Learn 5 Beginner Tips to Start a Business in Malaysia
Are you tired of your 9-to-6 job? Or do you aspire to be your own boss? Don't just keep the fantasy to yourself. It's time to embrace your entrepreneurial side, and it all begins with these five steps you can take right now.
Here are the five beginner tips to start a business in Malaysia for those who are interested :D
#1. Choose what you want to sell and how you want to sell it.
Before you can start selling anything, you must ask yourself this question.
What can you sell in order to make money?"
When you sell a product about which you know nothing, you will most likely repel customers rather than attract them because you will be unable to deliver the product's value.
Another consideration is whether you want to sell your product offline or online. It will assist you in determining the best product for your target market, and how you intend to sell it.
#2. Do it part-time (if you are new).
It's great that you want to sell something and are motivated to do so. But don't be swayed by the temptation to quit your job in retrospect.
There is no denying that the profits from selling can provide you with a comfortable living. But here's the reality check. Even in sales, there will be ups and downs.
Can you handle the stress of not having a consistent monthly paycheck?
Our advice is to take things slowly and one step at a time, starting with a part-time job selling products you enjoy. The most important thing to do first is to solidify your experience in selling.
With this part-time job, you will learn a lot about running a business and learning by doing.
Why not quit your current job once your business takes off as you will have the ability and capacity to handle it full-time? It will happen once you set your mind into it.
#3. Start with the home business.
Using your home as a base for your business is always advantageous because starting a business or opening a new store can be costly.
Starting a business from home is ideal if you choose to work your full-time job, as it gives you more flexibility to juggle both careers.
Because if you have to run a store while also working your full-time job, you will face some challenges in terms of managing your time and resources. Most importantly, running a store with no business experience can be risky.
It is best to take actions that will benefit your business in the long run unless you are willing to take the risk.
You can start an offline or online business from the comfort of your own home. You can promote your products on online platforms such as Shopee and Lazada if you have an online business.
Engaging the right courier service to expedite your delivery to your customers is one of the tips to success in your home business. Ninja Packs is a prepaid courier bag that can help you with your product delivery. Without having to wait, you can simply drop off your item at a nearby Ninja Point.
#4. Make a living from your knowledge (sell what you love).
If you have any skills that you can monetise, why not put it to good use? To begin, if you enjoy cooking and sharing content about it, you can make money by selling your cooking.
Let us give you another example to illustrate.
You have a creative bone in your body, and you like making DIY card crafts. Over time, you start to realise that you are exceptionally excellent at it.
You use social media to demonstrate how you create them, and suddenly, you've got your first customer wanting to purchase your card.
First, you need to identify your skill or hobby that you can potentially turn into a profit. Next, you need to know if there is any market demand from your service or what you want to offer.
You can't make money if there is no one to buy from you. After you have figured out everything, it is time to create your business plan!
#5. Find a mentor and gain more knowledge about selling.
Navigating uncharted territory is a dangerous act. The same is true for anyone who decides to become an entrepreneur without a solid understanding of business and the confidence to succeed.
For any first-timer, the business world can be intimidating. That is why you require the assistance of a mentor on your journey.
Find a good mentor to help you with your business, or even friends who can give you constructive advice on how to improve your business.
If you have the time, look for information on how to grow your business. Read a book, attend classes, take online courses, and attend networking events.
When starting a business, new owners must plan ahead of time to ensure a smooth flow of operations. Using an efficient courier solution to meet your shipping needs is one way to ensure the success of your business.
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