| Comment Number: | 522418-11412 |
| Received: | 7/17/2006 11:30:58 AM |
| Organization: | |
| Commenter: | Cavner |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
When we registered in the Quixtar business, we were given enough information to make the decision to register and we provide our prospects with the same information. We explain to everyone that there is some hard work involved to build a profitable business. If there is a 7-day waiting period before a prospect can register and a 7-day waiting period before their prospects can register, there is a big chance that we will be losing a lot of prospects. Therefore we will be losing profitability. If someone wants to register and has prospects of their own who want to register under them, then more times than not, they all want to be registered and get started building their businesses right away. The sooner, the better for everyone. If we have to provide our prospects with a list of 10 IBO's in our area, there would be a chance of losing that prospect to another IBO. That would not be fair. Our prospects always meet other IBO's in our business. That is where teamwork comes in. We do not want our personal information given out to just anybody and everybody. We should have the choice about who we give that information to. If we have to provide a litigation list, that would not be good because there are a lot of false statements out there and we take the risk of losing other IBO's because of them. That has already happened to us. We do not think we should have to provide our earnings to anybody unless that is our own choice. That is personal information. If we had to make a separate disclosure for every example in explaining the income potential of our business, that would take away from the duplication part of the business.