Comment Number: 522418-06927
Received: 7/8/2006 12:22:08 AM
Organization: Quixtar/IBO
Commenter: Douglas Burton
State: TX
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

Being involved in a highly ethical business (Independent Business Owner linked to Quixar), I believe that facts should be clear (itemized) on what a prospect will be paying for and the potential gains. I fully support honest and ethical practices in busness that take no advantage of a prospect. A bonus progam that only pays for growth in products/services and not based on head count. Practices that are based on the basic business principle of product/services exchanged for money to the benefit of both parties. I recommend requiring: 1. Clear and standard upfront disclosure that is used by everyone interviewing prospects. Prospect signature required on paper that is a filed legal document . (It's too easy to overcome the signature with a computer.) Disclosure should include required fees for registering, publications, inventory, training and any elective costs for entry into the business. Should contain details of the basic bonus program and what constitutes the requirements for bonus. It should define how others will benefit directly/immediately from the prospects registering. The disclosure should be written in such a manner that it is easily understand by the average citizen with no "fine print." 2. Cancellation policy that allows the prospect to cancel with full refund within 7 days after registering. 3. No waiting for registration (not needed with a seven day cancellation policy). 4. No other disclosures. 5. Should be clear in the disclosure that the business is based on a product that is tangible and commercially valid. Products and services exchanged in methods readily recognized as a basic business exchange of money for a product or service for profit and the benefit of both parties. Thanks for considering my comments, D. Burton