| Comment Number: | 522418-07772 |
| Received: | 7/11/2006 5:21:18 PM |
| Organization: | |
| Commenter: | Boysen |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
RE: Business Opportunity Rule, R511993 To Whom It May Concern: 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 for XanGo and destroy my small business. I have been an independent Distributor for XanGo™ for approximately 1 year and Originally started my Network Marketing career because of the health benefits I received from the product. As I learned more about this type of business I wanted to earn additional money to supplement my retirement and I have grown to depend on this extra income. Please don’t destroy my small business, we need it! I greatly appreciate FTC’s attempt to protect the consumer, but I feel this new rule will only hamper someone’s chances at starting and operating a small business. I understand there are con men out there, but they will continue to operate regardless of this rule. They will simply lie to the consumer and be gone tomorrow, while legitimate direct selling businesses will suffer trying to work within these guidelines. Some of the sections in the proposed rule would make it almost impossible for me to build my business. The proposed waiting period may give the public the idea that there’s something wrong with the product or the XanGo™ business plan, and will reflect badly on me. The seven-day waiting period is unnecessary because XanGo™ already has a 100% total money back guarantee (within the first 30 days), which applies to any new enrollee. The current procedures in place by XanGo™ already insure that no one can ever be hurt financially by the XanGo™ business opportunity. The XanGo™ sales kit only costs $35. People buy TVs, cars, and other more costly items and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep detailed records when I first speak to a prospect and will then send in reports to XanGo™. We XanGo™ distributors operate small home businesses. XanGo™ is designed to allow average people to better themselves and to get ahead. With these new proposed rules, the XanGo™ opportunity would cease to be doable for the average person. The XanGo™ business opportunity was designed to open up the American Dream. The proposed rule change would stifle the initial profit and actually make operating a XanGo™ business less profitable than it currently is under the existing rules and procedures. For a new rule to stifle profit should point out the inadequacy of thought that has generated this new rule proposal. The section of this proposed rule requiring the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser, will overload my business and slow down my progress in attempting to keep or acquire this needed information. It will also increase the time (with the waiting period) in getting interested parties involved in my business.. I would be glad to provide references, but in this day of identity theft, I am very uncomfortable being forced to give out the personal information of individuals to strangers. It is repeatedly drilled into our minds not to give out personal information, especially social security numbers. Some people won't give their SSN to anyone! Requiring this will create a ‘Catch 22' situation. First the government tells people not to give out their personal information due to identity theft, then turns around (with this rule) and tells them they have to release this information to own a small business. The proposed rule R511993 will do nothing to stop these unscrupulous crooks. Because I am a good law abiding citizen the proposed rule R511993 will hurt me. 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. Thank You, Marilyn Boysen