Are you getting tired with a 9 to 5 job and get scolded by your boss frequently? Do you getting bored and annoyed by performing the same task at the workplace over and over again.?. If you face work stress and try to do something new according to your interest, passion, and as well as for earning then give a try online business. Here is a step-by-step guide to establishing your online business in Malaysia
Let’s start our journey
Feeling fear and worry before going to start a new journey is natural but the thing you must focus on is not to let your fear occupy you. You do not need to leave your full-time job while starting an online business so that you can get over the situation in case of failure. You can easily initiate an online business in Malaysia as part-time work or home-based work. Online business does not always require a heavy budget and it can be started with a low budget as well. The outstanding fact about doing online businesses is that you do not need to own a physical store. You only need a laptop and a good internet connection.
Being an online entrepreneur
An online entrepreneur is a founder, owner, or manager of an internet-based business or you can say online business. Being an online entrepreneur makes you your own boss and you do not need to get hired by others for work. You can fight for your dreams and can build your online empire. You can see many examples of successful online entrepreneurs today. Most dominantly
- Mark Zuckerberg – the Co-founder, Chairman, and CEO of Facebook
- Kevin Systrom – started the famous photo-sharing app Instagram.
- Jack Ma – is the founder and executive chairman of Alibaba Group.
Steps to start an online business in Malaysia
- Decide your brand name, product, and business nature
- Register your business and company with Suruhanjaya Syarikat Malaysia (SSM)
- Develop a website, set up domain name and addresses, get hosting
- Compose your website and manage your content
- Start promotions and advertising
1 Decide your brand name, product, and business nature
Before starting an online business you must have a clear mindset about why you start an online business in Malaysia. Penning down a business plan to stay focused and motivated is a good move. Moreover, you have to determine your business nature as well as make a decision about what you want to sell through an online business. There is a variety of products and type of online business varies accordingly
- Materialistic devices, like phone accessories, through an e-commerce website
- Electronic and digital products, like an e-Book, through a promotional landing page
- Utilities that you are capable of operating, like photography, through your portfolio website.
- Handling and selling other business’ products and gain a commission, like a partner or a reseller.
2 Register your business and company with Suruhanjaya Syarikat Malaysia (SSM)
You need to register your business with Suruhanjaya Syarikat Malaysia (SSM) to start a legal and valid online business in Malaysia. It is crucial to sort out the type of business you want to operate in Malaysia
Sole proprietor
This type of business will be run and managed alone by you. your business accountability is also your accountability. You can adapt to register the business under your particular name for RM30/year, or a business name like “Skeneur” for RM60/year.
Partnership
This type of business will be operated by you and your partner. it is worth mentioning that one of your partners chooses to leave in the future, your business will be overthrown and if you prefer to continue the business then you will need to register a new one you will demand to register a new one. Partnership registration is RM60/year as well.
Company.
To have a separate entity for your business, you need to get yourself a company. But in this way registration process, fees, and applications become more complicated than the above-mentioned types of business.
3 Develop a website, set up domain name and addresses, get hosting
Following the proper registration of your online business in Malaysia, now finally you can start your journey of online business by taking domain name and email address for your business
Domain name
Domain name means to own a custom web address that is mandatory for every website. When you are finally done with the registration of your online business in Malaysia, you will get a special business enrollment number or ID. With that, you can register a .com.my domain which will sound more localized, pertinent, and reliable in Malaysia.
Hosting
Hosting is a disk space that allows storing your all files on the internet in one place. You need a place to store web design text, images, and videos and to display them., and here you need hosting o manage your files in one place.
Official email address
Research reveals that consumers consider a business-branded email is more reliable than a business using a free email account. Thus official email address helps you in Operating an online business in Malaysia with trust-building and credibility.
4 Compose your website and manage your content
After finalizing the domain name and hosting, you can initiate designing the website and content
Have your website designed professionally
Your website is important, it is your store in the online market and represents your business. Your website should be:
- Visually pleasing
- Fast loading
- Well organized
- Easy to navigate through
You can easily design your website by using web-builders. These web builders are flexible and easy to use. Or you can choose to have a professionally designed one website created by our team of professional designers and developers. With years of experience and the latest tools, our designers can build a sophisticated state-of-the-art website for your business. You can also avail of our service for developing software and applications for your businesses.
Learn to manage content
Great content on your website help the customers to know more about your product, save time, and also helps Google to feature your page at the top. The following key points will help you to generate quality content for your online business in Malaysia.
- Avoid irrelevant information on the website page
- Plan your content in a way to align with Google mission statement
- Keep your information simple, straightforward and clean
- Avoid the use of heavy images as it will slow down your website
- Optimize your web page loading
.
5 Start promotions and advertising
Just like any traditional business, your online business needs advertisements and promotions to make people know about your product and brand. It is usual to see that new online businesses are not getting sales and even visitors. Additionally, you also need to advertise your business because search engines like google will not index your website immediately. It takes a lot of time to be displayed in search results in an organic way without promotions and advertisements.
Among several ways of promotion and advertisement, the most famous method are google Adword advertising and Facebook advertising. You can also try other methods of advertisement like the editorial post, SEO, ad-buying, and so on. Offline method advertisements like newspapers, magazines, and television are also effective but more expensive than digital promotions.
Conclusive thoughts
Whenever you think about starting an online business in Malaysia and feel depressed about cost or budget do not get demotivated. Gather your courage because the truth is you can start your own business in Malaysia on a small scale with a low budget, time, and effort. For technical digital operations, you can establish a successful partnership with a Digital Partner. You can chase your dream by taking a new start and follow your passion instead of sticking to a tiring 9 to 5 job.
