| Comment Number: | 522418-05612 |
| Received: | 7/2/2006 3:15:12 PM |
| Organization: | |
| Commenter: | Fred Krause |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am a very happy independent business owner using the Quixtar business model. I have been active for a year and have my best month resulted in a profit of about $650.00. I feel that the constraints which you are proposing to put on the business opportunity much more difficult to develop and would not provide any benefit. We already have a six month money back guarentee. The proposed delay criteria would put an artificial constraint on the business development. I am being coached and mentored by a very effective team of IBO's. For the first time in my life my wife and I are working together towards a common goal. This business has been fun, challenging and a tremendous opportunity for personal and marital growth. I am working toward the American Dream and look forward to helping many other people reach their dreams as well. I am currently helping six other couples build their businesses and their marriages. The rule… • Should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. • Should provide a reasonable cancellation policy. • Should not require a seven-day waiting period before a prospect could register. • Should not require IBO references be provided to prospects or disclosure of past litigation. • Should not require financial records to be disclosed to prospects. Thank you for everything that you do to serve the people of this great Country.