Sharing Services Global Corporation (SHRG) on Top of Direct-Selling Trends, Leading Out in Key Ways
Industry article notes that successful direct-selling companies embrace smart systems that unify necessary tools to drive distributors’ success
- SHRG’s Elepreneurs adopting the interactive, video-based VERB sales-marketing app
- Elevacity D.O.S.E. products designed, formulated around scientifically backed, carefully researched ingredients
Integrating operations and activities into a single platform and fighting health problems through research and education are two key trends for the direct-selling sector moving into a new year, according to a recent article (http://nnw.fm/9UgYf), titled ‘The Top 7 Direct-Selling Trends to Watch for in 2020’. Sharing Services Global Corporation (OTCQB: SHRG), a diversified holdings company in the direct-selling industry, is leading out in these areas, as well as others designed to continue the company’s incredible momentum created in 2019.
“Since the majority of distributors are involved in a direct selling business only part-time and try to fit their side gig into busy schedules, every aspect of their entrepreneurial journey should be as smooth and easy as possible,” the article noted. “That’s why for direct-selling companies, it’s crucial to provide their distributors with tools and resources to ensure they have everything for easily achievable success. . . . Scattered solutions for every small challenge are not an option anymore. Successful direct-selling companies embrace smart systems that unify all the necessary tools to drive distributors’ success. Such systems are customizable to the core and combine training, engagement, genealogy management, payment processing, business development and other tools, ensuring that all the distributors are supported at each step on their way to success.”
On top of the trend, Sharing Services and its growing independent sales force, called Elepreneurs, use the interactive, video-based VERB sales-marketing app platform developed by Verb Technology Company Inc. (http://nnw.fm/cB01C). The innovative app combines world-class sales tools and allows users to track analytics in real time, deliver video messages, facilitate promotions and increase retention, manage social campaigns and much more. VERB is only the latest component of SHRG’s powerful selling strategy, which combines online technological tools and a specialized, seamless selling experience offered by its Elepreneurs.
SHRG’s implementation of VERB isn’t the only leading-edge move the company has made. The company created a wholly owned subsidiary – Elevacity LLC – that is focused on elevating health, wealth and happiness through a patented, powerful product line. Elevacity D.O.S.E. products are designed and formulated around scientifically backed, carefully researched ingredients proven to stimulate the happiness hormones: dopamine, oxytocin, serotonin and endorphins.
In addition to Elevacity, Sharing Services created a second subsidiary – named Elepreneurs LLC after its sales reps – specifically to answer the call of a new era of individuals in the gig economy who are looking for greater flexibility with income opportunities and a path to living happier, healthier and wealthier lives. Elepreneurs meets the needs of a “new era of social media and a widened consumer base that crosses industries and borders. ‘Relationship Marketing,’ or ‘word-of-mouth’ marketing breaks the traditional mold and creates competitiveness and big opportunities in the hands of small businesses across the company’s platform,” the company noted in a news release (http://nnw.fm/FCZ1m).
“The company’s successful strategy reaches today’s market and consumers in an extremely cost-effective and more personal and direct approach.”
Since the creation of both Elepreneurs and Elevacity, along with the release of the D.O.S.E. products, Sharing Services has seen consistently impressive growth each quarter. “For the full fiscal year ended April 30, 2019, cash provided by operations was $6.0 million on annual sales of $85.9 million,” the company recently reported (http://nnw.fm/GEeD9).
“In addition, for the six months ended October 31, 2019, cash provided by operations was $12.1 million on sales of $74.3 million, while operating earnings were $3.9 million. As of October 31, 2019, cash and cash equivalents were $12.8 million.”
Sharing Services is dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling industry. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary divisions include Elevacity Holdings LLC (a product-sourcing and supply company) and Elepreneurs Holdings LLC (a sales and marketing company based on utilization of independent contractors as the sales force).
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://nnw.fm/SHRG
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