Malaysia is one of the best countries to start a business. If you are looking for best small business ideas in Malaysia, then look no more.
We’ve listed profitable business opportunities in Malaysia which you can start with low investment in 2021.
Best Small Business Ideas in Malaysia
1# Laundry Business
One of the successful businesses in Malaysia is laundry. One can enter this business on a brief scale. The profit margin is 40% in this business.
You can open a laundry shop near the residential area so that there will be more demand for laundry. You need detergents, iron, tools, products, pressing machines, steamers and steam boilers, etc.
2# Food Business
Malaysians love good food. One can open a restaurant in Malaysia. The cost can be around RM50,000 to RM500,000.
You can also take orders from social media accounts. You must come up with a unique selling proposition to differentiate yourself from the competitors.
3# T-Shirt Printing
In Malaysia, the T-shirt printing business is gaining immense popularity. The T-shirt can cost around 50RM to 113.76RM.
One can start this business by designing custom graphic T-shirts according to customer demands. This business is quick to start and don’t need that much cost. You can set up an online business as well.
4# E-Commerce Business
In Malaysia, one can easily start an e-commerce business because there is an increasing trend of buying online.
The cost is around RM2,000 to RM15,000. You can easily start a website and start selling products online. It doesn’t require that much overhead cost.
5# Google AdSense
If you are a writer or have some sort of website, you can make money through Google AdSense.
The cost is around RM400 to RM1,500. This is a good business for you if you know how to generate traffic to your website by making quality content and Google will give you a passive income.
6# Affiliate Marketing
People who are good at marketing and sales, this is a good option for them. In Malaysia, it can cost around RM500 to RM2,500.
The product is ready in this business, you just have to focus on its marketing and sales through different channels like YouTube, blog, etc.
See: How To Start Affiliate Marketing Business?
7# Franchise Owner
In Malaysia, one can easily own a franchise by buying a franchise license. It will cost around RM10,000 to RM150,000.
It is a quick way to start a business, but you need large capital investment. Franchise owners can also train you.
8# Child Care
Child care is a profitable business in Malaysia. There’s a growing demand for childcare centers as population growth is about 3%.
When both parents are working, they leave their kids to these child care centers where they also learn new and innovative things. Anybody with a little investment can start this business.
9# Travel Agency
Many people visit Malaysia for business purposes. Hence, Malaysia is considered a business hub. Travel and tourism show an annual growth rate of 7.8%.
One can start this business with low investment, but the profits are huge in this business.
10# Mobile Phone Accessories
Smartphones are a necessity these days. The penetration rate of smartphone users is over 50% in Malaysia.
Entering into a mobile phone accessory business is highly competitive in Malaysia. You can sell back covers, protectors, earbuds, Bluetooth, etc.
11# Tourism
The domestic population in Malaysia earns a lot from tourism. The stunning beaches of Malaysia attract tourists from all over the world.
You can start up your own travel and tourist agency. It does not need a lot of capital, instead you can start this business with a little investment.
12# Fashion
The people of Malaysia love fashion. It is also a developed country and a huge population can afford to purchase different fashion products. The good thing about this business is that it has a lot of potential for new investors.
You should start with local fashion, it will attract more customers but if you want high profit and lesser sales then try international fashion for your shop.
13# Airbnb Business
As mentioned above, Malaysia is a hub for tourists. Millions of tourists visit the country every year. Most of the tourists prefer for shared spaces or hostels instead of expensive hotels. Airbnb is a popular choice among travelers.
You can rent your property on Airbnb and earn a good amount of money. You should make your customer to have the best experience. It will improve your ratings and you will get better customers in future.
14# Real Estate Business
The business of real estate in Malaysia is booming. You can get a huge Return on Invest (ROI). The cities like Kuala Lumpur and Penang have great potential in real estate.
If you are new in business then find an agent to partner with or start your online business. Stay in touch with all your customers, this will increase your chances to break a deal. If you are looking to buy property overseas then Malaysia is the best option for you.
15# Car dealer
The population of Malaysia has a good purchasing power. It has a large population of car consumers. The vehicle registrations in Malaysia was 31.2 million units as of 2019.
You can earn a handsome amount of money through the services of car dealing. You can sell other people’s cars in your showroom and earn money.
The second option is that you can buy your own old car, renovate it and then sell it at a better price.
16# Health Care
Malaysia is among the few countries in the world that provides affordable health care services to its middle class population while it is free for the poor people.
Health care in Malaysia is under the health ministry. Its health care system is very efficient. Great business opportunities lie in the health sector of Malaysia.
The areas that are far away from Kuala Lumpur still lack quality health care services.
17#Export Import
In Malaysia, most of the FDI comes in the export and import section. From garments to vegetables, every item in the country is related to either export or import.
Malaysia earns billions of dollars from the export of palm oil. You can also invest in this business. You need a small office, license and small capital to start import and export in Malaysia.
18# IT Business
In this post pandemic era, the IT business is booming all over the world. The demand for IT engineers has also increased in Malaysia.
Most of the businesses are now moving towards the online platform along with the conventional shops. The field of IT has a great potential for new entrepreneurs.
You can open your own IT business related to web or application development. The good thing about Malaysian IT market is that it has low taxes as compared to the other countries in the region.
19# Departmental Store
Departmental stores are a stable business in Malaysia. The chances of loss in this business are less. If you open your store at the right location then you can earn a lot of revenue.
You can also open a franchise like 7 eleven. It will be a running business and you will earn profit right from the beginning.
20# Electrical and Electronics
With the rapid technological upgradations, the electrical industry sector is growing globally. The electrical and electronics business in Malaysia is one of the flourishing sectors.
The country manufactures most of the electronic products at domestic level like mobile phones, storage devices, TV sets and many more. You can open your own showroom of electrical and electronics products.
You will get a fixed profit on every sale of the product. You can also start your small manufacturing plant of voltage stabilizer, capacitors, boosters and circuit breakers.
The power is available to almost every part of Malaysia. Moreover the bustling cities of the country utilizes a large amount of power that’s the demand of electrical appliances is also high.
21# Transportation
Transportation is a growing sector in Malaysia. The country requires thousands of trucks to transport the daily goods. You can open your company and provide your services to different companies for the transport of their goods.
The business requires right marketing and connections. Once you have built your connections, you can earn a lot of money from this business.
Future Business ideas for 2022
Malaysia is a futuristic country. It is always ahead in inventions and innovations from most parts of the world. With the passage of type new business opportunities are growing.
The field of building automation, IT industry and Health counseling services will become one of the best fields for investment. The building automation includes the voice or mobile control of every home appliance i.e. from light bulbs to the door.
The IT industry has grown at a rapid rate after Covid-19 and it will grow more in this year. In the post pandemic time, the people have become more health conscious. The potential in health services will further expand.
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