| Comment Number: | 522418-12687 |
| Received: | 7/17/2006 11:34:57 PM |
| Organization: | Quixtar |
| Commenter: | Tanith Paquette |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Re: Business Opportunity Rule First I would like to say, I whole-heartedly approve of the work the FTC is trying to do to prevent people from being scammed. Con artists gain far too much as it is. Unfortunately, some of the suggested solutions will not work, and the ones that may will merely be avoided by con men. Problem: Provide 10 References Providing 10 references of other Independant Business Owners, herein IBOs, in the area would decrease the chances of the prospect registering with the contacting IBO. Also, local IBOs may not want names or addresses given to prospects they don't know. Problem: Litigations Providing a list of litigations from the past ten years would considerably downsize credibility for any corporation. Google any corporation's name with "lawsuit" and one may find at least 1000, usually more, and many are unsubstantiated. Problem: Substantiate Income Claim This would pose a major problem to many IBOs who are just getting started. Even the most successful IBOs started at the bottom and fought to the top. Those who are on the way to success, but have not yet reached a "respectable" level of income, will not be the proof most prospects need. It would also be a very large breach of privacy, disclosing one's own budget to a potential business partner when that partner has no intention of doing the same. Again, I fully support taking action to prevent tricksters and con artists from cheating people. I hope my comments offer some insight on how to best achieve that without hindering existing enterprises. Sincerely, Tanith Paquette