| Comment Number: | 522418-04865 |
| Received: | 6/28/2006 4:46:34 PM |
| Organization: | Pef International |
| Commenter: | Severin Pefoubou |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO for now going 4 years and knew since the beginning based on the information I received through the selection process that it was going to require hard work and that this was not going to be a get-rich-quick thing. Every body knows and will agree with me that something worthwhile does not come overnight. As an IBO the first goal I had was to get out of debt, which I am on the path of accomplishing because I had two huge payments on two cars, and today I have none, I had several credit cards, and today I have none. The benefit non-income related or intangibles are more important to me because I am already a very successful person in my professional life, and all I am looking for are choices or the freedom to do what I choose to do in life. When I sponsor someone I always make sure they understand that this is not a get rich quick, and to be honest the people that actually take too long to research the business never make it, and either don’t start or quit down the road. The requirement of a 7-day waiting period: The way I see it, being a believer, if someone has a strong reason why or dream and is excited about the opportunity today, they will be tomorrow, or in one week, or in one month, or all their life. This waiting period provides no benefit to the IBO, on the contrary, people with weak dreams or goals may fade away under the negative pressure of the media, or friends and family. An IBO spending money to present the information to a prospect may end up with a loss if that prospect decides otherwise after all I have said above. The selection is done in three steps: The first one is a 15 minutes seat down, after which the prospect has from 2 days to do his research before the second step, 1 hour presentation after which the prospect has again from 2 days to do additional research and the decision is made only at the third and final step. The prospect does not even register at that step but in another 48 hours to 72 hours. Most of the registration is done online, and I present the Authorization and agreement, make sure they have read and understood it before they check mark each areas, or sign the registration form. The requirement to provide references is even close to impossible because I do not have access to this information Requirement to provide a "Litigation List" is unnecessary, because the prospect can do their own research on the web. The requirement for specific earnings disclosures is a joke because the privacy prohibits access to this information. The requirement for financial substantiation, for the same reasons dsclosed above is impossible. They way I see things, this is like a child before he/she comes out at birth ask their mom, to guarantee that they will make it or live a certain time, or become whatever they want to become before the will decide to be born. What I am coming to is this: LIFE LIKE BUSINESS IS A RISK!!! Only those that take the risk make it!!!! This may sound harsh, but it is REAL. Best Regards