In this article, I will share with you what type of business you can start with RM5000 or less in Malaysia.
I will share me and my wife’s story starting the business with a small initial investment of less than RM5000 in March 2018.
After 2 years, we actually bought a new house with the income from our business.
The above is a picture of me and my wife, Lynn working from home.
What profitable business can you start with RM5000 or less in Malaysia?
The business model is dropshipping.
To generate leads for our business, we use content marketing on our blog and social media.
To be honest, my wife (Mommy Lynn) started the business first.
The reason she started a home business is to build an income source for herself so that she can help to pay for our family expenses.
Previously, my wife was a Human Resource (HR) manager for an office supplies manufacturing company in Kuala Lumpur, Malaysia.
She resigned from her job back in 2010 when we got married.
After that, we had our first child and 2 years later, our second child.
She was a full time housewife for 6 years before she decided to get back into employment.
Back then, I 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.
My wife did try to find a job but after sending more than 90 resumes and going for 6 job interviews, no company wanted to hire her even thought she is highly qualified and experienced.
The reason the companies don’t want to hire her is due to her 6 years gap of not working when she was a full time housewife.
It was a disappointing experience for both me and my wife.
Nonetheless, we had to find a solution to expand the income for our family.
That was when my wife started to look for business opportunities where she can operate from our rented house.
Our introduction to dropshipping
My wife actually started a small home based business in early 2017 selling prepacked baby porridge.
She 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 setup in order for her to market and promote the prepacked baby porridge.
You can actually find some of the early articles about the baby porridge still in the blog.
However, after a few months of selling the prepacked baby porridge, we had a realisation on our home based business.
We realised the monthly income from our home business is very small and it is unlikely that we can grow it into a big business.
Reason being, the target market for the prepacked baby porridge is very small.
Back then, only mothers with 2 – 3 years old toddler who are going for a holiday are buy from us.
Can you see how small the target market is?
That is why on a good month such as during school holidays, our home based business selling prepacked baby porridge could only generate RM400 – RM500 in net profit.
I remember telling my wife, we can’t go on like this.
The net profit from our home business is too low.
We need to find another product to sell from our business 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, my wife started to look for a new product for our home based business.
And fate has it, my wife found the product we are looking for in the comment section of a Facebook post.
The ideal product that my wife found on Facebook is a far infrared ray (FIR) emitting health and wellness pants which is fully made and imported from Japan.
Later we found out the sole importer of the FIR emitting pants was a company located in Kuala Lumpur, Malaysia.
Our initial investment
How much was our initial investment to start our home based business?
We actually started our home business with an investment of less than RM2000.
The RM2000 was used to purchase 2 pairs of the FIR emitting pants for my wife.
The reason my wife purchased the pants because she was looking for a solution to help to relieve her back pain and leg cramps.
She also wanted to experience wearing the pants personally.
After wearing the FIR pants for a few days, my wife’s back ache and leg cramps surprisingly went away.
She is now convinced that the pants works and started to promote it as the core product for our home business.
Initially, I didn’t think there were much potential in the business.
I didn’t focus much on it other than being a supporting husband for my wife.
I helped her to create content and maintain this blog and I also helped to drive her to appointments to meet with prospects.
The blog became our main medium to generate leads for our business.
In the first month, the commission that my wife got from promoting and selling the FIR pants was more than RM1000!
It is definitely a much better option than selling prepacked baby porridge.
We kept on building the business and it started to grow.
Third month into the business, my wife’s monthly commission has exceeded RM5000!
Honestly, I was surprised by the results.
I was wondering why the FIR pants is selling so well?
After some research and deep thinking, I realised the far infrared ray (FIR) pants is 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, me and my wife stumble upon a blue ocean product in Malaysia which is the far infrared ray emitting 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 us may or may not work for you.
If you are interested to start your own home based business with a capital of less than RM5000, click the link below to contact us on WhatsApp and we will assist you.