|Received:||7/7/2006 10:41:44 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for a year and five months and I realize benefits other than income from this business. The type of training I am receiving from my up-line is beneficial in helping me improve myself as a person, the way I think and how I respect the rights of others. I realize this business is not a get rich plan and a lot of hard work is required. I must do the work for me to achieve my dream. This information was passed down to me when I registered and I convey the same thoughts to those who register under me. The requirement of a seven-day waiting period before registering would have a profound impact on the profitability of my business. Since time is money, it would take more of an effort with time waiting (seven days) for me to introduce and register new people into my business. This would also cause the domino effect delaying the efforts of everyone there after. This would not be good for the business. The requirement to provide references (name, address, phone number) of a list of local IBOs for a prospect to contact before registering in the business would be a violation of individual privacy. Newly registered IBOs can meet local IBOs in the group monthly training meetings and monthly business development seminars (BDS).