| Comment Number: | 522418-08243 |
| Received: | 7/12/2006 2:43:31 PM |
| Organization: | |
| Commenter: | Ann Beasley |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am concerned with the Trade Regulation Rule on Business Opportunities that the FTC is considering. When I was shown the Quixtar Business, my decision was based on sufficient information and a money back guarantee if I was not satisified. I was informed that this was a business that could only work if I was willing to put in the time and effort. It was not something that I would be able to get rich quick with. The only way that I can make money with this business is if I do the work and help others with their efforts. Having to wait seven days to register would only hinder a new prospect from being able to get started in their own business. This also should be treated like any other business, once a contract is signed, business can procede as soon as possible. Also having to provide ten references, with names, addresses and phone numbers would be an infringement on their privacy. I don't know that I would want my information given to total strangers not to mention that I may lose a prospect to someone else after I have done all of the work. As an IBO, I don't have all of the information included in the litigation list. They could check with the BBB or FTC and review any information they have. Earning disclosures are provided in the presentations, and the money that I make is my private business and the prospect may have higher goals and have more time to commit to their business, which could result in a higher income. I'm glad to see that the FTC in it efforts are trying to keep business opportunities honest and ethical and I believe that all direct selling businesses should operate under the same rules and regulations. Resectfully, Ann Beasley