Homestay Business in Penang

Homestay Business in Penang

Georgetown, Penang

Yes, homestay business seems to be growing rapidly in Penang especially in Georgetown. Due to UNESCO status and recent influx of tourists to Penang, I forsee that hospitality business to be the next 'big money' business in Penang.

I did a bit of research on the net and I was quite shocked that even a tiny small apartment in Penang is charging RM150-RM200 per day even the location is not so good.

Yes, I am venturing into this business and I have an extra condominium unit at Batu Uban that I have converted into a small B+B with full facilities. If you drop by in Penang one day, come and visit my unit at Batu Uban.

Visit my site at http://www.eparkpenang.blogspot.com/

How to Create A Product Online?

How to Create A Product Online??

Some readers ask me the way to create a product online and how to market the product to international market. I think first of all, you must try to concentrate on niche market rather than market that has fierce competition.



Sell your first product online TODAY!!

 When I created PassPACES.com 6 years ago, there was no website for MRCP PACES candidates, initially there were a lot of visitors to my site but the numbers droped significantly after a few years. When I started writing my PACES ebook, there was no similar product in the market, therefore before creating a product, think of the following,

1) Who will be your customers? The bigger the customer base, you anticipate to enter a more competative market, therefore I suggest you to find a smaller and more concentrated market.

2) What will be your product? I think ebook is the easiest, you can email your customers, save your money, time and postal delivery but the only drawback, your customers may share this product with others!!

3) How to promote your product?? There are so many ways- forum, Google Adwords, articles submission etc etc. Can be either on-site or off-site promotion.

4) How to get your payment? I think the easiet way is Paypal unless you have big volume, then you may want to set up your own credit cards payment system or else, just use PayPal!!

Need money to start a bussiness?

Need money to start a bussiness?


Thinking of starting a business? Applying a loan may be difficult if you do not have a well established bussiness with good and well maintained account.


Recently noticed this advertisement. If you are those between 18-40 years and from Malaysia, try to apply this loan because the interest rate is only 4% per year. I do not think you can find such a low interest rate else where in this world except Japan!!


" Kami bukan Along, Kami cuma nak tolong!" ( We are not loan shark, we just want to help!)

Check this out TODAY!!

Decision Making in Bussiness

Decision making in business

I told you before that business is one of the fastest way to make money if you are serious about it. However, there are various factors you must always consider before embarking on any business because you can lose money if you do not plan it properly.

Due to globalization, everything has become more competitive, I even think that in future , doctors can lose their job due to advancement of biotechnology and pharmacology. To start a new business, you must consider the following,

1) Uniqueness- is your business going to be unique and special. If you are following what other people are doing, abandon your business ideas because you are unlikely to be successful!
2) Can you make money from your business idea? This is always the hardest question to answer, but as a simple rule to remember, if you get back what you invest in 5 years, go all out because it is a feasible business plan.
3) Marketing strategy- do you have a market to support your business? If you think that the market is so small, is it possible for you to expend to other countries by using internet marketing?
4) Viability- can your business still survive without you? Try to set up a business that can run on its own even without you because you can sell it in future for profit!
5) Cash flow- do you have enough cash flow to sustain your business? Generally, you need at least 6 months to get a positive cash flow in your business. Do not start a business if you do not have enough money!!

I am planning a business and I hope to make some money from it. If you have any business idea, kindly post your comment here!