| Comment Number: | 522418-04454 |
| Received: | 6/26/2006 10:53:08 PM |
| Organization: | TMA Enterprise - Quixtar |
| Commenter: | Tommy McNally |
| State: | NC |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been involved with Quixtar since it began in 1999. When I started, I was given more than enough information to make an informed decision and knew that my future with Quixtar and the amount of money I make is up to me. The team I work with believes highly in informing prospects. In fact, we have a multi-step approach giving the prospect more information each meeting so they have more time to digest and understand the information. Some of the proposed rules are alarming when working with a legitimate business opportunity - the seven day or more waiting period being the first. We want to help people start making money as quickly as possible, even if only a few dollars. Many times a prospect will bring others to a meeting to have their input. If the prospect and the prospect's guest want to get started, the prospect would have to wait seven days and then the prospect's guest would have to wait an additional seven days resulting in the prospect 'losing' seven days or more of profit. This is also a crucial time for a new person, or a prospect, and it does not take much for them to get discouraged. This rule would protentially be crippling to getting people started. A second concern has to do with requiring 10 local references. I am the only distributor from my team in this area. If I am required to submit 10 local references I would have to use references from other teams - not smart in general. It would be like someone from the Dallas Cowboys having to use references from the Greenbay Packers because a Dallas player's home was in Greenbay. Also, having to let others use my information is jeopordising my privacy by my information being freely given to people I do not know and may not want to have my address and phone number. With information on the internet in general, Quixtar's website, BBB website, etc., there is enough accredidation out there for Quixtar that personal references is not a smart idea. With living in a large city area, I strongly agree that something needs to be done to stop the illegal 'get rich quick' schemes that are rampont out there. Some of the proposed rules will stop these schemes, but also greatly jeopardize the legitimate, successful businesses that FTC has already reviewed and approved over the years. Thank you for your time.