|Received:||7/2/2006 12:00:45 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Six years ago, a professional colleague introduced me to the business concept of proactive consumerism. I became an Independent Business Owner in 2000 (for less than $100) because I wanted to avoid middlemen in the retail market and buy products straight from the wharehouse. For three years, I bought for myself and my family all of our necessary home and self-care products through my own business. I was impressed with the consistent quality of products and excellent product education AND customer service. More importantly, as a health care provider, I was impressed with the quality and consistency of the mentors available to me if I wanted to grow my business, and the breadth of available training one could choose. Three years ago I started to build my business with resolve. It requires sweat, consistency of action, respect for people, and integrity of purpose. My business mentors model that. I will not get rich quick, but I have seen that if I follow the steps in a regular way, I can make as much money as I choose. When I present the reality and plan of this business concept to people, I give them the business plan in writing after my presentation to them. Within three days, I meet again with them to answer questions, and, if they need, give them more written and audiotape information about the details of the business plan. People sign up to be an Independent Business Owner in my organization when they have a goal, believe that they can put in the work, and are motivated strongly. My responsibility is to support and train them. People pay about $ 200. this year to register as an IBO. One-third of that cost is newsletter and info about their products, one-third for products they choose to try out, and one third a registration fee. If they change their mind at any time the total fee is immediately refundable. I am experienced business owner, and trust that I am involved with a sound organization that stands above most corporate structures in the US these days. Relative to the Business Oppurtunity Rule: 1) If a person wants to register in my business, they have full disclosure and the structure of what it takes to earn as they wish in writing, and can get their sign up fee immediately returned through the corporation. What is the purpose of waiting 7 days, given the way my business works? 2) I would never give another IBO's name as a reference to a prospect. If they want to hear and see others, I will bring them to a local business overview and the prospective IBO can meet my organizational peers. 3) A litigation list? Why would someone need that in my business. I've never been sued. Let prospects ask for it but why make it a RULE and foster false negatives? 4) I tell prospects: if I have $ 15, 000. of product volume moving through my business, I make about $3500. It is a formula. So why have anything else written down? I have given them the plan in writing. I can always show them my checks from the Corporation who pay me every month per my volume (as planned). 5) It is no one's business how much I make in this business, it is about how much all of us in this business can make. The levels of business volume and ranges of income are published every month by the Corporation who manufactures our products. I pay $40. a year to be an IBO. I pay $350 a year to my professional organization which does little for me. As an IBO, I follow strict regulations about how to present my business and protect other IBO's in my organization. My International IBO board communicates with me and all of the other IBO's in this world about the integrity necessary to us all. It is all about in our interrelationships. We don't cheat each other (different from much of corporate structure in the US and abroad), because we are together in this. Please don't make a bureacratic mess for we entrepreneurs who have something simple, honest, and good, and which rewards us accordingly for our hard work.