- The shifting retail industry is creating new opportunities in direct-selling
- Remote employment and work-from-home positions are projected to make up the majority of the U.S. workforce by 2027
- The company is focused on elevating entrepreneurs with much-needed resources in the ever-growing global direct-selling market
A quick search of the retail industry suggests that the sector is dying, as stores such as Payless, Walgreens, JCPenny, Victoria Secret and more announce closures. However, a closer look reveals that the industry is not dying; it is merely changing. People are skipping crowded malls and shops and opting for the ease of e-commerce and the comfort of direct-selling. According to Statista, the direct-selling market brought in $64 billion in the Americas, with wellness products leading the way with 33.8 percent of total industry sales. An estimated 20.5 million people are involved in direct-selling in the United States, marking a 31 percent increase over a five-year period (http://ibn.fm/dZ7mZ).
The United States is also experiencing a shift toward entrepreneurship and working remotely. Companies specializing in the direct-selling industry, such as Sharing Services Global Corporation (OTCQB: SHRG), are ready for the influx. According to a comprehensive study by Upwork and Freelancers Union, freelancers are projected to make up the majority of the U.S. workforce by 2027 (http://ibn.fm/6sWZq). Freelancing is attractive because it offers individuals freedom to choose their own hours and work locations. However, the option also comes with challenges, such as a lack of health care, sick days and vacation.
SHRG is working to make direct-selling more appealing to the entrepreneur than freelancing. The company is doing this by successfully providing access to much-needed benefits while still offering the freedom of schedule and location. The company coined the term elepreneurs to represent its mission to elevate the lives of its independent distributors through products and services.
Individuals with an entrepreneurial drive who are looking into the direct-selling industry will find professionalism at every turn. The company provides home-based entrepreneurs in the U.S. and others countries with access to insurance, wholesale travel, wellness products, live and online seminars and training events, and unique compensation and reward programs. The company offers a wide range of products and services catered to today’s consumer. This approach helps to generate 100 percent organic growth.
SHRG has identified four specific keys to success that it has continued to build on since launching Elepreneurs and Elevacity Global in December 2017:
- Attract and retain driven entrepreneurs and shape how home-based Elepreneurs succeed;
- Continue to expand its holdings portfolio;
- Rely on the expert guidance of a proven core leadership team; and
- Capitalize on the forecast growth of the direct-selling industry.
The company’s competitive advantage lies in its wellness products, which are scientifically formulated to stimulate happiness, as well as a unique shared compensation model that creates loyalty and rapid organic growth. By empowering Elepreneurs with freedom, choice and support, SHRG and its subsidiaries are well positioned in an ever-growing global direct-selling market. In the last few months alone, SHRG has grown by thousands of independent sales representatives.
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