|Received:||7/13/2006 5:54:31 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:As am IBO with Globalnet I am also concerned about fraud and people misrespresenting what we have to offer. But I have some comments about your current proposal. Problem 1: I don't like the idea of having my prospect wait 7 days to register. As I feel that if they understand and like our business plan then they should be able to register right away or wait if they want more information. Since we don't have a huge sign-up fee (like so many other networking businesses) I like the idea of being spontateous and allowing them to register when they see the business plan. Problem 2: I believe that all IBO information is confidential and should not be handed out. Each and every prospect has the opportunity to come to meetings/previews/seminars to meet other people looking into this business or people who have already joined. They have the choice to come meet other IBO's if they want. Problem 3: I don't agree with having to disclose any past litigations. Problem 4: I don't see the need for income disclosures. As on the site and paperwork to register it notes that the average "active" IBO makes about $115. But when you see the business opportunity you know you have to work the business to get the rewards of the business. Nothing comes without work and effort. Problem 5: I believe that the business marketing materials should have to be reviewed by the FTC (like ours is) to make sure their are no false accusations of huge incomes which are not possible. Our materials note if you build your business following our business system then the money follows. We note if you don't want to build a big business (but just convenience) then you will receive only a small check based on your work and effort.