Comment Number: 522418-07467
Received: 7/10/2006 10:27:11 PM
Organization:
Commenter: Evelyn Kessinger
State: IN
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

RE: Business Opportunity Rule, R511993 Dear Sir or Madam: I am writing this letter because I am concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as an Independent Distributor with XanGo™ and destroy my small business and my family and our whole future. I have been an Independent Distributor since the beginning of this year. My husband and I are working this business to build it up for the time when he retires from his current job. After that, we will work this business full-time together. It is our future. We need your help to insure that we can continue to build this business and be contributing members of our wonderful American society. Originally, I started my XanGo™ business because of the product. I loved it and wanted to earn some additional money as well as help others with it. Now my family depends on this extra income to supplement our budget. Please don’t destroy my small business--we need it! Some of the sections in the proposed rule would make it hard or almost impossible for me to sell my product or even help others become financially independent. If this were to happen, I couldn't help anyone--let alone, myself or my family! This waiting period will give the public the idea that there’s something wrong with me or our plan and also reflects badly on me. I also think this seven-day waiting period is unnecessary, because XanGo™ already has a 90% buyback policy for all products including sales kits purchased by a salesperson. Additionally a 100% total money back guarantee, which applies to any new enrollee, is guaranteed for these new enrollees and is currently and daily exercised freely by anyone purchasing from XanGo™ within the first 30 day period. The current procedures in place by XanGo™ already insure that no one can ever be hurt financially by the XanGo™ business opportunity. One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new Distributor. XanGo's sales kit only costs $35. People buy TVs, cars, and other items that cost much more than that and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records when I first speak to a prospect and will then have to send in reports to my company. I am a small home business and this burden could destroy my business and my future. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. Women in my organization may be subject to sexual or racial harassment so this part can’t go in at all, unless the FTC passes an addition to this rule. Prohibiting sexual or racial attacks related to this disclosure. In the end the rule must bind the FTC to take direct enforcement action on sexual and racial attacks with a special unit assigned to monitor actions related to the disclosure forms. I have seen many scams on the Internet and been approached by many crooks because of my success. This rule will do nothing to stop them. They hurt my business! This rule will not stop crooks – they violate the current rule all the time and will continue to do so. However, I am a good American citizen and it will hurt me. Thank you and please help me. Sincerely, Evelyn Kessinger