Comment Number: 522418-04888
Received: 6/28/2006 5:40:22 PM
Organization: FX Development Group
Commenter: Matt Haas
State: AR
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been an IBO since I graduated college in 1998. I went on to get an MBA in Finance but the education I have received in this business far outweighs my formal education. I have learned about people, business, lifestyle, and priorities. I have become a better person because of the principles this business is built on. My current goal is to replace both my wife's income and my income before we start a family, so that we can raise our kids together and not be tied to a job. When I registered, I feel that I had all of the necessary information to make an educated decision. We encourage people to educate themselves by reading the literature and listening to the audios that we let them borrow. They understand that our business is a business that rewards effort and, if they do nothing, they will make nothing. It costs less than $200 for someone to register with an intro pack. Of course, all the products have a 100% money-back guarantee so there is very little risk. I believe that a 7-day waiting period is totally unnecessary. Someone can review all the information they need to make an educated decision in 1 day if they want to. Our business is built on showing a new IBO results ASAP and if they have to wait 7 days for every prospect to register, it would decrease the excitement of starting their new business or trying to hit a month-end goal. If there was a lot of money at stake or if our business was complicated to understand, I could see the need for it. But since there is no risk, people can change their minds if they felt misled for any reason. As far as a new prospect contacting 10 other IBOs is concerned, this would be a disaster. You would have people calling people in different organizations who might build the business differently (as far as strategy) and would get different answers, causing confusion and skepticism. You would also have the potential for someone to try to "steal" a prospect by talking them into joining a different line of sponsorship. I would not want someone else's prospect to call me becuase it is none of my business. Also, I feel it would violate my privacy if my information was given to a stranger. If a new prospect wants to meet other IBOs, we invite them to a workshop, where they can learn more and meet other people in the business. This works great. The Litigation List seems irrelevant since about every major corporation in the country has to fight legal issues. What other people have done should not have an effect on how I run my business. I don't have any control over those litigations and should not have to defend something that I was not a part of. We share the average income of active IBOs as well as the average income made at the different levels in the business. There should not be a need to prove "averages". I do not disclose my personal income but, if I did, then I wouldn't mind proving it, but all we discuss are averages. This opportunity is the highest reward for the least amount of risk that I have ever seen. While the best aspect of the business is "Anyone can participate", sometimes the worst aspect is "Anyone can participate", meaning that some people do ignorant things that give our business a bad reputation. We do not have any control over those people and cannot stop them from joining. Therefore, there will always be stories of people who try to cheat the system, even though this is the fairest plan and system out there. Please do not penalize the people who desire to build a business with good old-fashioned hard work and "sweat equity". We desire to help people with the same opportunity we were given and to communicate to them how it has changed our life. We live in the greatest country in the world because of the freedoms we enjoy and the priciples we live by. This business offers financial freedom to those willing to invest their time and energy. Please allow us to continue to pursue the American Dream in a moral, legal, and ethical way.