| Comment Number: | 522418-05805 |
| Received: | 7/3/2006 4:39:23 PM |
| Organization: | World Wide Group Powered By Quixtar |
| Commenter: | Gary Miller |
| State: | ID |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Although I agree that "bogus scheme" businesses do hurt the reputation of legitimate Business, I also agree that some of the proposed declarations IBO's would be required to make would not only cause undue slowdowns to business building, but are also intrusive. There are those situations where income disclosure, for instance, can turn a prospect off. "That's all I can make?!... That's nowhere near enough!!". Or "There's no way I can ever hope to make that kind of money". The SA-4400 does quite a thorough job of covering these issues, without IBOs having to disclose personal business income information to prospects. Also, things like Litigation Records, are just that, Public Record. There shouldn't be such a restrictive requirement for IBO's to be forced to disclose such things. If a prospect is really interested, the IBO can tell them where to look it up, but it shouldn't be up to the IBO to furnish such information. I can also see where providing a list of local IBOs can be a problem. Not only the fact that I don't personally know any IBOs in the area, but you also have those unscrupulous people that might say stuff like "Oh you don't want to go with them bla, bla,bla...Come & do business with us." Waiting seven days to make a decision is just too long in this day & age. As fast as things have the potential of moving & growing these days, a really on fire new IBO can have about 10 people signed up in his business by then, either as IBO's, Prosumers, or Clients. A seven day wait can knock the wind out of a person like that's sails. There is just too much growth potential out there to slow things down like that. I thank you very much for allowing me to give my input on these issues. I sincerely hope it helps, and that the FTC is able to see where improvements need to be made to this proposal. Sincerely, Gary L. Miller