|Received:||7/3/2006 6:21:13 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been using the products for a few years. I have been an active IBO for just 3 months. I am slowly completely committing myself to building this business. My next goal is simply to find others that are interested in seeing an awesome business opportunity. This business, with the Continuing Business Education resources, is working to build my character and make me a better person. To get me out of the lazy boy chair and out of in front of a TV that will do nothing to help my character or financial position. When I was registered, I received what I needed to know at the time. My questions were answered as I had them plus whatever other information that I needed to make an informed decision at the time. When I register someone, I tend to do the same thing. If I don't have the answers they need, I find them out for them. My prospects learn what kind of business this is by the conversations we have and the materials that are provided to them to help them to make an informed decision. The cost is $125.00 to become an IBO plus whatever product kit the prospect chooses to get their business started with. Whatever products they choose to get to know themselves. All of this comes with a 100% money back guarantee. A 7-day waiting period, I am sorry, but that is unreasonable. That and having to provide a prospect with documentation to see what kind of money I am making (this is an invasion of my privacy and not honestly reflecting what they will be capable of making) and a list of other names is not fair to the IBO taking the time to educate the prospect. It isn't fair to the prospect either. What I make $ wise and what someone else makes isn't necessarily going to be the same and it isn't fair to the prospect to make the prospect think they will do $ wise the exact same as I am doing. This business is dependent upon productivity and everyone has different abilities in productivity. The 7-day waiting period could cause people to lose hope. It could also cause them to loose their position in the line of sponsorship. That isn't fair to anyone. That would also cost EVERYONE time and money. It is an invasion of my privacy for another IBO to be giving out my personal contact information. We can all meet each other at the different meetings that are scheduled throughout the months. We can, at our own discretion, then exchange contact information. All businesses have complaints against them. If someone wants to be informed of any legal problems that any business has had, they can do the research before making any final decision. That should not be the responsibility of every IBO to provide. It is made clear to every prospect and every IBO the potential income that is available to EVERYONE. Putting every IBO in the position to have to provide all of this documentation is not only an invasion of individual's privacy, it will also make it much more difficult to build a business. Most prospects don't want too much information right away. They need time to absorb the information they are given. A prospect first needs to be able to understand the opportunity being shown to them. Once they understand what this business really has to offer, then each person needs to receive information that they are ready for when they are ready for it. Usually when they ask is when they are ready for it. Not a pile of documents handed to them at a first or second meeting and overwhelming them with too much information. If the prospect wants it before committing, then the IBO and the prospect can do what it takes to help the prospect get the questions answered they need answered.