| Comment Number: | 522418-09956 |
| Received: | 7/15/2006 2:18:50 PM |
| Organization: | Xango |
| Commenter: | Ken Lukes |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I highly respect the function of the FTC in its efforts to seek out, recognize and stop fraudulent business opportunities. I am concerned however in this current effort to apply the degree of scrutiny as described in CFR Citation: 16 CFR Part 437. I feel the misrepresentation by a few should not burden the masses. I have my own traditional business in the recycling arena and also enjoy Network Marketing in an effort to help other people that can not afford to start a traditional business, to have the opportunity to do something part/full time, and be able to generate however much income they want based strictly on their own efforts. Network Marketing is a very cost effective way for the masses to start and operate a legitimate business for a very minimal cost ( I joined Xango for $29.00 and received a considerable amount of information on the Company, it's business practices, product information, distributor rules and regulations.....etc). I only wish my Traditional business cost $29.00 to start ! The seven (7) day waiting period as proposed would certainly create an inconvenience and would most definitely chill ones enthusiasm to participate in a new venture. When I saw the Xango Opportunity and what the product could do for myself and someone else, it just made business sense to me and I wanted to get started right away. If I would have waited seven days to get started, I probably would have had some other distraction from my traditional business take my focus off of this opportunity. What I found with Network Marketing is, You can start your business in Cleveland, OH (in my case) and it can spread to another state (Colorado) overnight because someone else in your Up or Downline, you don't even know, sponsored them into the business. ( Amazing ). If I want to do business in another state with my recycling business, I have to initiate and follow through with the entire process. That can take Month's and extreme monetary expense. I feel providing references is not a necessity in Networking or Traditional business. It is the individual's effort and responsibility to create and make the business successful. Just because 5, 6, 10+ other people in my geographical area did or are doing this, is not going to make me successful or fail. I control that. From an earnings claim, Earnings statements from someone else have always meant nothing to me. What I do or don't do with my opportunity, is my responsibility. That's why I am in business for myself. If I am successful, GREAT. If I fail, I blame myself. From a legal standpoint, I do not know of any business ( Network or Traditional type ) that would or should disclosure any and all legal actions (positive or negative) that have occurred over a previous day, month, year, 10 year, 20+ year period. First of all, there is probably Confidential, Secret...etc., positive and or negative information that cannot and definitely should not be made public, especially if a competitor were to obtain it. In Networking the positives and negatives are addressed with the new person so they know the good and the pitfalls on the way to success. I wish I would have had a mentor for my traditional business. Everyone I teach knows the facts about what they are about to do, ahead of time. I am not in the business to teach people to fail. Cancellations and Refunds. Same thing applies here. What someone else is doing or did over the past 2,3,10, even 20+ years has no bearing on what I am about to do. Everyone's goals, and they will be totally different from one person to the next, is their choice ( short-term or long-term ). I am upfront with everyone I work with. They know it is not a FREE LUNCH ! Business is Business ! If you don't want to take a chance and aren't willing to work, don't start a business. Thank you for allowing these comments. Please consider the negative effect this proposal will create for the Networking Industry.