|Received:||7/17/2006 7:42:30 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
|Attachment:||522418-12255.pdf Download Adobe Reader|
Comments:I am writing this letter because I am concerned about the proposed Business Opportunity Rule R5119933. I believe that in its presented form, it could prevent me from continuing as an Independent Distributor for XanGo, L.L.C. and destroy my small business. I have several college degrees and have been trying to find a way to fulfill my student loan obligations and do more than subsist in whatever life I have left. My income from my full-time job as a paralegal is comparable for this industry and city I live in. My student loan payments are currently $865.00 per month for the next 30 years. I am a single woman, 45-years of age, and can expect to be paying this note until I am 75 years old! I am extremely concerned about paying this high debt in my golden years and whether or not I will be able to survive and not become homeless. Before I became a distributor for XanGo, my future, despite all my education and experience, was looking very dark and bleak. I have been plagued by numerous medical conditions since my early twenties and these illnesses have made it difficult for me to work a full-time job. Originally, I started my XanGo Network Marketing business because of the XanGo Mangosteen juice, which I love and don’t ever want to be without, and a desperate need to supplement my income. Now I depend on the extra income to supplement my budget. Please do not destroy my small business, I need it!! Some of the sections in the proposed rule would make it difficult, if not impossible, for me to sell my XanGo Mangosteen Juice, nor would I be able to afford to drink the product myself! The suggested waiting period will give the public the idea that there is something wrong with me or XanGo’s product and would reflect poorly on me and my business. I also think this seven-day waiting period is unnecessary because XanGo already has a 100% buyback policy for all products including distributor kits purchased by any new distributor for XanGo. One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new independent distributor in XanGo. XanGo’s distributor kit only costs $35.00. People buy TV’s, cars, IPOD’s, cell phones and other items that cost much more than that and they do not have to wait seven days. Under this waiting period requirement, I will need to keep very detailed records as to when I first speak to a new customer/prospect. I will then have to send in reports to my company. I am a small home based business and this burden could and will destroy my business. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am more than willing 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. Additionally, this places ALL women involved in network marketing, including the women in my organization and myself, in the position of being subjected to sexual and/or racial harassment. As currently presented, this aspect of the proposal cannot be implemented without the FTC passing an addition or addendum to this rule prohibiting sexual or racial attacks 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 and been approached by many crooks because of my success. This rule will do nothing to stop them. They hurt not only my business but also every other legitimate network marketing business! This rule will not stop crooks. They violate current rule all the time. I am a law abiding, tax paying citizen and this will DESTROY my business and my LIFE!! Please help me!