| Comment Number: | 522418-04938 |
| Received: | 6/28/2006 9:40:13 PM |
| Organization: | Team with Quixtar |
| Commenter: | Sam Mathers |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have only been an IBO for about 4 months so far, but I have been talking to and meeting people and having so much fun and I have never before talked to anyone really, this has so impressed my wife that I am able to speak with people. I just had a few comments/questions on parts of the rule. Why a 7 day waiting period on registering? we are not registering for weapons here and people can cancel and get their money back so waiting would be sort of pointless. Why provide references? if the individual you are speaking with wants references you can provide them, I personally think this is best handled on a case by case basis, so it is up to the people speaking to determine what is wanted and needed. Why provide information about litigation? no company hands that out, its on record, but no one hands it out, such as gas stations, grocery stores, department stores, any other internet companies etc... disclosing specific earnings is confusing as well, this is a heavily people oriented business, and earnings depend upon how the people shop, they are variable, and there is no "set" or "guaranteed" figure. there is no way to disclose earnings that someone can make, mabey some basic generalizations could be expressed, but then they would underrepresent the earnings. the details would be best left to the parties discussing the issue. the final part that bothers me is that I would have to disclose personal financial information to the customers when discussing the business. This is somewhat like going in for a job interview and asking to see the interviewers tax returns. I guess that showing them that it is possible to make money in the business is fair, but it is like being asked by anyone about your financial information, I already do disclose some of it, in a generalized way, but nothing specific, im sorry, but I do not like talking about my finances, and the people I speak with I do not ask them about their finances.