How To Make Money Online In Malaysia

Top 10 ideas how to make money online in Malaysia for beginners

Become a сlickworker

A Bitcoin faucet is a website or app that distributes tiny amounts of Bitcoin to its users in exchange for them completing simple tasks. The name faucets comes from the fact that these crypto payments are quite small, like drops of water coming from a faucet — but then again, so are the tasks you need to complete for the reward.

So, once you complete the tasks, your tiny share of earned crypto is sent to your wallet. The tasks can vary wildly, but it’s usually simple — stuff like completing a captcha, clicking on ad links, watching videos that showcase different products, and all kinds of other ads.

As an Internet user, you’ve probably heard of similar websites that used to pay dollars for microtasks. However, the catch here is that even the smallest amount of Bitcoin you receive will likely be worth something in the future.

Of course, the only downside is that you have to spend a lot of time on menial tasks in order to get any meaningful amount of Bitcoin.

Cashback when shopping

Similar to getting reward points for paying with your credit card, some reward apps give Bitcoin or other cryptocurrency reward cashback to their users when they purchase from certain online stores.

Lolli is a great desktop plugin available for Chrome, and it also has an Android and IOS app that offers its users to get up to 10% cashback in Bitcoin every time they purchase from an online store that partners with Lolli. Lolli partners with hundreds of different online stores which offer different levels of cashback on purchases. This includes well-known retailers such as Macy's, Nike, Rag & Bone, and others.

Pei is another great mobile app that allows you to get Bitcoin cashback when you shop. To use this app, you have to download it and link your debit/credit cards to it. Every time you purchase from one of the over 60,000 physical or online stores that partner with Pei, you will get up to 20% cashback in Bitcoin and also get credit card points. Once your Bitcoin cashback is higher than $15, you can transfer it to your Bitcoin wallet.

Forex trading

Forex trading has to do with exchanging one currency for another for trading purposes. Currencies are traded in pairs. Thus by exchanging one for another, a trader speculates on whether the value of one currency will rise or fall. To engage in Forex trading, you need a broker to act as an intermediary between you and the Forex markets because trading the markets requires large sums of money, which you may not have. So with brokers like RoboForex, FXTM, IC Markets, Exness etc., one can trade from the comfort of their home. The risk involved can not be overemphasized. Like cryptocurrency investing, Forex markets are so volatile that you will be giving your money to the markets if you don't have the right skill and experience. So take your time to learn and acquire the skill to trade Forex before you begin trading. One can make a huge profit from Forex trading, but you always want to consider the risk involved.

Part-time job

A side job, also known as a side hustle or part-time job, is extra work people do alongside their main job to earn more money or pursue a passion. It can be freelancing, part-time work, gig work, or a small business on the side. People take on side jobs to boost income, follow hobbies, gain experience, or diversify their earnings. Common examples include freelance work, tutoring, driving for ride-sharing services, or selling crafts online. However, it's essential to consider tax and legal aspects when engaging in side jobs.

Take surveys for money

You can make money taking online surveys from home. Some surveys require you to state your opinions on some issues and get paid. Some of these paid survey sites include Survey Junkie, OneOpinion, Toluna, Testable minds, etc. you can make from $1 to $5 per hour taking surveys from home. The pay for online surveys is minimal, so do not expect to be rich doing it.

Financial affiliate program for your blog

Affiliate marketing is one of the ways to make money online. Financial affiliate programs offers you the opportunity to earn a living by promoting other brands, and this you can do with blogging. You can market these affiliate products if you are a blogger who gets decent traffic to your site. When someone clicks on the partner site and buys something, you get a commission for promoting retail products, software, apps, and more. To get started, you need to have a website, but if you don't have money to host a website, there are other free hosting websites you can use on google and start promoting the company's products on the website. You can earn up to $2,000-$5,000 monthly from affiliate marketing through blogging.

Pick up a task on Amazon's Mechanical Turk

Companies frequently outsource certain tasks to random individuals who show readiness to pick up these tasks on the agreed date and time. The tasks given to employees, such as classifying photographs and transcribing movies, can take a lot of time.

After the business examines and accepts the work, you will be paid and given a new assignment. You can earn between $10 and $500 per month, and the approval occurs up to one month before payment.

Investing in crypto

Malaysia is one of the nations that is elevating cryptocurrency investments and turning them into a well-liked source of income.

Investing in cryptocurrencies is simple, but you must do your homework on the coins and brokers you plan to use. Bybit and Binance are two independent cryptocurrency exchanges you can trust. In addition to providing better investment programs and bigger crypto bonuses, ByBit offers a better fee structure than Binance. Binance offers better support and educational resources, giving traders more ways to access and deposit their money.

You risk losing your investments if you are not careful because cryptocurrencies are so unstable. The upside is that investing in cryptocurrencies has enormous earning potential, which is also influenced by the amount of money you put into the venture.

So if you are comparing options on how to make money online in Malaysia, investing in crypto is a great option.

Offer freelance services

Freelance writing is a fun way to make money doing what you love. It’s one of the most popular work-from-home jobs that can allow you to make a decent income online. The best part is that you can get hired by different companies to create content and build a business out of the hustle, all from the comfort of your home. There’s a chance to get paid $20 per hour and more to create blog posts and articles for brands and websites.

Sell handmade products

What can be more exciting than turning something you enjoy doing into an income stream? Well, as a small business owner, you can do that. And you do not need a business degree to do that.

Almost everything you can think of can be turned into a small business. For example, if you like painting, you can sell your artwork online; if you like knitting, you can also sell your handmade works online.

You can build a successful business out of your hobby and sell creations like candles, ceramics, and jewelry on websites like Etsy.

Is it possible to earn an extra $1,000 per month online in Malaysia?

It is totally possible to make an extra $1,000 per month in Malaysia by using online sources. But a number of things can have an impact on how much money you can actually make. Your knowledge and skills are crucial.

A graphic designer with more experience, for instance, could be able to charge more than one with less. The particular online marketplaces you choose and the degree of market demand for your products in Malaysia will both have an impact on your revenues. It's crucial to conduct thorough study, polish your abilities, and make a name for yourself in marketplaces or industries where demand is increasing.

How to choose the best way to make money online in Malaysia

Understanding current market trends is essential for navigating Malaysia's online revenue potential. Due to the fact that engaging images are crucial for generating brand engagement, the digital shift in business has raised demand for talents like graphic design. Businesses are still looking for exceptional content writers because “content is king” is still true. With businesses working with specialists to increase their online presence, SEO's significance has increased. Experts in social media marketing who use sites like Facebook and Instagram are essential for company expansion. Web developers are still in demand because they create crucial online stores. The popularity of mobile devices and video content has also brought attention to mobile app developers and video editors. Align yourself with these trends and sectors that value and reward ability if you want to succeed online in Malaysia.

Is it possible to combine a full-time job with a part-time job?

Certainly, juggling a full-time job with a part-time position is feasible. However, several considerations, such as labor regulations, terms of your primary employment contract, personal health, and potential tax consequences, should be taken into account before embarking on this dual employment journey.

Firstly, it's imperative to scrutinize your main job's employment agreement and familiarize yourself with local labor laws. This ensures that you avoid any unintentional violations, protect your principal employment, and adhere to legal requirements. While the idea of increased income is appealing, it's crucial to strike a balance between work obligations and personal or family time. Overburdening oneself can precipitate burnout, potentially compromising your efficacy in both roles.

From a financial perspective, while a part-time role can bolster your earnings, it's crucial to apprise yourself of any tax ramifications. An increased income might elevate you to a higher tax slab, which could result in unforeseen financial obligations. It's always paramount to maintain the caliber of your work in your primary role, ensuring it remains unaffected by the added duties of a secondary job.

How to spot and avoid online scams in Malaysia

Treaders Union has meticulously crafted a guide to safeguard individuals in Malaysia from the ever-evolving landscape of online scams. One of the main safety measures is to watch out for emails you don't recognize. It's best to avoid opening emails from unknown senders since they can include malicious software or phishing links. Similar caution must be taken while using links. You may be exposed to risks if you click on dubious links or explore new websites.

In the digital age, protecting personal information is essential. Never share personal or financial information online unless you are certain the recipient is who they claim to be. This advice also includes staying informed about the most recent cyberthreats and frauds to avoid getting caught off guard.

Finally, it is crucial to practice good digital hygiene. powerful passwords that are specific to each account serve as a powerful first line of defense against illegal access. Along with this, upgrading your software on a regular basis and spending money on trustworthy antivirus software guarantees that your devices continue to be protected against potential cyberattacks.

Best ways to earn money online for free without investment in Malaysia

Investing money online in Malaysia can be tough for beginners, so here are a few ways to earn money without investments. There are numerous ways to earn online without initial investments:

Best brokers to invest money in Malaysia 2024

RoboForex - best for Forex trading

RoboForex Review

Open an account

Your capital is at risk.

In 2009, RoboForex Ltd. was established. RoboForex has been offering trading services on a global basis ever since it entered the market for Forex brokers. The broker specializes in trading automation solutions such as the CopyFx auto trading platform, as well as the bot builder. RoboForex supports both 12,000+ CFDs, as well as direct trading in US shares with extra low fees from 0.09 cent per share.

The account type selected on the interface at RoboForex will determine the spreads. For EUR USD, the spreads' is ranging from 0.03 to 1.4 pips for different account types. RoboForex provides 0% fee on all deposits and withdrawals.

Bybit - best to make money in crypto

Bybit Review

Open an account

Your capital is at risk.

With its corporate headquarters in Singapore, Bybit is a well-known cryptocurrency exchange that works on a global scale. Due to its many features and user-friendly layout, Bybit has established a reputation as one of the finest cryptocurrency exchanges in Belgium. Ben Zhou, a well-known figure in the cryptocurrency community, is the founder of Bybit. Over 400 digital assets, such as Bitcoin, Ethereum, and altcoins, can be traded on Bybit's reliable trading platform.

Other important elements that contribute to the exchange's top ranking are its robust security measures, vast selection of assets, round-the-clock customer service provided in Belgium, and several MYR payment options. In addition to trading, Bybit provides a wide range of other features, such as crypto staking services, crypto loans, lending options and NFT marketplace. The platform places a high priority on security, transparency, and privacy, which makes it a solid option for investors from Belgium. Due to its minimal trading fees, it is also considered to be among the cheapest cryptocurrency exchanges.

eToro - best for stock investing in copy trading

eToro Review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

eToro offers the best copy trading services. You'll not need to open a new account for copy trading, and you'll access the web version of the broker or trading app on your phone.

Once you log into your eToro platform, you'll access profiles of top successful traders based on our editors and special algorithms. In addition, you'll be able to choose a trader to copy using various filters, including risk score, returns, period and assets under management.

You can also manage your risk by setting a maximum amount for each trader, and you can change orders or cancel a trade if the trader takes another approach.