What if you are in the unemployed category?
If you have try your best to get employ but fail. What choice do you have?
You have to venture out on your own. This is the advise given by a lot of writer/entrepreneur to their reader. They advise people to venture out even you have secure job.
What if you have unemployed for sometime and have limited capital?
I feel you can try to explore E-commerce.
Why?
1 Business can be created around your hobbies, passion or expertise
2 Your internet business set up cost is very low
All you need is a Domain Name, hosting and a payment gateway.
3 You don't have to rent an office or shop
Your home is your office, this will save you thousand each month. Thus, your business operation cost is very low.
After the dotcoms bubble bust. Does the Dotcom model still work? We see what the co-founder of Apple Computer, Steve Wozniak said.
I have example of E-commerce that running in Malaysia
www.eflowercottage.com
http://www.cakesmalaysia.com/
CakesMalaysia.com
I assume all blogger are tech savvy enough to understand what is domain name. You need to buy a domain name (.com or .com.my) That cost RM55. You need a hosting company to host your website. You can get RM200per year if you shop around. Thus, total cost until now is RM255.oo
Most difficult part is get a credit card merchant accounts. Malaysia's bank are very reluctant to support e-commerce. You must satisfied certain criteria in order to open a merchant account.
Most e-commerce in Malaysia fail because they do not accept credit card. People usually do not call you or fax to order after they log out from your website. The desires to order has diminished after they log out from your website. The successful rate is higher if your website accept credit card.
Now, you able to have some company host your merchant account for you like woldpay.com in Singapore an some other in Malaysia. But you need to pay a set up fee and upfront annual fee of approximately amounting to RM2,000. If you have limited capital. I think you better save those money for your working capital.
Further, a lot of US company pay you a US cheque like Adsense, which take 4 to 6 weeks to clear in your bank account. As you have limited capital, it is difficult if you have to continue mailing/courier out your goods while have to wait 4 to 6 week to clear the cheque
One company able to wire transfer the proceed to you every two weeks(at a fee). This provide crucial working capital for start up to roll their cash. Further, they never collect annual fee. But they charge certain rate base on your sales. Their set up fee is relatively low.....USD49 (Less than RM200). Thus your total set up cost is RM455.
They are a few Malaysian company that using that US company to accept payment. One example is CakesMalaysia.com above.
The company is
TechnoratiTag: book books Business Commentary competitive Computers finance Opinion Social Tech News Technology
6 comments:
Hi Peter,
I posted something along the lines of unemployed grads, albeit in a much funny fashion-offering no concrete solution though. You can link it here Should graduates take up less glamorous jobs.
Well, what you've just posted does give me food for thought. The idea of working from home without high overhead costs involved in conventional business is very tempting. I shall keep it in mind when I decide to venture out of my current job.
Cheers!
Hi Miracle8,
Thank you for your link. If you have any idea in mind. You can even start part time. This is the great part of e-business. Earn money while you are sleeping. Resign only if your business grow
Cheers!
Public universities and institutions of higher learning are set up and run using public funds. In other words - taxpayers' money with all races being taxed on the same rate.
Therefore every citizen should have the fundamental right to enjoy the same benefits provided by these public-funded institutions.
In private colleges and universities, local or overseas, students pay a hefty sum for the tuition fees.
Except for some privileged few from wealthy families who do not even consider the local universities as an option, most are from middle- or working-class families who have to take a study loan or use their parents' life savings to pay for the fees.
And there are some who do not even have such avenues.
The declining standard of universities in Malaysia is so glaring that everyone knows about it but does not wish to talk about it.
Every educated man on the street knows about the double standards in our education system. We hear the Education Ministers comparing matriculation and the STPM stating that they are comparable in standards.
Most educationists know that they are not of the same standard but the question most people would ask is if they are of the same standard, why not have a common entry examination for all Malaysians?
When quality is sacrificed at the altar of quantity, this is what will happen.
But instead of learning from these mistakes, our Education Ministry announced that it wants more substandard students to enter local universities so that we will have more graduates. What we will have in the end is a perpetual dependence on foreign labour.
The prime minister was moaning about the attitude of always waiting for subsidies and handouts. He shouldn't blame anyone but the government.
The Umno-led government's folly of spoon-feeding for the last 35 years means that they now cannot change the 'subsidy mindset' without risking losing seats in a general election.
They wanted to help the bumi but they went about it the wrong way and for far too long. In the process the non-bumi has become more resilient and hence more sought after by the private sector which unlike the government, is not inclined to pay fat salaries for dead wood.
There is a saying, 'As you sow, so shall you reap'.
All we can do is pray that those in power will arrest this dangerous problem in the education system immediately.
Many many years ago, my brothers, cousins and friends, all top students applied to local university to be computer and electrical engineers.
None of us got in. We all went abroad, many of us made a killing but all of us had a good career and was in the centre of the IT revolution.
Recently some of us were approached to return to Malaysia but even at million-ringgit salary, we unanimously said no.
Cheated once, it's a pity, cheated twice is your fault.
Drug abuse, hate, incest, liberal extremism (culture of miniskirts and gay marriages), murder, racism, rape, religious fanaticism, parochialism, snatch theft, spoilt-bratty behavior, tribalism, wife abuse, child abuse, all that is associated with the malay race.
To them, malay is the biggest impediment towards building a truly Malaysian nation, and should be chucked into the dustbins of history.
Sad. Sad. Sad.
The question asked by many of my fellow Chinese is this - Why can't you just tell the malay peoples to adopt Chinese culture which is superior?
History always repeats itself. And nature is cruel. Any race of lower intelligence gets wiped out eventually.
See what is happening to indigenous tribes and their lands, always taken over by smarter people from elsewhere.
Look at Singapore, who owned it in the first place and who came and took it over?
America was taken by Europeans from the Red Indians. Even British convicts and unwanted low life managed to grab Australia from the aborigines and reduced them what they are today. They may become extinct one day.
However Malaysian still have hope as they are learning fast. Just hope it is fast enough. Problem is that some of them are still crying for bumi policy as a crutch. The smarter ones know that it is just prolonging the agony. Any way the smarter ones actually are not from Malaysia originally.
You can only survive if you are able to stand on your own two legs. Shouting "Malaysia boleh" is no use - if you can, you can.
"Only a quarter of Malaysian is Chinese while more than half of the population is malays. Yet Chinese control half of the economy while malays only about 20%. "
Whether there is NEP or not, don't make much difference in the long run. When you walk with crutches for too long, you lose the ability to stand on your own legs.
Friend, you have a place there. Find your own niche in the food chain. (If you leave for greener pastures, you are repeating what your forefathers did when they left China and ended up in oversea.)
People with brains can overcome all sorts of man-made obstacles or unfairness. Those with brains but do not use them will cry for help.
You can decide which type you want to be.
For those who are already in oversea and live comfortably. There is no reason for you to come back to Malaysia. Life in Malaysia is getting tougher each day.
Frankly, as a Chinese, I don't see there is any future for our next generation.
Another dangerous mentor that people always use is JFK "Don't ask what the country can do for you, ask what you can do for the country".
Is sound nice, but isn't how German Nazi and Japan militarism start the world war using the same mentor? Under the great "ask what you can do for the country".
Patriotism? Yes, I understand how you feel. Your love for the country was spoilt by the political party. Since non-malays will always be a second-class citizen, so you are probably the same in any other countries, if not better.
You get cannibalised by your own countrymen, intellectually and professionally.
As someone else advised, be a Global citizen.
Patriotism does not need you to be in Malaysia to work your due. Let no one pointed at you and say you are a traitor if your true intention is to generate good deeds for Malaysia wherever you are.
Save your time about coming back to Malaysia. Nothing will change in Malaysia. At least not even in this lifetime. Racism will still be here to stay, and also everything else.
I think there is such an entrenched discrimination against the Chinese and Indians in Malaysia, that it will take probably a whole generation to undo the damaged.
This is happening in whole spectrum of the Malaysian government, civil service, state governments and universities. Just look at percentage of malays in all these government bodies - 98%……….
A whole generation of malays has been brought up to think that it's their inherited right to own Malaysia. The other races are damned.
I think the malays especially those in power, are scared right now that if they will to compete openly with other races, they will surely be the loser. You will see very strong resistance to hire other races even the most qualified.
The malays are never brought up to compete on even ground. This is fault of previous PM and now the present PM has to tread a balance ground to ensure the malays are not cast away as well as to make Malaysia competitive worldwide.
In US I never met a malay immigrant, although there are thousands of Malaysian Chinese and Indian immigrants. Why? Malays in Malaysia have an easier life where they are literately prince of the land.
We have infrastructure good enough to be considered first world or better. Look at the Cyberjaya, Petronas Twin Towers, Putrajaya?
Gleaming high-rise buildings but also in every city, dirty toilets abound, litter clogging up the drains, public telephones damaged, plus unreliable rubbish collection and disposal. We just treat public facilities badly, not caring about others.
Being an urban dweller myself, I am constantly disheartened by the poor public infrastructure and upkeep in our capital city.
Faulty pedestrian traffic signals, illogical positioning of bus stops, poor public cleanliness, poor quality sidewalks (which are paved using slippery tiles), un-integrated and poorly managed public transportation system, the list goes on.
Your children can't even walk safely along the Kuala Lumpur streets, as they might be bags snatched, kidnapped, murdered, raped, or robbed, as they do not know the jungle laws of Malaysia. The police won't help much as they now have a big pile of corruption cases running after them.
You owe nothing to Malaysia, you pay your due, so live on.
So, my last advice. Don't come back unless you are really suffering in oversea.
I'm sorry this sounds very racist but I think we have to be honest in discussion.
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