Thinking of starting an online business in Malaysia this year? Or, are you in need of a side hustle? If so, you’re in luck. Because there’s arguably never been more online business opportunities than now. Partly due to the COVID-19 pandemic, online businesses of all kinds are flourishing these days. Shopping from home or on the go is easy and convenient. And there are countless online services that people rely on more and more. So, there’s plenty of opportunities for launching your own online business. As long as you have a computer and an internet connection, you can launch your next online business idea.
Starting an online business is attractive for other reasons besides increased demand. The good thing is that online business startup costs are generally much lower than when opening a physical location. For many ideas, you can even launch them from home. These factors make turning a business idea into reality far less risky.
Online businesses offer lower startup costs and therefore less risk than brick-and-mortar businesses.
Enough preamble, let’s jump into four ideas for an online business in Malaysia!
#1 – Online business in Malaysia: Freelancing
Starting off our list is one of the most common ways to start earning money online. You can do so by offering your services as a freelancer. Do you have experience in customer support, graphic design, or any other service you can deliver to clients online? If so, freelancing is a great way to turn that skill into a money-making online business. To get started, register with one or more freelancing platforms, such as Upwork, Fiverr, or 99designs.
To take your professionalism up a notch, legitimize your business by registering with the Malaysian authorities. Then get to work marketing your business online. In order to do that, you should create a professional website and fill out your social media channels to let potential clients know you are the real deal. For step-by-step instructions on how to register your business in Malaysia, head over to this article.
More ideas for creating a freelancing online business in Malaysia:
- Digital marketing
- Content writing
- Data entry
- Web development
In terms of registering your freelancing business, the government of Malaysia makes it pretty easy. Head here to understand the basics of getting set up.
Related: How to start a business in Malaysia
#2 – Launch an e-commerce business as an online business
When it comes to selling products online, there’s really never been a better time. Over the last several years, online shopping has seen a continual rise in popularity. That’s not to say we won’t have brick-and-mortar retail stores in Malaysia anymore! But, online shoppers love the convenience only an online store can provide. It’s a trend we don’t see ending anytime soon. Therefore, there is no better time to start an online business in Malaysia to sell goods.
Starting your ecommerce business can take different forms. You can choose to sell physical products on a big platform like Shopee. This approach usually requires buying bulk products and competing with other sellers to offer the best price and shipping. For a guide on how to get started selling on Shopee, here’s a helpful article by Entrepreneur Campfire.
Alternatively, creating your own ecommerce store might be the best online business option for you. If you create your own physical or digital products, you can promote your website through social media, advertising, and word of mouth. Of course, you’ll need to build a fully functional online store first. For an inspiring look at a Malaysian business selling its products online, check out Cha Cha Kombucha.
Keep in mind that you don’t need to have physical products. Digital products are a hot market these days. They are often information-based, so choosing to sell ebooks or online courses could be a profitable way to enter the online business world.
Other ideas for digital products include graphic design templates, WordPress templates, stock photography, or video footage. If you’re wondering, “What can I sell online in Malaysia…?” Go look at what people are already buying. Then consider if there are any gaps in the market that you can fill with your product.
Editor’s note: GoDaddy’s E-Store Builder makes it easy to get your ecommerce business running quickly and easily. Get started building your store today!
#3 – Provide tuition online
This option may not be as glamorous as some of the other online business opportunities listed. But it’s still a viable choice for an online business in Malaysia. Tuition providers have been around for ages, but pandemic restrictions and changing consumer habits have made online tuition a necessity. If you enjoy helping others understand topics like English or maths, consider this online business option.
Launching an online business providing tuition will require setting up a professional online presence. This is so any potential clients can find you, understand what services you provide, and how to register for your tuition sessions.
Once you have your online presence set up, it’s time to find clients for your online business. This can start through word of mouth. But for more clients, market your tuition business both online and offline. Consider posting flyers near your local school or anywhere parents of school children may see them.
#4 – Become an influencer
Before you shrug this category of online business opportunities as a fad or unrealistic, understand that much of marketing has shifted to the online world. What once may have just seemed like a trend for attention-loving fashionistas has become a way to start legit businesses.
How do you become an influencer? It’s all about growing a following. Once you establish that audience, you can get paid to promote products that you believe in. According to the affiliate platform Involve Asia:
Becoming an influencer is a great option for an online business in Malaysia. You can build an audience through one or more social channels like Instagram, Youtube, TikTok, or your own blog. The key to building a viable online business as an influencer is to provide content that your audience enjoys. Continually offer inspiration, value, or entertainment that keeps people coming back for more. Then monetize your audience by promoting physical or digital products. Do that and you’ll have one of the most legit businesses out there!
There are no rules as to what your channel should be about. You should always stay up to date with the latest ideas in the influencer world. But here are a handful of tried and true influencer niches:
Get started with your online business in Malaysia
As you can see, there are many ideas for launching an online business in Malaysia! This list just scratches the surface of what’s possible with a computer and an internet connection. But hopefully, you’re more inspired to get started with your own online business. Starting any online business is challenging. But if you’re willing to roll up your sleeves and get to work, you can succeed. Be sure to check out the rest of our blog to get more insight and inspiration for your own online business!
Editor’s note: Ready to take the next step with your online business? Secure your domain now!