With its unique position right in the heart of Asia, starting a business in Malaysia is one of the best decisions you could make for your business. Strategically position next to many of Asia’s other leading markets like Singapore and Indonesia, Malaysia’s strong economic growth and stability has been a source of major attraction over the years.
Any ambitious entrepreneur is sure to find what they’re looking for right here in Malaysia. But the question is, what types of businesses in Malaysia can you get involved in? If you’re considering such an opportunity, then the types of businesses listed below could be a great place to get started.
Travel Agency Business
Once again, Malaysia’s strategic location proves to be very lucrative indeed. As an international business hub, Malaysia sees hundreds of thousands of people travelling in and out for business purposes yearly. It has no shortage of tourists either with many exciting places to explore. Whether for business or leisure, a travel agency business is in demand. With a low initial capital required, starting a travel agency business in Malaysia is a great option to consider.
Closely linked to the travel industry too, consider starting a hotel business in Malaysia if you’ve got a passion for the industry. Because Malaysia hosts thousands of tourists each year, you’ll find it easy to run a thriving business if you play your cards right. There is even a market for online hotel booking businesses if you want to consider going down the online business opportunity in Malaysia pathway.
There is no place like Malaysia when it comes to delicious cuisines which are sure to delight your taste buds. Locals and foreigners alike love eating out and there’s no shortage of food options to choose from. From fine dining to local street food, starting an F&B business could be your calling.
Starting an ecommerce business in Malaysia is another popular option to consider. Even if you don’t have a shopping website setup of your own, you can still make this one work. Malaysia has several reputable online shopping websites which have a lot of business and traffic going on each day. Examples of these sites would be Zalora, Lazada, Shopee and Best Buy where you can quickly setup an account and start selling your goods.
Starting a childcare business in Malaysia is another one of the list of business ideas in Malaysia which you could think about venturing into. Many parents are starting to realise the importance of early childhood education, and thus there is a growing demand for quality childcare services that needs to be met. If you’ve got the capital and the passion, this is one business idea which could prove very lucrative.
Fashion and Retail Business
Malaysians love their fashion. You simply need to walk into any mall and you’ll notice that fashion boutiques bustling with customers eagerly scouting for the latest fashion trends. If you’re considering setting up a retail business in Malaysia, conduct some research and look into what the locals like so you’ll know what there is a demand for.