- The direct-selling industry is seeing rapid global growth with the ongoing shift toward a gig economy
- Sharing Services aims to empower independent business leaders to take charge of their own lives while creating record-breaking sales
- The company’s products utilizing dopamine, oxytocin, serotonin and endorphins create elevated happiness levels and are well-received by the market
The direct-selling industry has seen rapid growth globally. Estimated retail sales in 2018 marked a 1.2 percent increase over the previous year, bringing in $192.9 billion (http://ibn.fm/V16x9). More and more people are relying on gig jobs that allow them to avoid long commutes to the office, restricted work hours and bosses. Sharing Services Global Corporation (OTCQB: SHRG) is one of many companies making these conveniences possible in this emerging gig economy, but SHRG stands apart from the others due to its commitment to thoroughly empowering the home-based entrepreneur.
The company calls its independent distributors ‘Elepreneurs’, and it is reshaping the industry by providing necessary tools that can lead individuals to success. From its headquarters in Plano, Texas, the company provides Elepreneurs with quality training, products and services. All of the company’s sales are through organic growth, which is attributed to the Elepreneurs, who are effectively following the company’s Blue Ocean Strategy. Since 2017, the company has added thousands of independent distributors and continues to see growth.
Elepreneurs are focused on elevating their own lives and the lives of customers through products and services. By empowering entrepreneurs to take the reins of their own lives, Sharing Services has created a simpler, more inventive approach to sales and marketing that harnesses the power of relationship marketing. Today’s consumers are reached through cost-effective and personal approaches that other organizations have lacked the ability to accommodate. SHRG Elepreneurs are taught how to connect with others, utilize social media tools and grow organic friendships through excellent customer service. These skills in utilizing customers’ online presence to cultivate personal connections are setting Elepreneurs LLC apart from other direct-selling companies.
SHRG also has a competitive advantage as it taps into the health and wellness market. Wellness products make up an estimated 33.8 percent of America’s direct-selling industry. Synergizing the customer service talents of Elepreneurs with SHRG’s happiness-stimulating products, the company has been able to increase its products’ market penetration.
These products, which are designed to elevate the happiness and well-being of customers, have been created through SHRG’s wholly owned subsidiary, Elevacity LLC. The brand is made up of core products in the nutritional category, including supplements that incorporate the company’s formulation of dopamine, oxytocin, serotonin and endorphins, or D.O.S.E. These four hormones have been shown to promote well-being and happiness.
Backed by scientific data and well-known happiness researcher Shawn Achor (http://ibn.fm/yeP5F), the D.O.S.E. products have been well received and are a large reason for SHRG’s record-breaking sales since the products debuted in December 2017. Whether customers start their day with a D.O.S.E. of happiness mixed with their coffee or in a supplement, they know they are using a product that’s made with the highest standards.
SHRG seems to have found its niche as it focuses on creating products and services that impact the happiness of customers, entrepreneurs and investors alike.
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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