|Received:||6/28/2006 8:08:18 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been in Quixtar for 30 years and have found the business to be a very successful way of adding additional income while also continuing my full time profession. When I initially registered in the business I felt that I was given adequate information for deciding to participate. In addition, over the past 30 years, we have continued to register other people and have informed them of the opportunity as well as indicating that this is not a get rich quick plan, that hard work is required and that there are no guarantees of success. In addition, their initial membership fee and optional products are refundable, if not satisfied. Requiring a seven day waiting period is without merit, since the optional refund of their initial expenditure is refundable. This requirement would certainly stiffle the interest and potential growth of all businesses involved and certainly is unjustified. A requirement for providing references of other local IBOs before prospects can decide to register is unfair, specifically to new members who are trying to build their own businesses, since the tendency would be to sign up with other local IBOs who have been in the business a longer length of time and have had the opportunity (timewise) for more income success. After a person is registered, they do have the opportunity of meeting and talking with other IBOs through group meetings. The requirement to provide earnings disclosures is already provided in our SA-4400 form, which explains what the average monthly gross income is for individuals in the business. The additional detailed information is just more "paperwork" and not of any significant value. The requirement for financial substantiation of my personal income from the business is not relevent to what another person's income can be, since individual effort will determine that person's income capability. I have developed a part time business over the past 30 years that has also helped many other people increase their incomes. Adding the extensive additional requirements suggested by the FTC would detrimentally effect our present and future businesses.