Profitable Small Business Ideas In Malaysia You Can Start With Little Capital in 2023
Malaysia is a rapidly developing country with a diverse and growing economy. There are numerous opportunities for entrepreneurs to start small businesses with little capital investment and turn big in the shortest time possible if done right. However, in this very article, I’ll show you profitable small business ideas in Malaysia with little capital that you can venture into and that have the potential to turn big.
List of Profitable Small Business Ideas In Malaysia You Can Start With Little Capital In 2023
Below is the full list of 30 profitable small business ideas in Malaysia with little capital in 2023 that you might need to know:
1. Online Store
With an increasing number of people shopping online, starting an online store can be a profitable business idea in a place like Malaysia might be a good idea.
However, understand that starting an online store will require having some technical knowledge and skill in website development.
Better still, if you are not versatile in web development you can hire a staff who has everything required.
2. Social Media Marketing
Many businesses require assistance with their social media marketing.
You can offer your services as a social media manager to help them grow their online presence and get paid for the service.
Also, you’re not limited to working for just a company, you can be hired by different kinds of companies, businesses, or influencers.
3. Food Delivery Service
You can start a food delivery service in your area and partner with local restaurants and cafes to offer their food to customers.
Who wouldn’t want to eat?
Probably not!
4. Car wash
Car wash is another profitable small business idea in Malaysia with little capital, you don’t really need to get a loan or break the bank before you can start a car wash business with little capital and minimal tools.
With the increasing number of cars on the road, starting a car wash business can be a profitable business you cannot regret venturing into in a country like Malaysia.
5. Laundry Service
Many people don’t even have enough spare time to spend washing their clothes, sometimes and mostly due to their busy schedules. This is when the laundry service comes in.
Offering laundry services to busy individuals or families can be a profitable business idea.
6. Personal shopping
Personal shopping is more like offering laundry service, why?
Many people don’t have time to spare for shopping for this reason, they would need to hire a personal shopper.
As a personal shopper, you can offer your services as a personal shopper to busy individuals who don’t have time to shop for themselves.
7. Event Planning
Event planning is not for everyone, please take note of that, you must be jovial enough and ready to spend most of your time standing.
This kind of business idea is in high demand both from those who want to do weddings, parties, and corporate services.
One of the benefits of starting an event planning business in Malaysia is the fact that it requires not have much capital. Instead, the most important thing needed is to be skilled in event planning.
8. Tour Guide
You can also start a business as a tour guide.
It’s not new that many people don’t know much about every country or city they travel to, however, if they happen to get to your location, you can offer your service to tourists.
9. Personal Training
If you are passionate about fitness, you can offer personal training services to individuals.
There are 7 essential things required to become a personal trainer, they are the following:
- You must have the right and needed experience
- You’ll need to get certified to become a personal trainer
- You’ll need to acquire a business license and insurance if possible (insurance is not necessarily required in the early start-up).
- You will need to develop a business plan.
- Build up a marketing strategy
- Purchase all basic required gym equipment
- Lastly, get testimonials from clients, this shows you’ve served them better.
10. Translation Services
Translation Service rendering is also one of the top 30 Profitable small business ideas in Malaysia with little capital.
If you are fluent in multiple languages, you can offer translation services to businesses.
However, it’s important you consider the following before getting started:
- You’ll need to be trained
- Carry out market research and select a specific niche ( don’t be a jack of all trades).
- Find and probably choose top industries that need translators.
- You can check the Gengo website for a translation job.
- You may need an important to create a translation agency business plan
- Have your personal translation agency business name
- Set up your price
- If you want to be a stand-alone company, hire some translators.
11. Content writing
Another amongst the list of top 30 profitable small business ideas in Malaysia with little capital you can start in 2023 is Content writing.
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If you’re an enthusiastic researcher and writer you can offer your services as a content writer to businesses that require high-quality content for their websites and get paid either daily, weekly, or monthly.
Also, you may get hired by offering your services to clients on Fiverr Upwork or any freelancing platform and get paid for your services.
12. Graphic Design
If you are skilled in graphic design, then this could be the right time to start offering your service as a graphic designer.
You can offer your services to businesses that require branding or marketing materials and get paid.
Also, this kind of service is hot in demand on platforms like Fiverr and other freelancing platforms.
13. Web Development
The older the world becomes, the more technologies grow. This has helped many businesses to easily gain visibility online.
Having a website is essential in almost every business and with the increasing number of businesses going online, web development is a highly sought-after skill.
This is also a kind of business that doesn’t require breaking the bank before getting started.
14. SEO Services
Offering SEO services can help businesses improve their online visibility. However, you’re required to have a wealth of knowledge in the following:
- You must have a wealth of experience in auditing and addressing technical issues of any website
- Must be able to implement both on-page and off-page Seo practices
- Must be able to improve the user experience and functionalities of the website, especially for mobile users.
- Carry out keyword research etc.
15. Copywriting
Copywriting business is yet a top-notch business idea Included in the list of top 30 profitable small business ideas in Malaysia with little capital in 2023.
This is a B2B service which means you’ll be providing your copywriting services to third parties.
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If you’re a copywriter, you’ll get paid to write sales letters, sales pages, advertisements, email captions, and a lot more.
You might offer your service to an agency or work as a brand.
16. Photography
If you have a talent for photography, you can offer your services for events or sell your photos online.
Also, not only talented individuals can start a photography business, many people who are involved in photography today are not because they are talented in it.
Almost everyone can venture into the photography business provided that they have their two eyes functioning well.
The most important thing required is to acquire the rightful skills from experienced photographers.
17. Personal concierge
A personal concierge is a person or someone who makes arrangements and performs tasks for busy people, it’s similar to the personal shopper I explained earlier.
As a personal concierge, you can work for multiple clients, unlike a personal assistant where you will be hired or employed to work for a single company.
This kind of business idea requires little to no capital for a startup.
18. Bookkeeping Business
To start a bookkeeping business in Malaysia, you’ll need to have a background in accounting or bookkeeping.
You should also obtain a license from the Malaysian Institute of Accountants (MIA) before starting your business.
You can find clients by networking with small businesses and entrepreneurs who may need assistance with their accounting needs.
19. Virtual Assistant
A virtual assistant is yet another one of the lists of 30 profitable small business ideas in Malaysia with little capital.
To venture into a virtual assistant business in Malaysia, you’ll need to have excellent organizational and communication skills, as well as knowledge of various software and tools used by businesses.
You can advertise your services on social media or freelance platforms, and reach out to entrepreneurs or small business owners who may require help with administrative tasks.
20. Car Rental
Car Business is a daily income business type that requires little capital if you want to start small. However, to start a car rental business in Malaysia, you’ll need to register your company with the Registrar of Companies (ROC) and obtain the necessary licenses and permits. You’ll also need to purchase or lease vehicles, obtain insurance, and establish partnerships with hotels and travel agencies to secure rental bookings.
21. Bike Rental
To start a bike rental business in Malaysia, you’ll also need to register your company with the ROC and obtain the necessary licenses and permits like that of a car rental.
You’ll also need to purchase or lease bicycles, obtain insurance, and establish partnerships with hotels and travel agencies to secure rental bookings.
22. Online Tutoring
Starting as an online tutor in Malaysia might be easier than you think. However, it’s crucial you have expertise in a particular subject or area and also have knowledge of online teaching tools and software.
You can advertise your services on social media or tutoring websites and reach out to students or parents looking for tutoring services.
23. Cleaning Service
To begin a cleaning service business in Malaysia, you’ll need to register your company with the ROC and obtain the necessary licenses and permits.
You’ll also need to hire staff and purchase cleaning equipment and supplies.
You can advertise your services on social media, in local newspapers, or through word of mouth if you want to gain quick visibility.
24. Personal Chef
A personal chef is a small business idea that requires absolutely little to no capital.
To kickstart a personal chef business in Malaysia, you’ll need to have culinary skills and training, as well as knowledge of food safety regulations. You can advertise your services on social media, catering websites, or through word of mouth. You can also collaborate with event planners, hotels, or private clients to cater for events or provide personal chef services.
25. Home-based Bakery
To start a home-based bakery business in Malaysia, you will need to acquire baking supplies and equipment and establish partnerships with cafes or restaurants to sell your products. You may also advertise your services on social media, through word of mouth, or e-commerce platforms.
26. Music Lessons
To start a career in music lessons in Malaysia, you’re required to have expertise in a particular instrument or area of music.
However, for you to help your music lesson gain quick visibility, you can always advertise your services on social media, music forums, or tutoring websites, and reach out to students or parents looking for music lessons.
This is also one of the lists of 30 profitable small business ideas in Malaysia with little capital that is worth your time and effort in 2023.
27. Catering
Many individuals in their events need catering services as well as event planners as explained earlier. As an experienced caterer, you can start a catering service business in Malaysia and hire some staff as a starter. You may increase the number of staff as time goes by.
28. Personalized Gift Items
For you to start a personalized gift items business in Malaysia, you’ll need to have creativity and artistic skills, as well as knowledge of the materials and techniques used in creating personalized items.
29. Repair Of Computers & Smart Devices
No matter how much we care for our computers and other smart devices, they’ll still develop faults. However, as a skilled repairer, your duty is to fix faulty devices. You can become a stand-alone company or get hired by a company.
30. Sales Of Mobile Devices And Other Electronics
You don’t necessarily need to kickstart a big business, you can start the sales of mobile devices and other devices with little capital, advertise your business with a strong business strategy and watch your business grow.
Frequently Asked Questions On 30 Profitable Small Business Ideas In Malaysia You Can Start With Little Capital
Here are some frequently asked questions on 30 profitable small business ideas in Malaysia with little capital:
How much capital do I need to start a small business in Malaysia?
The amount of capital required to start a small business in Malaysia varies depending on the business idea.
Some businesses may require a small investment of a few hundred dollars, while others may require several thousand dollars.
It is important to research the specific business idea and create a detailed business plan to determine the required capital.
Are there any government programs or grants available to support small businesses in Malaysia?
Yes, there are government programs and grants available to support small businesses in Malaysia.
The Malaysian government offers a range of initiatives to support small businesses, including funding programs, tax incentives, and business development programs.
It is recommended to research the available programs and eligibility requirements.
What are some tips for starting a small business in Malaysia with little capital?
Some tips for starting a small business in Malaysia with little capital include conducting thorough market research to identify a profitable niche, creating a detailed business plan, leveraging social media and online marketing to reach customers, seeking out low-cost marketing opportunities, and focusing on delivering high-quality products or services to build a loyal customer base.
It is also important to keep overhead costs low and manage cash flow carefully to ensure financial stability.
