| Comment Number: | 522418-06833 |
| Received: | 7/7/2006 4:48:44 PM |
| Organization: | CTS Marketing |
| Commenter: | Chad Said |
| State: | IA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am a direct seller that uses the LTD Knowledge base, my mentors encourage me and others to be up front with our prospects. We explain that we offer a 6 month money back guarentee for those who decide they no longer want to do the business. We provide a level playing field for all involved in our business and use a "team" concept to build and encourage each other. If the FTC forces us to change things such as a 7 day waiting period to get started, provide a list of 10 IBO references, disclosing income information for every IBO, will slow our business substancially. We have nothing to hide and provide much of the information the FTC is proposing on our site, we also show our prospects how to find everything on the site upon reaching the follow up portion of getting started. Business rules and regulations are also made available to each and every IBO in our organization. We hold weekly open meeting to provide details of the business to our prospects and give them to opportunity to meet the people in our business that are doing well and making the income that we talk to them about, many of which are our mentors that help us build our businesses. We are also provided checks on a monthly basis that many of us make a copy of to show to our prospects to show them that the money we talk about is real. We offer a mentorship like no other groups I have ever been affilliated with and a business team second to none. The mentors in this business are constantly there helping me improve myself as a person, father, and business man. I understand there are some businesses that do not practice ethics and morals as we do, but grouping all businesses such as ours into the same catergory is not a fair practice either. My wife and I have been taken advantage of before in the National Audit Defense Network scam and were financially devistated so I understand the need to shut down business practices like that and I pray that the FTC is able to do such things. I do not feel the direct sellers in our business association are anywhere near in that kind of catergory. I ask that the FTC take our concerns into concideration when deciding on the future rules and regulations they plan to enact.