- Sharing
Services Global Corporation is leveraging its products and services
industry ownership and controlling interests to expand sales internationally,
starting with Canada
- The
company has pioneered the “elevating” mission of its independent sales
associates under the home-based entrepreneurship strategy of its
Elepreneur division
- Through
Elepreneur and the company’s Elevacity wellness product line, SHRG
reported ongoing record monthly sales through the end of its third quarter
in January, with the latest tallies showing continued growth in March
Direct sales-focused home-based entrepreneurship
company Sharing Services Global Corporation (OTCQB: SHRG) is
continuing to rack up monthly revenue records as it nears the end of its first
full year since launching wellness division Elevacity Global with its
Elepreneur sales associate subsidiary.
The company’s third quarter report, tallying progress
through the end of January 31, 2019, showed sales of $25.9 million with a gross
profit of $17.59 million (http://ibn.fm/qQet4)
and sales revenues of over $64 million since the company launched its products
in December 2017. Sharing Services Global reported another $10.4 million in
sales revenues for the month of March as it approaches the end of the final quarter
(http://ibn.fm/xWpF8).
CEO John “JT” Thatch highlighted the holding company’s
global expansion goals as he announced the revenues in a news release, stating,
“March sales revenues are proof that our ‘Blue Ocean Strategy’ is being well
accepted in the direct selling marketplace. We look forward to closing out our
year-end this month, while expanding into Canada for further growth
opportunities.”
The ‘Blue Ocean Strategy’ comment refers to a business theory
through which companies work to establish their own market spaces where they
can secure and steer revenues in the spaces’ competition-free “blue oceans.”
Its corollary is the “red oceans” bloodied by businesses battling for the same
bite of the consumer pie in the markets of more traditionally defined
industries (http://ibn.fm/7u0Vd).
Sharing Services Global owns, operates or controls an
interest in a variety of companies that either sell products directly to the
consumer or offer services that respond to insurance, health and wellness,
energy, technology, training, media and travel benefits needs.
The company is focusing on its international expansion
strategy this year, as exemplified by its first Elepreneur independent sales
associate event in Canada, scheduled to take place May 3-4 in Ottawa,
Ontario (http://ibn.fm/VrCiK).
The Elepreneur division notes that its largely female demographic of
salespeople aligns with a Direct Sellers Association of Canada report that 82
percent of the country’s 1.3 million independent sales consultants are women.
The addition of Chief Marketing Officer Clare Holbrook to
the company’s executive team earlier this year further established SHRG’s
international pursuits; the direct sales industry veteran is an “international
polyglot” able to communicate effectively in five languages. She has worked and
lived throughout the United States, United Kingdom and the European Union,
providing marketing leadership on four continents and more than 20 countries.
Elepreneur’s growth has been featured multiple times in
articles by direct sales media outlets, including Business for Home,
which recently advanced an interview with company CEO Robert Oblon in Networking
Times (http://ibn.fm/afaPn).
SHRG was originally formed to develop and market a taxi-ride sharing website
and application, but began its exponential growth in February 2017 when it
expanded its business model to include travel and technology management
products and services. It then added its Elevate nutraceutical wellness product
line through Elevacity in December 2017, followed by additional acquisitions
and purchases of equity interests designed to position it as a global sales
leader.
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates
relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG
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