- Brick-and-mortar stores are looking to alternative means of commerce to stay afloat
- SHRG encourages relational approach to customer service through Elepreneurs, fostering long-term customer loyalty
- SHRG is at forefront of change by providing tools, services, products in high demand in evolving industry
No industry is failing faster than retail, according to a 2018 report by Harvard Business Review (http://ibn.fm/xOkOc). Companies such as Sears, Toys R Us, Kmart and Payless seem to be echoing this idea as they shut their doors. According to the report, even those whose doors have stayed open are seeing stagnant sales. But is the retail industry actually failing, or is the way forward simply changing? That’s the question Sharing Services Global Corporation (OTCQB: SHRG) is answering.
Numbers don’t lie. Brick-and-mortar stores are suffering if they remain simply a store front. However, those that have begun to offer ecommerce options are seeing growth. Shopify reported that physical stores with an online presence will see 82.5 percent of the ecommerce share of retail by 2021 while ecommerce stores with no physical store front will make up 17.5 percent (http://ibn.fm/Ax4Rx). Convenience and price shopping are a large part of this, and yet 68 percent of Americans don’t like shopping online because they can’t see, touch or try on what they’re buying (http://ibn.fm/BWA8A). So, while ecommerce is on the rise, it still fails to meet most customers’ needs and preferences.
Consumers’ needs aren’t the only ones that are changing. Younger employees are placing a greater emphasis on meaningful and rewarding work over income as they enter the workforce, while boomers are seeking employment that offers independence in their preretirement years. An estimated 74 percent of boomers are looking for opportunities that allow them to create their own schedules during retirement while also bringing in much-needed income. According to the 2019 DSA National Salesforce Study, regardless of the generation, flexibility is a high priority for today’s workers – a priority that is driving more and more individuals to choose direct selling. Flexibility isn’t the only priority for today’s workers. According to NAMI (http://ibn.fm/8XVW9), one in five adults and one in six youth (ages six to 17) experience mental health issues every year. Jobs that offer freedom, flexibility and a focus on relationships and happiness are highly desirable.
That’s great news for Plano, Texas-based Sharing Services. A diversified holding company that owns and operates an interest in a variety of companies specializing in the direct-selling industry, SHRG’s mission is to elevate the entrepreneur by offering relationship marketing and providing the highest quality of products and services.
SHRG equips its independent direct sellers, called Elepreneurs, with the tools and resources needed to work in a rapidly growing, global, direct-sales market. The focus is to elevate lives of Elepreneurs and customers, encourage healthier lifestyles and redefine wealth. Products and services are essential components of a culture that promotes health and happiness. In addition, seminars, classes and workshops are offered that help Elepreneurs define and find their individual success.
In a world where human connection is on the decline, SHRG focuses on relational marketing. Elepreneurs are encouraged and equipped to form long-term relationships that foster customer loyalty through the provision of outstanding service and products. Every customer and every Elepreneur matters. By creating authentic, transparent and quality services, SHRG consumers become loyal to the individual representatives. Growth is built on return business.
All independent work is not the same. Those who choose direct selling with SHRG have the freedom to sell products they believe in, choose their own schedule and co-workers, and mold a career path based on their individual desires and goals.
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