|Received:||6/27/2006 9:19:51 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been a totally satisfied Quixtar IBO for approximately 5 years. What a great organization and business. FTC proposed requirements seem as if they were designed to destroy the most honorable company and business opportunity in the free world. PROVIDING REFERENCES: Really bad idea. Not only does it compromise the personal information of numerous IBOs, but it makes conducting business almost impossible for a sponsoring IBO who does not know any local IBOs (maybe he is new, maybe he wants to sponsor in a different state or town. If a prospect wants references, he can ask me. If I fail to provide, he can choose not to sign up with me. The prospect is always in control. He can request any information he wants to and then make a decision based on the information provided by his prospective sponsor. LITIGATION LIST: Really bad idea. You are asking IBOs to provide literally reams of data to prospects. As you know, all large corporations are under litigation from numerous sources at all times. The amount of data you are talking about is huge. If I have to provide this information, then Wal Mart, Microsoft, etc. should provide the same to folks who purchase at their stores...just to make certain that the customer will not get defrauded or sold an inferior product based on traditional (unscrupulous, exaggerated, many outright lies) advertising. FINANCIAL SUBSTANTIATION: Terrible idea. It is unreasonable to require a discolsure of personal information to prospects (or anyone else). If a prospect asks me to disclose my personal financial data, I'll be happy to reject him as a prospective IBO. My earnings have nothing to do with the validity of Quixtar as a business vehicle. That would be like directing an automobile salesman or a computer salesman to disclose the markup on each product. OVERALL COMMENT: If you want to crack down on the multitude of unscrupulous businesses which imitate Quixtar in some ways (and there are unscrupulous businesses out there, as well as unscrupulous businessmen) then you would be well advised to look at the overall business standards of the Quixtar Corporation and require other businesses to adhere to those standards. If you actually investigate, you'll find that our standards are the highest in the world. You will never totall eliminate unscrupulous, dishonest people from this or any other industry. Let's not punish the multitude of honest businessmen for the dishonesty of a few who see no more than "get rich quick". After all, since this always fails in our industry, the "bad apples" always fail and get out. Unfortunately you cannot protect people from their own greed. Thank you for the opportunity to respond.