Category: Make Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

Angkor Times Latest Questions

Angkor Times
Angkor TimesExperienced
Asked: May 2, 2021In:

Covid 19 firstly found in Cambodia in earlier 2020. During at that time, the Covid19 patience mostly were foreigners who were visited Cambodia whether for business visit or tour visit. Since then, the Convid19 viruses have been spreading to the ...Read more

Covid 19 firstly found in Cambodia in earlier 2020. During at that time, the Covid19 patience mostly were foreigners who were visited Cambodia whether for business visit or tour visit. Since then, the Convid19 viruses have been spreading to the local people and the communities until 2021.

Many businesses have stopped their operation while others have been still operating but reducing staff in the companies or organizations. Some people lost their jobs while many others have been looking for new job opportunities or how to make money online. Here are a few ways to make money online during Covid19 in Cambodia 2021.

1. Selling Books

Many Cambodian people have been starting writing books for sale while others are selling others’ books. During the covid19 pandemic, a lot of areas in both Phnom Penh capital and other provinces were identified as the red, yellow, and arrange zone where have limited access or travel to any place for working or doing business. They have a lot spare times staying at home all days long. If you have good books for sale, they are likely to buy your books to learn to improve their knowledge.

2. Selling Online Training Courses

Online training courses are selling like hot cakes in Cambodia during Covid19 season. If you have knowledge or experience or skills in anything such as digital marketing, web development, app development, leadership, soft skills, and other knowledge setting, you can create courses for sale online.

3. Start Remote Work

Some companies or organizations, even they are not able to operate their businesses or run their projects offline, but they try to adapt their working to online. They have been looking for consultants, talent people or content writers to write contents or do some projects for them remotely. You can find these opportunities by engaging with local recruiter via their website, companies/organizations’ websites or LinkedIn so that you can get update information about new job opportunities when they are available.

4. Start Selling Food Online

It is a great opportunity for your to validate your ideas on starting a new business online, especially starting food online to those who’re in the lockdown areas as they are not allowed to going out to buy food or do anything; However, as a food dealer or seller, you are allowed to sell and deliver them food.

5. Start Affiliation Marketing Job

You can look for popular products or servics to be affiliated with in order to sell them to your networks (your people of being connected). For example, you can be affiliated with cloth shop, beauty shop or event training course of any trainner. Then you can start discussing with them if you want to sell their products or services to your customers. Let’s say you are going to sell clothes then you may want to contact to the cloth shop manager or owner then they will offer you a discount price which you can sell on the market, if someone bought your the clothes from you, you can contact to the cloth shops to send your customer clothes, after that you will get paid as commissions. You can apply this method to other affiliations that you think you are knowledgable in promoting it or selling it.

6. Writing Contents for Angkor Times

Cambodia Time is currently looking for English Content Internship writer, if you think that you can write up to at least 12 contents per month for Cambodia Time, you are eligible to earn some inventive plus other benefits from us. To get started, we will brief and provide you training on how to write content for us. You can defiantly work remotely.

If you are interested in this opportunity, you can write us an email: angkortimes.com@gmail.com.

How to Make Money Online in Cambodia | Cambodia Time

How to Make Money Online in Cambodia | Cambodia Time

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SamInspire20
SamInspire20Experienced
Asked: May 1, 2021In:

by law, do we need insurance to open a company? Do we need any types of insurance policy to open a company in Cambodia? Is insurance needed to run a company in Cambodia by law. Read more

by law, do we need insurance to open a company? Do we need any types of insurance policy to open a company in Cambodia? Is insurance needed to run a company in Cambodia by law.

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insurance for businessinsurance for startupwhat insurance needed to register a company
Angkor Times
Angkor TimesExperienced
Asked: May 1, 2021In:

April 30th 2021, Cambodia Academy of Digital Technology – CADT organized (90 participants) a Zoom meeting with CEOs of BookMeBus, VTenh, Muuve, Khmum eShop, Nham24, BlOC, and Supper App discussing about the startup, the main challenges, the collaborations, the opportunities ...Read more

April 30th 2021, Cambodia Academy of Digital Technology – CADT organized (90 participants) a Zoom meeting with CEOs of BookMeBus, VTenh, Muuve, Khmum eShop, Nham24, BlOC, and Supper App discussing about the startup, the main challenges, the collaborations, the opportunities of eCommerce and Delivery platforms in Cambodia.

1. The Supply Chain

Most of the CEOs stressed that it seems like eCommerce and Delivery startup businesses in Cambodia haven’t responded to the high demand of the growing population while quality and standard assurance of the eCommerce and Delivery services haven’t done well yet.

The payment gateway is also the complicated thing which is required the companies limit the services and products offering to mainly urban customers rather than the customers who are living in the countryside.

2. The Customers

Customers’ experience and education on using eCommerce and Delivery services are on the rise of improvement reinforcement which make them hard to access the greatest features and benefits of the platforms. The eCommerce and Delivery companies are required to collaboratively working together to educate and learn from the customers to offer the best experience of eCommerce and Delivery platforms they deserve.

3. Data protection

Customers not feel comfortable in giving their personal data, especially using their credit card to process online payment in buying products online. The government and relevant stockholders such as both local and international banks working together to create technology tools to protect consumers data which reinforce their trust on making online payments.

4. The Rivals

If the giant businesses in the field of eCommerce and Delivery enter Cambodia, the local startups are not ready to compete with them yet as they are not strong in term of financial and technical support. The million or billion dollar companies can take over the big market segment if they want to operate in Cambodia. However, the local startups express no worry about this as the international companies not really well understand about the local culture, the people, and the infrastructure in Cambodia, even if they have big fund to operate their business in Cambodia, it might not be successful as the market is small.

5. The Opportunities

The eCommerce and Delivery platforms will be growing substantively in the from now on as the growth of internet user and mobile access plus online payment gateways integrations well connected. In the future, giant tech and other businesses will enter Cambodia, they will look for strong local eCommerce and Delivery players to merge their mission and vision with, then the local startups will be able to expand their business and strengthen their capability to build tech and support the local market even better.

What are the main challenges and opportunities of eCommerce in Cambodia? Cambodia Time

What are the main challenges and opportunities of eCommerce in Cambodia? 

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SOVANN
SOVANNExperienced
Asked: April 30, 2021In:

There is a rumor that Cambodia is banned and restricted  from YouTube Advertising and Monetization. There is a rumor that has been viral a few weeks in Cambodia disclosed that “YouTube video ads in Cambodia have been blocked, allowing local users ...Read more

There is a rumor that Cambodia is banned and restricted  from YouTube Advertising and Monetization.

There is a rumor that has been viral a few weeks in Cambodia disclosed that “YouTube video ads in Cambodia have been blocked, allowing local users to view only videos posted on the site without ads.”

This has become a great concern for Cambodian YouTubers (content creators) and advertisers for being interrupted in driving revenue for their businesses.

Regarding the question about the ban, a YouTube representative for Southeast Asia said that under the monetary policy of content creators in Cambodia, monitors were not allowed to monetize their videos on his channels.

“Advertisers can target their ads only to countries where YouTube has launched monetization sites,” the policy states.

The YouTube representative above could not determine why all ads were blocked on the platform.

Mr.. SOVANN, CEO of Activerify, a trusted local digital marketing company, says services such as YouTube advertising are vital to doing business in Cambodia. He said he has been using these types of ads in the country since he arrived in 2016. “For Google, Facebook or other big technology companies to take away services from Cambodia is not appropriate,” he said.

Regarding the question of whether the withdrawal of advertisements may be related to the Government Sub-Decree on Value Added Tax (VAT) for digital goods and services sold by foreign companies? “Value Added Tax (VAT) on digital goods and services is a global issue,” he said. He added that the Royal Government of Cambodia is always willing to discuss and meet with companies on such issues and would be surprised if the removal of advertisements is in line with government policy.

Chris McCarthy, CEO of MangoTango Asia, a local digital marketing company, says “Not sure what has happened to YouTube yet, but the closure is a demonstration of the power these companies have over business revenue and that is something the government should be concerned”.

While Cambodia-based YouTube videos are not eligible for monetization at all, it is also worth noting that Google Ads does not collect value added tax (VAT) in other countries in the region including Thailand.

Policy for Thailand states: “Because your Google Ads business contract is registered with Google Asia Pacific Pte Ltd. Local taxes do not apply to your Google Ads activity. “These taxes will not be shown on your invoice.”

Mr.. SOVANN noted that Google Ads is still active on websites in Cambodia.

YouTube banned or restricted Ads and Monetization in Cambodia-Cambodia Time

YouTube banned or restricted Ads and Monetization in Cambodia-Cambodia Time

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: April 28, 2021In:

Buying an established company has many benefits, the most important of which is that you can begin trading right away. When you buy an existing company, you don’t have to wait for the property to be fitted out; you can ...Read more

Buying an established company has many benefits, the most important of which is that you can begin trading right away. When you buy an existing company, you don’t have to wait for the property to be fitted out; you can start earning money right away from your existing customer base. This usually comes at a cost (the business’s purchasing price), but if you can find a good deal, it’s always a good idea to go this route.

Step 1 – Find a business that interests you: Most reliable real estate firms have company for sale listings that you may be interested in. The current state of the business, as well as the lease and financial details, are normally included in the listings.

Step 2 – Check the lease of the current Business that you want to buy: It is better to check about Due Diligence when you set up your business. Due diligence is the examination or exercise of care that a fair company or individual is required to perform before entering into an arrangement or contract with another entity, or performing an act with a certain level of care.

Due Diligence is an important step in the process. The new owner must ensure that the current lease agreement permits the transfer of the business. Coordinate with the property owner and negotiate a new lease agreement if the existing lease does not provide for the transition to a third party. The new lease agreement could alter the rental price.

Keep in mind that before a company opens to the public, it should have gone through the process of consulting with the property owner to see if the lease can be transferred. In theory, the current business owner cannot sell the company if they are aware that the contract does not allow for the sale. It is, however, important that you double-check. Your real estate agent will help you negotiate the new lease conditions. They can also search for another venue if it isn’t negotiable. In the case of a franchise, venue or lease arrangement are not taken into account. You are free to set up shop wherever you want.

Step 3 – Sign the new lease or assignment of lease rights: Once the property owner has agreed to the lease transfer, interested parties sign a company transfer agreement. This is made possible by the real estate agency. They review the lease papers, coordinate/negotiate with the landlord, and prepare the requisite documents for signature. When you leave it to the professionals, it’s painless and hassle-free.

Check tax receipts and other contracts from suppliers if you want to keep the existing business name: The main benefit of holding the current company name is that the incorporation process is quicker, taking just 3-5 weeks on average. You’ll still keep customers who are already loyal to that specific brand or name. If you’re buying an established company, make sure the previous owner’s tax payments are current. Check for any outstanding debts with current vendors as well.

Step 5 – Hire or re-train existing staff: You have a young population of Cambodians eager to make a name for themselves, depending on the degree of revamping you decide to make on your market. The workforce is diverse; all you have to do now is find the right people.

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