| Comment Number: | 522418-11465 |
| Received: | 7/17/2006 12:06:45 PM |
| Organization: | |
| Commenter: | Roy Heitritter |
| State: | IA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear FTC, My wife and I have been successful Independent Business Owners (IBO) for 13 years. We've been able to meet some goals and are looking forward to many more. We have gained not only financially but have grown mentally, relationally and spiritually as well. The training system and mentorship is optional but very valuable When we present the business to a prospect we leave information with them about the average monthly income of an IBO and give them a list of websites where they can find the Better Business Bureau, Dunn & Bradstreet etc. ratings. We also explain the 100% money back guarantee, (so would be no need of a 7 day waiting period). They are also encouraged to meet the rest of the team. Some of the proposed rules would severely limit the progress of our business. If we have to give each prospect a list of 10 IBOs in the area, we could not expand in new areas as we would not know who is an IBO. If we are given a list of IBOs, we would not know if that IBO is actively building the business or just using the products personally. We feel that someone could give false information about building a business. If my name was given to a stranger, it would violate my privacy and I could either try to sponsor the prospect myself or give discouraging information because the prospect would not be beneficial to me. To require us to give a specific earning disclosure would not only violate our privacy but be inappropriate because no business is structured exactly alike so a prospect could earn more than we earn. We also feel a litigation list would be an unfair rule. Many large corporations have had law suites filed against them but are not required to show a potential customer the list before doing business with them. Please take these comments into consideration when making new rules. Thank you.