| Comment Number: | 522418-10023 |
| Received: | 7/15/2006 4:06:57 PM |
| Organization: | Xango Independent Distributor |
| Commenter: | John Herring |
| State: | UT |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
RE: Business Opportunity Rule, R511993 Dear Sir or Madam: My husband and I are writing this letter because we are concerned about the proposed Business Opportunity Rule R511993. We believe that in its presented form, it could prevent us from continuing to succeed in our small business. We are distributors for a nutritional company called Xango. We have been independent distributors for Xango for 3 years. Their phenomenal product has changed our families life. The business opportunity allows Kami to stay home with our 3 children and John has been able to retire from corporate America. We have helped 1000's of people improve their quality of life through our product and business opportunity. We work from home and are able to spend quality time with our family, that is priceless. Our family depends on this business considering it is our only income. It is our belief that small business owners are what built this country and keep it thriving. We are concerned that the proposed changes would destroy not only our business but thousands of other people’s small businesses as well. We are unclear on why these changes are even being discussed let alone possibly implemented. Some of the sections in the proposed rule would make it hard or almost impossible for us to sell our product or build our business. For example, The 7 day waiting period would give the public the idea that there’s something wrong with us or our business and would cast us in a bad light. We are professional people who value our reputation and our standing in the community and feel we deserve to be treated accordingly. We also think this waiting period is unnecessary, because our company, Xango, already has a 100% buyback policy. Americans don’t have to have a 7 day waiting period to purchase expensive items like cars or even televisions so why should they have to be treated like children and wait 7 days before they can make a decision to spend $35.00 for a distributor enrollment in a company or buy some product if they wish to? That is making us as business owners look like shysters that the public has to be afraid of when in reality we are that public. We are decent, hard working, legitimate, tax paying citizens, not criminals. Under this waiting period requirement, we would also need to keep very detailed records when we first speak to a prospect and would then have to send in reports to our company. Goodness knows we have to do enough paperwork for our small business already for the government. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. We are happy to provide references, but this is truly frightening. We have a health product and we should not have to tell strangers the names of anyone else who is taking it. In this day of identity theft, we can’t imagine giving out the personal information of individuals to strangers. Imagine giving out someone’s personal information to the wrong person and making them more vulnerable to dishonest people. Where does privacy come in here? And who are the people that are going to have to regulate all this and police it? It’s completely untenable from every direction. We have seen many scams on the Internet and been approached by many crooks because of our success. This rule will not stop them. They are the ones that hurt people, not legitimate network marketers. This rule will not stop crooks – they violate the current rules all the time. Please don’t make rules that greatly hinder people who are doing a legitimate business and serving others and pave the way for shysters to profit from it. Help us as small business owners by not making our jobs harder and more cumbersome than they already are. We do not understand at all who is pushing this to go through and what they could possibly have to gain. Possibly their intentions are good although we honestly don’t think so. We can’t imagine what they could have been thinking when they came up with these things. Please stop them and help us as citizens and business people to go about our business and be treated with respect as all other legitimate business owners are treated. Thank you for taking the time to read this and for acting in our behalf. Sincerely, John & Kami Herring