|Received:||7/9/2006 11:15:10 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO in the Quixtar business since 1999. I currently make just over $40,000/year from the business. It is probable that I will earn near double that amount next year the way things are going. I view this business as my future and am very committed to becoming full-time in the business. I understand the need to develop systems of accountability to protect people from scams. I know that there are many out there and they have hurt my sponsoring rate at times. However, the goal is not to handicap the legitimate ones. When we sponsor people into our business we give them thorough info. so they can make an informed decision. We advise them that this is a real business and will take time and effort but that the rewards can be great. The business is most easily built fast. Momentum in sponsoring is critical for fast growth. A 7 day waiting period would kill our momentum and make building a group quickly much more difficult. I would also be against providing a list of local IBOs to the prospect before registration for 2 reasons. First, I wouldn't want to run the risk of losing my prospect to someone else, that happens enough already without my help. Second, when we start business in a new area we don't have people already present. We are looking for a leader to get it started. I am also opposed to a litigation list. People find enough negative reasons on the internet to be against everything, even the legitimate business, on their own. They don't need our help.Even if soemone else in the industry has done something bad it doesn't mean that I should penalize myself because of it when I'm running an honest, business with integrity. As far as specific earnings disclosures, I am not in favor of it. We do tell prospects company average incomes at various levels, and I do often go online and show my bonus checks, but that should be at my discretion. It would burden the new IBO who is just getting started to have to tell the prospects that he is only making $10. I am for regulations to protect the consumer and the potential business owner from scams. I am against hurting the legitimate businesses or making them more difficult than they already are. Possibly you can find a way to do one without doing the other. These proposed changes need some work. Thanks.