SHRG - Sharing Services Global Corporation's (SHRG) Blue Ocean Strategy Achieves Success Drives Record Sales
- SHRG has generated $129 million in cumulative sales since its launch of own products; company revenue reached $35.4 million in Q1 2019, more than double sales from prior year
- ‘Blue Ocean Strategy’ is the unique and successful method for SHRG’s Elepreneur independent distributors to sell the company’s line of proprietary health and wellness products
- SHRG has global expansion plans to implement through 2019, according to John “JT” Thatch, CEO
Sharing Services Global Corporation (OTCQB: SHRG) has gained momentum in its record sales by employing its Blue Ocean Strategy, a unique and successful method of selling its proprietary product line through its Elepreneur independent distributors. Since the company’s own line of health and wellness products was introduced in December 2017, SHRG has reported cumulative sales of greater than $129 million. For Q1 2019, the three months ending July 31, Sharing Services reached revenues of $35.4 million, more than double that of the comparable period in 2018 (http://nnw.fm/6wTn8).
The company’s deliberate approach stems from the book Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne. The Blue Ocean Strategy is a systematic approach to selling that renders the competition irrelevant by creating and operating in an uncontested market space. The approach also calls for...
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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