JR Ridinger is Market America/SHOP.com’s founder, chairman and CEO. The New Jersey native founded the company in 1992. The company now has operations in 9 countries and annual sales of over $1 billion. The Market America CEO always believed in putting people first. His fells by building their own company, changing the economic paradigm and the way people shop, anyone can attain financial independence.
As early as the mid-1980s, when computers were still rarely used in business, Ridinger predicted everyone would eventually own a computer and be able to shop for the things they need without leaving their homes. He also foresaw a world in which consumers’ collective buying power would drive the market.
Ridinger’s the goal was to create a business model that was lucrative, realistic and rewards both entrepreneurs and consumers for turning their spending into earning using SHOP.COM’s 80 million products and the company’s exclusive brands. That model is now driven by the company’s revolutionary Shopping Annuity® system. With each entrepreneur having their own SHOP.COM website, they are now connected to consumers economically.
Market America/SHOP.COM is using their referral tracking system to change the way people shop. The company has generated more than $3.5 billion in profits and commissions and in excess of $6.4 billion in retail sales and created hundreds of millionaires. The company has indeed changed the world.
Today, the Market America CEO, Ridinger lives in Miami Beach and spends time with his wife, daughters and grandchildren in New York during the summer.
Market America CEO JR Ridinger recently sat down with the Triad Business Journalto discuss how his company managed to rise from humble beginnings to the billion dollar industry it has become in and of itself today.
As a retail and online marketing company, Market America had a rough beginning in the early 90s. When the company was first founded, it only had a handful of employees working around the clock to help the business thrive. In reality, the only asset the company had was the belief in it that each employee brought to the firm. Remarkably, that faith managed to help Market America overcome its early struggles to become an incredibly successful firm today.
Interestingly, Market America CEO JR Ridinger has recently made several changes to the company’s hierarchy, with his brother-in-law being named the president and chief operating officer, and his other brother-in-law being similarly named the president and chief operating officer of their site, SHOP.COM.
According to Ridinger, these shifts represent a broader plan for the company as a whole. Since the company began as a close-knit family, it only makes sense that the succession plan would incorporate familial elements throughout each facet of Market America as a whole. It will be interesting to see what the future holds for Market America, as its employees and operating officers continue to bring their enthusiastic spirit to every component of their ventures.