| Comment Number: | 522418-04962 |
| Received: | 6/28/2006 11:11:08 PM |
| Organization: | Quixtar-Bailey International |
| Commenter: | Mark Bailey |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I've been a Quixtar affiliated IBO for 6 yrs. The company' s integrity and leadership is some of the finest I have had the priviledge to associate with. My next goal in building my business is to reach the Ruby Level and then the Emerald level, so we can replace my wife's income. The proposals laid out by the FTC are burdensome and in some cases absurd. 1. For a prospect to have to wait 7 days before registering as an Independent Business Owner is absurd when there is a money back guarrantee alreay in place. Some people need to have the opportunity to start earning income immediately. 2. To have all lawsuits listed for the past 10yrs against Quixtar is absurd also. I wonder what would happen if you made investors wait 7 days and give them a list of all the lawsuits against both Microsoft and Walmart before they were given the ok to invest in stock in those companies. It would be a waste of time and money and resources. 3.To have a list of references for all IBOs in your area given out to the prospect. Does that mean if there are only 5 active IBOs in that area-too bad for the new prospect? 4.To have all substantiated income listed for a new prospect. That would be kind of like a car salesman having to list how that dealership and the salesman makes all their money on the sale of a car and explaining it in complete detail before the customer could even buy the car. The customer is always wanting a good fair deal; but they also want a car and a vehicle. That doesn't happen at a dealership and the dealership probably wouldn't offer an unconditional money back gurrantee for up to 6months like Quixtar does. Does a new employee at any company-have to wait 1-2months to learn how the company makes money in all of it's different divisions or subsidiaries? In closing, the Quixtar business opportunity and other direct selling organizations allow individuals a fair and even playing ground for folks who know that depending on a job or the social security for there financial security is financial foolishness.