| Comment Number: | 522418-05836 |
| Received: | 7/3/2006 7:38:00 PM |
| Organization: | Neways International |
| Commenter: | Sarah DiGirolamo |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern, I am concerned about the proposed Business Opportunity Rule R511993. I believe that in it's present form, it could destroy my business as a Neways distributor. I am 67 years old and trying to build my business so that I can retire - otherwise - I will have to sell my condo and plunge immediately into volunteer poverty. The only cost to become a Neways distributor is to purchase a Starter Kit for $25 plus $10 shipping and handling. It's hard enough to convince people that our business is simple and above- board because of all the scams out there and to put undue burdens on the signing up process (like waiting 7 days) will give the impression that there is something wrong with us or that we are going to investigate them and all the extra paper work and red tape would most likely kill the transaction right there. Neways has been in business for almost 20 years, is in 42 countries and is the only company in the world endorsed by the Cancer Prevention Coalition. Please don't put us out of business by making it to impossible to recruit already sceptical prospects. The restrictions you are proposing - like requiring that I give each prospect the contact information of the 10 most recent purchasers would destroy my business with that stipulation alone - I don't even have 10 people in my organization yet to give out the names and addresses and phone numbers for. Anyway, how many people are going to want to sign up if they know I'll have to give out their personal information.. My prospects will just throw up their hands and say - it's not worth all that! Instead of requiring that all new enrollees be told about any lawsuits against the company - could you require instead that we suggest they check the BBB or some other reporting organization? People sue for anything they can think of and even if a company is not guilty of the charges it can still put a company in a bad light just becasue they were charged with something. I can see this rule causing companies to sue each other for competetive reasons. I know that there are a lot of fraudulant offers out there and I actually appreciate your trying to do something about that becasue their activities have created so much scepticism of our offers but please don't ruin legitimate companies because of the bad ones. To use an old cliche - please don't throw the baby out with the bath water. Please try to think of a way to stop them without hurting America's honest entrepreneurs. I pray that God will guide your decisions and give you the wisdom to figure out what to do. Sincerely, Sarah Digirolamo