- In a rapidly growing industry, SHRG is one of fastest-growing direct-selling companies
- Nutritional products specially formulated for happiness are part of the company’s commitment to elevating the health and wellness of others
- The company’s strategic growth is spurred both organically and through acquisitions, as SHRG eyes a global stage
Focused on the success of home-based entrepreneurs, Sharing Services Global Corporation (OTCQB: SHRG) is a diversified holding company that owns, operates or controls an interest in a variety of companies specializing in the direct-selling industry. In the last several months alone, the company has grown by 10,000 independent sales representatives, positioning it among the fastest-growing direct-selling companies in the world.
According to the World Federation of Direct Selling Associations, 2016 saw a global market exceeding $182.6 billion, with the United States leading the way with $35.5 billion and China right behind with $33.9 billion (http://ibn.fm/LqrVf). Statista reports that, in 2017, the direct-selling market generated nearly $190 billion, with wellness products accounting for 33.8 percent of total industry sales.
According to the Direct Selling Association, roughly 18 million people participated in direct selling in the United States last year alone. As of January 2019, SHRG has reported 29,000 Elepreneurs, 200,000 customers and $65 million in revenue since its product launch in December 2017 (http://ibn.fm/qiPZB).
Several strengths make SHRG stand out from its direct-selling competition. These include nutritional products that promote happiness, the company’s unique Blue Ocean Strategy and the rapid growth of its home-based entrepreneurs, or Elepreneurs – a term coined by the company.
Elepreneurs LLC was launched in December 2017 and is a wholly owned subsidiary of SHRG. Structured to contract with companies to promote and sell products through a direct-selling model, Elepreneurs is dedicated to elevating the health, wellness and happiness of others. Using relationship and word-of-mouth marketing, the company is training its home-based entrepreneurs to organically reach consumers in an extremely cost-effective and personal approach.
Elevacity Global LLC is also a wholly owned subsidiary of SHRG. Elevacity utilizes the Elepreneurs to promote its specially formulated nutritional products to consumers. Its powerful products are made with scientifically-backed ingredients that stimulate the happiness hormones dopamine, oxytocin, serotonin and endorphins, which the company refers to as D.O.S.E. The vision behind Elevacity is to elevate lives through both products and services.
SHRG is strategically implementing a diversified growth strategy, which includes growth organically and through acquisitions, both inside and outside of the United States. The company’s recent name change — from Sharing Services Inc. to Sharing Services Global Corporation —reflects this international growth strategy.
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