| Comment Number: | 522418-11004 |
| Received: | 7/17/2006 12:54:34 AM |
| Organization: | |
| Commenter: | Ellen Giesecke |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam: I am writing this letter because I am concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as a Distributor with NatureRich and destroy my small business. I have been a Distributor with NatureRich for more than three years. Originally, I started my Network Marketing business because I loved the products and wanted to tell my friends about them. When I did that I began to earn some additional money. Now my family depends on this extra income to supplement our budget. Please don’t destroy my small business we need it! Some of the sections in the proposed rule would make it hard or almost impossible for me to sell my product. The seven-day waiting period to enroll a new distributor will give the public the idea that there’s something wrong with me or our plan and also reflects badly on the Company. Why is this seven-day waiting period necessary? NatureRich has a buyback policy for all products including sales kits purchased by a salesperson. Our sales kits only cost $99.00 and the value of the products they contain is more than that. People buy TVs, cars, and other items that cost much more than that and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records when I first speak to someone a prospect and will then have to send in reports to my company. I am a small home business and this burden could destroy my business. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. Women in my organization may be subject to sexual or racial harassment so this part can’t go in at all, unless the FTC will protect us from these dangers related to this disclosure. In the end the rule must bind the FTC to take direct enforcement action on sexual and racial attacks with a special unit assigned to monitor actions related to the disclosure forms. In conclusion, I have seen many scams on the internet. How will this rule stop them? The crooks violate the current rules all the time. But I am a good American citizen and it will hurt me. Thank you and please help me. Sincerely, Ellen Giesecke