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Small Business Ideas Malaysia
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A side business is something you do to earn extra money on the side of a day job. According to Zapier, 40% of Americans have one, and another 36% plan to start one in 2022.
Those with a side hustle spend 13.4 hours a week working on it to make $12,869 a year from their side business. You can use the money you made to pay off debt, invest or treat yourself.
Financial benefits aside, pursuing a side business idea gives you the opportunity to build a new skill set. Entrepreneurs also get the joy of creating a business while creating a new career path. which provides more security amid layoffs.
Do you want to start a side business but are not sure what you can do to make money? Here are 22 side business ideas you can start today.
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Turn a passion for photography into a side business. Promote your photography services in your area and earn several hundred dollars per photoshoot. Alicia Ho of Precious Ones Photography has turned her hobby into an enjoyable business. “It’s an amazing feeling to be able to let the creative juices flow while creating heirloom artwork that will last your families lifetime,” she says. You can follow their example and:
Expand your exposure (and earn more money) by selling your photos online. Sites like Stocksy, Shutterstock, and Alamypay photographers when their photos are posted, downloaded, or sold. It can be a very lucrative business if the locals don’t usually pay for photography.
The clothing industry is big business. Global consumers spend $775 billion on fashion e-commerce annually. Get a slice of that spend by using the print-on-demand model.
The best part of this side business idea is that you don’t have to invest a ton of money up front. When you receive an order through your online store, print-on-demand suppliers will print your design and ship it to the customer – no need to keep inventory yourself.
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Selling your skills is a profitable business idea if you are on a budget. Most skill-based businesses are cheap to start because you don’t need inventory. You can also do free marketing by asking if anyone in your network needs help.
Look at the skills you already have and check if they are in high demand – either as a service or as advice through a consulting business.
Ashley R. Cumminach took this approach when she started her side business. “I was working as a full-time physical trainer and studied Russian at university,” she says. “My background was in English and I always loved writing, so that started I slowly took on projects. Eventually I had enough clients to replace my 9-to-5 teaching with my full-time income. So, I quit and started my teaching.free writing business.
Do you have amazing organizational skills? Monetize them by becoming a virtual assistant. You manage the administrative side of a business remotely, making it one of the best home business ideas to do on the side of a day job.
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Ariana Rodriguez launched her virtual assistant business in April 2021. It cost $2,000 to open the side business. That includes a website, business course and technology they need to run a virtual assistant business.
“In April, I started making $700 a month,” says Ariana. “By December, I was making $6,000 a month and working a full-time job. I was able to hire a subcontractor to make the job more sustainable.
The online language learning market is expected to be $25.73 billion by 2027. If you speak two languages (or more!)
Create your own website and offer one-on-one virtual classes. Or join an online language learning platform like Skooli, VIPKid or Qkids. Teachers can teach English on the site for up to $23 an hour.
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You can also hold group classes in a rent-free space, such as a community center – many of which aim to make education accessible to residents.
The Bureau of Labor Statistics reported nearly 800,000 maids and house cleaners in the United States in 2020. It’s a cheap business idea that can be acquired easily. A $100 investment in cleaning supplies can be paid back quickly.
Take it from Brian Winch, author of Cleanlots, who started a cleaning business on the side “with very little money, skills and training, but a lot of passion, patience and persistence.
“I offer a parking lot trash cleanup service to property management companies. My service is done on foot with simple tools. Almost as easy to do as walking! We walk the property outside commercial buildings and pour waste into our collection machines and then empty into the waste cans on the spot.”
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It cost Brian $250 to start the company. Eight weeks later, the side business idea was making more money than his full-time job. It is now between $650,000 and $700,000 a year.
“I started my business on the side because I wanted the security of an income from my day job to pay the bills while I gained experience growing my business,” says Brian. to invest the income I generated from my side back into it for growth.”
People spend over $3 billion in the event planning sector every year. From weddings and birthday parties to corporate events, taking on the organizational side of hosting an event can save you extra money.
Amber Sironen-Massey took this approach when she started her side business, Epic Elopements. A wedding planning business deals with everything from legalizing a marriage, organizing vendors, and signing contracts.
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“I knew I wouldn’t be able to maintain a full income and I needed more money to launch the business, so leaving was not an option my job,” says Amber. “I also wanted to make sure I was on the right track with my market audience and that I was building traction before I jumped in.”
Amber’s event planning business is doing so well, she plans to quit her full-time job in a few months: “By the end of this year, I will have tripled my sales from our first year , so our growth rate is strong. growth cannot continue while I am dedicated full-time to someone else’s business.
“It’s a little scary to take the leap, but I have the drive and I know that if I can focus on my own business full time, I’ll grow even bigger.”
More than 80 million people in the United States own pets. Many of these people also take vacations without their pets, which means they need someone to take care of them while they’re away.
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Owners often find a dog walking or pet sitter business on platforms like Rover. It is an added advantage if you have pet certifications, such as first aid or animal behavior. But above all, you need to reassure potential customers that their pet is safe in your care.
If you are not confident with pets, offer to house someone while they are on vacation. House sitters can earn between $25 and $30 per day, but this increases for overnight stays, household size and location. Combine this with a full-time job that allows you to work remotely to earn extra income with minimal disruption to your work.
A user tester provides feedback on a website, app or product. Companies look for user testing to develop software before releasing it to the public, and provide compensation for their time.
Experiments take between 10 and 30 minutes, so it’s a side business idea worth pursuing when you have some free time. One user test per day can quickly add up to several hundred dollars per month.
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Dropshipping is an e-commerce business model with minimal startup costs. Find products to sell through dropshipping apps like DSersorSpocket. Then, create an online store to sell them. Your supplier automatically picks, packs and ships products to your customer when an order comes through.
Thomas Sleeth, founder of Dropshipping Hustle, “worked full-time as a disability support worker for 14 years before trying dropshipping on the side. a little work time taught me all I could.
It took Thomas five months to see consistent profits through the small business. “However, I didn’t give up my full-time job for almost a year,” he says. “At the time it was really hard for me to give up my long-term job, but in retrospect I should have quit a few months earlier.
“I was in the dropshipping and e-commerce space for four years and made more than I could have if I continued my normal job.”
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If you don’t have much time to invest in a side business, consider renting out space in your home. More than two million people rent vacation rentals through Airbnb
