Comment Number: 522418-02243
Received: 6/15/2006 1:47:53 AM
Organization: Xango
Commenter: David Foster
State: IN
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To whom it may concern, My name is David Foster, and I am a business owner. I have been in business for just about 1 year now. I was introduced to direct selling by a friend of mine who was very successful. This business has literally changed my life as well as my childrens and at the rate I am growing will take care of my children for generations to come. If it were not for this business model, a person like me would be stuck in a factory my whole life. Breaking my back and never getting to see my children. I have become a leader in this industry and I would consider myself a high profile individual due to the public speaking that I now do and all the things that I help people with. This business model allows people to actually get back to raising children the way that they were meant to be raised, and that is in a family environment. The family of today, both parents have to work just to get by, and children grow up either with a babysitter, or no guidence at all, which I believe is the fall of the "family values". With this business, families can once again sit at the dinner table and enjoy eachothers company and encourage kids to excel and watch their school activities. I am not saying that I do not appreciate what you are doing, because it is great. I am glad that you are standing up for us as consumers to protect us against fraud, but that really hurts the genuine honest businesses out here that are truly doing exactly what they claim, and helping peoples lives change for the better in more ways than just financially. The 7 day waiting period will really affect this business model. I have many satisfied customers that want my product and opportunity, but in having to wait 7 days, it's almost going to be like we have to slander or own business, because that will cause your average person to question our legitimacy. This really causes delays that are just not needed. It's really no different than if you go in to buy a prescription and you get it right away when there is information on the label that sayys it may have side effects that can go so far as to kill us, but there is no waiting there to read anything...they just wrap it up and send you home. Over 100,000 people die each year due to CORRECTLY subscribed drugs, and direct selling has never killed anyone. People should be more concerned with that. Look at how unethical car sales are. No one is setting any guidelines there to stop these dealerships from making $5000 per car. To me it's no different. I wish that you would not pick on this industry because a few bad seeds made false claims. I agree there should be standards, and you should actively seek out those that don't follow your standards of business. The company that I work with is one of integrity and honesty with each and every distributor. I can totally understand the earnings claim. People should just never claim to make any amount of money. I never tell anyone that they WILL make a certain amount. There are companies that do, and those are the ones that should be seeked out. Now about the Reference rule...that is very impractical in ths industry because that goes agains the right to privacy and the companies policy to protect it, because the only way we as distributors could even know this in most cases would be to call corporate and have them disclose private information to us. That could in turn cause ID theft and then the problem actually becomes worse. It is also unfair in my opinion to remove the $500 Business threshhold, because Xango as it stands right now affords almost everyone the chance at starting their own business and changing their lives. All illiminating that will do is re-create a class of people that could otherwise at least have a chance at success in business and in life. Thanks for listening. With respect, David D. Foster