| Comment Number: | 522418-08751 |
| Received: | 7/13/2006 12:27:06 PM |
| Organization: | BW Enterprises |
| Commenter: | Barbara Wilson |
| State: | LA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO affiliated with Quixtar since 2000. The business has given me an opportunity to add to my retirement fund, which I need because I am a single, (divorced) woman age 59. In reading the proposal from FTC I have several concerns. The seven-day rule, would discourage new people from starting businesses of their own. The rule about getting references from other IBO's has several drawbacks. One, in a reciprocal way, I do not want my personal information, name and address, given out to people I don't know. Another drawback is that if a prospective business partner contacted others, they might take my prospect away from me. The rule about disclosing finances. Up front, I tell my prospects that this is not a "get rich quick" business, and no income is guaranteed. I tell them what the average income is at the various levels in the business. The only way I could prove other people's incomes would be to have access to their personal Federal Income Tax Returns, and of course, this is a violation of the Privacy Acts. The cost of entering my business is very moderate, about $100. depending on their product choices. This money is refundable, if they are not satisfied. There is no product inventory stocking requirement with my business. I do feel that excessive registration costs should be banned, and that "head hunter fees" paid in some direct marketing companies should be prohibited. Bonuses and commissions should be paid solely on products that are distributed through the business.