Why should anyone start an online business in Malaysia, or anywhere in the world for that matter? I’ve got a stable job, it pays pretty good and it puts food on the table and a roof over my head. Where there are a few reasons, let me go through a few of them.
You Can Start an Online Business From Home
Unlike most other types of businesses, an online business can be started not only form home, but part time as well. You don’t have to give up that 9 – 5 job that you are secure with, you can just do things after work, from the comforts of your home.
It allows you to add to your revenue and who knows, maybe one day it’ll be so successful you’ll be able to do it full time? But that’s not for all people, so take it slow, try starting simple, like a blog, or a small ebay site.
There’s no hurry, the internet will be around for some time to come.
You Can Save On Taxes (Cause You Don’t Need To Pay Tax)
OK, this statement is a little controversial, as here in Malaysia, the tax law is a bit grey in terms of internet businesses. On top of that, with some shoddy departments, there are plenty of businesses who don’t pay their taxes even when they should.
I did send an email to the tax department to see if an internet business should pay tax or not, and in their reply they said we have to declare all money made as taxable income. But I suspect that this is not the case when you get a cheque in the mail from Google etc.
It’s almost like asking you to declare tax if your Dad who works in another country sends you a birthday card with a cheque in it. Would you?
I need to find out more about this as I’m going to be doing a lot of internet marketing and when I make money (hopefully) I need to see if I have to pay tax.
If anybody has any ideas on this, please do leave a comment and let me know.
It’s Fun
Let’s face it, outside of work, we may not hang out or socialize with all that many people. You may have lost touch with your old school friends, or they might just be in other parts of the country or even the world.
With Internet Marketing (such as this blog) you get to interact with people who share similar interests with you. You get to talk to people around the world about things that you feel passionate about, what could be better than that?
So why not start a blog, an ebay site or something easy like that? You may end up liking it and making some good money too. Who knows?
Let me know how it goes,
-William Lee
p/s: subscribe to my feed if you could!
[Photos from Flickr - Paladin27, curious_spider, KarolusLinus]
