- The
company provides fully and partially owned firms with the same management
efforts and mentorship services
- Its
Blue Ocean Strategy is pushing SHRG forward with sustained revenue growth
- SHRG
expanding into Canada is the first step in a larger international expansion
plan
Sharing Services Global Corporation (OTCQB: SHRG) owns,
operates or controls interests in direct-selling companies. The company’s
diversified portfolio allows it to reshape how today’s entrepreneur achieves
success through a model that provides management, buying power, merchant
processing, manufacturing and administrative services to already established
direct-selling and network-marketing firms.
By leveraging the abilities of numerous direct-selling and
network-marketing businesses, SHRG is able to offer products and services
directly to the consumer through Elepreneurs, or independent representatives.
Elepreneurs is a term coined by SHRG that summarizes the company’s mission of
elevating today’s entrepreneurs by revolutionizing the direct-selling industry.
To do this, SHRG created its blue ocean strategy. The goals
of SHRG’s blue ocean strategy are threefold:
- Elevate
home-based entrepreneurs;
- Utilize
the direct-selling channel to generate 100 percent organic growth; and
- Create
successful independent business leaders.
The company has already seen rapid growth from this
strategy. In January 2019, SHRG reported approximately 29,000 Elepreneurs and
200,000 customers. The combination of quality products, the excellent
performance of Elepreneurs and the continued satisfaction of customers have
played a vital role in SHRG’s performance.
“We [are] on track for a great first full year since
launching our incredible health and wellness division of Elevacity Global and
Elepreneurs,” Sharing Services CEO John “JT” Thatch stated in a recent press
release (http://ibn.fm/EbMq3).
“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 company has aggressive plans to expand rapidly and increase
revenues. Earlier this year, the company changed its name from Sharing Services
Inc. to Sharing Services Global Corporation to better represent its global
expansion plan. The next step in its international strategy involves plans for
Elepreneur LLC to expand into Canada. The company’s first Canadian event is
scheduled to take place on May 3-4 in Ottawa, Ontario.
Management notes that integrity, respect and dedication are
at the heart of all that SHRG does. The company intends to continue to share
its great products and services by utilizing its blue ocean strategy in the
United States and as it expands globally.
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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