in the capital markets on your behalf. The portfolio manager charges minimal annual and performance fees while these services offer you the opportunity to grasp the benefits of the capital markets. Moreover, you can also handover your existing portfolio to these portfolio managers for restructuring and further management.

All in all, as the stock market is constantly evolving and getting technical, retail investors are highly advised to seek professional advice and avoid making investments on herd mentality – invest wisely!

January 3, 2023