- The
direct-selling industry posted $192.9 billion in sales in 2018, marking
the highest-ever total for the growing sector
- Sharing
Services recorded a nine-fold increase in 2019 from its 2018 sales numbers
- SHRG
continues its global expansion in an effort to take full advantage of the
growing global market
Sharing Services Global Corporation (OTCQB: SHRG) had
a record year, establishing itself as an impressive performer in an industry
that is itself seeing record numbers. The direct-selling industry reached its
highest sales ever – topping out at $192.9 billion in 2018 – with sales up in
65 percent of the direct-selling countries around the world. Sales aren’t the
only indicators of the sector’s strong and steady performance. The industry’s
global independent sales force reached 118.4 million, with more than 13.8
million individuals joining the ranks of direct-sales firms since 2015
alone (http://ibn.fm/zzy4u).
Sharing Services’ numbers also continue to grow. The
company, which is dedicated to selling products directly to consumers, has
posted record-breaking sales since its December 2017 release of a line of
health and wellness products (http://ibn.fm/WtbDh).
The company’s sales total of $85.9 million for its fiscal year ended April 30,
2019 (http://ibn.fm/4VG4J),
represents a nine-fold increase, or a $77.5 million jump, from SHRG’s FY2018
sales of $8.4 million.
Sharing Services’ products are available through Elevacity
Global LLC and Elepreneurs LLC, its two wholly owned subsidiaries, which are
responsible for the manufacturing, distribution and sale of all products
offered by the company’s international independent network of distributors.
Sharing Services is carving its niche in this booming market
by differentiating itself from its competitors in a number of important ways.
First, the company’s proprietary nutraceutical products contain ingredients
that have been known to stimulate hormones that trigger happiness, such as
dopamine, oxytocin, serotonin and endorphins. In addition, the company’s unique
selling model is carefully designed to encourage expansion and rapid growth
through a unique compensation structure.
Finally, Sharing Services has implemented its proven Blue
Ocean Strategy throughout the company and its independent sales force. Highly
successful, the Blue Ocean Strategy melds key components of the business
together to implement the company’s mission. Those components include elevating
SHRG’s passionate and dedicated Elepreneur sales force, utilizing the growing
direct-selling channel to generate impressive organized growth and creating
successful independent business leaders.
Headquartered in Plano, Texas, Sharing Services operates out
of a 10,000-square-foot facility that is designed to house its executive staff,
customer-service, operations and training rooms, as well as a video production
suite.
With both national and worldwide numbers indicating
impressive future possibilities in the direct selling industry, Sharing
Services is starting its global expansion. These steps include announcing plans
to market its Elevacity line of products in Canada, New Zealand and Australia,
as well as expanding its Elepreneur opportunity elsewhere. The company is
focused on leveraging its continued momentum and offerings on a global scale.
“We have aggressive plans to expand our markets rapidly and
increase our revenues dramatically to bring profitability and shareholder value
to this company,” Sharing Services CEO John “JT” Thatch stated in a news
release (http://ibn.fm/yrI82).
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
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment