Starting a business is one of the biggest wish of many Malaysians. With your own business, you can earn additional income, you can decide your own pay check, you decide your own work hours too.
After all, who will still work in the same company, with the same pay, for 30 years?
However, many people also failed when they start a business. Most of the time, they failed not because they are inexperienced, or lack of capital. Most fail because they do the wrong business.
Here are 3 worst business to start in Malaysia.
Opening A Cafe
Opening a cafe seems to be the trend in the past few years. On the surface, it seems profitable to sell a cappuccino at RM15, truffle fries at RM20, eggs benedict toast at RM40. However, no one sees the REAL Killer of opening a cafe – High Rental and Employee Cost.
The high rental can go up to RM7000 a month. Not to mention, you need pay at least 6 months to 12 months upfront to the landlord to secure the space. This means you need to pay RM84,000 to the landlord, even before you sell your first coffee.
We have yet to add in renovation costs and employee wages. You do your own maths. All these huge costs are reasons why more and more cafes are closing down.
MLM or Multi-Level Marketing
MLM is also one of the most popular businesses out there, but also one of the hardest to do (But your upline or the friend who recruit you will say otherwise).
When you do MLM, yes, your startup capital is low with few hundreds or thousands only, unlike opening a cafe. But the most difficult part? Finding customers to buy your MLM products. Your upline will tell you to sell to your friends or family members. If you’ve done MLM before, or have friends who done MLM before, you will know what I mean (and how many friends start to avoid you).
No one likes to sell to friends and family. Worse, what if your friends and family don’t buy from you, who can you sell to? Giving out flyers at Train stations? Doing roadshows at shopping malls?
Selling is not suitable for everyone, and that’s why many people fail in MLM business.
3. Website Design
Another business most people tried is Website Design. This is usually done by people with some IT technical skills. A website project can earn you RM3000 to RM5000 per website. You don’t need to pay high rental too, as you can work from home.
This may get you thinking… “Wow, In this case, I can just do 1 website per month, and I can easily earn RM5000! I can also work from home!” This is what most website designers first thought also.
What they don’t know, is that handling customers can be a big headache. Customers have tons of changes to their website, and your most websites cannot complete in 1 month, but after 6 months to even 1 year!
Furthermore, customers will call you at night or weird hours to demand quick changes.
Most people give up their web design business, rather than dealing with endless customer support.
Is It Still Possible To Build A Business, Without Huge Rental, Without Finding Customers Or Selling To Friends And Family, And Without Doing Customer Support?
Yes. It is possible.
And it is also what I called the best business model for ordinary Malaysians who don’t like to sell, don’t like to do customer support, don’t need huge rental… and still can make 6 figures like this.
Just like you, we are ordinary Malaysians who want to start businesses so we can earn more, and also have more freedom in our lives. And the business which allow us to achieve all that, is to build an Amazon eCommerce business.
With Amazon, we have made 6 to 7 figures, and
- No need to create any websites
- No need to handle inventory
- No need to deliver products to your customers’ doorstep
- No need to find customers yourself
- No need to do customer support
- No need to hire employees
Do you want to learn how?
Here’s the good news.
We will be conducting a Free “5-Star Seller Academy” Seminar to show ordinary Malaysians how they can make additional 6 figures income, without handling websites, doing customer support, or even selling.
Seats are limited, as each class is only limited to 30 people.