Wednesday, August 1, 2018

Sharing Services, Inc. (SHRV) Eyes Expansion into High-Demand Global Markets

  • Announced plans to expand internationally to Australia and New Zealand
  • Leveraging home-based sales representatives through services and products
  • Revenue records set in 2018 set company goals for continued potential growth
The direct selling industry is growing, and Sharing Services, Inc. (OTC: SHRV) plans to leverage its home-based independent sales representatives in targeting an international customer base. Headquartered in Plano, Texas, this diversified holding company owns, operates or controls an interest in a variety of businesses specializing in the direct selling industry. The company offers services ranging from health and wellness, energy and technology to insurance services, training, media and travel benefits, and it sells directly to consumers through independent representatives that it calls ‘Elevated Entrepreneurs’, coined Elepreneurs. Through its services, Sharing Services aims to elevate the home-based entrepreneur in support of direct-selling programs.
In June, the company announced that its wholly owned subsidiary, Elevacity Global, LLC, will launch its product line in Australia and New Zealand. The first steps from a legal and compliance standpoint have already been initiated, and plans to complete the process in 2018 in order to fulfill consumer demand are being expedited. In a news release, SHRV Chairman Robert Oblon stated, “I am confident that the team of professionals we are working with in Australia and New Zealand will successfully launch our products. We are pleased to continue our ‘Blue Ocean Strategy’ philosophy on the other side of the globe.” This first launch is part of a broader expansion strategy that will continue worldwide (http://nnw.fm/xIs9t).
The company has been setting revenue records in 2018. March saw $2.4 million in gross sales, doubling SHRV’s volume for February. In April, the company reported record revenue of more than $3.5 million. These record sales are attributed to customer satisfaction, quality products and the Elepreneurs’ ability to execute Sharing Services’ Blue Ocean Strategy. The company continues to look to the future, pursuing expansion, accommodating growth and bringing on experienced talent.
For more information, visit the company’s website at www.SharingServicesInc.com
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