|Received:||6/27/2006 12:25:40 AM|
|Organization:||Independant Business Owner Powered by Quixtar|
|Commenter:||Da Wei Teh|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Dear FTC, This letter is my personal experience with the Quixtar business opportunity and the individuals whom I do business with. I am a 22 year old man who is currently employed as a computer and technology resource manager. Of sound mind and body I at the age of 18 started my independant business with Shehryar and Sameera Taher who showed me the opportunity to create residual income with the Quixtar powered business that I have today. I run my business outside of work ours and do not allow it to interfere with my work schedule. I have been able to improve the the level of people I associate with on a very significant basis on moral, ethical, intelectual, spiritual and overall wholesome grounds. I do not currently have children however the reason I build my business is to provide for the children that I know I will have in the future. Currently my first goal is to provide for my parents so they will not have to work anymore. I am close to that goal and will have that income by 2008. I can honestly say that I am a better individual because of my association with my sponsors and everyone that I come into contact with in this business. When I was 18 Shehryar showed me the business plan and was very open about all of the information even going so far as to explain the connection between Quixtar and Amway. I as an 18 year old did not grasp all of the information as there was quite a large amount to take in. This did not stop me because I made the decision because of the people I met and the genuine open flow of information. I felt that I was given more than enough information to get started and have duplicated that pattern with prospects that I encounter. I understood that the opportunity that was in front of me at the time was not a get rich quick scheme and that it takes hard work to succeed. I spent aproximately $70 to get registered and purchase a product intro pack of value of aproximately $100. Along with registration I purchased a BWW Starter kit of education materials that are valued at aproximately $100. This comes to an initial startup cost of about $270. I greatly apreciated that this was the only business opportunity that I could start for that low of a price. I have duplicated all of these figures to some degree and have customized the product intro pack and education materials at greater and lesser amounts as an option for the prospect to accomodated their riskable assetts respectively. I have had people quit and they recieved a full refund for all refundable items. I appreciate the FTC and BBB in their efforts to provide a fair and balanced environment for entrepenuership in the United States and pray to our Lord Jesus that it stays that way. These are my views from the ground floor as to the proposed rule currently in question. 1. A proposed 7-day waiting period for the registration of a new IBO (Independat Business Owner). This would not only hinder the speed at which growth occurs in the business it would actually reverse it. Because we live in an information age, 7 days is an eternity. Provide for me a real and solid reason why a 7 day period might help especially when we have a 90 money back guarentee. 2. Proposed requirement to provide references. This is not only against privacy issues it is also unreasonable considering that it is not duplicatable for the following reason. Example: I, Da Wei Teh, who has been in business for 4 years, know 10 references and their contact information. Suppose I sponsor Joe, (Fictional), and Joe is now in business. He does not know 10 other IBO's and if he were to spend his time to find 10 IBOs to get their contact information for this rule he would be waiting a while. Now suppose he sponsores 10 and now has the contact info needed. 10 new IBOs would not provide sufficient information to a prospect. Now I ran out of room on this form and will thank you for reading my comments on this proposed set of rules. Please don't impliment these changes. Thanks.