There is an abundance of business opportunities in Malaysia and throughout history there has never been a better time to start your own business than today. With the Internet, it has gotten easier to start business from scratch without spending a fortune. If you are able to connect with others then you can already start an online business. As a business owner, you now have the ability to share your skills and connect with people all over the world for free with the Internet and social media.
Here are 5 different online business ideas that you can venture into for your startup.
1. Drop Shipping
The benefit of drop shipping is you will not have to keep a large inventory of products or handle any delivery to your customers. You do not have to experience the hassle of manufacturing your products, storing your products or arranging to send orders all over the country or the world.
The main importance is to focus more on marketing and advertising to find the customers and make the sales. After the sale is made everything else is handled by others. The only cost will be on the expense of marketing and advertising to get new customers.
2. Sell via an E-commerce Website
The business of an e-commerce store always remains one of the best options in the list of small businesses in Malaysia. With more and more Malaysians buying online, it is a good time to start an e-commerce business.
With the right products and marketing, you can make a lot of money without too much overhead. There is also a lot of flexibility with your own e-commerce website. You can make it look the way you want and sell anything you want.
3. Sell via Facebook or Instagram
This will benefit people who already have a large following on social media the most but if you are willing to spend time building the following, you should take a shot at this as well.
How it works is you buy and then sell products on Facebook or Instagram for a profit. The best thing about this opportunity is you can reach a large, engaged audience at a low cost. Social media can be one of the best converting platforms for selling products.
4. Website Developer
Living in a digital world means every business needs a website to exhibit their products, and drive their traffic to for them to make sales. If you have the skills, you could enter an industry that will never die.
IT skills and experts are highly sought after by corporations and organizations. If you have the expertise and knowledge, you should utilise it by forming your own online business to offer your services to others. If you do not have extensive knowledge, you can start small by creating websites on platforms such as WordPress.
5. Editorial Services
An editorial services business is easy to start, requires no initial monetary investment, and has a huge potential for expansion. From small and large businesses to authors and students, your client base could be endless. All you will need to get started is a computer and basic word processing applications.
The services you offer may include copywriting, proofreading, editing, magazine article writing, and web content writing. You do not necessarily have to own a website of your own to promote your services. You can utilise social media such as Twitter, Facebook, and LinkedIn as the platform for your online startup.
There you have it – 5 easy online business opportunities you can explore. Although this is not the most comprehensive list of online business opportunities, these are ones that you can start for very little with very little.
With only a small investment, you can start your own e-commerce store, sell on marketplaces or even social medias. If you are not planning to sell products, you can also sell your skills and services online.
Regardless of which business opportunity you decide to take part in, the most important thing is that you take action to test and discover for yourself which opportunity suits you best.