| Comment Number: | 522418-09025 |
| Received: | 7/13/2006 7:58:31 PM |
| Organization: | XANGO |
| Commenter: | Anthony Signorelli |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
TO WHOM IT MAY CONCERN: With regard to the proposed new business opportunity rule, I am writing to express my concern that the proposed rule will have a devastating effect on my personal business opportunity and the whole of the network marketing industry. I have been involved in this industry for only 3 years, but my involvement has created more growth in my life than I have had in the last 20 years. My decision to get started was made in my 50's after being in the corporate world for over 30 years. I decided it was time to use my talents to create the lifestyle that I have always wanted. Getting involved in a company that not only gave me better health but also allowed me to create residual income to secure my retirement was one of the wisest choices I have ever made. Through this company and industry, I have also been exposed to people and opportunities which have allowed me to grow inside and realize talents that I never tapped into before. My self-confidence and personal life have improved tremendously, so much so that I have recently made a life-changing decision to leave corporate America for good and live my life in free enterprise to the fullest extent possible. Changing the way this business works will rob me of that dream. The 7-day waiting provision will be extremely harmful as it will destroy the momentum of creating a team and teaching our success strategy. Getting started earning money right away is the biggest incentive to staying in business, and waiting 7 days to get started and begin training new people will take away much of the enthusiasm of the new business owner. Being required to locate and identify the 10 nearest distributors to the potential client would be unduly burdensome to both the person building the business and to the company itself, which would have to create a massive database to generate this information. It also would have a privacy consideration for the distributors being named. Many distributors build their business and income by offering the opportunity to people they meet during their normal activities, as well as during their travels, so it would again needlessly slow the process down. When signing up a person into my business, I introduce them to several other people around the country so that they have resources for advice and training. This ensures that someone looking to be successful will have access to successful people to mentor them. This would seem to me a better practice than just naming random persons in their area. Although I understand that rules are needed to protect consumers from fraudulent practices, our particular company (Xango) was founded on ethical principles, and the founders themselves encourage honesty and integrity among their distributors. We are cautioned continuously against making fraudulent claims and we also have access to many leaders who not only share their success stories, but help others to be successful. Getting bogged down in red tape is one of the reasons many people are looking to escape corporate America. To impose this same red tape on business opportunities would diminish the attractiveness of working for oneself. As a whole, the direct selling business allows anyone, no matter what level of education, no matter what religious beliefs, no matter what sex, no matter what race - ANYONE - to break out of the crowd and create an exceptional life. This can only have a positive effect on the economy as a whole. I urge you to listen to my concerns and those of others in this industry and NOT put this proposed rule into effect. Thank you for your consideration. Anthony Signorelli Proud Xango Distributor