Comment Number: 522418-08010
Received: 7/12/2006 10:15:26 AM
Organization:
Commenter: robert jackson
State: NY
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

my wife and i have been ibos for approx 3 yrs. we were shown the business plan using an ftc approved flip chart which indicated that this was not get rich quick scheme, there was work involved, and what the average monthly income for an ibo was. we have followed that same pattern for showing the plan to prospective business partners ever since. we always let prospects know that they have the right to get full refunds on any and all registration materials, fees and products and have been taken up on that claim from time to time. to require that prospects be given a week to "cool off" before registering would be doing them a diservice and would negatively impact our business. we typically give literature and materials for them to listen to before following up in 24-48 hrs so they are not pressured to make a decision right away anyway. however this business can help a person financially at the very start so what about the person who needs an extra few dollars right away and can retail products for immediate income. why should they have to wait to do that. also, new prospects are often negatively influenced by peers or relatives during the period when they are first introduced to the plan. it's not fair to have their dreams and goals stolen when they are most vulnerable. they can always change their minds after a few months and get a refund. the idea of having financial disclosure and referring prospects to ibos in the area would have a negative impact on my business. i'm sure you know that some of the most successful ibos in quixtar started out in less than ideal financial situations. that is one of the most important aspects of this business plan. anyone can use it to overcome their circumstances and help others to do the same. can you imagine how many people would be negatively effected if they new that their new sponsor was in credit card debt or had heavy student loans to pay off. (sounds like the situation most americans are in today) as for getting the advise of ibos in the area, if i refer my prospect that i met at the airport in florida to ibos in their neighborhood it seems likely that they will decide to go with one of those ibos instead of me. that would be unfair since i generated their interest. i believe that the ftc has made good efforts to protect the public from disreutable and illegal businesses and business practices. the approved literature attests to that fact. i don't see how the proposed changes can do more to sheild the public but i do see how they can deny americans the best business opportunity available today for the masses. what quixtar has done to date speaks for itself. the people who have benifitted from this business in the past and those to come ask you to not fix what is not broken.