| Comment Number: | 522418-11504 |
| Received: | 7/17/2006 12:32:07 PM |
| Organization: | Independent Representative - Xango |
| Commenter: | Carrye Wiliams |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir, Being able to start a business with a modest investment has been and remains a wonder for me. Since the mid 80's when I was introduced to Shaklee and MLM, I had heard of neither but fell in love with both. While I did not make any serious money with Shaklee, I continued to use the product for years even after giving up on the business. Over the years there would be a few more - E.TV, Ethnic Expressions, ACN and finally Xango. E.TV and ACN did not work for me. Actually, my experience with E.TV nearly closed the door on this industry but thank God, I learned of Ethnic Expressions, a 10 year old company with excellent products and track record. The lesson learned was NOT to give up on the industry but to keep looking until I found a match, which I have with Xango. I became a distributor in August 2004 and look to have a successful career with this company. I did my due diligence with E.TV. The product and services were good but shortly after I joined they changed their marketing strategies. I was truly upset and disappointed but in retrospect I think they had very little MLM experience and the infrastructure just was not there to handle their massive growth. It's hard enough to start a home business, i.e. learning the product(s)/service(s) and the marketing strategies of the company all while still keeping up with the other life obligations and working a job without complying with governmental guidelines which will slow down or probably halt the growth of the business. People seek to develop a home business to supplement their income, pay off bills, start a college fund, prepare for retirement, etc. In essence we are working full and part-time to make ends meet or get a little ahead. Having to do these kinds of recordkeeping would be disastrous and really would not make the business worth the effort. Perhaps corporations should have these kinds of procedures, as well. Certainly, they would have the manpower to process the paperwork, and resources to sustain a 7-day purchase period. I learned years ago that a business has to have a product and/or service to be legitimate. Whenever anyone approached me about an opportunity, I would always inquire about the product/service. If there is none, I don't get involved and warn them not to, as well. They don't listen. Later, I hear about the losses. I read about people losing sizeable amounts of money and wonder how it happens. Perhaps, they are out to make a quick buck, want something for nothing or don't want to work for it, don’t do their own due diligence or rely too much on someone else's advice. These lessons are painful and costly but ultimately, we are responsible for our decisions. We all make bad financial decisions none are more costly than others. Basically it's all relative. It's a lot to the person, regardless. I love this industry because it is one of nurturing. We HAVE to be willing to learn and then WILLING to help others reach their goals. What a great feeling it is to be a part of someone's success!! There is no growth limit in this industry -financially or professionally. Usually, personal and professional growth precedes the financial, oddly enough. The weight of a successful business, home or otherwise, lies on the owner and his/her willingness to make a long-term commitment to the business, personal/professional growth, learning the how to's, etc. I've recently learned that we should be able to make money regardless of the business choice. It’s also about having the proper attitude. I can attest to that, too. There are tons of legitimate companies with really great products to bring to market. There are millions of people, myself included, looking to make a decent living on a part-time basis by promoting these products. Please let the enterprise system I've come to love and enjoy continue unencumbered. Thank you for your consideration. Thank you. Carrye Williams