Looking to start a new business is always incredibly
exciting. Especially in a country like Malaysia, which is currently experiencing
an economic boom. As a new entrepreneur testing the waters, you may want to
start a small business before you delve into larger legal structures.
But what is a small business? A small business can be
defined as a business that is both owned and operated independently. Currently,
small businesses make up to 60% of the businesses in Malaysia. Thus, showing you that it is a truly lucrative
idea. The benefits of opening a small business are many. Among them, the
biggest is the ease of setting up. In fact, you may even setup your business online in Malaysia! This can be done via the website for
the Registrar of Companies.
However, as a new entrepreneur, thinking of a business idea
can be daunting. While you have the zeal and motivation, delving into the
economic climate of Malaysia is exhaustive. One can even say it’s almost
impossible to think of a new idea now. However, this should not hold you back.
From research into market trends, we’ve looked into a few business ideas that
are new or newish to Malaysia!
Therefore, without further deliberation, below is a curated
list of unique business ideas you can start in Malaysia. This list has
been made by looking at the current entrepreneurial landscape of Malaysia.
Meaning these are what the current Malaysian markets are lacking and are in
need of. Moreover, some of these ideas are completely new to Malaysia, which means you can profit off of the
novelty.
Mannequin Trader
Malaysia has a booming textile industry. As such, there are
several clothing stores dotted around the country. One business idea could be
to restore pre-used mannequins to give them a second life in these stores. You
may also opt to customize mannequins depending on customer preference.
Everything for LKR 100
Opening a store where all items retail for LKR 100 (or
another base price you may set) seems novel. This is a popular business idea in
foreign countries, but has not been explored in Malaysia. You can sell a
variety of items from snacks to stationery goods.
Cat café
Opening a café in Malaysia is a common business idea.
Currently, the market is saturated with new cafes and other food retailers. So,
if you’re interested in beginning your own café, you will need to have a fresh
twist on it. That’s why we suggest cat cafés! Popular in other parts of Asia
such as Japan, cat cafés are cafés in which adorable feline friends roam
freely. Thus, providing customers joy and satisfaction as they eat their meals.
You don’t have to stick to just cats as well! Puppy cafés and bunny cafés serve
as a popular choice as well!
Custom paintings and portraits
Some people are happy with the instant results of a phone
camera. Some people want something more traditional. And that’s where you can
come in. If you’ve got a flair for painting and an artistic eye, you may start
up a custom portrait business. Where you can offer to paint clients in your own
unique style.
Freelance musician
Are you skilled with a guitar? Or a piano? Do you have a
mesmerizing voice? If any of your answers are yes, you can start up your
business as a freelance musician. As Malaysia is currently booming in the food and beverage industry, you may find
yourself with several clients looking for live music. In fact, with a
comprehensive website with examples of your skill, you may even be booked for
private events and parties. Furthermore, you can also opt to perform at events
to advertise yourself.
Freelance video editor
With the current rise of social media and advertising,
clients now flock to video editors to ensure their video is as good as it can
be. Therefore, if you’re familiar and skilled as a video editor, you can use it
as your pitch to start up your business.
Interior designer
Got an eye for design? Then you may find yourself happy by
establishing a business as an interior designer. This way, you can market
yourself to both office owners as well as homeowners. Moreover, this business
requires very little startup capital.
Custom candle maker
Candle making has been an art for generations. Sadly, it has
seen a steady decline in the past decade, as more people opt for commercially
produced candles instead. By starting a custom candle business, you can appeal
to clients by being able to craft their favorite scent! Moreover, you can
harness the soothing power of essential oils as a marketing point too!
Customers can select what they like, for example, a lavender scent for
relaxation and you can take care of the rest.
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