Most profitable small business Ideas in Malaysia for 2020

Many Malaysians dream to escape from the boring office work and start up their home-based business. However, due to certain issues such as lack of knowledge, experience and fund it could prevent people from getting started.

If you are having trouble in making decision about what startup to pursue, we have listed most profitable small business ideas in Malaysia that require less capital and professional skills.

Social media consultant

Nowadays, social media is the most popular and influential advertising channel to gain awareness. Many companies are looking for people who are well versed in social media to help them manage their social media presence.

In fact, social media consultant is a legit profession and you get pay for it. Many companies hire social media consultants to manage their social media but it is more than just the casual usage of Facebook, Twitter or Instagram. You need to have more knowledge and skills to become an expert.

E-commerce store

E-commerce store always remains one of the best options so far. You can get the services to sell the products from a reputable website for online shopping. Lazada and Carousell are popular reliable online platform in Malaysia for instance.

The only thing you need to do really well is sourcing the right products and marketing them to your audience. With the right products and marketing, you can make a lot of money. There is also a lot of flexibility with your own e-commerce website.

F&B business

F&B always as stable market demand and you couldn’t go wrong with this idea. Eating is one of Malaysians’ favourite past times and if you can create food Malaysians can’t resist, you will be able to make a sustainable income.

The best thing about this ideas is creating food can be affordable so you don’t have to start with a lot of capital. Once you have a loyal customer base, it is easy to grow your business. The downfall about F&B is the industry is highly competitive. To win, you need to come up with a unique selling proposition (USP) that will differentiate you from your competitors.

Even if you don’t have the capital to open a restaurant, you can always start small by taking orders from Facebook and delivering them from your home.

Airbnb business

Apart from staying in a hotel, Airbnb has become the number two popular choice among travellers be it local or international. If you already have existing property, you can easily Airbnb it out to people and the extra money will be yours. But even so, you will need to invest in some renovation and furniture to make your property appealing.

Besides, if you have already invested in a property, you can make much more sub-letting it out on Airbnb compared to renting it to people on a monthly or yearly basis. It can be an excellent online business opportunity in Malaysia for 2019.

Real estate business

The real estate market of Malaysia is growing continuously from time to time. The government is also taking numerous initiatives such as project named PR1MA; it was meant for making it easier for the low or medium income people to buy houses.

The real estate demand is getting hire especially in the high-demand location such as Kuala Lumpur, Penang and Johor. Take the opportunity now and there is many different options to start it.

Food truck business

If having a restaurant or physical shop requires higher capital, then food truck business is the answer. Indeed, F&B business is huge and you can explore it. Food truck business requires small capital and you only need a small team to run the business.

The benefit of having a food truck business is you can move from one location to another to test the market demand and create your loyal customer base. Create a simple meal that is easy to cater and sell it at a reasonable price.

Mobile phone accessories business

Starting a cellphone accessory business can be highly profitable and highly competitive. In addition to cellphone franchises selling accessories, independent stores and kiosks are located in many malls and other public areas. 

If you can find a location with limited competition that outshines your competitors, you can build a profitable small business selling cellphone accessories. 

T-shirt printing business

With the growth in popularity of t-shirts businesses, the demand is greatly increased. Building and launching a new t-shirt brand is relatively inexpensive and quick. But, there is no doubt you’ll be facing some stiff competition.

To break through, you’ll need to have t-shirt designs people love, a brand people cherish and quality people trust.

Editorial

There are several editorial services you can provide without any initial monetary investment, such as copyediting, proofreading, copywriting, web page content provider and many more.

Use your writing skill to be fullest and earn money with it. If you are a professional writer, then book writing is a great idea for you to start. Start writing a book and get a publication who willing to market your book.

Photography Service

You can’t go wrong with photography business. People opt to hire a professional photographer for any precious and unforgettable events. Photographer for wedding ceremony is highly demanded and you can earn up to RM 10,000 per event depending on your skills and experience.

For a photographer, it doesn’t limit to the wedding ceremony itself. Many customers demand for a pre-wedding photoshoot, outdoor photoshoot and etc. If you up to date with the current trend, people will definitely use your service.

Check out more business ideas here.