|Received:||7/13/2006 10:10:08 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am an IBO with Quixtar.com. I think it would be a good idea to shut down illeagal scams disguising themselves as business opportunities. scams make people skeptical and sometimes people won't even look at another opportunity because of a bad experience they had with a bogus company in the past. However, I think that the regulations that the proposed FTC act suggests are not needed. I personally would not want other IBOs prospects calling me, or for them to have my phone number or other information. I don't see how that would stop a scam because the scammer could just get 10 people to go along with their scam and then the scam would be more believable to the prospect. I don't think there needs to be a 7 day waiting period. I think that if someone is ambitious and they want to get going right away they should be able to do that while they the most excited. It builds belief with people when someone has fast growth right after getting started, and it motivates other IBOs to take action. A 7 day waiting period would only slow us down. And, if for some reason after 7 days, an IBO changes their mind, they can get their money back anyway. I don't think prospects need to know all the specifics as far as if we have been sued or how much money we are making. I don't know of any other company that is required to tell its employees its legal history. Does the FTC have to tell its employees how many people have sued them? I also don't know of any major corporation that hasn't been sued over something. We live in a society where lawyers advertise that they can get you money if you feel you have been treated unfairly, and some people buy into it and try to come up with something they can use just so they can get money. I think being required to tell people how much money you are making will do 2 things. 1 if you aren't making that much it will limit people in thinking they can make more than you. and 2 if you are making a lot, some people won't believe you and think you are trying to scam them. I don't see how it would eliminate scams if people knew how much we were making. it would only slow down our success. I don't think a waiting period and a bunch of information is going to help people, i think the majority of people don't even read that stuff anyway. I think what would help eliminate scams is requiring a 100 percent money back guarantee within a certain time frame of getting started, a requirement to let people know that they will not get paid without doing work, and a requirement to let people know that there are no guarantees as far as income.