|Received:||7/13/2006 10:24:07 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I understand the need for some form of regulation for the protection of the general public. There are way too many scams that are readily available to any interested party, especially with access to the internet. However, there are also some proven business opportunities that are available and that should not be penalized for the others. Businesses like Quixtar/Amway have proven over a 40 year period that they are a legitimate company. The FTC should gather information and ideas from companies such as Quixtar and other proven business opportunities on how to protect the prospect. The FTC should not penalize such companies for providing American’s with a legitimate, proven system to eliminate debt and restore the American dream. There is not any way to guarantee that any one person will succeed in ANY new business start up. However, unlike many businesses, we provide an educational system and business support to help those that are willing and able to learn. We also guarantee that people can receive their money back if they feel that they have been scammed into ANYTHING. This guarantee includes registration, educational materials, and any products purchased through the website even if they have been opened and used! If the prospect is given a list of 10 Ibo’s in the area, how does that protect the possible sponsor from the other Ibo's “stealing” their prospect? I understand the general meaning behind this, but it destroys the integrity of the sponsor/prospect relationship. There has to be another way to “prove” that this works. For example, in our organization we have meetings where a person can come, for free, and meet others who are building in the area. As for the proposal that we provide a list of litigations; Quixtar is a member of the Better Business Bureau and we do encourage prospects to do their due diligence. We give them the BBB website and let them know that we are a member and any research is up to them. In short, I do understand the principle of what you are trying to do, however you should talk to the IBOAI board as well as the corporation to get ideas on how to regulate this industry. They are the experts on keeping this industry’s integrity intact for over 40 years. They have had to be!