What business can I start with RM5000 or less in Malaysia?
There are many low cost business opportunities that you can explore in Malaysia.
In this article, I will share with you my story building my business using the business opportunity offered by BE International.
Above is a picture of me doing a product presentation in Johor Bahru.
You may be wondering, who am I?
My name is Lynn and I am from Kuala Lumpur, Malaysia.
I am a mother of two kids, a full-time housewife and also a “mompreneur”.
What’s a mompreneur?
Mompreneur, or “momtrepreneurs,” is a slang term describing women who start or run their own businesses while also acting as a full-time parent, where mompreneur is a combination of the words “mom” and “entrepreneur.”www.investopedia.com
The above definition of mompreneur pretty much described what I do.
If you are also a full-time housewife and searching for ways to contribute financially to your family, your best option is to become a mompreneur.
To become a mompreneur, you will definitely encounter 2 key challenges.
I know because I had to overcome the same challenges as well.
The 2 key challenges are:
- Limited time daily to build your business
- Limited capital to invest in your business
If you don’t have much time daily and don’t have much capital, starting a conventional business from scratch is out of the question.
Reason being, a conventional business needs a lot of capital investment and also a lot of your time, energy and attention.
If you can’t start a conventional business, what else can you do to generate income for your family?
Well, you can take advantage of the many business opportunities available in the market.
As for me, I chose the business opportunity offered by BE International.
I started my business journey with BE International back in November 2017.
After 2 years of building my business diligently, I actually bought my dream house with the income from my business.
How did I do it?
Read on and I’ll share my story.
The reason I started my business was to build an income source for myself so that I can help to pay for my family’s expenses.
Previously, I was a Human Resource (HR) manager for an office supplies manufacturing company in Kuala Lumpur, Malaysia.
I resigned from my job back in 2010 when I got married.
After that, me and my husband had our first child and 2 years later, our second child.
I was a full-time housewife for 6 years before I decided to get back into employment.
Back then, my husband was the only breadwinner and our family’s cashflow was very tight.
With only one source of income, we don’t have much left money wise at the end of every month.
I did try to find a job but after sending more than 90 resumes and going for 6 job interviews, no company wanted to hire me even though I am highly qualified and experienced.
The reason the companies don’t want to hire me was due to my 6 years gap of not working when I was a full-time housewife.
It was a disappointing experience for both me and my husband.
Nonetheless, I had to find a solution to expand the income for our family.
That was when I started to look for business opportunities where I can operate from our rented house.
My 1st business
I actually started a small home based business in early 2017 selling prepacked baby porridge.
I bought the prepacked baby porridge in bulk from Taiwan and started promoting them on social media such as Facebook and Carousell.
This blog was actually created by my husband in order for me to market and promote the prepacked baby porridge.
You can find some of the early articles about the baby porridge still in this blog.
However, after a few months of selling the prepacked baby porridge, I had a realisation about my business.
I realised the monthly income from my home business is very small and it is unlikely that I can grow it into a big business.
Reason being, the target market for the prepacked baby porridge was very small.
Back then, only mothers with 2 – 3 years old toddler who are going for a holiday are my target customers.
Can you see how small the target market was?
That was why on a good month such as during school holidays, my home based business selling prepacked baby porridge could only generate RM400 – RM500 in net profit.
I remember my husband told me, “We can’t go on like this”.
The net profit from my home business was too low.
I need to find another product to sell in order to make it worth while.
Ideally, the product has to be of higher value so that we can earn higher profit.
The product also has to able to cater for a bigger market.
People of all ages, men and women of every ethnicity in Malaysia should be able to use the product.
With the above 2 criteria in mind, I started to look for a new product for my home based business.
As fate has it, I found the product we were looking for in the comment section of a Facebook post.
The ideal product that I found on Facebook was the Aulora Pants with Kodenshi from Japan and the product brand owner was BE International.
Above is a picture of the Aulora Pants from Japan.
As luck has it, BE International has a referral program to market and sell the Aulora Pants as an Independent Business Owner (IBO).
When I first got started in the BE business, my husband asked me why I chose the direct selling industry.
Back then, I don’t know much about the industry or the market size, but what I saw was the POTENTIAL of the Aulora Pants.
I began researching and learning about the market size.
Do you know how big is the direct selling industry in Malaysia?
According to the World Federation of Direct Selling Associations (WFDSA), a leading international, non-governmental, voluntary organization representing the global direct selling industry in more than 170 countries fact sheet, Malaysia was ranked number 7 globally in term of total sales generated.
For the year 2020, the total sales from the Malaysian direct selling industry was USD6.97 billion!
As per the statistic from WFDSA, the top 10 direct selling markets in the world are:
1) United States (USD40.1 Billion)
2) China (USD19.18 Billion)
3) Germany (USD17.96 Billion)
4) Korea (USD17.74 Billion)
5) Japan (USD15.41 Billion)
6) Brazil (USD8.25 Billion)
7) Malaysia (USD6.97 Billion)
8) Mexico (USD5.27 Billion)
9) France (USD5.13 Billion)
10) Taiwan, China (USD4.46 Billion)
How much was my investment to start my business with BE International?
It was less than RM5000.
My initial investment
How much was my initial investment to start my business selling the Aulora Pants?
I actually started with an investment of not more than RM2000.
The money was used to purchase a few pairs of the Aulora Pants for trial purposes.
The reason I purchased the pants because I was looking for a solution to help to relieve my back pain and leg cramps.
I also wanted to experience wearing the pants personally.
After wearing the Aulora Pants for a few days, my back ache and leg cramps surprisingly went away.
I was now convinced that the pants works and started to promote it as the core product for my business.
Initially, my husband didn’t think there were much potential in the business.
He didn’t focus much on it other than being a supporting husband.
He helped me to create content and maintain this blog and also helped to drive me to appointments to meet with prospects.
This blog became my main medium to generate leads for my business.
In the first month, the commission that I got from promoting and selling the Aulora Pants was more than RM1000!
It was definitely a much better option than selling prepacked baby porridge.
I kept on building my business and it started to grow.
Third month into the business, my monthly commission from selling the Aulora Pants has exceeded RM5000!
Honestly, I was surprised by the results.
I was wondering why the Aulora Pants was selling so well?
After some research and deep thinking, I realised the Aulora Pants was a Blue Ocean product.
The concept of a blue ocean product is from the book Blue Ocean Strategy written by W. Chan Kim and Renee Mauborgne.
A blue ocean product is in contrast to a red ocean product where the competition is very stiff and profit margin very low.
In a red ocean, everyone is fighting each other just to get their hands on a small profit.
The book Blue Ocean Strategy talks about creating a product or service in a totally new category where the competitor does not exist.
This makes competition in the market irrelevant therefore it has the potential to generate a higher profit.
By chance, I stumbled upon a blue ocean product in Malaysia which was the Aulora Pants.
Thank you for reading this article and I hope it was helpful for you.
Before you leave, please take some time to read the disclaimer page on this blog.
The content above are for information and educational purposes only.
The income potential is not typical. What worked for me may or may not work for you.
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