Thursday, May 3, 2018

Sharing Services Inc. (SHRV) Emerging as Multi-Channel Leader in Direct Sales Marketplace

  • Record 20.5 million people in the U.S. were involved in direct selling in 2016, a 1.5 percent increase from the previous year, with $35.54 billion in direct retail sales
  • Collaborative economy and growth of social media platforms bringing diversity, empowerment to direct selling companies and entrepreneurs
  • Global direct selling industry generated about $182 billion in 2016, with wellness products snapping up 35 percent of direct retail sales
From its headquarters in Plano, Texas, diversified holding company Sharing Services Inc. (OTC: SHRV) offers an international perspective for entrepreneurs everywhere hoping to master the art of network marketing and direct selling. Sharing Services owns, operates or has a controlling interest in a range of companies in the health and wellness, energy, technology, training, media, insurance services and travel industries. Sharing Services offers home-based entrepreneurs ample opportunities to meet personal goals, elevate their own businesses and prosper.
The Direct Selling Association states that a record 20.5 million people were involved in direct selling endeavors in the U.S. in 2016, with person-to-person pegged as the top sales strategy employed by direct sellers (http://nnw.fm/hoO73). Sharing Services empowers its growing international network of home-based entrepreneurs, known as ‘Elepreneurs’, through its dynamic ‘Blue Ocean Strategy’ that focuses on sharing the company’s collective products and services to generate 100 percent organic growth. Sharing Services supports its entrepreneurs and reinforces its message through live seminars and training events that elevate the skills and knowledge needed to empower each member to success.
The direct selling industry is a worldwide phenomenon, with more than $182 billion in sales logged during 2016, a report by Statista reveals (http://nnw.fm/nDNQ4). Unsurprisingly, wellness products generated a hefty 35 percent of those direct retail sales, with cosmetics and personal care following at 30 percent. Sharing Services is following that trend, as sales in February 2018 topped $1.1 million, buoyed by developments in its health and wellness division (http://nnw.fm/SbKW6).
Sharing Services recently signed a joint venture agreement with Health Wealth & Happiness Limited (“HWH”), a Hong Kong-based company, to deploy the Elepreneurs brand throughout Asia, which is already a leading direct seller market. Statista reports that, in 2016, China, Japan, South Korea and Taiwan generated more than $46 billion in direct retail sales (http://nnw.fm/6Lr0T). The newly formed company will be named ‘Elepreneurs Asia Limited’ and will have marketing and sales rights to China, Hong Kong, Macau, South Korea, Japan, Taiwan, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam and Papua, New Guinea. A soft launch of the Elepreneur program is scheduled for some time later in 2018, with HWH CEP Fai Chan and his team leading the effort.
To learn more about Sharing Services, Inc., visit www.SharingServicesInc.com or call Investor Relations at (714) 203-6717.
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