The 13 Best Home-Based Business Ideas To Start In Guam [2024]
Interested in starting a business in in 2024?
We put together 39 of the best businesses you can start in today.
For each business idea, we’ll show you real-world examples of how you can start your profitable, home-based small business in .
Here's the full list:
1. Start an affiliate marketing business ($9.28M/year)
Starting an affiliate marketing business in Guam is a promising venture, especially if you leverage the power of SEO to draw in traffic and generate revenue. By creating compelling content that ranks well in search engines, you could earn commissions by recommending products or services that resonate with your audience. This model allows you to work from home and scale up your business over time without significant overhead costs.
For a real-world example, consider Casino Guru, which was started by Jan Kovac in Bratislava. This website focuses on providing information about online casinos, generating around $500k/month in revenue and employing over 50 full-time staff members. Through effective SEO and a user-centric approach, Casino Guru has climbed to the world’s #3 position in its segment. If you're interested in launching a similar venture, you can learn from their journey by reading their full case study.
This case study follows a successful online casino website generating $500k/month in revenue and holding the world's #3 position in its segment, sharing the story of its founders' journey from starting out with SEO strategies, to redesigning their website, and diversifying their business with new products and brands.
2. Start a computer accessory business
A computer accessory business could be a lucrative venture in Guam, particularly with the growing reliance on technology in both personal and professional settings. The demand for computer peripherals like mice, keyboards, speakers, and external hard drives continues to rise as more people work from home and engage in online education. By tapping into this market, you could cater to a diverse clientele, from remote workers to students and tech enthusiasts.
Setting up shop in Guam also allows you to benefit from its unique market dynamics. Local businesses and remote workers will be looking for reliable suppliers of computer accessories, offering you an excellent opportunity to become a trusted name in the community. To start, consider checking out more details on this business idea and explore successful case studies for inspiration.
TechKeys, an online retail store dedicated to mechanical keyboard parts and accessories, grew from a hobby to a niche business earning $5,000 a month in revenue by leveraging the buying power of the group buy to manufacture additional inventory and offering them to buyers at a standard retail markup.
3. Start an online food business ($4.03M/year)
Starting an online food business in Guam in 2024 could be a fantastic idea for entrepreneurial folks. As an island with limited access to diverse cuisines, you could cater to local residents' cravings for unique and high-quality meals without the hassle of dining out or sourcing speciality ingredients themselves.
Beyond bringing variety, this business aligns perfectly with the growing demand for convenience and healthy options among busy professionals and households. By offering tailored, home-delivered meals, you could also tap into niche markets such as vegan, gluten-free, or culturally specific dishes. For more inspiration and insights, read about successful case studies in the food sector.
Healthy Chew is a profitable weekly meal preparation service that grew from 200 to 10,000 weekly bowls in just over 3 years, with an overall sales figure of $1.8 million, achieved through effective branding and personalised customer service.
4. Start a travel agency ($2.09M/year)
Given Guam’s thriving tourism industry, starting a travel agency could be a lucrative home-based business. As a Guamanian entrepreneur, you could cater to the steady influx of tourists seeking unique experiences on the island, providing curated travel packages that highlight Guam's cultural heritage, pristine beaches, and adventurous activities.
Being a local, you could leverage your insider knowledge to offer personalized services and exclusive deals that larger, generic travel agencies cannot match. By focusing on online marketing and building a user-friendly website, you could tap into a broad, international clientele and distinguish your agency with specialized, high-quality travel experiences. For inspiration, check out some successful case studies of travel agencies.
Marissa Daniels runs a successful travel agency, Spread Your Wings Travel, that hit $100,000 in sales within a year of launch and provides payment plan options for its all-inclusive vacations, and she hopes to help 100 families supplement their income through the business.
5. Start a travel company ($3.11M/year)
Starting a travel company in Guam could be an excellent opportunity, especially given the island's unique blend of indigenous Chamorro culture, stunning beaches, and historical landmarks. As an entrepreneur, you could tap into the growing market of tourists who are keen to experience Guam's beautiful landscapes and fascinating history, offering customized travel packages that showcase these unique attributes.
With the increasing demand for specialized travel experiences, you could focus on niches such as eco-tours, cultural immersion trips, or luxury getaways tailored to different types of travelers. By providing personalized and memorable experiences, you can differentiate your business and drive customer loyalty. For inspiration, check out these successful case studies from entrepreneurs who have thrived in the travel industry.
Under30Experiences is a travel company for people aged 21-35 that runs small group trips around the world, with over 800 five-star reviews on Facebook, Google, and Yelp combined, and nearly hitting $5M in revenue before the COVID-19 pandemic.
6. Start a travel blog ($1.43M/year)
A travel blog is an excellent home-based business idea to start in Guam due to the island's unique and stunning attractions. As a resident of Guam, you could utilize your intimate knowledge of the local culture, hidden gems, and specific activities that may not be covered by mainstream travel guides, providing travelers with authentic and valuable information.
Moreover, the allure of Guam's tropical beauty, rich history, and diverse water activities makes it an enticing topic for travel enthusiasts. By building a resourceful and engaging blog, you could attract a global audience interested in exploring this paradisiacal destination. To learn more about starting a travel blog, check out detailed business ideas and successful case studies on Starter Story.
Two friends started an online book club that now has 570 members and generates £10,500 MRR, by addressing the problem of 'Tsundoku,' charging a monthly subscription fee for one non-fiction book, one inspiring meetup, and one custom cocktail, inspiring conversation and community.
7. Start a subscription box business ($1.17M/year)
Starting a subscription box business could be a highly viable idea in Guam due to the unique needs and preferences of local consumers. As an entrepreneur, you could tap into niches that cater to island-specific interests, such as local crafts, tropical beauty products, or island-themed culinary delights that residents and tourists alike would appreciate.
This business model offers recurring revenue and allows you to build a loyal customer base by providing exclusive, curated products. Leveraging Guam's rich culture and diverse market, you could create a subscription box that stands out while also supporting local artisans and businesses. For inspiration, check out these successful case studies of subscription box entrepreneurs.
Vowed Box Co. is a line of curated, quirky gift boxes with non-traditional brides in mind, offering four different products that have helped the business become profitable most months since its launch in 2018, with a monthly income of roughly $600.
8. Start a cbd business ($1.02M/year)
Starting a CBD business in Guam could be especially lucrative in 2024 given the rising awareness of CBD's wide-ranging health benefits, including managing pain, inflammation, and anxiety. As someone with an entrepreneurial mindset, you could tap into the growing market, which is projected to expand by a CAGR of 21.7%, and meet the increasing demand for quality CBD products.
In Guam, there are numerous high-potential opportunities within the CBD industry. Whether you choose to become a CBD distributor, form a CBD cooperative, or even run a CBD-themed podcast, the possibilities are extensive. You could also explore more niche areas such as creating CBD subscription boxes or becoming a CBD marketer. For more ideas and real-life success stories, check out these CBD Business Ideas and Success Stories.
Plain Jane, an online CBD company founded by two college roommates, offers unique products and has generated over $20K a month in sales within five months, attracting and retaining customers through social media, authentic stories, and content.
9. Start a supplements company ($4.71M/year)
Starting a supplements company in Guam can be a lucrative opportunity, particularly given the rising local interest in health and wellness. With the island's growing number of fitness enthusiasts and health-conscious individuals, you could cater to a community eager to enhance their diets with quality products. By operating a home-based business, you'll keep overhead costs low while reaching potential customers directly online or through local partnerships.
Additionally, Guam's unique cultural blend offers an excellent market for creating specialized supplements that cater to specific dietary needs and preferences. If you're passionate about health and wellness, launching a supplements brand could be a viable and rewarding venture. For more detailed insights on this business idea and how others have succeeded, check out this page on Starter Story and explore successful case studies.
A military officer turned entrepreneur built sports nutrition brand Bare Performance Nutrition from $15,000 in year one to on track to generate $6m in revenue this year, leveraging social media platforms and creating interactive, relatable and valuable content to create a community and a brand voice.
10. Start a specialty food business ($597K/year)
Starting a specialty food business in Guam presents an exciting opportunity for entrepreneurs. With the global specialty food ingredients market expanding at an annual growth rate of 6.4%, you could tap into a growing demand for premium and unique food products. This burgeoning market means there is room for innovation, allowing you to bring something new and irresistible to the table.
Guam's unique cultural heritage and its diverse population offer an excellent backdrop for introducing specialty foods that could appeal both to locals and tourists. By leveraging quality ingredients and focusing on a niche market, you could create a distinctive brand that stands out. Be inspired by successful case studies of others who have ventured into this field and consider finding reliable suppliers to ensure the uniqueness and premium quality of your products.
ChipMonk co-founders built a mail-order bakery selling low carb, gluten-free desserts, making around $25,000 a month with growth through e-commerce, and plans to tighten budgets and conserve cash in challenging times.
11. Start a bedding company ($8.89M/year)
Starting a bedding company in Guam could be a lucrative venture due to the increasing demand for quality sleep products in this unique market. With the island's flourishing tourism sector and a consistent influx of visitors seeking hotel accommodations, there is a steady need for luxurious and comfortable bedding products. By specializing in either high-end or affordable options, you could cater to both local residents and hospitality businesses.
Additionally, island residents value a good night's sleep as much as anyone, making this a year-round business opportunity. By leveraging digital platforms like a well-designed website and active social media presence, you could effectively reach a wider audience. To get inspired by real-world examples and learn more about this business idea, check out the bedding company details on StarterStory and explore some successful case studies.
Sheets & Giggles, an eco-friendly bedding brand, earned nearly $500,000 and 6,000 orders in the first 6 months of business through Indiegogo, and utilizes pun-based marketing and a DTC model to tap into a fragmented, low brand loyalty market.
12. Start a beverage company ($17.7M/year)
Starting a beverage company in Guam could be an exciting venture given the island's vibrant tourism industry and tropical climate. The demand for refreshing, locally sourced drinks is high among both residents and visitors, providing you a robust market to cater to. Thanks to successful case studies, you could gather insights on proven business models and innovative approaches that have worked well.
Moreover, the versatility within the beverage sector allows you to experiment with unique flavors that celebrate Guam's rich culture and natural resources. Whether you focus on fruit juices, exotic teas, or locally inspired craft beers, the possibilities are vast. To dive deeper into what it takes to start this venture, you can explore more detailed information here.
BruMate is a successful insulated drinkware brand focused on the adult beverage community, with a flagship product that generated $2.1M in sales in 2017 and is now doing over $1.1M per month in sales, with plans to do $20M this year.
13. Start a beverages business ($21.5M/year)
Starting a beverage business in Guam offers numerous exciting possibilities for entrepreneurial-minded individuals. With its tropical climate, there is a constant demand for refreshing drinks like iced teas, fruit juices, and smoothies. You could capitalize on the increasing preference for locally made and healthy beverages, setting yourself apart by using indigenous fruits and ingredients exclusive to Guam.
Furthermore, Guam's strong sense of community and frequent island-wide events provide ample opportunities for marketing and distributing your beverages. By establishing effective distribution channels and understanding local consumer preferences, you could carve out a niche and build a loyal customer base. For more detailed insights, check out this resource on starting a beverages business or browse through successful case studies in the beverages industry.
BruMate is a successful insulated drinkware brand focused on the adult beverage community, with a flagship product that generated $2.1M in sales in 2017 and is now doing over $1.1M per month in sales, with plans to do $20M this year.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
