| Comment Number: | 522418-05521 |
| Received: | 7/1/2006 7:30:48 PM |
| Organization: | The Therapeuo Group |
| Commenter: | Jason Collins |
| State: | HI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern, This proposal is an outrage!! My business affiliated with Quixtar is very important to me and my family. It has become a way of life. The proposal to make prospects wait seven days to register would severely hinder the growth of my business. This type of business is designed to grow fast, and a prospects level of excitement has a lot to play in that. As we all know, most people today have a short attention span, and if they were introduced to the business opportunity, and made an INFORMED decision to get involved, but had to wait seven days, the odds are they would lose interest as their excitement level dropped. On average, we have a 24 to 48 hour window of opportunity to take advantage of their excitement and get their business off the ground. Also, I have had many experiences where propects brought their friends to an Open Meeting where they could see a presentation of the business opportunity and their friends decided to join as well. They, in turn, could register their friends and family immediately and so on and so on. So in a matter of a few days a new IBO could have 5, 10, or even 15 people in their organization within the first week. All of the prospects could be educated thoroughly about the legality of the business, potential income, work ethic required, and reputation of the business in a matter of minutes or even a couple of hours. There are informative web sites available for them to check out as well as a team of experienced IBO's who can answer any question they have. We do not try to hide anything. Why would we. Our goal is long term success. If we are looking to make a business partner for life, why would we lie to them just to have them find out the truth later, on which would destroy our credibility and trust with our team. There is nothing more that they could gain by having to wait a week to get started. As far as the proposal to have to provide a list of references of 10 IBO's in the area, I believe that is unnecessary and a violation of the IBO's privacy who is on the list. I personally would not want to have to talk to every one of all the other IBO's prospects if I were on all of their lists. That would be overwhelming as well as inefficient. That's why we created a couple of informative web sites. Web sites such as www.ibofacts.com and www.thisbiznow.com that provide a vast array of information that lends credibility to our business opportunity as well as answering most questions that a prospect might have. In closing, I would suggest the FTC build a web site that gave information about the history, credibility, legitimacy, and anything else the general public would NEED to know about business opportunities that are out there. I'm sure that the information provided would be more believable coming straight from the FTC rather than individual IBO's. It would also be based on facts, and not opinion. Please do not cripple my business by implementing this proposal. Thank you, Jason Collins