| Comment Number: | 522418-07214 |
| Received: | 7/9/2006 10:24:52 PM |
| Organization: | |
| Commenter: | Henderson |
| State: | MO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Federal Trade Commission/Office of the Secretary, Room H-135 (Annex W) Re: Business Opportunity Rule, R511993 600 Pennsylvania Avenue, NW Washington, DC 20580 RE: Business Opportunity Rule, R511993 Dear Sir or Madam: I am writing this letter because I am concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as a distributor and destroy my small business. I have been an independent distributor for 3 months. Originally, I started my Network Marketing because of the product that I love and wanted to earn some additional money. Now I am doing something that brings me great satisfaction and pride. Being in business for myself has opened so many new doors for me as a person and my personal life has improved as well. My family enjoys the extra income to supplement our budget. Please don’t destroy my small business we need it! Some of the sections in the proposed rule would make it hard or almost impossible for me to sell my product. This seven day waiting period will give the public the idea that there’s something wrong with me or our plan and also reflects badly on me. I also think this seven-day waiting period is unnecessary, because XanGo already has a 100% buyback policy for all products including sales kits purchased by a salesperson. The seven day waiting period would burden everyone involved. The time and effort to reconnect with the busy schedules of everyone involved would be one reason. Another would be, taking the opportunity away from a productive business opportunity while the party is excited and interested and wanting to get started on their own. This is what being a entrepreneur is about, stimulating growth. Xango's sales kit only costs $35.00. People buy TVs, cars, and other items that cost much more than that and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records when I first speak to someone as a prospect and will then have to send in reports to my company. I am a small home business and this burden could destroy my business. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. Women in my organization may be subject to sexual or racial harassment so this part can’t go in at all, unless the FTC passes an addition to this rule. I have seen many scams on the Internet and been approached by many crooks because of my success. This rule will do nothing to stop them. They hurt my business! This rule will not stop Crooks – they violate the current rule all the time. But I am a good American citizen and it will hurt me. Also, sharing names and addresses of existing distributors with a “prospect” would open an organization to being attacked by other businesses. A person from another sales organization who wished to proselytize an existing organization would literally be given the key to the bank….it would be like hiring the fox to protect the hens in a hen house. Why would any person in his/her right mind feel sharing existing contacts and/or customers with their competition was in their best interest? Please insure that any proposed rules will not be detrimental to the incredible volume of sales created by the Direct Selling Industry, a Multi Billion Dollar industry today. To do so would hurt the United States economy tremendously. May I humbly suggest that you or your representative visit the XanGo™ LLC headquarters in Utah and see a company which has the hearts of the American People in their minds, and one that would never place an individual in peril financially. Thank you and please help me. Sincerely, Jan Henderson