| Comment Number: | 522418-04884 |
| Received: | 6/28/2006 5:17:49 PM |
| Organization: | Hahn Enterprising |
| Commenter: | Nathan Hahn |
| State: | WI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
to begin with i greatly appreciate the FTC's efforts in keeping people safe from illegal business opportunities. i have heard of people that have been affected by illegal pyramid schemes in the past, and many people are concious of the illegality of such business opportunities b/c of the FTC's efforts. i have come across many people that the 1st question when i offer this awesome opportunity is 'is it a pyramid scheme?' it is good that they are aware of those schemes but at the same time it is too bad that some individuals have that propensity. i have owned my own business affiliated with Quixtar since August 1, 2005. i am so thankful that people before me have paved the way to allow everyone in america to have the opportunity to create an income for themselves instead of someone else. the ability to continue free enterprise in america b/c presently many people don't realized that business ownership is a large part of this country's history. everytime this opportunity is shown with the team i am a part of a few points are strongly emphasized. 1. this is simply information, we will give you all of the information if you want it, b/c it is best to be completely informed on your decision, but at anytime you can stop the information process. 2. this opportunity is based on your application, you are in business for yourself but not by yourself. if you apply yourself you will have people there to aid you in your development, but it is your decision. 3. it is not a get rich quick, there is no such thing out there typically. it is a business it takes time to develop, but it all comes back to your application, b/c that will determine your success and the speed of your success. 4. the marketing plan is always shown and propects are let known that it is a FTC regulated marketing plan. the FTC proposal will hinder the building of many IBO businesses. there are great ideas within it to protect people against illegal opportunities, but there are many steps that the proposal suggests in taking that many Quixtar affiliated business owners are already taking as i have previously touched on. much of the fast growth that new IBOs experience is due to the excitement that a new IBO brings and the credibility that the upline brings. having prospects wait 7 days, after receiving all the information may slow his/her business profitablity, b/c that excitment may be lost when getting back to everyday life, and the negative that some sites or 'credible' sources have. i also suggest that due to privacy concerns that IBO's should not have to give names, numbers, income statements, and any other information to prospects. it is not neccessarily any of the propects business to know that information about other IBO businesses. the litigation list should be availible to prospects but not be required information to provide. in my short time in business i have found that most of the time when information is given, such as cd's literature, most people don't even listen or read it. so it may be an unproductive use of time, unless the prospect truly wants the information. overall the proposal has wonderful ideas to protect individuals from financial and business fraud. i believe that steps are already being taken by IBO's that are affiliated with Quixtar to give all of the information, protect individuals and helping prospects walk down the correct path b/c if we tell them something that is not true or correct how does that help our own business b/c sooner or later the truth will be found out. and the great part of this business is that once all of the truth is shown, individuals realize how incredible this opportunity is and the life that they can live by direct selling or networking. thank you very much, nathan hahn ibo