| Comment Number: | 522418-12027 |
| Received: | 7/17/2006 5:46:26 PM |
| Organization: | Nutronix |
| Commenter: | Michael A Fowler, M.B.A. |
| State: | Not in the US |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Sir, While I respect and fully understand what you are trying to achieve with this Business Opportunity Rule, I think you may be going about it in the wrong way. The Network Marketing Industry is about a company selling its products through distributors. It is a cheap way of selling for the manufacturer and it rewards those who work hard at selling those products. A better way forward, would be to register viable products through a testing base. Products could then be submitted for evaluation and an award that links to the Government site for verification could be displayed on that companies website. Some of the worst scams are leads, advertising hits or website visitors, where you can pay a great deal for traffic that is useless or never delivered and leads that are farmed from the internet and sold as 'Quality Prospects.' How are you going to regulate that type of Industry? I agree that scammers and con artists must be stopped. The problem is, you will be dealing a severe blow to millions of honest and hard working people with the proposals you currently have in place. Qualify your business and get registered with your products and/or services. That is the way forward. A checkable resource with an evaluation file done by the Government. Most scams are presented with products that are ridiculous and could never work. Some even defy belief! So test them. Those that pass get an award with a checkable link, those that don't, get rejected and placed on a warning list. Listen, we all love our Industry. Making major changes that affect our lives will kill everything that we have honestly worked at creating. Don't punish everyone for the sake of a few. Catch those that are fraudulent and verify those who are legitimate by the products and/or services that they offer. Over the course of a few years, scammers could not survive because they would not have a viable product or the means available to get that award. Information products and e-books should be banned altogether, as they contain nothing of benefit to anyone, yet rake in cash from people who are new to the industry. You can never regulate everything on the internet but you can at least give consumers a fighting chance by product verification and marketability. Michael.