| Comment Number: | 522418-11881 |
| Received: | 7/17/2006 4:18:26 PM |
| Organization: | |
| Commenter: | olajide odelowo |
| State: | IN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am an independent business owner with a business powered by quixtar for a few years. My goal is a substantial side income outside that generated by my present employment. The education received by the support system has been awesome. This is not mandatory, but optional. When I was registered I received enough information to make an informed decision without any pressure.When I register others I provide enough information as well. The opportunity is not a get rich quick scheme, but takes alot of work which the average person is often not willing to do.The oppourtunity is exposed to individuals at a business seminar often at hotels througout the country typically starting at 8.00pm.No obligations are required of the prospect. The prospect spends approximately $51-$150 to register.This includes a minimum registation fee and optional literature, and introductory product pack for the prospect to become familiar with some of the products the company offers.The prospect can easily return products they are not satisfied with and ask for refund of their money. Regarding the requirement to provide references, it would violate the privacy of others and mine as well.Each individual brings different quality of people to have a look at the business opportunity from various backgrounds, some not too desirable.Of couse this depends on individual judgement. A good prospect for someone else may not be a good prospect for me.I find it distasteful that someone I do not even know will now have my name, home address, phone number. To give an example, recently I had a business owner who had a prospect recently who made the decision to register immediatly he saw the opportunity presented to him.Unknown to the business owner,his prospect was involved in credit card fraud, and was trying to use a stolen credit card to register. To think that the prospect could have my personal infromation as a reference is undesirable. At the business seminar where the opportunity is presented,prospects are encouraged to meet business owners from different backgrounds who are involved in the opportunity and ask them questions. The requirement of a 7 day waiting period for registration would slow the rate at which an organization can grow. Most times the prospect does not register after attending the business seminar.Typically the prospect is given information to review and a follow up date is agreed upon when the prospect may or may not register.If the prospect were to register, then growth can then be slowed down if the prospect then has to wait seven days to register several prospectes. Providing a of litigations during the last 10 years puts an undue burden on business owners attempting to expand their own business.