| Comment Number: | 522418-05027 |
| Received: | 6/29/2006 10:42:52 AM |
| Organization: | Xango |
| Commenter: | Thomas Crane |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been involved in Direct Selling opportunitys in the past and now I beleive that my distributorship in Xango is one that will help me to make my goal. I have been in Xango for 1 Year. A friend called me to tell me about Xango and I became a Distributor that Night. This Direct selling Business is going to be the vehicale that contributes to my income for retirement. I also have improved my ability to interact with people and speak in front of groups. I appreciate FTC's Priorities on consumer Protection, but am concerned what this will do to legitimate selling companies. I understand there are fraudulent groups out there, but this rule targets,unfairly, legitimate direct selling businesses. The seven day waiting period cast a negitive light on direct selling plans. This also will cause huge administrative problems and record keeping that adds cost to doing business not to mention delays. This would be impractical. The elimination of the $500 business threshold will force the majority of direct selling companies to abide with provisions that are more with businesses that require a larger investment than a direct selling sales kit. The litigation reporting is unfair because it does not distinguish between winning and losing lawsuits. I think it would be hard to collect information regarding earning claims. This will cause the bad people to not provide accurate information, while the good companies will. Trying to provide references of 10 of the nearest existing sales people would be impractical. This would interfear with information that should not keep privacy and safty and could be subject to corporarte liabilty for ID theft.