Comment Number: 522418-10734
Received: 7/16/2006 9:41:59 PM
Organization: Orndorff Associates (quixtar)
Commenter: Brianna Orndorff
State: WV
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been an IBO for one year now and it has drastically changed my life and my husband's life for the better. We have learned so much about business, finances, honesty, integrity, and helping others. It has improved our lives both financially and personally and for that we are so grateful. From my experience, everyone in the business have been extreemly informative, helpful, and honest. We were provided with plenty of information concerning the business, how it works, and the potential it had to offer us. We were able to make a wise, informed decision based on the information we received. We give that same opportunity to all of our prospective IBOs. We make sure that they know that this is not a get rich quick scheme, that there is work involved and there are no guarentees of success. With that said, I think it is unnecessary to force a seven day waiting period on prospective IBOs and it does not have the potential to help them, but rather only hinders the growth of their future business. We give people plenty of freedom to make their own choice in their time - if they want to wait they can, but if they want to get started right away they have that freedom as well. I also find it unnecessary to provide a litigation list, as it would complicate the process and is extreemly overwhelming to both the business owner and the prospect. Everyone already has the freedom to do their own exstensive bachground research, should they so choose, I do not think it should be a requirement. I think it would actually hinder people's success in the business. We already provide detailed information on how money is earned and what the averages are for IBOs and therefore I do not think we should be required to provide any further specific earnings disclosures. As for the requirement for financial substantiation, I think it is inappropriate. If our prospects ask us about our financial success, we provide them with honest information. However, I think it would be innappropropriate to have to show financial substanttiation - just as inappropriate as if bosses had to show their prospective employees proof of exactly how much they were earning before hiring them. Also, we provide ample opportunity for prospects to meet business affiliates - even to go to their homes! I think that it would be totally unnecessary to be required to provide a specific list of references and it would also be an invasion of privacy for those who are already IBOs to have other people's prospects knowing their phone number and so forth. We totally encourage prospects to get around the people already involved and give them the opportunity to do so, thus no new requirement in necessary. I think it is a good thing that you are trying to put an end to fraudulant businesses and schemes and I am in support - those kinds of businness only hurt us and other honest businesses and people. Our business only has people's best interest in mind and is already completely honest and informative, thus I don't think those rquirements are necessary. Thank you for your time and concern! Sincerely, Brianna Orndorff