| Comment Number: | 522418-04589 |
| Received: | 6/27/2006 2:39:35 PM |
| Organization: | Quixtar IBO dba: Libertas, LLC |
| Commenter: | Eric Miller |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and I have been Independent Business Owners (IBO) associated with Quixtar/Amway for over 10 years. The business model has allowed us flexibility to generate a moderate side income in our spare time. In 2000, when one of our son’s developed brain cancer our income from Quixtar paid our mortgage while our son was hospitalized. While completing my Master’s of Arts degree in Organizational Management I did extensive research into the direct sales industry. After my research I realized there were many charlatans in the direct sales industry. I applaud the FTC’s efforts to clean up the industry. However, Quixtar stands as a pillar of integrity and a model for other companies to emulate. I believe in honest disclosure of income expectations and product value. Many in the direct sales industry provide products of little to no value and no guarantee. When prospecting potential IBOs to associate with me and Quixtar I make sure they understand the Quixtar opportunity requires effort and focus and is NOT a get-rich-quick scheme. I share the SA-4400 income disclosure statement to every prospect. The proposed 7 day waiting period for individuals to wait is not reasonable. Instead of a waiting period there should be a money back guarantee for all products and services. This allows for those not satisfied to “opt out” and get their money back. I do not agree with the providing a list of references provision of the proposal. People who provide a list of references never put anyone who is not happy on their list. This list will be of little value to a new prospect. In our internet age, anyone with a computer can go online and through Google find all the negative information they wish to find. The provision requiring a disclosure of litigation follows the same reasoning of the above statement. Nearly all litigation in the US can be accessed online. If a company is in trouble the information is at some point available online.