| Comment Number: | 522418-05535 |
| Received: | 7/1/2006 9:16:14 PM |
| Organization: | World Wide Dreambuilders |
| Commenter: | Ron Williams |
| State: | WA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My name is Ron Williams and I've been an IBO with the Amway/Quixtar organization since 1993.I've achieved the Ruby level making mabout 4,000 monthly. My next goal is Diamond. The quixtar model has enhanced every area of my life as I'm around people who genuinly care about me and this has become my lifestyle to go out and benifit others. When I registered in 1993 I personally recieved ample information to make an informed decision about the benifits verses the price and I relay that same information to others before I register them. I let them know up front that this is not a get rick quick scheme and that they are going to have to work hard. It cost about $138.00 to register and $65.00 of that is product and if they are not satisfied the can get a refund. I think that the FCC beginning to regulate our industry is great but their are a few concerns on certain aspects that I have.One of them is the 7 day waiting rule. I personally don't see any benifit to it as we take ample time and disclose more than ample information within that time frame.Our buisness model is built on 2 things excitement and simplicity. If we have to wait 7 days to register a new person and then give them materials to deter from that excitement such as any and all litigation for the last 10 years, references of other IBO's and personal income statements beyond what we already give them about averages that would be too overwhelming and intimidating for the newest person getting registered, especially if thats what we're going to intern ask them to do with the friends and family that they would register out of the shoots. It would bog down the whole process and make it into something it's not, Business as usual. We are the bench mark when it comes to networking businesses, as you already know and we have had to do things that no other company has had to do. We also police our own as far as any unethical behavior in any line of sponsorship , so I'd ask that you eliminate the 7 day rule as it will not benifit anybody, eliminate the requirement to provide a litigation list as it doesn't substantiate anything and will be a huge deterent. What multibillion dollar company doesn't have some litigations going one but it doesn't get brought up to a new person before they are hired, besides if a potential prospect is looking for the negative they don't need your help all they have to do is go to the internet and do a search. Eliminate the income disclosure as we already have the average IBO making $115.00 on our FTC approved WSA4400. If someone asks me how well am I doing I'll tell them. I think this is a direct invasion of privacy. That should have been done with Enron etc,,, Emagine if every CEO had to make income disclosures to their employees. In summary I think what you guyes are doing is great by making the rest of the industry conform to what we have been doing for decades, but don't change it from free enterprise to business as usual. Use our documents as the guidelines and you'll do just fine. Hope this helps. Ron Williams.