|Received:||7/17/2006 3:11:44 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My husband and I have been an IBO(independent business owner) since 1999. We have been able to earn additional income and are planning to replace my income in the next couple years. We feel that this is a business that people can work, alongside their regular job or profession. Not only does this business provide an opportunity to earn additional income, it also builds the person so he can believe in himself. We believe that when a person is empowered, he can add value to the nation and to the world; when a person is enabled to take advantage of the system, he gets, but does not give back or contribute to mankind. Therefore , he does not grow and neither does the nation. . When we became IBO's, we received adequate information and we provide prospects we the same information. We stress to them that it is not a" get rich quick " plan, that it does take hard work , and that there are no guarantees of success. We provide them with a sales and marketing plan, (printed by Quixtar), that gives a review of the business plan. We do feel that your proposal, for a 7 day waiting period before they can register as an IBO, would be burdensome and would slow the growth of our business. We do not feel that giving them a list of references,(contact information for 10 other IBO's) would be fair to the person who did the initial presentation. We also feel that we should not need to disclose past litigation and financial records. We have the review of the sales and marketing plan that verifies the income, as noted by Quixtar. We recommend that the rule create a level playing field, by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. We also recommend a reasonable cancellation policy. We recommend that the rule should not require a 7 day waiting period before a prospect can register as an IBO. We do recommend that an IBO not have the burden to disclosure past litigation or disclosure of financial records. Thanks you for your time.