How to Make Money Online in Malaysia?
Malaysia’s economy expanded at the slowest pace since the financial crisis in the first quarter of the year and is expected to continue (at the time of writing). Inflation is forecast to rise after the implementation of GST. If you are seeking for an opportunity to make extra cash as your side income, you should stay on and read this article and find out How to Make Money Online in Malaysia?
How to Make Money Online in Malaysia?
Wouldn’t be great if you could earn US dollar and spend it in Malaysia? It’s almost everyone’s dream since USD currency is relatively more stable, especially as compared to Malaysian Ringgit and Russian Ruble.
I have written many articles here about making money online. However, it is possible to make a lucrative income by just blogging or affiliate marketing in Malaysia? The answer is an absolute YES. Not only affiliate marketing or blogging allows you to earn a passive and sustainable income in Malaysia but everywhere you go. That’s the beauty of making money online.
Rather than listing down 10 different ways to make money online on the internet, I would like to share with you how I do it as I travel with my wife around the world. For those who have been long with me, I am an affiliate marketer.
Before I share my big tips, you need to know that affiliate marketing is not a quick-money scheme. It is definitely a legitimate online business.
Affiliate marketing is internet advertising that allows any online business to affiliate themselves with bloggers (known as affiliates) using affiliate programs. Affiliates make money by generating sales, leads, and traffic for the Merchants business (e.g. Amazon, ShareASale and etc.).
If you are a blogger, you can extend your blog to advertise third parties’ products. When you reader makes a purchase through your blog, you earn a commission. Simple as that. Look at the infographic below to get a better overview of affiliate marketing.
How to Earn $50-$100 Daily from Affiliate Marketing?
The 100% working method to earn money with affiliate marketing is here. It is so simple and easy with fast and guaranteed results upon your hard work. Yes, I would like to emphasize here that nothing comes free. Affiliate marketing is just like any other bricks and mortar business, it requires hard work, patience, and time.
1. Find Your Niche
Almost everyone has a hobby, at least one. Maybe you have a very special skill or knowledge on a particular subject that people can benefit from.
Remember one thing is when you are finding your niche, avoid being too broad with your selection. For example, do not blog about Work Out Tips and Motorbike at the same time. Both of them fall into different categories and they just can’t simply be put together.
The key here is to make money helping people online. If you can help people that are interested in the same niche that you enjoy, you can connect with people on a personal level. This will lead to trust in you, your website, and your content. In turn, this will result in sales from products that you recommend that are based on helping the needs of your niche audience.
2. Build a Website
Secondly, you’ll need a website. I think most of you already have it. If you do not have a blog or a website yet, don’t worry. You can try to get a free domain below. After choosing what type of site you want to use to refer visitors to affiliates, the second decision to make is choosing your domain name.
This name is important and will be a huge part of your online presence. It may take some time to settle on a domain simply because so many are already taken either because they are being used or have been previously purchased and are being held for later sale.
3. Create Content (Blog)
So what is the connection with a blog and an affiliate marketing? A single word answer would be “TRAFFIC“. Bring some targeted traffic to your blog and sell some products (digital or real). Another great example of making revenue being an affiliate (selling digital products) is Themeforest. Themeforest is loaded with lots of themes and they will give you commissions for selling a theme via your referral link. Else, just go for Amazon Associates, you can easily find any products that are relevant to your niche. You name it, you will find it there.
You need a little 100 daily visitors to your blog. If you don’t have a blog, then first create it and write unique articles to generate traffic. Reaching 100 visitors daily isn’t much hard for any of you if you publish high-quality content about your niche (a subject that you are blogging about – photography, music, hiking or yoga).
4. Monetize Your Content
If one of the reasons you are reading this post is to make money by helping people, then this is the step you have been waiting for. Now that you’ve learned how to set up your blog and create great content, you are ready to start with monetization.
Let’s go back to affiliate marketing that I talked about. It is probably the simplest business model to get into at the start as you can apply. There are literally thousands of affiliate programs out there on the market.
Here’s the thing, you can pick just about any product that you can buy online, and there will be an affiliate program that will pay you a finders fee for referring a sale.
However, just because you can promote anything, doesn’t mean you should. The most important thing to consider when selecting a product to market is, “is it relevant to your audience?”
If you want to promote physical products, there’s probably a better place to do it than Amazon over the long term if your niche is somewhat specialized.
Amazon is tough because they have a 24-hour cookie. That means that if someone clicks your link, and then buys anything, anytime within the next 24 hours you get the commission.
Regardless of what your business is, there are tools, products, and services that you use to run your blog or business. By putting together a page of all of your tools and resources, you’re creating something that’s shareable as well as useful.
However, affiliate marketing is one of the simplest online business models but it does not mean you can make money online just by blogging and advertise products from Amazon.
There is a lot more information that is not easy to digest in one single post. but if you’ve been struggling with figuring out how to start monetizing your blog, the strategies above are a fantastic starting point.
I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
If you’re looking for a starting point to build your website and to start making money online through affiliate marketing, then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
Extra Income as an Affiliate of WA
Just like Amazon, WA allows you to generate income as its affiliate member. Meaning, that if you make a sale, you receive a commission. If you don’t make a sale, you don’t make a commission.
The monthly investment to gain access to all the bells and whistles of WA is $47/month. You have the option to pay upfront and gain access to a yearly membership while saving on the total investment.
Here’s the commission breakdown for the sale of each membership.
- $175 upfront and recurring yearly commissions for the sale of an annual membership
- $22.50 upfront and recurring monthly commissions for the sale of a monthly membership
Here is a hypothetical breakdown of “monthly” income statistics for you based on just a 4-month recurring monthly membership commissions.
- 1 sale per day= $2,700/month
- 5 sales per day= $13, 500/month
- 10 sales per day= $27,000/month
I personally find I make more commissions through WA than Amazon as the training modules are solid and most of them stay with WA for more than a year.
Here are my recent affiliate commissions rewarded from WA. I generated $5,886 in my last 7 days and it’s actually ramping up over time.
As long as people are still a member of WA, I get rewarded the recurring monthly commissions. This is what I meant by sustainable income. There are more than three billion internet users around the globe. Making 1 sale per day is not difficult at all with the blueprints and the step-by-step guide from WA.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could read the full review of the product here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
Good luck and all the best!