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


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.

AffiliateMarketing


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?”

How to Make Money Online in Malaysia

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.

How To Make Money Coding and Programming From Home


What Now?

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.

Wealthy Affiliate

Wealthy Affiliate

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.

How to Make Money Online in Malaysia?

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.

Click Here to Get Started Today

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!

Regards,

Alex


Interested to know how make sustainable income online?

Where Should I Send You The Course?

Alex Y

Alex is the owner of Managing Your Finance. He helps newbies start their own online businesses. Sign up for his 7-Day Free training course and learn how to start making a sustainable income online and quit your 9-to-5 job.

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19 Responses

  1. Lynne says:

    Hi Alex
    Yes Malaysia is not the only country that has such a weak exchange rate. Here in South Africa I am very grateful for the USD that I make!
    I love your article and how it explains everything so simply.
    I love making money from the things that I love, all I have to do is share my thoughts on my blog and I make money from it. I can’t think of a better way to make money.

    • Alex Y says:

      Hi Lynne,

      I do agree with you that it is best to make US dollar in a country with weak currency exchange rate such as Malaysia, Russia and South Africa.

      The beautiful part about making money online is you are not bounded for a 9 a.m. to 6 p.m. work time. You can choose any time for work. You will get more time to spend with your family and your beloved ones. If we talk about the current market situation, the most common fear of any employee is recession and layoff. It is also one of the main reasons why people start to work from home and be their own boss. Of course, it’s always less stressful than working in an office. Most importantly, there is no office politic!

      Alex

  2. Syed Suhail Ahmed says:

    Thank you for the useful information on affiliate marketing. I’ve visited Malaysia a couple of times for offline marketing reasons and I must say, it is a great place!
    I would definitely recommend this post to a beginner in affiliate marketing and building websites!

    Also, what do you feel is the best part about affiliate marketing?

    Cheers,
    Suhail.

    • Alex Y says:

      Hi Suhail. Affiliate marketing does offer a great opportunity for those who wish to be their own bosses. It is not difficult at all as long as there is a mentor to guide and work alongside with you.

      One good thing about affiliate marketing is the unlimited earning potential and it is free to become an affiliate member (e.g. Amazon, ShareASale). It offers people to spend quality time with the loved ones at home or traveling around the globe like I do.

  3. JP says:

    Great article. I’m a big fan of affiliate marketing because of the big fact that there is no overhead cost. What this means is that in any kind of normal or tradi=tional business model, there is the cost of where, how, drop shipping and a lot more. With affiliate marketing, you just have to join a program and you are good to sell. Some of these programs even have great commission.

    • Alex Y says:

      Hi JP. Affiliate marketing is a popular online business as it is the simplest and most straightforward model. No doubt it is one of my most recommended way to make money from home.

  4. Entrepren3ur says:

    Wow.. You have some very in-depth information here. I really enjoyed reading your content and I learned a few things myself that I did not already know. I like how to put your website together and for being on point on everything you write. Keep up the motivation and good luck with your future success!

  5. Anh Nguyen says:

    Alex,

    As you said, making money online can be a great way to build a sustainable income stream without having to work for anyone else.

    I like how you’ve covered all the basics on how to build a niche blog when it comes to affiliate marketing. I wonder if it’s a must to learn from a paid course or you can go around using free courses to make money online in your opinion?

    Thanks for sharing!

    Cheers,
    Anh

    • Alex Y says:

      Dear Anh.

      Affiliate marketing is a very simple business model. However, it is advisable to learn how to create contents that rank, convert and generate revenue. You need to at least know the basic SEO and how to get readers to your sites. You can participate in my 7 day Free course or you can join online training courses like Wealthy Affiliate.

      You can subscribe my 7 day free training course here and you can join WA training course here.

      Alex

  6. Scott says:

    You give a lot of wise advice on how to start your own online business. This sounds like an ideal business idea for anyone looking to work from home. Do you ever worry that too many people will start their own online business. I would think at some point the market would become very competitive, making it much easier to make a living. Do you recommend still working a day job if someone wants to pursue this opportunity?

    • Alex Y says:

      Hi Scott. There are many engineers out there in the market too and they are still pursuing their careers. I don’t think the market will be saturated because there will always be demands no matter what niche you are working on. I wouldn’t recommend people to quit their job and dive into doing online business as it requires time to grow your customer base as well as trust from the search engine. In average, people start making revenue from their websites third month onward.

  7. Todd says:

    I really love making money online with affiliate marketing. Being able to travel where ever I choose to all while being able to produce the work I need to run my business is one of the most flexible models that I know of.

    I like that this article is about Malayasia because it is in an area I have always wanted to travel to. What is the avg price for rent in USD for a 1 bedroom?

    • Alex Y says:

      Hi Todd. It is relatively cheap to rent a room in Malaysia. For example, if you are going to rent a master room near to the Twin Tower in the city center, it only costs USD250 per month. However, it is considered expensive to the middle class.

  8. Thank you for sharing. Nice ideas about making money online.

  9. Online with Nerissa S. says:

    This is interesting to read, because I have never really given much attention to the Malaysian economy being related to the crash in the markets worldwide over the past 8 years or so.

    I am happy that affiliate marketing is offering a way for Malaysia, and I am sure other places worldwide.

    Thanks for sharing!
    Nerissa S.

  10. Cheryl says:

    Hi Alex,

    Can we make money with WA starter account, then only join Premium later?

    Thanks!

    Cheryl

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