| Comment Number: | 522418-04816 |
| Received: | 6/28/2006 2:04:57 PM |
| Organization: | Matteucci Enterprises |
| Commenter: | Bill Matteucci |
| State: | WA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I registered as an IBO in 1997. I have obtained the Platinum designation & striving towards the Ruby level. The World Wide organization has provided me and my family education and leadership that has greatly benefited us. i.e., Mentorship, higher values, education, leadership, trust worthiness. A prospect will spend approximately $45 to register, $10-20 for publications (optional), $65 Introductory Product pack (optional), $15 misc products (optional). If an IBO decided to quit the business they would be refunded their full registration fee plus any products returned if they so requested. We take prospects through a process that could take up to 5-14 days before we start them through the registration process. After the first presentaion they are given an information system consisting of catalogs and brochures about the products and the business. If they want or need more time we give it to them and answer all questions they have in order for them to make a prudent decision about this business. This gives them time to meet several IBO's and to hear the presentation several times. If there was a waiting period it should start from the first meeting where we discuss this business. At registration the prospect receives the following literature: Referral Brochure, Registration Form, Business Reference Guide, The Independant Business Ownership Plan, Bussiness Support Materials Arbitration Agreement and the IBOBA insurance Program Brochure. If a prospect is registered over the internet these same materials are available to be printed out. My personal information shouldn't be available to anyone without my personal permission. (name, address, phone # etc) Income potential is outlined in our literature we give to all prospects. This is the "Business Overview" and the SA4400. It would be impossible to give every example of income potential from all IBO's. We always explain that the income potential we show them is only an example and it would be up to their work habits and efforts to receive any income. In corporate america if you show up for work and do the work required you will get a pay check. No work, No pay, or no job. If a prospect asks me about my income I will tell them that I have obtained the Platinum level outlined on the "Business Overview". In the corporate work place employees don't have access to what the other employees make. They are given a pay available for the job they are given and the potential that position will pay. My personal income information is my private business. I believe in legislation regulating all industries but be realistic in your requirements. You really need to have regulations for the dietary supplement industry. It's a joke what products are on the shelves and what they state is in various products. I believe Quixtar has done everything needed to outline and run a legitimate business in this industry. They as well as World Wide are great examples for individuals to follow on how to create a good business and set good standards of how to achieve a better life. It's up to the individual to live up to their potential and these companies can only show them the way, not drive them there.