Malaysia is a desirable market for e-commerce in Southeast Asia because of its thriving economy and advanced infrastructure for digital technologies. Additionally, e-popularity commerce’s in Malaysia is skyrocketing. Approximately half of the country’s estimated 16.53 million people have shopped online at some point.
After considering the data presented above, it should come as no surprise that online shopping is a significant industry in Malaysia. For this reason, dropshipping, the latest model for doing business in the e-commerce world, has become quite lucrative for budding Malaysian business owners. Dropshipping in Malaysia is an accessible, low-risk, and low-investment online business model. But how does one go about launching a dropshipping operation in Malaysia? The mail must be checked:
Is now the time to launch your dropshipping business in Malaysia? Before you rush off to start a dropshipping business in Malaysia, make sure you read this post in its entirety. But first, let’s talk about the advantages of starting a dropshipping business in Malaysia.
Why Should You Start a Dropshipping Business in Malaysia?
About 25.84 million people in Malaysia use the internet. The number is equal to 80% of its total population. Also, there will be more Malaysians who get cell phones. In January 2022, research showed that out of 32.25 million Malaysians, 40.24 million had mobile subscriptions, 25 million used social media, and 24 million used social media on their mobile devices.
Statista says that the e-commerce market in Malaysia will be worth $4,337 million in 2020. And by the end of 2023, sales are expected to grow by a huge 8.4% to US$5,5995 million. All the data shows that e-commerce will continue to be popular in Malaysia, and dropshipping in Malaysia is a good way for both new and old e-commerce stores to make money. Malaysia has a much higher user penetration rate than countries like Cambodia, Vietnam, and Thailand, which are close by. So, if you already do business in these countries, adding Malaysia to your site might be a good idea.
When you look at the information above, it’s not hard to see that if you start a dropshipping business in Malaysia, you’ll get a lot out of it. Aside from the promising Malaysian market, let’s look at some specific ways that dropshipping in Malaysia can help you.
Why Should You Dropship to Malaysia?
Why should you send packages to Malaysia? First of all, dropshipping has a lot of common benefits, like lower risks, saving time, and being easy to run with tools like Dropship Corporation.
Then, dropshipping in Malaysia has a low cost of entry. With the dropshipping model, you don’t have to buy a lot of inventory ahead of time and store it in a warehouse. You only need to find suppliers you can trust. Then, your orders will be sent out from these suppliers’ warehouses.
Also, if you want to sell, you can use powerful platforms like Shopify or WooCommerce, where you can easily add the dropshipping products you want to sell. You could also use a well-known e-commerce platform like Lazada, Shopee, or eBay. Most importantly, dropshipping suppliers in Malaysia will sell these products at different price points. Then you can offer prices that are competitive to make more sales.
How to Get Started Dropshipping in Malaysia
Now that you know more about Malaysia dropshipping, you can do it better. You know it’s good and will pay off. But where do you start? Here’s the short answer: open an online store, get a product, find suppliers for that product, use a dropshipping tool to automate dropshipping, and then market the products. Let’s look at each one at a time.
Putting together your online shop
No matter where you dropship from—Canada, Italy, Brazil, or the UK—you have to start by making an online store. In Malaysia, too, you need to first build an online store. You can look at different e-commerce platforms and choose the one that works best for your new site.
As I said above, Shopify and WooCommerce are both good choices if you want to set up an online store. I’d like to suggest Shopify here. It’s a hosted platform that lets you use its tools to make your own branded store. With it, you can easily set up your store, make changes to it, and sell your products.
Even though the platform to sell on is not free, a basic plan will only cost you USD29 per month. The basic plan doesn’t give you many e-commerce options, but it does make sure you can get help if something goes wrong with your site. Shopify also gives you access to a lot of third-party experts who can help you set up your store faster.
When you make a well-designed Shopify store, other sellers will be less likely to sell the same thing. Only your high-quality products will be shown to your potential customers. So, it is possible to make more sales. On Shopify, you can get your goods from any dropshipping supplier in Malaysia and sell anything you want. On these sites, you might not have to follow rules and regulations like you do on Amazon and Lazada.
Choosing a Niche for Your Product
Once you have an online store, you can start selling your favourite things. I think you should choose a product niche based on your interests and research into the market. Focusing on a specific category or niche can help you narrow down the Malaysian dropshipping suppliers you can work with and the people you want to sell to.
In Malaysia, electronics are the most popular e-commerce product niche, just like they are in the Philippines. Dropshipping baby products, clothing, and toys also brings in a lot of money. Also, if you want to start dropshipping in Malaysia, here are some dropshipping ideas for product niches you can try:
- Products for beauty
- Products for hair
- Items for the home and kitchen
- Pet Supplies
- Decorations for the house
- Before making a final decision, you should have done some market research on the product niche and be passionate about it.
How to Find Malaysian Dropship Suppliers
You have an online store and products that fit a certain niche. The next step is to find suppliers you can trust for your goods. I have to say that AliExpress is a great place to buy and sell things. It can be seen as an alternative to Taobao for dropshippers who speak English.
AliExpress is well known for how cheap it is to buy things there. You should say here that it can take up to 60 days for most of your products to get to your customers. So, when choosing an AliExpress shipping method, it’s best to think about the condition. Your dropshipping store can use add-ons like Dropship Corporation from AliExpress. AliExpress’s Supplier finder makes it easy for dropshippers to find reliable Malaysian dropshipping suppliers.
Also, there are a lot of trustworthy sellers on AliExpress. So, selling items from AliExpress can reduce the number of times people leave their carts. Also, selling items from AliExpress can cut down on the number of returns and refunds for your dropshipping store.
Using a Dropshipping Tool
As I said above, you can make your online dropshipping business easier with powerful dropshipping apps. The official AliExpress dropshipping partner, Dropship Corporation, can find products and make sure that the supply chain is managed. Let’s look at how Dropship Corporation can help your online store:
With Dropship Corporation, you can add orders from AliExpress straight to your online store. Then you can choose products and add them to your store with custom prices.
With Dropship Corporation, you can find the best AliExpress seller for each order or product to make the most money.
Dropship Corporation will automatically add orders you place, which makes it easier to keep track of orders and manage them.
It gives a special rule for pricing. It can be used to change the prices of new items when they are added to the store.
For a business to do well, it needs a good marketing campaign. When you do dropshipping, you should give it more attention. Why? There are more than one person selling the same things. Your dropshipping store will make more sales if you come up with a good way to market it.
You can advertise your products and store in a lot of different ways, such as through Facebook ads, Instagram marketing, Pinterest marketing, and marketing through influencers. Also important for your store are marketing plans. One powerful way to boost sales is to advertise during the holidays.
Also, Christmas is coming up, so why not start a Christmas marketing campaign during the holidays to get the word out about your products and store?
Malaysian Dropshipping: A Word of Advice
Dropshipping is a business model that allows you to enter a new market with minimal investment and risk. You only pay and order from suppliers when customers place an order, so there’s less of a financial risk involved compared to wholesale. However, the checkout process is another area that requires your undivided attention.
Having a simple, streamlined checkout process is fantastic, and I highly recommend using it. One-page checkout allows customers to complete their purchases without interruption or having to navigate between multiple pages. One of the most impressive ways to boost customer retention and loyalty for retailers.
You can quickly increase your store’s revenue and gain widespread brand recognition by employing a few tried-and-true strategies for launching a dropshipping business in Malaysia. Therefore, you should implement a single-page checkout process.
One of the main benefits of dropshipping in Malaysia is the ability to try out new products that you think your customers will like. It’s a great chance to get to know your target demographic and learn about their wants and needs.
After reading this post, you should have a better idea of whether or not you’re ready to launch your dropshipping business in Malaysia. If this sounds like you, all you have to do is choose a product category and run your dropshipping business idea by Dropship Corporation in Malaysia.