| Comment Number: | 522418-05147 |
| Received: | 6/29/2006 8:09:52 PM |
| Organization: | Holleman Unlimited/World Wide Group |
| Commenter: | Jason Holleman |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear FTC, I would like to comment on the propsed regulations put on Independent Business Owners (IBO) like my wife and I. We have been in Quixtar for a little over a year now and we have made $22,000. We plan on making more in the future, but more important is our association with our upline sponsors and our downline. We are blessed to be in a positive and nuturing envioronment. When we first registered, we weren't pressured to get involved and were given a plethora of information to better help us with our decision. Just like our sign up process, we make sure that all the people we sponsor have a great deal of information to make an educated choice for themselves. We always makes sure to tell them it isn't a get rich program and they will need to work for their business, but we are here to help them. To get any IBO started, it costs less than $200 and we always let them know that if they suddenly feel that they don't want to do it anymore, it's a 100% money back guarantee. We don't get anything for signing people up, so why should we bother to twist thier arms? The following addresses certain issues we do not feel would benefit our family and would hinder our business: 1) The 7-day waiting period Many of the people we show the business plan to get excited. If they were required to wait, thier excitement would wear off. Most the time they want to get started right away, but we make them hold off about 2-3 days to make sure they have all the information they need to make that decision. This would not only hurt our business, but it would hinder new IBOs from introducing the concept to thier friends and family members who would want to get involved. 2) Requirement to provide references This requirement would break all the rules of personal privacy. If a doctors office, under HIPPA, is not allowed to give out personal information, why should our personal data be given to strangers through this business? Beside that, we work with some wonderful people whom I enjoy and like to be in business with. If I had to provide someone with references, there is nothing stopping a prospect from signing up with someone else instead. You would never ask an owner of Circuit City to provide 10 other stores that carry the same products and make thier information available to substantiate their business, so why do that to us? The people and prospects we work with have many opportunities to meet and talk to others in the business without references. 3) Requirement for Financial Substantiation This again invades my privacy. There are many corporations and banks that have access to my personal financial records, but it should not be available and open to the public. If someone needs or wants me to show them how much I've earned, I would be happy to show them at thier request, but it should not be required by the government. We are open with how much we make, but again you wouldn't expect the owner of Borders to show income to patrons or anyone else in the public, why should we be any different? We appreciate you taking the time to look at our comments. We understand why this is a project of yours, but please be aware of how many peoples lives, finances, and futures you will be affecting.