2021 is the year of the economic rise. Covid-19 causes many traditional businesses to flop. As our people mostly do traditional businesses such as physical stores and malls, certain people start earning big bucks from E-commerce and the Internet. Wait a minutes! Today’s topic will discuss the 10 ways how to make fast money in Malaysia.
Physical stores need big expenses such as rentals, permits, and bills to run. However, people start to earn big bucks from the easy money businesses rather than the traditional-style businesses. The main factor is the internet. The wide usage of the internet allows us to explore more easy and fast money-making machines.
Do you know the story of Netflix? Yes, and it is the rival of the Blockbuster brand in the film production industry. Back then, it is just a rental video company that runs physically. Evolution does teach the brand better, hence it launches the first streaming service in the world. Now, it is worth billions of dollars for the value of the company.
Lots of lessons were learned from the brand, as it uses the internet to convert it into a goldmine. Our country has launched high-speed internet via fiber across the nation recently. Thus, it is a great chance to improve skills in that area and starts earning more than you can imagine. It might not make you rich and famous, but with the right guidance, the least is you can achieve is financial freedom.
What are the 10 ways on how to make fast money in Malaysia?
Our team has done a lot of market research and summed up the 10 best ways how to make fast money in Malaysia:
Build Your Very Own Website/Blog + Affiliate Marketing
Website is an excellent tool to attract your audiences into a specific pool. Imagine you have a big pool that consists of various fishes. Small and big fish wander around the pool and you have a lot of bait to catch those fish. That’s the meaning of having a website
Attract your audience with useful content according to your niche. There are plenty of niches you can explore of such as cooking tips, travels, and gaming content as well. Make sure you use the best SEO within your content to ensure it attracts viewers and readers.
So, how do I start? You can start on your own or hire freelancers or professionals to do it for you. To start doing it by yourself, you have to create a domain name and pay the annual fees. It is to ensure that your domain is maintenance by the domain provider. You can get it with exabytes, cunhost, and Godaddy that offers domain and hosting as well. Both are essentials to kickstart your site.
As by hiring professionals, beware of scams on the internet. Don’t pay the deposit first, start a conversation between them first while researching about them along the way. Then, your website is done, rich them with useful content
Monitor your traffic, and starts doing advertiser column or spaces on your websites. Charge them with advertiser fees depending on your website traffic. The more traffic you can attract, the more quality advertisers you can collaborate with. And for sure, you start to earn passive income!
Online Tutoring
Education is important for people. Back then, education is difficult caused by the lack of innovations. Books and libraries are the main media to gain knowledge. Because of the digital transformation, the traditional way is irrelevant now.
With the born of the internet, you can get digital books with your home devices. And, you can set up a mini-library too! However, these practices cannot test your knowledge effectively. Learning by the traditional way is the best exercise and exciting as well.
Hence, because of the pandemic COVID-19, the digital trend is the only choice to educate our kids. There is no other way as the government announces that in 2022, all school reopens. The online-tutoring is the best way to gain knowledge.
And, you can benefit from it. You can join as an online tutor if you have qualifications in Mathematics and English. Both subjects are on demand right now. You can try those platforms such as that recruit all the experts’ community.
Not only that, you can earn by hours, weekly or monthly basis based on your qualifications.
Online Coaching
Similar to online tutoring, you can share your talent and knowledge with the community. That is the first thing that you must do. Then, sell your advice, ideas, and consultation directly to your potential customers. People are in need of those magic words from you. Plus, you can sell relationship advice too!
For startups, you can search potential clients on Coach.me regularly. It offers an ecosystem for both coaches and coachees a win-win situation. Plus, an exciting offers. Other than that, start an online video on the Youtube platform. The platform can help you to access millions of users who are in need of these
Create useful content based on your niche. For example, motivational talks and forums. You can start with constructing good headlines on the platform. Right keywords in the headline can help boost your videos to the top of the search list. Plus, it can boost your online presence based on your niche.
Become a YouTuber
Creating videos had been sensational recently. It is an interaction to give information, promotions, and useful content to the viewers. There are platforms you can upload your creation such as Youtube, IGTV, and Facebook Watch.
Youtube is the most popular video platform in the world. Imagine creating a video for billions of viewers in the world. You can get access to uplift your brand or business rapidly. Some people start with vlogging.
Vlogging is the easiest way to start making money on the platform. You need to share your daily activities from your home or work. Plenty of content ideas you can start with such as fishing, tinkering, or repairing your home appliances.
Other than that, you can share your skills on the platform. Creating mathematic lessons or hijab tutorials are both top trending videos on the platform. It is so easy to do, as you just need to register with the partner program. Once approved, you need to fulfill the criteria allowing your channel to monetize.
Once monetized, your earning is based on video views. Higher video views have a high probability of earnings for each month.
Selling Products on Social Media
Do you know that selling products doesn’t need any communication skills? Yes, exactly! You don’t need to speak to your customers while selling products on social media. Yes, social media has been the lifestyle companion in our lives today.
Back then, selling products is just owning a physical store with lots of stocks in hand. You will need a good amount of cash to start up your stock load. So, the best solution is, sell your products on social media.
Many drop shippers require no stock load to sell. You don’t have to buy product stocks and mess up your home. Dropshipping method allows you to just share links to social media, and start engaging with your potential customers.
It is really easy as you can start it with a minimal amount of money to start. All the logistics and delivery are handled by the management or the founder himself/herself.
There are platforms you can start with. The easiest way is to partner with an eCommerce store such as Shopee and Lazada. These platforms are so popular in Malaysia and both brands have millions of users spending on its site. Hence, you need to calculate your margins as these platforms charged you for every transaction made from the site.
Freelance Writing
This is the next big thing. Tech-savvy and creative writers people are earning the most from this field. Although it is not so popular in Malaysia, it is demanding right now. You love to write and read and at the same time, this might help you to earn more.
You just need a desktop or a laptop, and a good internet connection, you can start it immediately. Don’t waste your creativity and starts to write up good articles and content on the internet. Join any community Facebook groups with freelancers or sign up with freelance platforms.
Day by day, you will get a good online presence, besides a good reputation to your potential clients. Once you get good feedback from your clients, they can extend your networks by referring you to theirs. Good marketing is by referring lead to you.
Another tip, offer your client to write for them with no charge for the first task. If both parties agreed, create a bombastic write-up to pitch your business. Who knows, your client will recommend you to his/her networks.
Freelance
Freelancing is the best way to upgrade your skill to the fullest. It is quite unpopular in Malaysia, but it can possibly grow rapidly. Freelancing jobs such as data entry, translating documents, and creating a business profile are currently on-demand. You can search for jobs with various platforms such as Upwork and Freelancer.com.
Yes, no capital to start, you can earn clean profit for every task you submit. It is helpful for the community to survive during the dark days. You can improve your skills by participating in training and webinars.
In case you don’t know how to market yourself, do join community groups and platforms. The networks will help you to connect with potential clients. Create a captivating profile and do upload some of your previous works.
Here is the tip, join community social media groups titled freelance or side jobs. In the group, you can search for a lot of tasks posted by your potential clients. To give it a go, offer yourself a free service to the community group. Offer first free service allows you to engage with your quality client faster and effectively.
So, what are your waiting for? Do it now!
Sell Your Talents
Are you an expert in advertising, marketing, and designing? Well, don’t waste your skills as you can convert them into money. Platforms such as Kaodim and eRezeki will benefit you to get suitable earnings for your talents.
Creating websites can consume more time to develop, but by joining these platforms, you will thank them for helping you. All you gotta do is tell the audience about your talents and how it is can help them. Clients are often seeking professional services at any time.
So seat back and decorate your profile while waiting for bids for the jobs. You can also hire experts to decorate your profile. If you have an extra budget, go for paid advertisements to reach your potential customers. It will be worth it! Imagine you can earn anywhere you want while traveling with your families. It will be free and exciting!
Online Assistant
If you are an organized person, this will help you to earn even more. Assist in making purchases online and making travel itineraries are really easy for them. So, why don’t you help those who are not familiar with this? Of course, you charge them with your consultation fees.
It is a no-cost job as many of our seniors still don’t know how to utilize the internet and their smart devices. Malaysians are too lazy to organize that messy paperwork and missing flights. Do use all the productivity apps to help them go through the day.
It is still an easy job, but don’t forget to manage yourself too. If you get too many clients relying on you, you can get messed up too. Know your capability and time management as it will cost you badly if you messed up with your clients.
Another tip to maximize it, know your customer well. Online assistant is better when you get close to your client. You must take note of his/her spending pattern, financial status, and lifestyle. Knowing your client well will be a bonus for you, as you can offer the services that match his/her needs.
Selling Photos
Photography is unique for certain people. The art of taking lovely pictures is a natural-born skill set not for everyone. If you are one of them, let the world knows and starts earning. Don’t put your masterpiece in your drawer and moan about current issues. Get up and prove your worth.
There are plenty of platforms that offer you good money while uploading your magnificent photos. First, you need to sign up as a photographer on these websites. After that, upload it into these websites and start to monitor the views. Once your audience downloads your pictures, you will start earning based on your traffics.
The more traffic you attract, the more bucks for you. People are searching for these lovely photos for their content work or even to put them on websites. So, a win-win situation like this will benefit parties in the long term. Who said hobby is a liability?
Frequently Asked Questions (FAQs)
Do all the jobs needs cost to startup?
All the jobs or businesses in the list above don’t require any cost to start. You only need a stable internet connection and a social media account. For example, freelance writing requires a laptop to ease your write-up. You can start writing on your social media based on your opinion. Social media accounts can be a bonus as potential hirers are all over that area.
I don’t have a laptop, how do I start?
You can use your smartphone as your kickstart. Typing on a smartphone can be annoying sometimes. So, the best solution is to buy a wireless or Bluetooth keyboard to ease your job. A bonus if you buy a 2-in-1 keyboard and mouse connected to your smartphone. The smartphone can act as a mini laptop for daily work.
How to search for these platforms?
Just simply research specific steps. Most platforms will help you along the way with a kickstart guide. Go through a deep reading on those guides, and beware of potential scam hirers.
Do I have to declare income tax?
Yes of course! You get a lot of benefits by declaring your income tax. For a startup, a lot of tax redemptions were offered by the government recently. You can get up to RM5,000 per annum for every criterion given such as computer expenses, employee contribution, insurance, and car loans. You should do it on your own at first.
How do I join the supportive community?
There are many community groups on many drop shippers that require social media that support these movements. Government initiative such as eRezeki, TheKedua, and many more ventures offers free training for you. You can just go to their website without any cost needed.
Kickstart Guide
Internet plans
Internet is the most basic need to start making fast money in Malaysia. Explore all internet plans on the market as it varies from other companies. Do a coverage check surrounding your neighborhood and start subscribing to a plan. With this, you don’t have to worry about seeking those potential clients at your home.
Smartphone
It is essential to have it, as you can directly approach your potential customers on the go. Many telco giants offers good cheap smartphones recently. With the aid of the government, people will get the chance to grab these smartphones at a lower price. There is a pool of freelancers or job seekers that waited to be hired by your potential clients. So, be ready at all times with your smartphone.
Laptop/Desktop
It is a ‘must have’ device to start your fast money business. A basic desktop with a simple productivity app is sufficient to kickstart your daily earnings. search for refurbished desktops or laptops at affordable prices on the market. There a plenty of choices you can choose from, but beware of frauds from scam sellers
Apps
Organize your work with a suitable app to ease you. For startups, choose free productivity that can make your work organized. For example, WhatsApp for business, zoom meeting, and google chat are the best choice to download. Here are a brief description of top productivity apps for freelancers:
- Whatsapp for Business – a simple WhatsApp with business features. You can list your products and services in the catalog. Moreover, locate your business and business hours into your profile. It helps you to show your information in the app
- Zoom – the best way to do video conferencing on the go. You can set your upcoming meetings with your client on any device. However, beware of hacking cams that record your private time during meetings.
- Google Chat – the best chat app to do business conversation. It is suitable for business conversations with hirers or clients because of its dynamic features. You can upload numerous files or media within the chat app. With this, you can split the conversation between work and personal matters.
Time Management
You start to feel tired when all your workload is jammed. Why? It is probably caused by your time management. Worklife balance is important to maintain your stress level. The best way to optimize your time is by consuming only eight hours per day for work. It allows you to concentrate on the working hours on your own without any attendance.
Conclusion
The economy is the pillar of world peace. If we zoom into the micro-level of the economy, Malaysia is still far behind. There is no other choice for us to survive as earning more money is essential nowadays. Making more money fast is hard, but it can be executed. In this write up on 10 ways how to make fast money in Malaysia, all information is based on various experiences from the field. There is no such thing as making money promises and scams wander around the community. Do deep research, action, and do it over again. Failure is part of the success journey. So let’s raise it’s the economy will transform drastically over a few years.
Most jobs on the list have a lot in common. All can be operated at home and it doesn’t have to cost a cent to start. Utilize your arsenal to the fullest to maximize your income in 2021. The future will not wait for you to rise. This is the right time to admit that our lifestyle has changed.