Did you know you can buy a business in Malaysia? Some of you may already know this, but I didn’t up until my mid-20s, so here I am putting that fact out there.
If you’ve always wanted to test your entrepreneurial side, you can buy a business from any of the options listed below, instead of starting one from scratch. Kind of like the same idea as buying clothes off the rack rather than sewing it yourself. Might need alterations, but it’s ready-to-wear.
What type of business, you ask? Oh dudettes. So many types. Anything you can think of. We’re talking:
On 1 and 2 February 2020, I self-organised not one, but FOUR money management workshops in one weekend. Tiring? Yeah. Fulfilling AND profitable? HELL YEAH.
In this article, I’d like to share with you the exact steps I used to plan and execute the workshops, from ideation to execution. I did almost everything myself, with the help of various online tools and platforms.
There are seven steps involved. Use this as a guide if you’re planning to organise your own workshops, in any niche, to earn as side income.
And wow did Twitterjaya respond. 30 ‘yes’ replies as of time of writing! So here you go – an article about everything a beginner should know about how to make money with social media skills.
Note: as social media is still evolving, I plan to continually update this article, but it should be a good starting point.
Just a little heads up before you get too excited – just because social media marketing sounds fun af (and it is), doesn’t mean its not work. The ‘social media efforts are best done regularly and consistently‘ part is the work part.
Let’s play a game. Anytime you see someone asking the understandably common question of ‘What should I invest in?’ online – in Facebook, Twitter, any social media really – try and see if you can find that one fella who reply back ‘you should invest in yourself first’.
Which is, you know, not wrong. But it *is* condescending and out of place. I said what I said.
(Btw – the answer to that question is in this article. Most people start their investment journey with one of these five types of investments)
But fine. Like I said, those fellas – and its almost always fellas – are not wrong (again, I said what I said). It *is* important to invest in yourself first, I agree.
How does ‘invest in yourself’ look like in practice though? In this article I’d like to share how I’ve been interpreting that statement. The steps are loosely chronological.
#1 – Get access to learning materials
Non-fiction books. Courses – online and offline. Any source of new knowledge, paid or free. I’d put travel in this category too.
You already know this – it’s too obvious and I’m not even going to expand this section beyond this.
One of my favourite things about being a writer is the creativity I can apply during the content creation and monetisation process. There are so many ways to earn money!
And you know what? Anyone can write. And everyone has a network of friends and family to tap into. It’s just a matter of doing it well, in a ‘everyone likes to buy but no one likes to be sold’ kinda way.
In this article, I would like to share with my fellow content creators – both current, future and even casual ones – the referral programmes that I have experience in using, plus the amount of income they have generated for me so far.
I’m also giving links of posts containing the referral links so you can have a sense of what types of content do well, and which do not. Knowing what *doesn’t* work is part of learning too.
Confession: It’s really… weird… that personal finance, as a topic, is getting more attention than ever. I mean, it’s good and all, it’s just strange to be right smack of it all, as a personal finance blogger.
And shit REALLY got real ever since the Malaysian government launched the National Strategy for Financial Literacy (2019-2023) on July 2019. I’ve personally gotten more outreach requests for interviews, speaking engagements and collaborations since then.
So, there’s no questioning that personal finance is a HOT topic. For today’s article, I’ve decided to brainstorm and compile how YOU – a personal finance enthusiast – can take advantage of this situation. Here are some ways to make money from this hot trend.
When I was in college – and by college I mean the combined time I spent studying for diploma, degree and masters – I supplemented my parental and PTPTN allowance with a bunch of part time jobs.
Had to lah. For one, I felt guilty for using FAMA scholarship when getting my diploma and degree, especially after I found out my parents were actually facing financial difficulties during the time. Parents, I tell you, they never tell you anything :'(
For another, looking and finding part time jobs for college students turned out to be a productive way to waste time. It’s procrastination but in a good way. Don’t lie to me – some of you college students reading this, you’re looking for part-time jobs despite haven’t finished your assignments yet correct not?
Recently, I had the opportunity to facilitate a financial management workshop for WOMEN:Girls NGO. One of the questions I asked the group who said they’d prefer to be employed (rather than be self-employed) is what they think they can do to earn a high salary in Malaysia.
And I don’t know if it’s just that particular group, or if this is the common view among the overall population, but they seemed to think that the way to earn a high salary is to basically:
Be good at the job
Be loyal to the company
Get rewarded with promotions in due time
At this point I was like, hmm how do I tell them nicely. Even the sponsors who were sitting at the back of the room (folks employed at a big cosmetics company) were laughing good-naturedly, mouthing ‘no’.
Making money is a type of high that is hard to describe. Seeing the numbers in your bank account grow is extremely, extremely satisfying.
As someone who is obsessed with personal finance, I read a lot of articles and books that give various money making tips. Here are some that weren’t immediately obvious, things that I wish I knew earlier.
#1 – You have to have (some) money first before you can invest it
I know. I didn’t believe it at first. Just stared at that text for a long time, digesting what just happened. And that’s not the only donation I received too. Including this amount, I can safely say that I’ve recovered all upfront costs, and then some.
To show you my gratitude, I would like to break down the details and behind-the-scenes of selling online in Malaysia in this article. My product is a book but you can apply the knowledge to anything else. Hope it’ll be useful for you, for your own ecommerce shop (now or future).
#1 – Calculating cost price – Beyond the printing cost