5 Profitable E-commerce Business in Malaysia
The practicality of setting up a business today is what has made the world of business different than some years before.
Shifting to Digital World
Compared to the era of where newspaper and broadcast world lead the masses judgment, to today where news can be read through social media written by citizen journalists, the marketplace has witnessed some major shift of brick and mortar business to the digital one.
Now everyone can set up their own business and enjoy profit at a smaller scale from the start.
The Rise of E-commerce
This is what we define e-commerce. E-commerce though has been present for some few years, only the recent years that people start to recognize its importance and significance to today’s society.
As mentioned, e-commerce has brought the world of business and the marketplace closer to society. The system of exchange goods and services with money and currency has become virtual that more and more people become invested in the simpler form of shopping.
Business owners also have indirectly paid more attention to online businesses rather than offline. Nowadays, there are so many ways to make money online compared to back then when everything needed a physical store and such.
Make Money With These Online Businesses
In this article, we want to emphasize five types of business that people can start to make money on e-commerce though we promise no luxury at the end of the article.
We are aware that with the cost of living had increased, many would want to test the water in business, hence, we are here to help for the first step of brainstorming.
We listed this category of business upon ranking in descending order because we know that you would be eager to know the secret to profit as soon as possible because we would do the same too.
If you’re just starting out, there are several apps that you can use to help you in the journey.
1. Fashion
The fast fashion scene has led this category the most so far. As more people have become fashion conscious, the fashion world has bloomed more than before.
High Demand of Fashionwears
Every day, more fashion brand has birthed and the demand to cater to the people who are thirsty for the latest fashion trend had leveraged day by day.
Be it clothes, shoes or mere accessories that enhanced the person represented in the society, people have never argued and question to millions of fashion brand in the market.
This is because other varied fashion sense among people. It is also because it keeps the competition healthy whether in terms of price or inspiration.
Business owners who want to sell fashion piece today would not face any hardship to make a profit as long as they know who is their target market.
2. Food & beverages
Being locals in Malaysia, we are already aware of the variety of traditional and fusion food varieties in the country. We are made up of some big eater society who not only loves food but also loves fusion food especially between the Westerns and Malaysian food.
Online F&B Business
Setting up an e-commerce business for F&B can be easy but also very tricky as food can easily be contaminated if not being handled carefully.
As food also has a limit for its edibility, owners of F&B businesses are limited to cater to a smaller area as the cost to deliver the food to some destinations on the spot and the extra care that they must pay attention to.
However as this category of e-commerce business has a bigger risk than the other, not many people would test the water by involving in this category of business, hence leaving those with focused mindset more space in the marketplace to conquer the industry once they’ve set their mind into it.
3. Gadgets & accessories
Mobile or smartphones today has become loyal buddies to many human being today. From the cheapest to the most expensive that hit four digits amount, people were fed with a wide variety of choice to choose from.
Gadgets Dress Up
Some use it for the practicality and some own it for pride but nonetheless, many have become more invested in getting the desired phone and accessorized their phone to their liking.
Be it extra cable charger, clip or fan, people have paid more attention to maximize the usage of smartphones in their life.
Thus, as consumers to these market grow every time the giant mobile company starts to release a new model of smartphones, business owners are left with more target consumers to cater to.
To ensure the stability of the market, just make sure that you offer the accessories and gadgets at the closest price to your competitor.
4. Miscellaneous
We know how ambiguous this category would be to some business minded people but we have our own stand on why this category is among the top five.
One Man’s Trash Is Another Man’s Treasure
Have you been to a shop that sells small things you can find at homes such as necklace rack, lipstick holder and cookie jar? This is what we call miscellaneous, as it could be important to someone but without it, the person would be able to continue his or her living without it.
This category is profitable as to our knowledge, we know how a home can be created through a more systematic kind of storage and only with this miscellaneous item could people achieve the standard of living comfortably that they want.
Thus, selling things like a cookie jar or toothbrush holder is not pathetic but rather making other people’s life simpler.
5. Home appliances
Tackling House Chores At Its Best
We must admit that the majority of online shoppers are made up of some stay-at-home moms. As technology has become more advanced, the effort of some daily stuff engineers is to make the job of mothers easier in tackling house chores, thus it is not rare to find some inventions of 3-in-1 mop or even folding the clothes machine.
Have we mentioned that most of them were born in Japan? Surprisingly, this category receives recognition from mothers who want to reduce the time spent on certain house chores as spending time with the family is more important. Not to forget all the working moms who find it exhausting to focus on one task for hours.
Facebook Promotion
By selling home appliances, you would not only help reduce the stress of mothers but also making house chores more fun to do with the whole family as many new inventions of home appliances today have overlapping functions with each other.
The trick is to target through some Facebook community and make sure you upload some demos to complement your product feature.
Conclusion
So if you think you already have the business mindset but not so sure the category that you should strive for in the market, no need to worry, we have outlined some brief explanations and the niche profitable category that you can focus when you want to start selling something online.
If this article has helped you, get the word across to your neighbour, your friends and your family. We want to offer extra hands even in terms of knowledge about business. Be sure to check on our latest update on next hot topics about e-commerce!
