| Comment Number: | 522418-03291 |
| Received: | 6/19/2006 12:52:54 AM |
| Organization: | XanGo |
| Commenter: | Judy Wood |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
RE: Business Opportunity Rule, R511993 Dear Sir or Madam: I am writing this letter because I am concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as a business developer with XanGO and greatly hinder or even destroy my small business. At my current traditional job I will receive no retirement income. I certainly do not want to be a burden to the state or to my family in my more senior years, I've had a business from home for almost 3 years with XanGo and have found the experience to be very rewarding but feel this proposed new rule will make things so complicated my business will emplode from within. Originally, I started my Network Marketing business because of the products. I love the benefits I received from taking them and knew sharing them would help others. As retirement income will be in short supply, I saw the potential for a worthwhile at home business as well. The additional income will help support my family in our retirement years and is critical to our budget. Please don’t destroy my small business. We need it! Some of the sections in the proposed rule would make it hard or almost impossible for me to continue as a business developer with XanGO. The proposed waiting period will give the public the idea that there’s something wrong with me or our business and will also reflect badly on me. I also think this seven-day waiting period is unnecessary, because my company, XanGo, already has a 100% money-back guarantee. You don't even have to send the bottles back. One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new distributor. Xango's wholesale membership/distributorship only costs $35 bucks in the first place. People buy TVs, cars, and other items that cost much more than that and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records of when I first speak to someone concerning my business. I would then have to send in reports to my company. I am a small home business owner. This burden could destroy my business Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. I'm uncomfortable that I may put a women in my organization in harm's way thus subjecting her to possible sexual or racial harassment or worse. Bottom line, should this rule be passed, it seems to me that the FTC would need a way to take direct enforcement action on sexual and racial attacks with a special unit assigned to monitor actions related to the disclosure forms. There are scam artists in every industry. Just look at Enron. This rule will do nothing to stop them. They hurt my business! This rule will not stop Crooks – they violate the current rule all the time. I am a good American citizen and this Rule will hurt me. Thank you and please help me by NOT activating this Business Opportunity Rule, R511993 Sincerely, Judy Wood