| Comment Number: | 522418-09532 |
| Received: | 7/14/2006 5:31:50 PM |
| Organization: | |
| Commenter: | Scott Gray |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As a Quixtar Independent Business Owner I would agree that there need to be standardized guide lines for direct selling companies. Although, those guide lines should not penalize the legitimate businesses while trying to weed out the fraudulent ones. The seven day waiting period to register a new IBO would have a detrimental effect not only my business but also on the business of the new person being registered. Imagine opening a business and not being able to work it for a week. How many opportunities will you miss in that first 7 days? Shouldn't the business owner be able to conduct business without this kind of restriction? A simple money back guarantee on registartion fees for a specific time period should be satisfactory. Requiring that the prospect be provided with a list of all litigation for the past 10 years seems a little to much. Wouldn't the prospect be better served by being given information to contact the Better Business Bureau, Chamber of Commerce, etc.? Anyone can make an accusation but that doesn't mean that it has any merit. Having the prospect armed with sound accurate information so they can make an intelligent decision should be the goal. Requiring me as an Independent Business Owner of a private business to divulge private financial information to a prospect I think is wrong. The prospect is not buying any part of my business. They are becoming an Independent Business Owner in their own business. Our corporation provides prospective business owners with information of potential earnings and also the average monthly gross income of an active IBO. The information should be based on a group figure and not an individual person. I would feel that my privacy was violated if my name, address, phone number, etc. were given out to prospects on a reference list. In my business prospects are invited to an open opportunity meeting where they can talk with other business owners. Through this kind of association the prospect can learn about other business owners experiences, ask questions and gain more knowledge so they can make a quality decision. Personal information should not be handed out like flyers. It is necessary to keep the fraudulent businesses out of the market place but not at the expense of the legitimate ones. I hope you will reconsider your porposal and look at what the successful legitimate business models are doing voluntarily to ensure that prospective business owners are armed with enough information to make a decision. Thank you for the opportunity to express my views to you. Sincerely, Scott Gray Quixtar Independent Business Owner