| Comment Number: | 522418-07432 |
| Received: | 7/10/2006 8:36:31 PM |
| Organization: | EI BIZ |
| Commenter: | Ronald Faulkner |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As an IBO for the past several years I have found that a new prospect usually likes to get started fairly quickly and not have to wait. We offer a full money back guarantee good for up to 90 days of the time they first register as an IBO.There is no need for a 7 day waiting period. As for providing refereces, a new prosect would then have the option of choosing a sponsor from a list of people. This is a very unfair option to the IBO presenting the opportunity. We invite all of our new prospects to attend a group opportunity meeting, where they have a chance to meet with other IBO's and hear how they build their businesses, before they make a decision to join our team. Often times though there may not be that many other IBO's on our team in the same area so we would not be able to introduce them to 10 team members that would be helping them build their new business. My personal privacy is important to me and I don't give out my telephone number or address to just anybody. Income disclosures are already a part of our normal business. We utilize a disclosure document for the average IBO with every business plan that we share. As an IBO, I know that not every one makes the same amount of money. This should not limit a prospect in what they see for their business. If a new IBO shares the opportunity for the first time but has not made any money but would be required to disclose their income this is a very limiting factor for them. Lets make a disclosure statement that is fair to ALL IBO's.