10 Things I’ve Learnt Building A Profitable Home Business In Malaysia

Are you looking for ideas on how to start a home based business in Malaysia?

Are you looking for ways to generate additional income for you and your family?

Do you want to have the time freedom to spend time with your family?

If your answers to the above questions are Yes, the best option the achieve all the above is to start a home based business.

My name is Lynn and I am from Kuala Lumpur, Malaysia.

I am a full time mommy with 2 young kids.

Me and my husband started our home based business back in March 2018 our of necessity.

We were looking for opportunity to generate a second income source for our family.

After running a couple of failed online businesses, we finally found a home based business which worked for us.

Our business promotes health and wellness product using the network marketing business model.

The products from our business are:

– Far infrared ray (FIR) emitting garment imported from Japan

– Functional food product to protect our heart by reducing high blood pressure and high cholesterol from the United States (USA)

– Food enzyme with 90 kinds of fruits and vegetables and took 8 years fermenting process from Japan

– Collagen drink with ingredients from Spain and France

– And many more

If you were to do a search online, you will find so many business opportunities offered in Malaysia.

Which one is right for you?

How do you stay away from scams and pyramid schemes?

Here, I want to share with you 10 things that I’ve learnt building a profitable home based business and being a full time mommy at the same time.

1. Don’t source your own product from China because your profit margin will be very low and you will have a lot of customer’s return.

2. Only promote and sell products which you personally used and believe in.

3. Promote a product which is very unique where there are no competitors in the market.

Look for a Blue Ocean product where there are no competitors in the market in the same product category.

Follow to business and marketing strategy from the book The Blue Ocean Strategy written by Renée Mauborgne and W. Chan Kim.

4. Source for high quality product with a large potential market in Malaysia.

5. Promote product which can help you to generate repeat sales.

6. Don’t buy large amount of stock to keep because it will tie up your capital.

7. Don’t handle your own order processing, packaging and product delivery because it will take up all of your limited free time.

8. Make sure your profit margin or commission is high enough to worth your time and effort building your business.

9. Work with a reliable supplier with an experienced founder and management team.

10. Don’t work alone. Always work with a team.

The home based business I am currently working on fulfills all the criteria above.

One of the core product of my business is a far infrared ray (FIR) emitting athleisure garment.

The company that me and my husband partnered with has a Blue Ocean product (a unique wearable technology) which has generated more than RM1 BILLION in sales in the first 3 years in the market.

Appointments – Manage Your Time Better At Home to Be Effective

What would happen to you if your home life was more organized than it is right now? Can work-life balance be achieved? What are the tools at our disposal? Could scheduling appointments and keeping them at home help us save time and prioritize?

What is the challenge we face? I sometimes find that time spent at home can be the busiest time, especially in the times we live in. Imagine someone working from home, home-schooling children, and sometimes even doing a side hustle. Imagine also the full-time home-based entrepreneur. How do they manage to do all they need to do in a day?. We are living in a time when many entrepreneurs and even company employees have adopted work- at – home culture. This comes with its challenges as the lines become blurred between home and work. These blurred lines and constraints on the limited resource called time result in over-worked, under-rested, burnt-out individuals. Whilst good time management has been encouraged and indeed, embraced in the workplace, I believe more needs to be done in changing the mindset for the elusive work-life balance to be achieved.

What are the tools at our disposal? To manage time effectively at home, there are many interventions one can employ including setting goals for the day, prioritizing wisely, setting a time limit for every task, organizing oneself, and instituting the discipline of appointments. Yes, an appointment at home! We can spend time pontificating on the pros and cons of each intervention, however, I believe we need to focus on appointments and see how this can powerfully change the course of one’s day regardless of whether it’s a workday or weekend. Life is busy as it is without any intrusions. The question is how do you handle the one who announces that they are at the gate. These can be friends, neighbors, a salesman of some product you do not even need. I am not promoting regimentation here but rather a culture of filling your day with what’s important. Everything that we succeed at is because we carefully plan and execute it. I am a firm believer that you cannot manage time if you do not manage yourself thus I implore you to incorporate planning and appointments into your repertoire. I am not talking about something I do not do. I have to achieve many things in a day therefore I set appointments with my work, others, and myself.

Could scheduling appointments and keeping them on the home front help us save time and prioritize? Whereas we have established that it is a normal business practice to set appointments and keep them, we need to abandon the liberal open-door policy of allowing all and sundry to have access to us as and when they please on the home front. Please understand where I am coming from. We each have greatness within us but for us to achieve it we need to culture great habits. Employing the use of appointments at home and seeing only those people you had agreed to see removes non-essential encounters especially during the most productive hours. I know this will vary with culture, geographical region, or even level of affluence, whether you live in a low density or high-density residential area, but doesn’t negate the need to be organized and effective. Controlling access determines how organized you are and how well you will work and rest when the time for scheduled rest comes.

What do we need to do differently? We need to be disciplined and diligent, learn to say no, now is not a good time, let’s make an appointment for next week. What are the benefits of this approach? You are not always fire-fighting to meet deadlines, You are not always tired because you have not taken time out to rest. You have set aside enough time to spend with your loved ones or a loved one. If you are a busy person, I am sure you appreciate what I am saying. Whether it’s time to work uninterrupted, family time, or “me-time”, it takes some kind of order to enjoy it.

I am not saying that those that come unannounced are bad people. No, not at all, they probably are people you enjoy spending time with. Nevertheless, there must be prior communication so that you can attend to your visitor(s) when it is convenient for both you and them. It can be quite disrupting and a whole day can just pass by without achieving anything that you had planned to do.

As we grow older we begin to appreciate that rest and recovery need to be scheduled. The fact that I am relaxing doesn’t mean that I don’t have anything to do. One therefore cannot assume that just because you are at home you are available. Maybe you have scheduled that time to rest. That is important. You need to make an appointment with yourself, spouses need to also set aside time for each other. Parents need to schedule a time to spend with their children. When you have some sort of order in your life you determine who sees you and who you see. It also means that your relationships will be healthy and that makes you a happier person.

In conclusion, I believe that the work-life balance can be achieved. There are many tools at our disposal just like it is in the workplace.I believe we could do more and be happier if we are disciplined enough to make only the commitments we can keep.I am certain that setting appointments and keeping them at home help us save time and prioritize.