- 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
