| Comment Number: | 522418-03931 |
| Received: | 6/23/2006 12:15:04 PM |
| Organization: | Vemma |
| Commenter: | Willy Korp |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Ladies and Gentlemen: I am a direct sales distributor with a couple of organizations, Vemma and SendOutCards. I purchase and use the products I sell, and I also offer distribution opportunities to friends and colleagues. These are businesses I operate in addition to a consulting business. Many of my clients in the consulting business are also clients or distributors of my direct sale products. I have been in these business for 1 year. In that time I have substantially supplemented my regular income, have developed better sales skills, have developed a large number of new solid relationships, and have created an atmosphere of prosperity and abundance for myself and others. All this in a very straight-forward professional manner. I am always glad to see the Federal Trade Commission looking out for the interests of the public. There are many unscrupulous people trying to swindle others out of their money. However I am opposed to the proposed Business Opportunity Rule, R511993. There are several problems I see with it, that will have a great negative impact on my businesses. First on the proposed seven-day waiting period. My customers and associates are mostly very active, busy business people. They research their proposed business quickly and move quickly. There is no need for additional record keeping or waiting to have them start their business. They make up their mind and move on it. Sometimes they are in locations away from me. This waiting period will cause unnecessary delays and will turn potential customers away. Second, about the 10 references requirement. Most of our business associates, and myself included, are very cautious about passing out our personal information to non-business asociates, in a mass distribution sort of way. This creates a substantial confidentiality problem for everyone involved. In this era when so many scammers are stealing identities or are fraudulently using this information, this will be a detrimental requirement for my business. I never have a problem giving personal references to serious business prospects, but distributing 10 names to untrusted people is not good business. I thank you for the opportunity to comment on this proposed ruling. Sincerely, Willy Korp Phoenix, Arizona