Comment Number: 522418-04827
Received: 6/28/2006 2:44:26 PM
Organization: Britt World Wide
Commenter: John Smith
State: CA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I've been an IBO in my Quixtar business for about 2 years now. I've been able to make such benefits from this business such as extra income, new dreams, goals, and vision. I've changed my overall lifestyle, which is now set on helping others have what they want. The time I've been with Quixtar I haven’t seen anything fraudulent, or scandalous. I've taken notice that the company and the policies set forth promote transparency and honesty. When I registered as a IBO I was given ample information on how the business works, how money is made and I was able to make a intelligent, informed decision on weather to get started or not. When prospects get started they spend about 300$, & have an opportunity to get a large portion of that money back if they change they're mind. It is clearly explained to the prospect that the Quixtar opportunity is not a "get rich quick", and does take time and effort. Prospects have a variety of ways in which info may be obtained. The opportunity is usually shown via open meeting in hotel, where the prospect is exposed to other IBO and potential prospects, in public setting or at the prospects house. This is usually a delicate process in which any negative feedback could tip the prospects opinion in any direction. If I were made to show the prospect a list of litigations even ones without merit, this would have a great negative effect on business. The 7 day rule, in my humble opinion, will not be advantageous to any party what so ever. Sometimes in this line of work I may find and excited person who knows when opportunity knocks, they had better answer quickly. So they are willing to sign up ASAP. If I were made to have them wait for a 7-day period, over those 7-day they may loose excitement, or worse, become susceptible to negative influence and decide not to go through with a life-changing event. Would it make sense to make a car salesman make a customer wait 7 days before selling a car? He would defiantly loose his sale. The customer would loose motivation to buy. I also feel strongly about providing reference to all prospects. This proposal seems totally unnecessary as a way to have prospects meet other business owners. As explained earlier, prospects are able to interact with business owners at various meetings, conferences and seminars. This also brings up the issue of privacy invasion. There would also be a risk of others who may register my prospect. Which would make me loose business. These are just a few of the many issues I have with the set forth proposals. I think they should be thoroughly reviewed and revised. As an IBO in Quixtar I am all for eliminating the “get rich quick”, and pyramid schemes, which will improve business quality, and reputation. It is my sincere hope that the end result of the FTC’s Business Opportunity Rule will prove to be helpful, and strategic in dealing with illegal and dishonest business operations.