- How To Earn Money Online Without Investment In Malaysia Online
- How To Earn Money Online Without Investment
- How To Earn Money Online Without Investment In Malaysia Today
- How To Make Money Online In Malaysia Without Investment
8 ways to make extra money in Malaysia legally
Here are 7 ways to earn money online. But there is a way to trade safely without becoming a stock market savant — Copy Trading. So if an expert you chose allocates 1% of his investment in. Volutionary technologies in oil and how to earn money from online jobs at home without investment quora gas field. Worldwide refinery survey 2018. At create free online forms wufoo form builder surveymonkey that point there were 184 offshore what is clout share hideous truth mama s money tree rigs in the north sea. Here are 8 jobs (freelancing, online tutoring, delivery jobs, dropshipping, small online business, etc) to help you to stay afloat and survive financially. It’s a tough time for a lot of us, and chances are, you’ve had it rough too. Perhaps more than ever, more Malaysians are looking for side jobs to earn side income during the Movement.
Money is never enough. That’s a phrase you’ll never get tired of hearing, especially during this tough time and chances are, you’re experiencing it too. As the pandemic continues to affect the economy, more people are getting laid off which gives rise to unemployment.
At the moment, it’s tough to predict when things will return to normal. With endless uncertainty surrounding economic recovery, the International Monetary Fund (IMF) predicts an impending global recession, one that’s worse than the Global Financial Crisis back in 2007-2009.
If you’re lucky to still have a job during this pandemic that brings you passive income in Malaysia,, you may want to look for more ways to grow your earnings and how to make extra money as well.
That way you can fund your hobbies or support any additional responsibilities in your household instead of relying on the financial relief schemes introduced by the Malaysia government.
With the internet becoming an essential part of our lives, you can expect to earn extra money online by monetising on your skills and knowledge. Besides, you get to sell your services not only in Malaysia but also abroad which may yield greater income.
However, you’ll need to be extra cautious in picking the platform so as not to get cheated.
Moving forward, we’ll be sharing eight ways how you can earn extra money online in Malaysia.
8 Methods to Make Money Legally in Malaysia
1. Monetise your writing skills
If you’re good at writing and composing articles based on the given topic, you may want to put your skills to use. When you have excellent writing skills, you can deliver the message effectively with precision.
That said, if you write a piece that appeals to the public, someone somewhere may notice your work and get you to write for them. Just be sure to draw a line where necessary so that your skills are fully appreciated.
With good writing skill, you can expect to earn RM16.70 per hour. That’s only the average hourly rate. If you intend to make a living out of writing or as a side hustle, be sure to do your research for the best possible outcome.
2. Be a content creator
It’s no secret that content creators can make a living from creating an array of content. This includes social media posts, sponsored posts, advertisements, and public appearances.
For you to become a successful content creator and be able to earn extra money from it, you’ll have to put in the effort and time. The result will only be visible after a consistent stream of content that is relevant to your audience. Your creativity is also crucial to keep them coming
If you like the spotlight, you can consider making it a full-time job like the influencers or YouTubers you see on Facebook, Instagram, Tik Tok or YouTube. However, do expect to invest in quality shooting materials to create better quality content.
Depending on your preferred platform, the quality of your content, social interactions, and the number of audiences, you can expect to earn US$1 per 1,000 views from YouTube. The more original content you create, the more money you can expect to earn.
3. Get involved in affiliate marketing
Affiliate marketing is another way to earn extra money. What you’ll be doing is promoting other people’s products and you get a commission if people buy the product thanks to your marketing strategy.
If you find a product that appeals to you, you can create a product review and earn some commission as an affiliate marketer. This requires you to be honest and transparent about the product as your audience may rely on your opinion to make their purchase.
Your ability to promote a product will determine how much you can earn, so it’s based on your performance. You can expect to earn between RM2,000 and RM10,000 in a month depending on the number of people who made their purchase after seeing your review.
4. Sell your photography
Stock images have seen growing demands as bloggers, creative agencies and businesses use them on websites and as promotional materials. If you have a passion for photography, you can turn it into a side hustle.
Taking good and unique images can be tricky if you don’t understand your camera. Before you can sell your images online, be sure to discover your specialities and focus on it. That way, you can take plenty of images that are unique and may appeal to the masses.
A picture is worth a thousand words. That said, stock images sites like Shutterstock, Getty Images, and Adobe Stock pay their contributors well for high quality and meaningful images. Depending on the platform you choose to sell your images, for example Shutterstock, you can expect to earn US$0.25 for every download of your image.
5. Be a virtual assistant
Aside from working your full-time job, you can also provide such assistance to a different employer from the comfort of your home, especially during this trying time.
The pandemic has in fact slowed down global economic growth, including Malaysia, rendering some companies to cut cost by retrenching their human resources. Some companies hire virtual assistants to aid in their business operation without the need to be present in a physical office.
Among the tasks that can earn you extra money as a virtual assistant are administrative tasks, financial tasks, social media engagements, market research, customer service and email management.
When you're starting as a virtual assistant, you can expect to earn RM20 to RM103 per hour. You can also determine your hiring rate based on your expertise and amount of time you’re willing to work. The more specialised you are, the more you can earn.
6. Provide online tutoring
Do you enjoy teaching and are good at certain subjects? Chances are you can turn it into a side hustle which may earn you extra money. By providing online tutoring, it allows you to help people to learn new things without the need to be physically present.
Besides, you get to teach what you enjoy such as yoga or accounting to students who have difficulty understanding the subject. Not only that, but you also get to enjoy the flexibility that comes with online tutoring – no fixed schedule. You can pick the times and days that work for you.
Depending on your tutoring speciality, you can expect to earn RM30 per hour. If your students refer you to their friends, you might just be able to turn this side hustle into a full-time job.
7. Try forex trading
Trading in any investment market can be tricky and complex if you have little knowledge of the mechanics. Surely, you’ve heard of forex trading and how people get to earn extra money by participating in it. It works by trading currencies and you either make a profit or loss from the price difference while trading.
Forex trading is one of the high-risk investment platforms that you should be aware of. In some parts of the world, forex trading can be completely unregulated. Which means you’ll be doing the trade at your own risk. Besides, it requires plenty of technical knowledge to earn some extra money.
Depending on your investment capital, you can expect to earn between 5% and 15% per month. If you’re not prepared to lose your investment, it’s best to stay away.
8. Be a personal shopper
If you enjoy shopping and travelling to other places, you can expect to earn extra money from becoming a personal shopper. In fact, such a service can be rewarding as you get to travel and shop while making money.
The opportunity to help bring some of the items that are not available in Malaysia will also allow you to provide the service at a rate you deem reasonable. That way, you can make a profit if the price of an item increases.
Make Money in Malaysia with Endless Possibilities
At the end of the day, you’ll have endless possibilities to earn extra money in Malaysia. The choice is in your hands. Just be sure to do your research and find the best possible outcome.
If you’re looking to diversify your investment, GeneApp Malaysia offers a financial plan that can multiply your wealth, manage and increase your digital assets.
How to Earn Passive Income in Malaysia (Updated Year 2021)
In this article, we are going to discuss about passive income Malaysia and how to earn passive income in Malaysia by using our proven strategies.
Have you ever wondered how some of your friends can keep up their lavish lifestyle despite having a regular day job or do you intend to retire early and enjoy what life has to offer? While it’s no easy feat to achieve such goals with just your regular day job, you can do so by earning some passive income to fulfil your desires and expectations.
Generating a passive income isn’t as simple as trading your skills and time for the money offered by regular day jobs. Although it doesn’t require your direct participation, it takes effort, skills, knowledge, and most importantly, money.
In order to generate extra money, you’ll need to invest some of your money to get the ball rolling. Generally, that’s how things work when you want to generate more money. But it can be quite confusing and overwhelming when you don’t understand how it works. Before you can start earning a passive income, you ought to understand the meaning of passive income.
What is passive income?
How To Earn Money Online Without Investment In Malaysia Online
Passive income is earnings that you get without participating in the activity yourself. It’s like investing a certain amount of your money in a fixed deposit account and allowing the interest to accumulate over time
There are many other ways for you to generate a passive income in Malaysia – by freelancing, renting out your property, selling your intellectual properties, investing in mutual funds, stock trading, etc. While these methods may sound challenging for first-timers, these are just some of the simpler ways to earn a passive income.
You see, there are numerous reasons why some people look to earning a passive income in Malaysia. You’re required to dedicate your mind, body and soul to your job within eight hours for a five-day workweek. This is a common practice for many in order to earn a stable income.
Even if you have a stable income, anything can happen to you when you’re on the job which may affect your ability to earn an active income. Instead of relying entirely on your active income, having some passive income in Malaysia may back you up in the event of any emergencies. This may provide you with a leverage of sort to manage your needs and desires.
You’ve probably witnessed how the recent pandemic has caused many people to be laid off from work and how technology is slowly replacing people at factories. Many people risk losing their day jobs and thus, their active income. Having a passive income in Malaysia may help cushion the impact and get you back on your feet when it’s the right time.
Earning a passive income may also give you peace of mind knowing that you’re making some money while you’re sleeping. It’s one of the ways to achieve financial freedom as the money will keep coming in regardless of your participation.
Additionally, the Malaysian Statistics Department the medium household income in the urban area recorded RM6,561, while rural areas recorded RM3,828. This disparity may indicate the lack of financial knowledge, thus the low-income earnings in rural areas compared to urban areas.
While the idea of generating passive income Malaysia may be difficult for some people to understand, it’s one way to earn more money and be financially secure without worrying too much about making ends meet. Besides, money doesn’t grow on trees. Ahead, we’ll be sharing six ways for you to generate passive income in Malaysia.
6 ways to generate passive income in Malaysia
1. Passive Income Malaysia: Property rental
Investing in real estate may yield a stable passive income depending on your asset’s location, condition and upkeep. Before you make the purchase, be sure to do a thorough research on the location and demand as that’ll determine the profitability of your property. That way you can rent it out and earn a consistent income. You’ll also be able to maximise on property rental to earn some income while waiting to realise the gains from capital appreciation.
2. Passive Income Malaysia: Intellectual property
Another way to generate passive income is through intellectual property (IP) which refers to the creations of the mind. This includes literary and artistic works such as novels, poems, photographs, drawings, paintings, films, and music. If you take good photos, you can sell them on various stock photography sites like Shutterstock or 123RF. You’ll then get the royalties when people buy or use your photos. However, you may want to put a watermark on your photos so that users can credit itback to you whilst expanding your target audience.
3. Passive Income Malaysia: Low-risk investment
Investments often comes with a risk of losing your capital, but that’s not the case with low-risk investment. You can choose to invest in Amanah Saham Bumiputera (ASB), fixed deposits, and unit trusts. Fixed deposits yield better earnings than leaving your money in the savings account. If you open an online fixed deposit account, you can control the placements and upliftment without going to the bank. Despite the low return, it’s a safe and stable investment.
4. Passive Income Malaysia: High-risk investment
Compared to low-risk investments, high-risk investment is known for its increased risk of losing all your initial investment. Finding a high-risk investment that doesn’t scam your money can be tricky too. One way to avoid losing your initial investment is to find a legit platform and crosscheck with the Securities Commission Malaysia for a list of unauthorised investment platforms. You may also want to keep yourself updated with news on the investment market so that you can take out your money before it’s too late.
5. Passive Income Malaysia: Multi-level investment
Surely you’ve seen some of your family or friends who are involved in direct-selling. It’s a legitimate but controversial business strategy which uses money from recruits to pay those at the top of the company. The recruits are then paid a certain percentage of their sales. It may be controversial but ideal for those looking to earn extra income. One example is Amway, which relies on its distributors to sell their products.
6. Passive Income Malaysia: Multi-level investment
Have you ever wondered why certain collector’s items are sold at a ridiculously high price? That’s because the item is either no longer in production or is deemed valuable by certain people. However, some collectables can be worthless over time. To be safe, it’s best to invest in gold as it’s resistant to crisis and the price doesn’t move with market prices. It can also be your safety net when other forms of currencies lose their values.
Every investment you make comes with a risk. Before you invest, it’s best to understand the risk level to gauge your risk acceptance level. That’s to prevent you from being shocked by any unfortunate news involving your capital investment.
How To Earn Money Online Without Investment
Be sure to do your due diligence and invest responsibly when it comes to passive income Malaysia. Diversify your investment portfolio to minimise the risks.
If you’re looking to diversify your investment, GeneApp Investment platform offers a financial plan that can multiply your wealth, manage and increase your digital assets.
You can also earn a daily income and convert your earnings to invest in property and jewellery.
How To Earn Money Online Without Investment In Malaysia Today
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How To Make Money Online In Malaysia Without Investment
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