If you like to make money online, this is actually what you should think of rather than following others by making money by blogging. I have actually tried taking a business that is already doing under the brick and motar method. Then convert it into online business. That business actually makes more money in terms of time spend to make a certain money. Of course this business will most probably limited to Malaysia geographical region but you still could sell service that has no boundary right?
The beauty of this business is that people actually look for you rather than you looking for your customer. It is all about Internet Marketing. Currently, it is easy to do that because you will be the pioneer and getting the strong keyword before anyone else. You will have to try the long tail keyword or the long tail market. For example, trying to sell watch, used car, insurance, fishing equipment or any other deals you could make with the retailer. Or maybe you could sell Swine Flu Mask right now.
Finding the right product to sell will be the crucial first step. Because you will have to think if there is competitor, if there is demand, if someone would purchase this online, if someone would search for this product online, if you are ready to sell this product, if you are doing marketing online/offline and a lot of other questions that will be similar to starting a business offline.
Similar to make money blogging, it is not an easy task and majority of people would actually quite before they see any result, but for those who persisted and work harder than the rest would actually see the pot of gold at the end of mountain.
If you have something that would work, you can let me know, and we could do a join venture on the product too 
.
True. Can you recommend us some good open source ecommerce software so that we can start our online business? A complete guide of how to start off an online shopping website will be useful to most of us.
Kit Kat: I use a few before, zen cart is great and one that you could use it together with joomla is also quite good. A new cart that I found is Magento, but your server must have to said configuration ….you can give it a try.
I’ve heard of Magento quite some time ago but it was in beta that time so I forgotten about it
Too bad the interface of os commerce is ugly, else it will be a great shopping cart software too.
CubeCart (http://www.cubecart.com/) is a another open source software.
From my experience,if you want to start up your online business better trade in some forum or free online advertisement site,till your name become ‘popular’ then can build your own online business with your own trading website.
Target in Malaysia market will make you trouble caused Malaysian still not 100% accept ‘online trading’.
Maybe we can talking these issue at offline.
im planning to do some web business too…since i can make use of my full time learning skill there
Thanks for the recommendation, Wongsk
As for now, Malaysian still prefer offline purchasing. Probably because previously Malaysia was blacklisted by Paypal for credit card fraud. I wonder paypal accepts Malaysia credit card now.
wongsk: i tried..but would prefer the paid version as there is limited theme out there
iamDavidLee: it would be great that you could find time doing that
KitKat: true….but for various other reasons too, like courier service not reliable, high courier charges, people’s trustworthy, fraud by customer, and maybe lots more that contribute to this….hopefully things will get better
Adi Wong:oscommerce (http://www.oscommerce.com/) may alternative choice.
Kit Kat:Paypal accept Malaysia credit card.You need to do is link your credit card to paypal account and upgrade to premium & business account,then select Mechant Service in your paypal account to set up payment gateway to accept credit card payment.
What i know there are few company in Malaysia having online payment gateway solution,use Google searching ‘Malaysia online payment gateway’ and you can find the solution at there.
Hope can help you.
I think Internet marketing is the work of the 21 st century. And in the future, the one who will have a good blog will be rich!
Adi Wong, agreed. Shipment is one of the problem as well
Wongsk, thanks for the information. You’ve given me the answer about the mystery between Malaysia and Paypal
Gonna search the keyword you provided right now! 
I don’t have a website yet but i m thinking of online business like people will be download software from site ,is it possible to build a software downloading i m website,if possible can you please explain to me how to start n how i will earn money by this way? please help me i m really exited about this…..
This is an interesting approach to entering the online market. Those who are disciplined and committed will prevail regardless of the hurdles which exist.