- 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
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