|Received:||7/17/2006 1:18:59 PM|
|Commenter:||Jack & Billye Luce|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Requiring a 7 day waiting period; 1. Businesses that offer a 100% MBG should not be subjected to any waiting period. (ours is 180 days) 2. Waiting is not beneficial and in their excitement they may talk to someone that is negative and has no factual information but causes them to quit before they even try. The person that showed them the business may never have a chance to present the facts and to remind them of the 100% MBG Requiring references: 1. Can you imagine giving out your name and telephone number to anyone interested in the Commisions work so they could call you at home 24 hours/day and 7 days a week? 2. The person showing them the business should give them a way they can contact them. If they want to talk to other IBO'S there are local educational and business presentation meetings that they may go to and talk to other IBO'S. Requiring a litigation list: 1.IBO'S ahould encourage people they show the business to to check with the BBB and perhaps the FTC on what complaints have been received and the disposition. Requiring each IBO to keep up with all cases is an overkill and a lot of wasted time. Requiring specific earnings disclousers and financial substantiation: 1.We provide the average earnings/active IBO. We have available and can and probably should provide the average income for each level in the business. I never give our my earning information as that is personal and has nothing to do with what they can earn. The person presenting the program should have the right to state their personal earnings and if they do they should be prepared to substantiate it.Averages are much more reliable. In summary: 1. I agree better rules need to be implenented to curb abuses in this industry. We know many that have lost a lot of money thru missrepresentation or false claims or just hype.. However the rules need to be written to curb the abuses in the industry not to peanilize those that are operating above board with honesty and integrrity. I believe excluding those that offer a 100% MBG will help force out the unethical ones. 2. Also requiring the use of company supplied documents showing the average earning of various levels will also help curb the abusers and avoid placing limitations and excessive roadblocks on those that are doing business with honesty and integrity.