Ditching your stable 9-to-5 job may be a huge leap for some. Why not have a side business to earn a little extra money, especially during the holiday seasons? Here are a couple of small yet profitable business ideas you can start in Malaysia.
Though this may require a bit of capital outlay at the start to either build your own truck or equip an existing one, it’s a viable business that can turn profitable quickly if you’re in the right location. Everyone loves food in Malaysia, right?
Set up an Online Store
You don’t need a lot of money to set up an online store, which is great. Capital outlay is pretty minimal. You may need to pay for a domain name and for some help to get your site up and running, but that’s about it. Research products that are in high demand and can be shipped across the country. You can specialise in items that are in high demand during festive seasons, such as money packets, gift hampers, personalise greetings, and more.
Photography and Videography Services
There are plenty of events and festive house visits during the holiday season. If you have a passion in photography and videography, why not charge a fee and get paid for it too? This may require investment in camera equipment and digital editing tools. However, if you can set yourself apart from the heaps of photographers out there, you stand a good chance at turning this into your full-time job.
If you are a great cook and dream of owning your own brick and mortar restaurant one day, you may want to dabble in operating your own food stall first. It’s a softer landing for first-time entrepreneurs and a great way to test the market. It’s especially in high-demand during Ramadhan, so that might be a good time to take a stab at it and see how well people respond to your food.
Pastries and Baked Goodies
Along the same industry are pastries and baked goodies. We’re sure you have seen plenty of Instagram accounts that promote their cakes and pastries and are made available to order. Isn’t that great? You don’t even need to pay for advertising or marketing. Allow your social media accounts to do the work for you. This is another low investment business idea, if you already own an oven and are comfortable with baking in your own home.
Funding your Business
Once you have identified your business idea, you will need to secure funds to get this up and running. A personal loan can be a great financial tool to help you fulfil your dreams. You can search for a loan for your business on CompareHero.my to help you find the best for your needs.