| Comment Number: | 522418-05375 |
| Received: | 6/30/2006 9:03:42 PM |
| Organization: | Freedom Delivery (through Quixtar) |
| Commenter: | Jerilyn Schrock |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
FTC, I highly commend you on your proposal to update regulations regarding business opportunities. As a Quixtar IBO, I recognize that stricter guidelines would inhibit fraudulent businesses, which are a detriment to us all. However, I disagree with a few of the proposed solutions. 1. Please eliminate the 7-day waiting period. Knowledgeable people understand good business opportunities. A waiting period causes unnecessary frustration, especially when the company offers a money back guarantee. The fire and excitement experienced when one first sees this business plan needs to be tempered with the guidance and mentorship offered by the business team. The ability to join the team is crucial during the first few days, first to provide proper structure and support, second to eliminate the potential for false claims made unwittingly by the new person, and third to maintain profitability opportunities for all parties involved. 2. Please eliminate the requirement to provide 10 references. This requirement is dangerous and infringes on my right to privacy. I refuse to provide my personal information to the general public in the chance that someone might register. In the Quixtar business, any new prospect meets other partners in an open and professional business forum that provides them with multiple testimonies and personal contact. 3. Please eliminate the requirement to disclose all past litigation. Exactly what task force is going to be hired to maintain that immense database? Who is going to pay for it? Who is a ‘seller’? Why even disclose unbridled commentary and alleged litigation? Isn’t that available on any web search engine? I appreciate trying to protect the public, but isn’t that why we have the BBB? And shouldn't FTC approval of a company be enough? 4. Please eliminate the requirement to disclose every income claim. Every person who gets into this business writes his/her own paycheck with his/her own efforts. The income potential is unlimited and therefore the required disclosures would be unlimited as well. The FTC already requires that we show the minimum. In our presentation, we normally talk for 45 minutes to explain to everyone how they can earn $7.50 their first month in business. This guideline eliminates any ‘get rich quick’ thinking. I have personally seen the paychecks of 3 sponsors and the lifestyle that coincides. When trust is built with a growing mentored, new information comes forth. Forcing disclosures is a breach of privacy as well as a possible false statement. For instance, on several occasions I have made more than my immediate sponsor. Why would I base my individual opportunity expectations on someone else's personal results? Providing accurate information to every prospect is essential for building any strong, solid business. An independent business owner won’t last unless he/she has integrity, character, and accountability. I appreciate the efforts of the FTC to protect the public from potential scams. By eliminating these four areas from the proposed solution, the FTC can reach their goal while maintaining privacy of individuals and preserving a streamlined and effective business process with which we can all succeed. Sincerely, Jerilyn Schrock Quixtar IBO www.jschrock.qhealthbeauty.com