- Report notes that the global direct-selling establishments market is expected to close the year out at a compound annual growth rate (“CAGR”) of 3.8%
- The need for additional income opportunities has been a driving factor in the direct-selling establishments market
- SHRG is committed to stay ahead of marketplace trends, fulfill needs, create sustainable enterprise growth and consistently increase shareholder value
In a market forecast to grow an estimated $20 billion this year alone (https://ibn.fm/tijsB), Sharing Services Global (OTCQB: SHRG) distinguishes itself in the direct-sales space by focusing on a mission to increase shareholder value by adhering to standards of excellence that optimize the value of the people involved, supply chain, and channel of distribution, achieving optimal customer satisfaction through every subsidiary and partnership interest (https://ibn.fm/enZPD).
“The global direct-selling establishments market is expected to grow from $449.79 billion in 2021 to $466.73 billion in 2022 at a compound annual growth rate (‘CAGR’) of 3.8%,” reported a recent ResarchandMarketing.com release. “The market is expected to grow to $510.39 billion in 2026 at a compound annual growth rate (‘CAGR’) of 2.3%.
“The direct-selling establishments market consists of sales goods and services by entities (organizations, sole traders and partnerships) that are engaged in nonstore retailing of merchandise except e-commerce, mail-order and vending machine sales,” the report continued. “The entities operating in this industry go to the customer’s location rather than the customer coming to them, such as door-to-door sales. The main types of direct-selling establishments are single-level marketing and multilevel marketing. Single-level marketing refers to direct sales carried out by sales associates. The various products include wellness, services, home and family care, personal care, clothing and accessories, leisure and education, and other products having the price range of premium, mid-range, and economy.”
The report observes that the need for additional income opportunities has been a driving factor in the direct-selling establishments market. “Direct selling could be a viable income source, even if someone wants to do it part-time,” the report stated. “Direct selling in long-term promotes self-employment and financial independence.”
SHRG is committed to stay ahead of marketplace trends, fulfill needs, create sustainable enterprise growth and consistently increase shareholder value. This company vision has led Sharing Services to maximize shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries.
Currently the company has some form of controlling interest in several enterprises: My Travel Ventures(TM), which makes it easy to plan, book and save on travel adventures near and far; MojiLife, which offers a flagship product to scent homes and vehicles that features the latest in innovative technology and design (https://ibn.fm/1hbyY); and the Happy Co., which offers functional beverages, capsules, patches, and creams that elevate mood, boost energy, reduce stress, enhance sleep, increase muscles, minimize fat, tighten skin, and make users look, feel and perform like a younger person (https://ibn.fm/4xuNN).
The company’s combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors.
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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