| Comment Number: | 522418-04307 |
| Received: | 6/26/2006 1:53:09 PM |
| Organization: | |
| Commenter: | Noukou Hang |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To the FTC I thank you for trying to ensure that future prospects of any business opportunity will get a fair and thorough look into the company that they are investigating. I have been a Quixtar IBO for 5 plus years and have had an awesome time. I have been able to learn how to properly operate a true business with no previous background in the arena. I understand that not everyone will always follow rules but those are the only few and not the majority. I believe that the legit companies out there in the market should not suffer because a few companies try to rip people off. During my time as an IBO I have seen many people build great businesses with honesty and integrity. The team's entire goal as an organization is to ensure that the new prospects understand what type of business they are looking at and what type of investment that it will take to get started. Quixtar's registration is only around $40 and has 3 optional add-on starter packs costing between $100-130 extra. We also tell them that before they start that the plan is simple but is not the easiest thing to build. Always letting them know that there is real work involved. We do all these things because we want to make sure the prospects get all the information they need before they make their final decision. There are a few rules that are being considered that may hinder my future opportunity with Quixtar. The 7-day waiting period is a bad idea. Quixtar already provides a 180-day money back guarantee and that should be the standard for other companies. We have such a small window of opportunity to lock these new prospects in, why make it harder on us to show them how quickly they can create income and start showing them some success from day one. Disclosing my income and giving away information of my friends is asking for too much information. I would not feel comfortable with providing personal information to someone that may cause a bigger problem with those information. This may also cause for too many other people having a direct impact on my prospects decision. I want my prospect to make their decision based on the opportunity and me helping them personally achieve whatever they want from the plan. Not someone that may or may not have the same experiences that I have had with the company. Giving the prospects information about all the lawsuits is just plain ludicrous. Everyone knows that all companies get sued all the time for stupid stuff. Why do I need to inundate my prospect with worthless and sometimes menial information? Never in 5 years have I ever had a single person, not even a naysayer, ask for information about lawsuits. That's a lot of people I tell you. I understand what the FTC is trying to accomplish but as you can see some of the suggestions need to be either adjusted or entirely removed from the proposition. Please understand that we already have to go the extra mile just to ensure that people understand our company, but some of these suggestions will only cause more confusion than answer concerns. Thank you for doing all that you can, but also thank you for hearing the voice of an IBO. Thanks.