| Comment Number: | 522418-08743 |
| Received: | 7/13/2006 12:16:20 PM |
| Organization: | Xango, LLC |
| Commenter: | Ian Saludares |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
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 for XanGo and destroy my small business. I have been an independent distributor for Xango since April of 2006. And it had practically turned my life 180 degrees. Originally I joined XanGo to be able to buy the mangosteen juice at wholesale since my whole family is drinking it. Then after doing my own research I found out that it is also a very good source of additional income for me and my family. Now after working hard in doing the business for more than a year and because of that additional income I’m able to pay for my house mortgage without doing any overtime in the hospital as a registered nurse and be able to spend more time with my family. I cannot imagine how I will pay for my mortgage when my small business is affected by the Business Opportunity Rule, R511993. Some of the sections in the proposed rule would make it hard or almost impossible for me to promote and expand my small business. One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new independent distributor with Xango. Our distributor kit only costs $35. People buy plasma TVs, computers, cars, and other items that cost much more than that but 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 someone a prospect and will then have to send in reports to my company. I am a small home business and this burden will hurt and destroys my business. 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 100% buy back policy for our mangosteen juice. I appreciate FTC’s mission in protecting consumer’s interest from fraudulent business opportunities. But I strongly feel that the Business Opportunity Rule, R511993 is not the answer. It would only hurt and destroy legitimate and honest small business owners like me. Thank you very much for your time in reading my letter and please help me.