| Comment Number: | 522418-07123 |
| Received: | 7/9/2006 2:44:42 PM |
| Organization: | |
| Commenter: | Teresa Janzen |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern, I know very little of FTC regulations and the impact that decisions such as this proposal will make on business people as a whole, but I have a few concerns for myself and other small business owners like me. I have been an IBO with Quixtar for 5 years. I make a little money, not a lot, but I am very content with my business. I have benefitted in ways that go beyond finances. Personal growth, experience and confidence to name a few. In fact I now own several other companies that are not network marketing. The concerns I have with the proposal include: the seven day waiting period and violation of privacy. In our business, a prospect can get their money back if they are disastified. Conversly those first few days are often times the most important for getting started. Requiring a waiting period would damage the persons potential of a rapid start to their new business. A money back policy would be better. Other investments, like stocks, do not require a waiting period. In fact if they did, opportunity could be lost, as timing is often critical in business. I also am concerned with requirements that would infringe upon my privacy or others in my organization. Requiring references and personal financial data would in my opinion violate privacy practices and would have little protection for the prospect. We all know that references could be obtained that would 'slant' an opportunity in a favorable light. Financial data could also be found to show benefit to the prospect. It is better to keep testimonials real and inperson. A reputable company will have good references. A dishonest company will make something up so it looks like they do. Finally, as I said, business such as Quixtar often benefit people in more ways than just finances. And the risks in such business opportunities is relatively small. Don't do something that will limit the benefit that people may receive in the name of trying to make things safe. Risk is a part of business and investment. For many people, a network marketing opportunity is just a training ground for bigger things. A business school, if you will. We all need a training ground and a legitimate business opportunity enables a person to learn and grow with limited risk. I support your efforts to protect people from illegitimate offers, but don't restrict our opportunity for legal and legitimate business in the process. Thank you